Every material Form 8-K DaVita filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
On November 24, 2025, DaVita entered an Eighth Amendment to its 2019 Credit Agreement, providing new five-year secured facilities of up to $2 billion in term loan A and $1.5 billion in revolving credit to refinance its prior facilities maturing in April 2028. The filing states proceeds will repay the prior facilities, cover fees and expenses, and fund working capital and general corporate purposes, which may include stock repurchases, acquisitions and investments.
New A-2 term loan facility of up to $2 billion and new revolving facility of up to $1.5 billion, both five years
Refinances a prior term loan of approximately $1.950 billion and a prior $1.5 billion revolver, both maturing April 2028
Initial margin of 150 basis points over Term SOFR; margin and revolver commitment fee move to a leverage-based grid after financial statements for the quarter ending March 31, 2026
Term loan amortizes quarterly from March 31, 2026, at 2.5% per year for two years, then 5.0% per year
DaVita reported third-quarter 2025 results with total revenues of $3.420 billion, up from $3.264 billion a year earlier, while net income attributable to DaVita fell to $150 million from $215 million and diluted EPS fell to $2.04 from $2.50. The company narrowed its 2025 adjusted operating income and adjusted diluted EPS guidance and kept free cash flow guidance at $1.0 billion to $1.25 billion, and it repurchased $465 million of stock in the quarter.
Q3 2025 total revenues were $3.420 billion versus $3.264 billion in Q3 2024; operating income was $506 million versus $535 million.
Adjusted diluted EPS guidance narrowed to $10.35 to $11.15 from $10.20 to $11.30; adjusted operating income guidance narrowed to $2,035 million to $2,135 million from $2,010 million to $2,160 million.
Cybersecurity incident charges of approximately $11.7 million were recorded in Q3 2025 in general and administrative expenses and are excluded from adjusted metrics.
The company repurchased 3.3 million shares for $465 million in Q3 2025 and an additional 0.4 million shares for $54 million from October 1 through October 28, 2025.
DaVita reported second-quarter 2025 results with revenue of $3.380 billion, up from $3.187 billion a year earlier. Net income attributable to DaVita fell to $199 million from $223 million, while diluted earnings per share rose to $2.58 from $2.50, helped by a lower share count. The company also issued $1.0 billion of 6.75% senior notes and repurchased 3.1 million shares for $446 million.
Q2 2025 revenue was $3.380 billion versus $3.187 billion in Q2 2024; operating income was $538 million versus $506 million.
Diluted EPS was $2.58 (adjusted $2.95) versus $2.50 a year earlier; net income attributable to DaVita was $199 million versus $223 million.
Cybersecurity incident charges were about $13.5 million in the quarter, and debt expense rose to $146 million from $98 million.
DaVita entered a Seventh Amendment to its Credit Agreement with Wells Fargo as administrative agent, repricing its senior secured term loan B facility maturing in May 2031 and adding $250 million of incremental term loans. The company used the proceeds to repay $250 million of senior secured term A loans maturing in April 2028. The filing does not report a change in total debt outstanding or a change in the company's financial results.
Seventh Amendment dated July 17, 2025 reprices the term loan B facility, now the Tranche B-2 Term Facility, maturing May 2031.
Applicable margin is 175 basis points for Term SOFR loans and 75 basis points for Base Rate loans, down from 200 and 100 basis points.
Incremental $250 million of Tranche B-2 Term Loans used to repay $250 million of term A loans maturing April 2028.
Wells Fargo Bank, National Association serves as administrative agent, collateral agent and swingline lender.
DaVita completed a $1.0 billion private offering of 6.750% senior notes due July 15, 2033, with net proceeds of approximately $986 million. The company plans to use $830 million to repay revolving credit facility borrowings, with the remainder for general corporate purposes, including stock repurchases, working capital and capital expenditures.
Offering size: $1.0 billion aggregate principal of 6.750% Senior Notes due 2033, closed May 23, 2025
Approximately $986 million in net proceeds after initial purchasers' discount and fees
$830 million of proceeds earmarked to repay outstanding revolving credit facility borrowings
Notes are unsecured, rank equally with other senior debt, and are not listed on any securities exchange
DaVita reported first-quarter 2025 results for the period ended March 31, 2025. Revenue rose from $3.071 billion a year earlier, but operating income fell to $439 million from $484 million and diluted EPS fell to $2.00 from $2.65. The company also reaffirmed 2025 guidance of $10.20 to $11.30 in adjusted diluted EPS and $1.0 billion to $1.25 billion in free cash flow, and repurchased 3.7 million shares for $550 million during the quarter.
Total consolidated revenues were $3.224 billion, up from $3.071 billion in the first quarter of 2024.
Operating income was $439 million, a 13.6% margin, compared with $484 million and a 15.8% margin a year earlier.
Diluted EPS was $2.00, compared with $2.65; adjusted diluted EPS was $2.00, compared with $2.26.
2025 guidance: adjusted operating income $2.010 billion to $2.160 billion; free cash flow $1.000 billion to $1.250 billion.
DaVita reported fourth-quarter 2024 revenue of $3.295 billion, up from $3.146 billion a year earlier, and diluted EPS of $3.09 versus $1.62. Adjusted diluted EPS was $2.24, down from $2.59 in the third quarter of 2024, and the company gave 2025 adjusted diluted EPS guidance of $10.20 to $11.30. The gain on changes in ownership interests contributed to the GAAP results, and shareholders benefit from the company's continued share repurchases.
Q4 2024 revenue was $3.295 billion, compared with $3.146 billion in Q4 2023.
Q4 2024 diluted EPS was $3.09, compared with $1.62 a year earlier; adjusted diluted EPS was $2.24, versus $2.59 in Q3 2024.
Full-year 2024 adjusted diluted EPS was $9.68, up from $7.67 in 2023.
2025 guidance: adjusted operating income of $2.010 billion to $2.160 billion and free cash flow of $1.000 billion to $1.250 billion.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every DaVita filing is on SEC EDGAR ↗. 8-K briefs of other companies →