NORTHERN CALIF.— Sutter Health’s audited financial statements for 2025 show 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.

“As a not-for-profit health system, our financial strength enables our ability to reinvest in care advancements and expand access for the patients and communities we serve. We opened 31 new care sites and added more than 1,100 physicians this past year alone to ensure more people can get the care they need, when and where they need it,” said Sutter Health President and CEO Warner Thomas. “We’re focused on building a connected, comprehensive model of care that surrounds and supports every patient for every part of their health care experience.”

Strengthening Health Care Access Statewide 

Sutter continues building on the momentum that started upon Thomas’ arrival in 2022 to expand clinical capacity and break 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%.

Sustained Not-for-Profit Commitment to Community Investment 

Sutter Health invests deeply in the communities it serves to help close health care gaps and improve individual and community wellness. Sutter’s investments in community benefit programs and services increased to nearly $1.2 billion in 2025, including $101 million in traditional charity care, $830 million in unreimbursed costs of providing care to Medi-Cal patients, $101 million in training, education and development of future health care professionals, as well as investments in programs to address identified community health needs. Sutter continues to hone its focus to address pressing community health matters in three main priority areas: workforce development, chronic disease prevention, and access to mental health care services and substance use treatment.  

Driving Economic Impact

Sutter’s financial stability helps fuel the health system’s impact beyond health care delivery. It also serves as an economic multiplier. The organization supports tens of thousands of jobs, generating direct and indirect economic output, and sustaining workforce investments that define Sutter as a responsible employer.

According to a recently completed Economic Impact Report in partnership with Ernst & Young, across Sutter’s footprint in 2024, it directly and indirectly supported 142,000 jobs and spent $6.5 billion in non-payroll purchases to operate facilities. The health system also invested more than $10 billion in total compensation for employees, including competitive wages and benefits; as well as compensation for non-employed physicians for services provided across the system through professional services agreements. These expenses increased in 2025, with Sutter spending $8.8 billion on employee salaries and benefits, and $3 billion on non-employed physician compensation.

Sutter Health and Affiliates – 2025 Financial Results: 

** The 2025 Hospital Fee Program was not included in the 2025 Audited Financial Statements because regulatory approval remains pending.