BHF (Brighthouse Financial, Inc.) Stock Financials & Earnings | Market Cap Arena

BHF (Brighthouse Financial, Inc.) Stock Financials & Earnings | Market Cap Arena

BHFBrighthouse Financial, Inc.

Mkt Cap$3B

Financial Services·Insurance - Life·🇺🇸 United States·NASDAQ

Revenue (TTM)$6.4B

Net Income (TTM)$433M

EPS (TTM)$5.81

Free Cash Flow (TTM)-$102M

Gross Margin36.0%

Op. Margin7.4%

Net Margin6.8%

FCF Margin-1.6%

P/S Ratio (TTM)0.5x

P/E Ratio (TTM)8.0x

YoY Rev Growth+45.9%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$1.3B	-$162M	-$653M
Q2 23	$174M	$176M	-$237M
Q3 23	$1.1B	$1.0B	$590M
Q4 23	$1.4B	-$688M	-$1.2B
Q1 24	$0	-$181M	-$614M
Q2 24	$1.3B	$384M	$14M
Q3 24	$2.0B	$625M	$188M
Q4 24	$1.1B	$1.2B	$834M
Q1 25	$2.3B	$69M	-$354M
Q2 25	$790M	$494M	$93M
Q3 25	$1.7B	$872M	$585M
Q4 25	$1.6B	$859M	$150M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	0.5x	4.8x
Q2 23	1.1x	—
Q3 23	1.1x	—
Q4 23	0.9x	—
Q1 24	1.3x	—
Q2 24	0.9x	—
Q3 24	0.7x	—
Q4 24	0.8x	8.9x
Q1 25	0.5x	5.6x
Q2 25	0.6x	5.2x
Q3 25	0.6x	3.6x
Q4 25	0.5x	8.0x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	-$500M	-$500M
Q2 23	-$128M	-$128M
Q3 23	$339M	$1.3B
Q4 23	$152M	$200M
Q1 24	-$530M	-$530M
Q2 24	$334M	$334M
Q3 24	$24M	$24M
Q4 24	-$118M	-$118M
Q1 25	$146M	$146M
Q2 25	-$1M	-$1M
Q3 25	$117M	$117M
Q4 25	-$364M	-$364M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$0
Q2 23	$0
Q3 23	$975M
Q4 23	$48M
Q1 24	$0
Q2 24	$0
Q3 24	$0
Q4 24	$0
Q1 25	$0
Q2 25	$0
Q3 25	$0
Q4 25	$0

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	-27.5%	+1007.0%
Q2 23	-95.4%	-73.8%
Q3 23	-9.3%	-26.7%
Q4 23	+204.7%	+43.2%
Q1 24	-100.0%	-68.5%
Q2 24	+663.8%	+220.0%
Q3 24	+75.7%	+236.8%
Q4 24	-20.9%	-90.4%
Q1 25	—	+335.5%
Q2 25	-40.6%	-47.0%
Q3 25	-13.0%	-36.7%
Q4 25	+44.5%	+478.6%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$0	0.0%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$29M	2.1%
Q1 24	$0	—
Q2 24	$0	0.0%
Q3 24	$0	0.0%
Q4 24	$0	0.0%
Q1 25	$0	0.0%
Q2 25	$0	0.0%
Q3 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	SG&A
Q1 23	$167M
Q2 23	$185M
Q3 23	$171M
Q4 23	$207M
Q1 24	$174M
Q2 24	$171M
Q3 24	$176M
Q4 24	$172M
Q1 25	$202M
Q2 25	$179M
Q3 25	$175M

Revenue Segments

Quarter	Variable Annuity
Q1 24	$2M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$3.7B	$0	$3.7B
Q2 23	$3.7B	$0	$3.7B
Q3 23	$3.8B	$0	$3.8B
Q4 23	$3.9B	$0	$3.9B
Q1 24	$3.8B	$0	$3.8B
Q2 24	$4.4B	$0	$4.4B
Q3 24	$5.6B	$0	$5.6B
Q4 24	$5.0B	$0	$5.0B
Q1 25	$4.7B	$0	$4.7B
Q2 25	$5.5B	$0	$5.5B
Q3 25	$6.6B	$0	$6.6B
Q4 25	$5.4B	$0	$5.4B

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	68M	-0.6%
Q2 23	67M	-1.7%
Q3 23	66M	-1.5%
Q4 23	64M	-2.5%
Q1 24	62M	-2.8%
Q2 24	62M	+0.0%
Q3 24	61M	-2.1%
Q4 24	61M	+0.0%
Q1 25	58M	-4.4%
Q2 25	58M	-0.9%
Q3 25	58M	+0.0%
Q4 25	58M	+0.2%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	—	—
FY 15	—	—
FY 16	—	—
FY 17	$5M	1K
FY 18	$7M	1K
FY 19	$5M	1K
FY 20	$6M	1K
FY 21	$2M	2K
FY 22	$4M	2K
FY 23	$3M	2K
FY 24	$3M	1K
FY 25	$4M	1K