GRDN on NYSE

Guardian Pharmacy Services, Inc.

American Retail-Drug Stores and Proprietary Stores company1

In its 2026 annual report the company says: “We are a leading, highly differentiated pharmacy services company that provides an extensive suite of technology-enabled services designed to help residents of LTCFs adhere to their appropriate drug regimen, which in turn helps reduce the cost of care and improve clinical outcomes.”5 It is headquartered in Atlanta, Georgia.1 Its shares trade on NYSE under the symbol GRDN.1

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Last updated Oct 21, 2026.

Overview

$1.4BRevenue, fiscal 20252
$49.2MNet income, fiscal 20252

Compare with 111, Inc., PetMed Express or Ridgetech Inc., or pick any stock.

  • TickerGRDN on NYSE1
  • IndustryRetail-Drug Stores and Proprietary Stores1
  • HeadquartersAtlanta, Georgia1
  • Incorporated inGA3
  • Business address300 Galleria Parkway Se, Suite 800, Atlanta, Ga 303393
  • Filer categoryAccelerated filer3

We are a leading, highly differentiated pharmacy services company that provides an extensive suite of technology-enabled services designed to help residents of LTCFs adhere to their appropriate drug regimen, which in turn helps reduce the cost of care and improve clinical outcomes. We emphasize high-touch, individualized clinical, drug dispensing and administration capabilities that are tailored to serve the needs of residents in historically lower acuity LTCFs, such as assisted living facilities (“ALFs”), and behavioral health facilities and group homes (collectively “BHFs”). More than two-thirds of our annual revenue for each of the past three years has been generated from residents of ALFs and BHFs, which are our target markets, while the remainder has been generated primarily from residents of skilled nursing facilities (“SNFs”). Additionally, our robust suite of capabilities enables…5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

20.2%Gross margin2
5.0%Operating margin2
3.4%Net margin2
17.9%Revenue growth, 20252
22.6%Return on equity2
0.00×Debt to equity2

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue80¢$1.2B
  • Selling, general and admin15¢$220.0M
  • Income tax2¢$24.5M
  • Profit3¢$49.2M

Out of $1.4B in revenue.2

Where each dollar of operating cash went, fiscal 2025

  • Kept or used elsewhere100¢$100.3M

Out of $100.3M of cash from operations.2

Financial statements

Revenue2$1.4B in 2025+18% since 2024
0$500.0M$1.0B$1.5B2024: $1.2B$1.2B20242025: $1.4B$1.4B2025+18%
Gross profit2$292.7M in 2025+20% since 2024
0$100.0M$200.0M$300.0M2024: $244.4M$244.4M20242025: $292.7M$292.7M2025+20%
Operating income2$72.7M in 2025
-$100.0M-$50.0M0$50.0M$100.0M2024: -$62.9M-$62.9M20242025: $72.7M$72.7M2025
Net income2$49.2M in 2025
-$150.0M-$100.0M-$50.0M0$50.0M2024: -$110.0M-$110.0M20242025: $49.2M$49.2M2025

Every line of the income statement as filed: the last 2 fiscal years, latest first.2

Period ending2025-12-312024-12-31
Revenues$1.4B$1.2B
Cost of goods sold$1.2B$984.0M
Gross profit$292.7M$244.4M
Selling, general, and administrative expenses$220.0M$307.3M
Operating income (loss)$72.7M-$62.9M
Interest expense$665.0K$3.3M
Other expense (income), net-$1.4M$279.0K
Total other expenses (income)-$722.0K$3.6M
Income (loss) before income taxes$73.4M-$66.5M
Provision for income taxes$24.5M$4.6M
Net income (loss)$49.0M-$71.0M
Less net income attributable to Guardian Pharmacy, LLC prior to the Corporate Reorganization$0$22.8M
Less net income (loss) attributable to non-controlling interests-$261.0K$16.3M
Net income (loss) attributable to Guardian Pharmacy Services, Inc.$49.2M-$110.0M

Compare Guardian Pharmacy Services, Inc. with another company

Corporate structure

Guardian Pharmacy Services, Inc. sits at the top of its group. 55 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Guardian Pharmacy Services, Inc.

  • Bindley Capital Partners I, LLC Filed SCHEDULE 13D/A on Guardian Pharmacy Services, Inc., latest Sep 28, 2026 (5 filings since Feb 3, 2025)
  • FMR LLC Filed SCHEDULE 13G on Guardian Pharmacy Services, Inc., latest May 6, 2026
  • BROWN ADVISORY INC Filed SCHEDULE 13G/A on Guardian Pharmacy Services, Inc., latest Feb 13, 2026 (4 filings since Dec 6, 2024)
  • Wellington Management Company Filed SCHEDULE 13G/A on Guardian Pharmacy Services, Inc., latest Feb 10, 2026 (6 filings since Nov 8, 2024)
  • BlackRock Filed SCHEDULE 13G/A on Guardian Pharmacy Services, Inc., latest Jan 21, 2026 (4 filings since Feb 4, 2025)
  • J. Goldman & Co LP Filed SCHEDULE 13G/A on Guardian Pharmacy Services, Inc., latest Nov 14, 2025 (2 filings since Nov 14, 2024)
  • Clearbridge Investments, LLC Filed SCHEDULE 13G/A on Guardian Pharmacy Services, Inc., latest Aug 5, 2025 (3 filings since Oct 31, 2024)
  • Franklin Templeton Investments Filed SCHEDULE 13G/A on Guardian Pharmacy Services, Inc., latest Aug 5, 2025 (3 filings since Oct 31, 2024)
  • VANGUARD GROUP INC Filed SCHEDULE 13G/A on Guardian Pharmacy Services, Inc., latest Jul 29, 2025 (2 filings since Jan 30, 2025)
  • Nuveen Asset Management, LLC Filed SCHEDULE 13G/A on Guardian Pharmacy Services, Inc., latest Jun 6, 2025 (2 filings since Nov 14, 2024)
  • TEACHERS ADVISORS, LLC Filed SCHEDULE 13G/A on Guardian Pharmacy Services, Inc., latest Jun 6, 2025
  • TIAA CREF INVESTMENT MANAGEMENT LLC Filed SCHEDULE 13G/A on Guardian Pharmacy Services, Inc., latest Jun 6, 2025 (2 filings since Nov 14, 2024)
  • Guardian Pharmacy Services, Inc. Atlanta, Georgia
    • 1. Guardian Pharmacy of Arizona, LLC Subsidiary · Indiana, United States
    • 10. Guardian Pharmacy of Eastern NC, LLC Subsidiary · Georgia, United States
    • 11. Guardian Pharmacy of Grand Island, LLC Subsidiary · Georgia, United States
    • 12. Guardian Pharmacy of Grand Rapids, LLC Subsidiary · Georgia, United States
    • 13. Guardian Pharmacy of Idaho Falls, LLC Subsidiary · Georgia, United States
    • 14. Guardian Pharmacy of Indianapolis LTC, LLC Subsidiary · Georgia, United States
    • 15. Guardian Pharmacy of Indianapolis Nuclear, LLC Subsidiary · Georgia, United States
    • 16. Guardian Pharmacy of Iowa, LLC Subsidiary · Georgia, United States
    • 17. Guardian Pharmacy of Jacksonville, LLC Subsidiary · Georgia, United States
    • 18. Guardian Pharmacy of Kansas City, LLC Subsidiary · Georgia, United States
    • 19. Guardian Pharmacy of Kentucky, LLC Subsidiary · Georgia, United States
    • 2. Guardian Pharmacy of Atlanta, LLC Subsidiary · Georgia, United States
    • 20. Guardian Pharmacy of Knoxville, LLC Subsidiary · Georgia, United States
    • 21. Guardian Pharmacy of Madison, LLC Subsidiary · Georgia, United States
    • 22. Guardian Pharmacy of Minneapolis, LLC Subsidiary · Georgia, United States
    • 23. Guardian Pharmacy of Maine, LLC Subsidiary · Georgia, United States
    • 24. Guardian Pharmacy of Minnesota, LLC Subsidiary · Georgia, United States
    • 25. Guardian Pharmacy of Missouri, LLC Subsidiary · Georgia, United States
    • 26. Guardian Pharmacy of Montana, LLC Subsidiary · Georgia, United States
    • 27. Guardian Pharmacy of New Jersey, LLC Subsidiary · Georgia, United States
    • 28. Guardian Pharmacy of Northern Virginia, LLC Subsidiary · Georgia, United States
    • 29. Guardian Pharmacy of NW Florida, LLC Subsidiary · Georgia, United States
    • 3. Guardian Pharmacy of Birmingham, LLC Subsidiary · Georgia, United States
    • 30. Guardian Pharmacy of Oklahoma, LLC Subsidiary · Georgia, United States
    • 31. Guardian Pharmacy of Oklahoma City, LLC Subsidiary · Georgia, United States
    • and 29 more

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Guardian Pharmacy Services, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$143.4M2 Dec 31, 2025$127.9M2 Dec 31, 2024+12.1%
Accumulated depreciation$87.8M2 Dec 31, 2025$78.0M2 Dec 31, 2024+12.7%
Property and equipment, net$55.5M2 Dec 31, 2025$49.9M2 Dec 31, 2024+11.3%
Finance-lease assets$7.2M2 Dec 31, 2025$6.9M2 Dec 31, 2024+5.1%
Operating-lease assets (leased space)$34.6M2 Dec 31, 2025$29.1M2 Dec 31, 2024+19.2%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$65.6M2 Dec 31, 2025$4.7M2 Dec 31, 2024+1308.1%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$79.7M2 Dec 31, 2025$69.3M2 Dec 31, 2024+15.1%
Intangible assets, net (excluding goodwill)$18.5M2 Dec 31, 2025$14.9M2 Dec 31, 2024+23.9%
Finite-lived intangibles, gross$62.9M2 Dec 31, 2025$55.7M2 Dec 31, 2024+13.0%
Accumulated amortization-$44.4M2 Dec 31, 2025-$40.8M2 Dec 31, 2024−9.0%
Finite-lived intangibles, net$18.5M2 Dec 31, 2025$14.9M2 Dec 31, 2024+23.9%

Inventory

ItemLatestA year beforeChange
Inventory, total$43.4M2 Dec 31, 2025$40.5M2 Dec 31, 2024+6.9%

Properties, in its own words

Our corporate headquarters occupy approximately 25,000 square feet in Atlanta, Georgia, under a lease that expires on October 31, 2030. We use this space for administration, sales, marketing, data analytics, and customer support. We have 65 additional leases in place for our local pharmacy operations and warehousing pharmaceuticals, totaling approximately 780,000 square feet.

Item 2 of the 10-K filed Mar 11, 2026.5

Leadership

Who has led Guardian Pharmacy Services, Inc., and when. Pick a name to see everywhere that person has worked.

Board members and other officers (17)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • 1. Guardian Pharmacy of Arizona, LLC Indiana4
  • 10. Guardian Pharmacy of Eastern NC, LLC Georgia4
  • 11. Guardian Pharmacy of Grand Island, LLC Georgia4
  • 12. Guardian Pharmacy of Grand Rapids, LLC Georgia4
  • 13. Guardian Pharmacy of Idaho Falls, LLC Georgia4
  • 14. Guardian Pharmacy of Indianapolis LTC, LLC Georgia4
  • 15. Guardian Pharmacy of Indianapolis Nuclear, LLC Georgia4
  • 16. Guardian Pharmacy of Iowa, LLC Georgia4
  • 17. Guardian Pharmacy of Jacksonville, LLC Georgia4
  • 18. Guardian Pharmacy of Kansas City, LLC Georgia4
  • 19. Guardian Pharmacy of Kentucky, LLC Georgia4
  • 2. Guardian Pharmacy of Atlanta, LLC Georgia4
  • 20. Guardian Pharmacy of Knoxville, LLC Georgia4
  • 21. Guardian Pharmacy of Madison, LLC Georgia4
  • 22. Guardian Pharmacy of Minneapolis, LLC Georgia4
  • 23. Guardian Pharmacy of Maine, LLC Georgia4
  • 24. Guardian Pharmacy of Minnesota, LLC Georgia4
  • 25. Guardian Pharmacy of Missouri, LLC Georgia4
  • 26. Guardian Pharmacy of Montana, LLC Georgia4
  • 27. Guardian Pharmacy of New Jersey, LLC Georgia4
  • 28. Guardian Pharmacy of Northern Virginia, LLC Georgia4
  • 29. Guardian Pharmacy of NW Florida, LLC Georgia4
  • 3. Guardian Pharmacy of Birmingham, LLC Georgia4
  • 30. Guardian Pharmacy of Oklahoma, LLC Georgia4
All 54 listed subsidiaries
  • 31. Guardian Pharmacy of Oklahoma City, LLC Georgia4
  • 32. Guardian Pharmacy of Omaha, LLC Georgia4
  • 33. Guardian Pharmacy of Oregon, LLC Georgia4
  • 34. Guardian Pharmacy of Orlando, LLC Georgia4
  • 35. Guardian Pharmacy of Piedmont Carolinas, LLC Georgia4
  • 36. Guardian Pharmacy of South Carolina One, LLC Georgia4
  • 37. Guardian Pharmacy of Southeast Florida, LLC Georgia4
  • 38. Guardian Pharmacy of Southeast Georgia, LLC Georgia4
  • 39. Guardian Pharmacy of Southern California, LLC Georgia4
  • 4. Guardian Pharmacy of Boise, LLC Georgia4
  • 40. Guardian Pharmacy of Southwest Florida, LLC Georgia4
  • 41. Guardian Pharmacy of St. Louis, LLC Georgia4
  • 42. Guardian Pharmacy of Tampa, LLC Georgia4
  • 43. Guardian Pharmacy of Tennessee One, LLC Georgia4
  • 44. Guardian Pharmacy of Tennessee Two, LLC Georgia4
  • 45. Guardian Pharmacy of Tennessee Three, LLC Georgia4
  • 46. Guardian Pharmacy of Texas, LLC Georgia4
  • 47. Guardian Pharmacy of Tucson, LLC Georgia4
  • 48. Guardian Pharmacy of Tulsa, LLC Georgia4
  • 49. Guardian Pharmacy of Utah, LLC Georgia4
  • 5. Guardian Pharmacy of Cincinnati, LLC Georgia4
  • 50. Guardian Pharmacy of Virginia, LLC Georgia4
  • 51. Guardian Pharmacy of Washington, LLC Georgia4
  • 52. Guardian Pharmacy of Wichita, LLC Georgia4
  • 53. Guardian Pharmacy Services Management, LLC Georgia4
  • 54. Guardian Pharmacy, LLC Indiana4
  • 6. Guardian Pharmacy of Colorado, LLC Georgia4
  • 7. Guardian Pharmacy of Columbus, LLC Georgia4
  • 8. Guardian Pharmacy of Daytona, LLC Georgia4
  • 9. Guardian Pharmacy of Denver, LLC Georgia4

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • Guardian Pharmacy, LLCFeb 13, 2020 to Jul 23, 20213

Timeline

  1. Sep 10, 20268-K Other events25
  2. Aug 6, 20268-K Results of operations26
  3. Jun 22, 20268-K Executive or director change; Regulation FD disclosure27
  4. May 28, 20268-K Entered a material agreement; New debt or obligation28
  5. May 7, 20268-K Shareholder vote29
  6. May 6, 20268-K Results of operations30
  7. Mar 23, 20268-K Entered a material agreement; Other events31
  8. Mar 11, 20268-K Results of operations32
  9. Jan 13, 20268-K Results of operations; Regulation FD disclosure33
  10. Nov 10, 20258-K Results of operations34
  11. Oct 14, 20258-K Other events35
  12. Sep 18, 20258-K Regulation FD disclosure36

Calendar

Coming up

  1. Nov 9, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.19 a share, on Nov 10, 2025.37

When it reported results

  1. Aug 6, 2026Reported quarterly or annual results26
  2. May 6, 2026Reported quarterly or annual results30
  3. Mar 11, 2026Reported quarterly or annual results32
  4. Jan 13, 2026Reported quarterly or annual results33
  5. Nov 10, 2025Reported quarterly or annual results34
  6. Aug 11, 2025Reported quarterly or annual results38
  7. May 12, 2025Reported quarterly or annual results39
  8. Mar 26, 2025Reported quarterly or annual results40

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

215 filings to the SEC since October 2021: 2 annual reports, 6 quarterly reports, 24 major events, 101 insider forms, 41 large holders, 41 other. The latest 20:

  1. Sep 28, 20264 EDGAR
  2. Sep 28, 20264 EDGAR
  3. Sep 28, 20264 EDGAR
  4. Sep 28, 20264 EDGAR
  5. Sep 28, 20264 EDGAR
  6. Sep 28, 20264 EDGAR
  7. Sep 28, 20264 EDGAR
  8. Sep 28, 20264 EDGAR
  9. Sep 28, 20264 EDGAR
  10. Sep 28, 20264 EDGAR
  11. Sep 28, 2026SCHEDULE 13D/A EDGAR
  12. Sep 28, 20264 EDGAR
  13. Sep 28, 20264 EDGAR
  14. Sep 28, 20264 EDGAR
  15. Sep 28, 20264 EDGAR
  16. Sep 28, 20264 EDGAR
  17. Sep 28, 20264 EDGAR
  18. Sep 10, 20268-K EDGAR
  19. Aug 6, 202610-Q EDGAR
  20. Aug 6, 20268-K EDGAR

The 215 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

33 open-market trades by officers, directors and large owners since October 2021: 6 buys and 27 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Mar 20, 2026Morris David KSee RemarksSale187,855$29.68$5.6MForm 4
Mar 20, 2026Pharmacy Investors, LLCSale827,636$29.68$24.6MForm 4
Mar 20, 2026Burke FredSee RemarksSale671,432$29.68$19.9MForm 4
Mar 20, 2026Salentine Thomas J JrDirectorSale3,570,677$29.68$106.0MForm 4
Mar 20, 2026Bindley Capital Partners I, LLC10% ownerSale3,570,677$29.68$106.0MForm 4
Mar 20, 2026Ackerman JohnDirectorSale1,103,364$29.68$32.7MForm 4
Mar 20, 2026BINDLEY WILLIAM EDirectorSale3,570,677$29.68$106.0MForm 4
Mar 20, 2026Forbes KendallSale346,672$29.68$10.3MForm 4
Mar 20, 2026Cardinal Equity Fund, L.P.Sale275,728$29.68$8.2MForm 4
Dec 3, 2025COSLER STEVEN DDirectorBuy3,370$29.61$99.8KForm 4
May 28, 2025Cardinal Equity Fund, L.P.Sale50,305$20.16$1.0MForm 4
May 28, 2025Pharmacy Investors, LLCSale150,998$20.16$3.0MForm 4
May 28, 2025BINDLEY WILLIAM EDirectorSale651,454$20.16$13.1MForm 4
May 28, 2025Salentine Thomas J JrDirectorSale651,454$20.16$13.1MForm 4
May 28, 2025Ackerman JohnDirectorSale201,303$20.16$4.1MForm 4
May 28, 2025Morris David KSee RemarksSale68,547$20.16$1.4MForm 4
May 28, 2025Burke FredSee RemarksSale138,705$20.16$2.8MForm 4
May 28, 2025Forbes KendallSale64,991$20.16$1.3MForm 4
May 28, 2025Bindley Capital Partners I, LLC10% ownerSale651,454$20.16$13.1MForm 4
May 27, 2025Cardinal Equity Fund, L.P.Sale270,958$20.16$5.5MForm 4

All 33 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Executive VicePresident and Chief Financial Officer$412.0K$996.7K56
2025Executive Vice PresidentSales & Operations$412.0K$994.7K56
2025President and Chief Executive Officer$463.5K$845.8K56
2024President and Chief Executive Officer$450.0K$766.1K56
2024Executive VicePresident and Chief Financial Officer$400.0K$684.3K56
2024Executive Vice PresidentSales & Operations$400.0K$681.0K56

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Fmr LLC3,241,612$135.7M0.0%+882,255
Wellington Management Group Llp1,729,032$72.4M0.0%−36,087
BlackRock, Inc.1,575,989$66.0M0.0%−180,385
Vanguard Capital Management LLC1,379,750$57.8M0.0%+154,207
Woodline Partners LP1,306,340$54.7M0.2%+22
Valiant Capital Management, L.P.1,186,658$49.7M3.1%No change
Boston Partners983,868$40.8M0.0%−33,815
Franklin Resources Inc966,206$40.5M0.0%+13,254
TimesSquare Capital Management, LLC951,637$39.8M0.6%−125,837
Loomis Sayles & Co L P869,836$36.4M0.0%−61,853
Boone Capital Management LLC711,939$29.8M7.0%+80,746
Geode Capital Management, LLC646,695$27.1M0.0%+87,660
Jennison Associates LLC626,664$26.2M0.0%−196,120
State Street Corp590,114$24.7M0.0%+81,096
Brown Advisory Inc524,013$21.9M0.0%−735,161
Dimensional Fund Advisors LP516,094$21.6M0.0%+307,500
Driehaus Capital Management LLC510,161$21.4M0.1%−78,960
First Trust Advisors LP461,307$19.3M0.0%+367,630
Aristotle Capital Boston, LLC422,427$17.7M1.2%−73,429
Silvercrest Asset Management Group LLC345,229$14.5M0.1%−29,717
Braun Stacey Associates Inc339,947$14.2M0.4%New
Morgan Stanley312,004$13.1M0.0%+195,036
Raymond James Financial Inc307,879$12.9M0.0%+46,860
Royal Bank Of Canada301,400$12.6M0.0%+299,899
Alyeska Investment Group, L.P.275,000$11.5M0.0%No change

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Guardian Pharmacy Services, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARGuardian Pharmacy Services, Inc.1
  • CIK0001802255
  • Employer ID (EIN)87-36271395
  • Filer statusAccelerated filer not an emerging growth company; a smaller reporting company; not a shell company5
  • Incorporated inDelaware5
  • Fiscal year endsDecember 311
  • Industry code (SIC)5912 Retail-Drug Stores and Proprietary Stores1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business address300 Galleria Parkway Se, Suite 800, Atlanta, GA 303391
  • Phone(404) 810-00891
  • Shares outstanding36,253,744 Common Class A shares; 27,066,890 Common Class B shares as of Mar 2, 20265
  • Public float$411.6M as of Jun 30, 20255
  • AuditorErnst & Young LLP, Atlanta, Georgia PCAOB ID 42; it also attests to the company’s internal control over financial reporting5
  • On EDGAR sinceFeb 13, 20201
  • Filings223 in all: 4 (82), 8-K (24), SCHEDULE 13G/A (20), 3 (19), SCHEDULE 13G (9), SC 13G (7), UPLOAD (7), 10-Q (6)1
    All 31 form types

    DRS/A (6), CORRESP (5), DRSLTR (5), SCHEDULE 13D/A (4), 10-K (2), 424B4 (2), 424B5 (2), DEF 14A (2), DEFA14A (2), DRS (2), EFFECT (2), S-1 (2), S-1/A (2), S-8 (2), 424A (1), 424B3 (1), 8-A12B (1), CERT (1), S-1MEF (1), S-3 (1), S-3ASR (1), S-3MEF (1), SCHEDULE 13D (1)

  • Latest filingsAnnual report (10-K) Mar 11, 2026
    Quarterly report (10-Q) Aug 6, 2026
    Proxy statement (DEF 14A) Mar 26, 2026
    Latest 8-K (8-K) Sep 10, 2026

Securities registered for trading

ClassSymbolExchange
Class A Common Stock, par value $0.001 per shareGRDNNYSE

From the cover page of the 10-K filed Mar 11, 2026 (Section 12(b) of the Exchange Act).5

Risk factors and legal proceedings

The risks Guardian Pharmacy Services, Inc. names in Item 1A of its 10-K filed Mar 11, 2026: 42 risks under these headings, as written.5

  • Risks Related to Our Business
  • Intense competition may erode our profit margins.
  • Our prescription volumes may decline, and our operating results may be negatively impacted, if products are withdrawn from the market or if increased safety risk profiles of specific drugs result in utilization decreases.
  • If we lose relationships with one or more pharmaceutical wholesalers or key manufacturers, or if such wholesalers or manufacturers refuse to extend our relationships on the same or similar terms, our business and financial results could be materially and adversely affected.
  • Our operating results may suffer if we fail to maintain certain relationships and contracts with LTCFs we serve.
  • The COVID-19 pandemic negatively impacted LTCFs and harmed our business. Another similar public health crisis, outbreak of infectious disease or national emergency could also have a negative impact on our business.
  • The impact of ongoing healthcare reform efforts on our business cannot accurately be predicted, and continuing government and private efforts to lower pharmaceutical costs, including by capping the prices for certain drugs and by limiting reimbursements, may adversely impact our profitability, results of operations and financial condition.
  • If we fail to comply with Medicare and Medicaid regulations, we may be subjected to reduction in reimbursement, overpayment demands, or loss of eligibility to participate in these programs.
  • Further modifications to the Medicare Part D program may reduce revenue and impose additional costs to the industry.
  • Further consolidation of managed care organizations and other health plan payors, and changes in the terms of our agreements with these parties, may adversely affect our profits.
  • We are highly dependent on our senior management team, our local pharmacy management teams and our pharmacy professionals and the loss of such persons could cause our business to suffer and materially adversely affect our operating results.
  • Continued inflation and increases in labor costs may reduce our profitability.
The other 31 risks
  • Government efforts to combat inflation, along with other interest rate pressures arising from an inflationary economic environment, could lead to us to incur even higher interest rates and financing costs and may reduce our profitability.
  • Labor shortages could harm our ability to implement our growth strategy.
  • If we or the LTCFs we serve fail to comply with state licensure requirements, we could be prevented from providing pharmacy services or be required to make significant changes to our operations.
  • Complex and rapidly evolving laws and regulations could cause us to make significant changes to our operations or incur substantial costs or penalties.
  • If we fail to comply with fraud and abuse laws, false claims provisions or other applicable laws, we may need to curtail operations, and could be subject to significant penalties.
  • Federal and state privacy and security regulations may increase our cost of operations and expose us to civil and criminal sanctions, damages, and penalties.
  • The increasing enforcement environment in the U.S. healthcare industry may negatively impact our business.
  • Adverse results in material litigation matters or governmental inquiries could have a material adverse effect upon our business.
  • Interruptions to our information systems may materially and adversely affect our operating results.
  • Our business success and results of operations depend in part on our ability to use technology effectively in our dispensing of prescriptions, and if we cannot keep pace with technological developments or continue to innovate and provide new programs, products and services, the use of our services and our revenue could decline.
  • Cybersecurity attacks or other data security incidents could disrupt our operations and expose us to regulatory fines or penalties, liability or reputational harm.
  • We could be adversely affected by product liability, product recall, personal injury or other health and safety issues, and our insurance coverage may not be adequate to protect us against all potential risks and claims against us.
  • Supply chain and other manufacturing disruptions or trade policies related to the pharmaceuticals we dispense could adversely impact our business.
  • Acquisitions and strategic alliances that we have made or may make in the future could require significant resources, may be unsuccessful and could expose us to unforeseen liabilities.
  • Some of the pharmaceuticals we dispense are warehoused with a single logistics provider for warehouse and distribution services to our pharmacies, and our business could be harmed if our logistics provider performs poorly, fails to comply with its licensing requirements or is unavailable and we are unable to replace it.
  • We may be exposed to potential liability and reputational harm if LTCF caregivers fail to properly administer the pharmaceuticals we dispense.
  • The misuse or off-label use of the pharmaceuticals we dispense may harm our image in the marketplace, result in injuries that lead to product liability suits or result in costly investigations and sanctions by regulatory bodies if we are deemed to have engaged in the promotion of these uses, any of which could be costly to our business.
  • We may be exposed to potential liability and reputational harm if we make errors in the course of providing medication reconciliation, duplicate therapy resolution, clinical issue resolution and related services.
  • Our future success depends upon our ability to maintain and manage our growth. If we are unable to manage our growth effectively, we may incur unexpected expenses and be unable to meet the demands of our customers and other constituents.
  • Our revenues and volume trends may be adversely affected by certain factors relevant to the markets in which we have pharmacies, including weather conditions and other natural disasters, some of which may not be covered by insurance.
  • Risks Related to Ownership of Our Class A Common Stock
  • The Guardian Founders are able to exercise significant control over us, including through the election of all of our directors.
  • We are a “controlled company” within the meaning of the corporate governance standards of NYSE. As a result, we qualify for exemptions from certain corporate governance standards and you do not have the same protections afforded to stockholders of companies that are subject to such requirements.
  • Our future issuance of Class A common stock, Class B common stock, preferred stock or convertible debt securities could dilute our common stockholders and adversely affect the market value of our Class A common stock.
  • The market price of shares of our Class A common stock has experienced, and may in the future experience, substantial volatility.
  • The requirements of being a public company may strain our resources, divert management’s attention and affect our ability to attract and retain qualified board members.
  • Future sales, or the perception of future sales of Class A common stock, by us or our existing stockholders in the public market could cause the market price for our common stock to decline.
  • If we are unable to implement and maintain effective internal control over financial reporting in the future, investors may lose confidence in the accuracy and completeness of our financial reports and the market price of our Class A common stock may decline.
  • We do not intend to pay any cash dividends on our common stock in the foreseeable future.
  • We are a holding company with no operations of its own and, accordingly, we depend on our subsidiaries for cash to fund our operations and expenses, including future dividend payments, if any.
  • Our certificate of incorporation and bylaws and provisions of Delaware law may discourage or prevent certain strategic transactions, including a takeover of our company, even if such a transaction would be beneficial to our stockholders.
  • Our certificate of incorporation designates the Court of Chancery of the State of Delaware as the exclusive forum for certain litigation that may be initiated by our stockholders and the federal district courts of the United States as the exclusive forum for litigation arising under the Securities Act, which could limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us or our directors, officers or employees.

Legal proceedings

From time to time, we and our pharmacies are involved and will continue to be involved in various claims relating to, and arising out of, our business and our operations. We are not currently aware of any such proceedings or claims that we believe will have, individually or in the aggregate, a material adverse effect on our business, financial condition or results of operations.

The opening of Item 3, Legal Proceedings.5

Sources

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