SBC Medical Group Holdings Inc files 10-K

SBC Medical Group Holdings Incorporated, a management company for aesthetic clinics, reported a decrease in total revenues for the year ended December 31, 2025, to $173,607,489 from $205,415,542 in the prior year, primarily due to a revised fee structure for its franchising and management services. Despite this, net income attributable to common stockholders increased to $50,985,613 from $46,614,275, driven by a significant gain on the redemption of life insurance policies and lower operating expenses. The company continues to address ongoing material weaknesses in internal controls related to oversight of related party transactions and executive compensation. Here are the key points for investors: