Bright Horizons Family Solutions Inc.

Bright Horizons Family Solutions Inc. (NYSE: BFAM) is a leading provider of high-quality early education and child care, comprehensive back-up care solutions, and educational advisory services designed to support working families and employers' workforce strategies. The company operates through three reportable segments: full service center-based child care, which generates 71 percent of revenue; back-up care, representing 25 percent of revenue; and educational advisory services, accounting for 4 percent of revenue.

As of December 31, 2025, Bright Horizons operated 1,010 early education and child care centers across five countries with capacity to serve approximately 115,000 children. The company serves more than 1,450 employers, including more than 220 Fortune 500 companies, across diverse industries. The organization maintains a highly diversified client base, with its largest client representing approximately one percent of revenue and its ten largest clients representing approximately eight percent of revenue.

The company's full service centers operate under two principal business models: a profit and loss model covering approximately 75 percent of centers, and a cost-plus model covering approximately 25 percent. Full service center revenue is primarily generated through tuition paid by families, representing approximately 90 percent of segment revenue. Back-up care services leverage a network of more than 5,500 providers, combining Bright Horizons owned capacity with third-party providers. The company also owns and operates Sittercity, an online marketplace for families and caregivers. Educational advisory services include EdAssist, which provides workforce education and tuition assistance program management, and College Coach, offering college admissions and financing advisory services.

Geographically, North America generates 71 percent of revenue while operations outside North America, including the United Kingdom, Netherlands, Australia, and India, represent 29 percent of revenue. As of December 31, 2025, the company employed approximately 32,200 global employees, including approximately 28,900 at early education and child care centers and as in-home caregivers.

Founded in 1986, Bright Horizons transformed through the 1998 merger of Bright Horizons, Inc. and Corporate Family Solutions, Inc. The company went public on the New York Stock Exchange on January 30, 2013, following its acquisition and private ownership from 2008 to 2013. More information is available at www.brighthorizons.com.