Sutter Health Financial Performance
2025 Financial Performance
Sutter Health is committed to delivering the most comprehensive, integrated and connected care to our patients and communities. In 2025, our Audited Financial Statements showed sustained financial stability, supporting the organization’s innovative, high-quality care delivery for 3.6 million patients--serving approximately 112,000 more patients than in 2024. The organization ended 2025 with $509 million in operating income and an operating margin of 2.6% while managing growing labor and supply costs. Sutter’s positive operating income and margins remain vital as the organization continues making strategic investments to support more accessible, more proactive and more predictive care, helping more patients achieve their best health.
Strengthening Health Care Access Statewide
Sutter continues building on the momentum that began with Warner Thomas’ arrival as president and CEO of Sutter Health in 2022, expanding clinical capacity and breaking down barriers to accessing care. In 2025, Sutter opened the doors at 31 new and expanded sites and broke ground at 15 others. Capital investments increased to more than $2 billion in 2025 compared to $819 million invested in 2024, as Sutter advanced comprehensive plans to open new and revitalize existing care facilities. Major projects on the horizon include a new Advanced Cancer Center and Care Complex in Modesto, an Advanced Neuroscience Complex in San Francisco, a new medical center in Santa Clara and a regional health care campus in Emeryville. As plans develop and locations expand, so does the need for supportive teams to care for more patients. Sutter welcomed approximately 1,100 new physicians and advanced practice clinicians in 2025 and grew its overall workforce to approximately 64,000 employees last year.
With these elements in place, Sutter has seen a year-over-year increase in patients served for a fourth year in a row. The health system now serves 3.6 million patients in California, compared to 3.1 million in 2021 – an increase of more than 16%.
Sutter Health and Affiliates – 2025 Financial Results:
Dollars in millions
| Sutter Health 2025 Financial Results | 2025 | 2024 |
|---|---|---|
| Total revenues | $19,820 | $18,207 |
| Total expenses | 19,311 | 18,065 |
| Income from operations** | 509 | 142 |
**The 2025 Hospital Fee Program was not included in the 2025 Audited Financial Statements because regulatory approval remains pending.
Read more about Sutter’s 2025 financial performance on Vitals.