SBC Medical Group Holdings Inc
SBC, SBCWW · Services-Offices & Clinics of Doctors of Medicine · 102.8M shares · +3%/yr ↑ shares · EDGAR filings ↗
Reference price $3.02 · est. market cap ~$311M — last insider sale, 2026-04-28 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B72SBC Medical Group — Japan-based aesthetic-clinic management franchise, high-margin and cash-rich.
Strengths
- Operating margin 39% (96th pct), ROA (88th), interest coverage 455x; very strong liquidity (current 3.8)
- Capital-light clinic-services/royalty model
Risks
- Customer (franchise-clinic) concentration; Japan-market dependence
- Recent-listing/governance and disclosure scrutiny
Notable findings
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
73.3%
Operating margin
38.9%
Net margin
29.4%
Return on equity
20.5%
Return on assets
13.4%
ROIC
18.3%
Revenue growth (QoQ)
8.8%
Debt / equity
0.2×
Net debt / EBITDA
-1.7×
Interest coverage
455.3×
Current ratio
3.8×
Free cash flow
$23M
EBITDA
$70M
Tangible book value
$185M
Cash & investments
$164M
Stock comp / revenue
0.0%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-04-28 | Aikawa Yoshiyuki | Sell | 465K | $3.02 |
| 2026-04-21 | Aikawa Yoshiyuki | Sell | 3.1M | $3.02 |
| 2026-03-06 | Aikawa Yoshiyuki | Sell | 4.4M | $2.12 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-20 | Exec/director change | filing ↗ |
| 2026-05-14 | ResultsReg FDExhibits | filing ↗ |
| 2026-04-23 | Material agreementExhibits | filing ↗ |
| 2026-03-27 | ResultsReg FDOtherExhibits | filing ↗ |
| 2026-01-05 | Reg FDOtherExhibits | filing ↗ |
| 2025-12-31 | Reg FDOtherExhibits | filing ↗ |
| 2025-12-15 | OtherExhibits | filing ↗ |
| 2025-11-14 | ResultsExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-20 | 2026-05-14 | 0001493152-26-024609 ↗ |
| 8-K | 2026-05-14 | 2026-05-14 | 0001193125-26-222720 ↗ |
| 10-Q | 2026-05-14 | 2026-03-31 | 0001193125-26-222737 ↗ |
| 10-K/A | 2026-04-30 | 2025-12-31 | 0001493152-26-020748 ↗ |
| 8-K | 2026-04-23 | 2026-04-19 | 0001493152-26-018603 ↗ |
| 8-K | 2026-03-27 | 2026-03-27 | 0001493152-26-013078 ↗ |
| 10-K | 2026-03-27 | 2025-12-31 | 0001193125-26-127557 ↗ |
| 8-K | 2026-01-05 | 2026-01-05 | 0001193125-26-001488 ↗ |
| 8-K | 2025-12-31 | 2025-12-31 | 0001493152-25-029699 ↗ |
| 8-K | 2025-12-15 | 2025-12-13 | 0001193125-25-318331 ↗ |
| 10-Q | 2025-11-14 | 2025-09-30 | 0001193125-25-281466 ↗ |
| 8-K | 2025-11-14 | 2025-11-14 | 0001193125-25-281439 ↗ |