Brighthouse Fina Financials
This page shows Brighthouse Fina (BHFAN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 11 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
BHFAN’s thin equity on a massive asset base makes cash conversion and capital cushion more important than revenue.
From FY2023 to FY2025, reported earnings swung from-$1.2B to$331M , yet cumulative operating cash flow across those three years was still slightly negative at-$168M . At the same time, equity rebuilt from$4.9B to$6.8B against$241.8B of assets, so profit recovery has improved the buffer but has not removed the business’s sensitivity to relatively small balance-sheet moves.
The drop in debt-to-equity from 0.6x in FY2024 to 0.5x in FY2025 looks like deleveraging, but long-term debt stayed essentially flat near
FY2025 cash of
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Brighthouse Fina's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Brighthouse Fina's revenue surged 43.2% year-over-year to $6.8B, reflecting rapid business expansion. This strong growth earns a score of 80/100.
Brighthouse Fina carries a low D/E ratio of 0.47, meaning only $0.47 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 93/100, indicating a strong balance sheet with room for future borrowing.
Brighthouse Fina generates a 4.9% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 9/100. This is down from 5.8% the prior year.
Brighthouse Fina passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Brighthouse Fina generates $0.78 in operating cash flow ($259.0M OCF vs $331.0M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Key Financial Metrics
Earnings & Revenue
Brighthouse Fina generated $6.8B in revenue in fiscal year 2025. This represents an increase of 43.2% from the prior year.
Brighthouse Fina reported $331.0M in net income in fiscal year 2025. This represents an increase of 15.7% from the prior year.
Brighthouse Fina earned $5.71 per diluted share (EPS) in fiscal year 2025. This represents an increase of 23.1% from the prior year.
Cash & Balance Sheet
Brighthouse Fina held $5.4B in cash against $3.2B in long-term debt as of fiscal year 2025.
Brighthouse Fina had 57M shares outstanding in fiscal year 2025. This represents a decrease of 2.5% from the prior year.
Margins & Returns
Brighthouse Fina's net profit margin was 4.9% in fiscal year 2025, showing the share of revenue converted to profit. This is down 1.2 percentage points from the prior year.
Brighthouse Fina's ROE was 4.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 0.9 percentage points from the prior year.
Capital Allocation
Brighthouse Fina spent $102.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 59.2% from the prior year.
BHFAN Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.5B-9.6% | $1.7B-7.0% | $1.8B+108.5% | $871.0M-63.6% | $2.4B+98.3% | $1.2B-40.3% | $2.0B+41.4% | $1.4B |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $114.0M-1.7% | $116.0M+16.0% | $100.0M-2.9% | $103.0M-20.8% | $130.0M+38.3% | $94.0M-7.8% | $102.0M+1.0% | $101.0M |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | $38.0M0.0% | $38.0M0.0% | $38.0M0.0% | $38.0M0.0% | $38.0M0.0% | $38.0M0.0% | $38.0M0.0% | $38.0M |
| Income Tax | -$222.0M-1950.0% | $12.0M-88.5% | $104.0M+1200.0% | $8.0M+109.1% | -$88.0M-154.3% | $162.0M+1520.0% | $10.0M+150.0% | -$20.0M |
| Net Income | -$766.0M-2288.6% | $35.0M-92.7% | $479.0M+463.5% | $85.0M+131.7% | -$268.0M-147.1% | $569.0M+223.3% | $176.0M+417.6% | $34.0M |
| EPS (Diluted) | $-13.82 | N/A | $7.89+673.5% | $1.02+120.2% | $-5.04 | N/A | $2.47+1958.3% | $0.12 |
BHFAN Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $236.8B-2.1% | $241.8B-1.2% | $244.7B+0.8% | $242.6B+3.4% | $234.7B-1.6% | $238.5B-2.7% | $245.2B+3.3% | $237.4B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $4.9B-8.9% | $5.4B-18.5% | $6.6B+19.2% | $5.5B+18.7% | $4.7B-7.5% | $5.0B-10.4% | $5.6B+26.8% | $4.4B |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $231.2B-1.6% | $235.0B-1.4% | $238.3B+0.6% | $236.9B+3.3% | $229.4B-1.8% | $233.5B-2.5% | $239.6B+2.7% | $233.2B |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | $3.2B0.0% | $3.2B0.0% | $3.2B0.0% | $3.2B0.0% | $3.2B0.0% | $3.2B0.0% | $3.2B0.0% | $3.2B |
| Total Equity | $5.6B-17.8% | $6.8B+6.4% | $6.4B+12.2% | $5.7B+8.3% | $5.2B+5.6% | $5.0B-10.2% | $5.5B+33.4% | $4.1B |
| Retained Earnings | -$1.5B-111.7% | -$686.0M+16.6% | -$823.0M+36.8% | -$1.3B+6.1% | -$1.4B-23.9% | -$1.1B+37.5% | -$1.8B+9.0% | -$2.0B |
BHFAN Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$221.0M-7266.7% | -$3.0M-102.6% | $117.0M+11800.0% | -$1.0M-100.7% | $146.0M+223.7% | -$118.0M-591.7% | $24.0M-92.8% | $334.0M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | -$485.0M+62.6% | -$1.3B-194.5% | $1.4B+1125.0% | $112.0M-80.1% | $563.0M+257.7% | -$357.0M-174.6% | -$130.0M+88.0% | -$1.1B |
| Financing Cash Flow | $226.0M+182.5% | $80.0M+118.9% | -$423.0M-155.5% | $762.0M+170.1% | -$1.1B-888.2% | -$110.0M-108.5% | $1.3B-5.2% | $1.4B |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $0 | $0 | $0-100.0% | $43.0M-27.1% | $59.0M-1.7% | $60.0M-6.3% | $64.0M0.0% | $64.0M |
BHFAN Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | -50.2%-52.2pp | 2.1%-24.3pp | 26.4%+16.6pp | 9.8%+21.0pp | -11.2%-58.4pp | 47.2%+38.5pp | 8.7%+6.3pp | 2.4% |
| Return on Equity | -13.8%-14.3pp | 0.5%-7.0pp | 7.5%+6.0pp | 1.5%+6.6pp | -5.1%-16.6pp | 11.5%+8.3pp | 3.2%+2.4pp | 0.8% |
| Return on Assets | -0.3%-0.3pp | 0.0%-0.2pp | 0.2%+0.2pp | 0.0%+0.1pp | -0.1%-0.3pp | 0.2%+0.2pp | 0.1%+0.1pp | 0.0% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 0.57+0.1 | 0.47-0.0 | 0.50-0.1 | 0.56-0.0 | 0.60-0.0 | 0.64+0.1 | 0.57-0.2 | 0.76 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Frequently Asked Questions
What is Brighthouse Fina's annual revenue?
Brighthouse Fina (BHFAN) reported $6.8B in total revenue for fiscal year 2025. This represents a 43.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Brighthouse Fina's revenue growing?
Brighthouse Fina (BHFAN) revenue grew by 43.2% year-over-year, from $4.7B to $6.8B in fiscal year 2025.
Is Brighthouse Fina profitable?
Yes, Brighthouse Fina (BHFAN) reported a net income of $331.0M in fiscal year 2025, with a net profit margin of 4.9%.
How much debt does Brighthouse Fina have?
As of fiscal year 2025, Brighthouse Fina (BHFAN) had $5.4B in cash and equivalents against $3.2B in long-term debt.
What is Brighthouse Fina's net profit margin?
Brighthouse Fina (BHFAN) had a net profit margin of 4.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Brighthouse Fina's return on equity (ROE)?
Brighthouse Fina (BHFAN) has a return on equity of 4.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Brighthouse Fina's operating cash flow?
Brighthouse Fina (BHFAN) generated $259.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Brighthouse Fina's total assets?
Brighthouse Fina (BHFAN) had $241.8B in total assets as of fiscal year 2025, including both current and long-term assets.
What is Brighthouse Fina's debt-to-equity ratio?
Brighthouse Fina (BHFAN) had a debt-to-equity ratio of 0.47 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Brighthouse Fina's return on assets (ROA)?
Brighthouse Fina (BHFAN) had a return on assets of 0.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Brighthouse Fina's Piotroski F-Score?
Brighthouse Fina (BHFAN) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Brighthouse Fina's earnings high quality?
Brighthouse Fina (BHFAN) has an earnings quality ratio of 0.78x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Brighthouse Fina?
Brighthouse Fina (BHFAN) scores 30 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.