DaVita Inc. (DVA) Financial Statements
DaVita financial statements at a glance
DaVita reported revenue of $13.64 billion for fiscal year 2025 (ended December 31, 2025), up 6.5% from fiscal year 2024. Net income was $746.80 million, a net margin of 5.5%, and diluted earnings per share were $9.84.
At the end of fiscal year 2025 it had total assets of $17.48 billion, total liabilities of $16.32 billion and shareholders' equity of -$651.08 million, with cash and short-term investments of $700.74 million and total debt of $12.87 billion.
Its operations brought in $1.89 billion of cash; capital spending was $575.86 million, leaving free cash flow of $1.31 billion.
The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.
Figures from company filings, in USD; latest fiscal year ended December 31, 2025.
DaVita Inc.
Income Statement
Annual • USD
DaVita key figures by fiscal year
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $13.6B | $12.8B | $12.1B | $11.6B | $11.6B |
| Gross profit | $4.4B | $4.2B | $3.8B | $3.4B | $3.6B |
| Operating income | $2.0B | $2.1B | $1.6B | $1.3B | $1.8B |
| Net income | $746.8M | $936.3M | $691.5M | $560.4M | $978.5M |
| Diluted EPS | $9.84 | – | – | – | $8.90 |
| Total assets | $17.5B | $17.3B | $16.9B | $16.9B | $17.1B |
| Total liabilities | $16.3B | $17.2B | $15.8B | $16.2B | $14.8B |
| Shareholders' equity | -$651.1M | $121.1M | $1.1B | $712.3M | $755.5M |
| Cash and short-term investments | $700.7M | – | – | – | $484.2M |
| Total debt | $12.9B | $9.4B | $8.4B | $8.9B | $12.0B |
| Operating cash flow | $1.9B | $2.0B | $2.1B | $1.6B | $1.9B |
| Capital spending | $575.9M | – | – | – | $641.5M |
| Free cash flow | $1.3B | – | – | – | $1.3B |
In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2020.
Questions and answers
What was DaVita's revenue in fiscal year 2025?
$13.64 billion, up 6.5% from $12.82 billion in fiscal year 2024.
How much profit does DaVita make?
DaVita reported net income of $746.80 million for fiscal year 2025 (5.5% of revenue); operating income was $2.01 billion.
How much cash and debt does DaVita have?
At the end of fiscal year 2025: cash and short-term investments of $700.74 million and total debt of $12.87 billion.
What is DaVita's free cash flow?
$1.31 billion in fiscal year 2025 (operating cash flow of $1.89 billion minus capital spending of $575.86 million).
