New York City-based Mount Sinai Health System reported an operating income of $36.6 million (0.3% operating margin) in 2025, up from an operating loss of $265.4 million (-2.2% margin) in 2024, according to its April 27 financial report.
Six things to know:
1. Mount Sinai reported total operating revenue of $12.8 billion for the 12 months ended Dec. 31, a 7.7% increase year over year. Patient service revenue increased 5.8% to $9.2 billion. Other revenue increased 12.6% to $3.6 billion.
2. The system’s other revenue includes pharmacy sales, which increased 28% year over year to $1.1 billion.
3. Total operating expenses were $12.7 billion in 2025, a 5% increase year over year. Salaries, wages and benefits totaled $7.7 billion, a 3.1% increase. Supplies and other expenses increased 9.3% to $4.4 billion.
4. Mount Sinai closed its Beth Israel hospital on April 9, after first announcing plans to shutter the facility in September 2023. Health system officials had said that the hospital had lost more than $1 billion over the past 10 years.
5. As of Dec. 31, Mount Sinai had a long-term debt of $3.4 billion, down from $3.5 billion on the same date in 2024. The system had total assets of $14.2 billion as of Dec. 31, up from $14.1 billion.
6. The health system reported net income of $259.8 million in 2025, up from $86.5 million in 2024.
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