What was the net income for Brightstar Care for the fiscal year ended December 29, 2024?
Brightstar_Care Franchise · 2025 FDDAnswer from 2025 FDD Document
| December 29, | December 31, | |
|---|---|---|
| Fiscal year ended | 2024 | 2023 |
| Net Income | 19,857,711 | 17,922,426 |
| Less: net loss attributable to the non-controlling interest | (2,984,141) | (1,766,408) |
| Net Income Attributable to BrightStar Franchising, LLC | $ 22,841,852 | $ 19,688,834 |
Source: Item 23 — RECEIPTS (FDD pages 118–387)
What This Means (2025 FDD)
According to Brightstar Care's 2025 Franchise Disclosure Document, the net income for the fiscal year ended December 29, 2024, was $19,857,711. This figure represents the company's earnings after deducting all expenses from its total revenues. In comparison, the net income for the previous fiscal year, which ended December 31, 2023, was $17,922,426.
It's important to note that while the net income was $19,857,711, the net income attributable to BrightStar Franchising, LLC, after accounting for non-controlling interests, was $22,841,852 for the fiscal year ended December 29, 2024. This is higher than the stated net income due to the allocation of losses to non-controlling interests. For the fiscal year ended December 31, 2023, the net income attributable to BrightStar Franchising, LLC was $19,688,834.
Prospective franchisees should consider these figures as indicators of Brightstar Care's overall financial performance. Understanding the difference between net income and net income attributable to the franchisor can provide a more accurate view of the company's profitability and how it distributes earnings. Reviewing these financial statements is a crucial step in assessing the financial health and stability of Brightstar Care as a franchise opportunity.