Bausch Health Companies Reports Disappointing Q4 and Full-Year 2025 Results
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 18 2026
0mins
Should l Buy BHC?
Source: seekingalpha
- Disappointing Earnings: Bausch Health Companies reported a Q4 non-GAAP EPS of $0.32, missing estimates by $0.94, indicating significant challenges in profitability that may undermine investor confidence.
- Revenue Decline: The Q4 revenue of $1.40 billion fell short of the $1.31 billion expectation, reflecting weak market demand that could exert ongoing pressure on future financial performance.
- Annual Performance: For the full year 2025, revenue reached $5.101 billion with a GAAP net loss of $360 million; despite a 6% year-over-year revenue growth, the overall financial health remains fragile, necessitating close monitoring of future profitability.
- Future Guidance: Bausch Health anticipates 2026 full-year revenue between $5.375 billion and $5.475 billion, projecting a 5%-7% constant currency growth; however, market sentiment remains cautious regarding the company's ability to meet these targets.
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Analyst Views on BHC
Wall Street analysts forecast BHC stock price to rise
4 Analyst Rating
0 Buy
4 Hold
0 Sell
Hold
Current: 6.040
Low
7.00
Averages
8.25
High
10.00
Current: 6.040
Low
7.00
Averages
8.25
High
10.00
About BHC
Bausch Health Companies Inc. is a global, diversified pharmaceutical company. The Salix segment includes sales in the U.S. of GI products. The International segment includes sales of Bausch + Lomb products and Solta Medical aesthetic medical devices, outside the U.S. and Puerto Rico of branded pharmaceutical products, branded generic pharmaceutical products and OTC products. The Solta Medical segment includes global sales of Solta Medical aesthetic medical devices. The Diversified segment includes sales in the U.S. of pharmaceutical products in the areas of neurology and certain other therapeutic classes, dermatology products, generic pharmaceutical products and dentistry products. The Bausch + Lomb segment includes global sales of Bausch + Lomb Vision Care, Surgical and Pharmaceuticals products. Its drug candidate, Larsucosterol binds to and inhibits the activity of DNA methyltransferases, epigenetic enzymes that are elevated and associated with hypermethylation found in AH patients.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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- Adjusted EBITDA Growth: Adjusted EBITDA reached $773 million, up 9% from the previous year, exceeding expectations and demonstrating effective management in cost control and growth investments, enhancing future financial flexibility.
- Strategic Acquisition: The acquisition of Shibo, a full-service aesthetics distribution platform in China in December 2025, strengthens direct commercial presence in the largest global aesthetics market, expected to drive future revenue growth and market share expansion.
- Debt Structure Optimization: Through a $1.7 billion debt exchange, Bausch Health significantly improved its debt maturity profile, enhancing financial stability and providing greater flexibility for future business development.
See More
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- Revenue Growth vs. Rising Expenses: The company reported revenue of approximately $2.8 billion, a 9.5% year-over-year increase that beat the consensus of $2.71 billion; however, a 16% YoY increase in expenses to ~$2.3 billion negatively impacted profitability.
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