What was the gross amount of Brightstar Care's accounts receivable as of December 31, 2023?

According to Brightstar Care's 2025 Franchise Disclosure Document, the gross accounts receivable as of December 31, 2023, was $6,199,396. This figure represents the total amount of money owed to Brightstar Care by its customers or clients before accounting for any potential credit losses. Accounts receivable are a crucial asset for Brightstar Care, reflecting revenues that have been earned but not yet collected in cash. Monitoring this balance helps Brightstar Care manage its cash flow and assess the efficiency of its collection processes.

However, it's important to note that Brightstar Care also accounts for potential uncollectible amounts through an allowance for credit losses. As of December 31, 2023, this allowance was $213,282. This allowance reduces the gross accounts receivable to a net realizable value, which is the amount Brightstar Care realistically expects to collect. The net accounts receivable as of December 31, 2023, was $5,986,114, after deducting the allowance for credit losses.

For a prospective Brightstar Care franchisee, understanding these figures is essential for assessing the financial health and stability of the franchise system. While gross accounts receivable indicate the total revenue outstanding, the net accounts receivable provides a more accurate picture of the cash that Brightstar Care anticipates receiving. Franchisees should pay attention to the trend in these figures over time, as significant changes could indicate issues with billing, collections, or the overall financial performance of the system.