Strong Revenue Growth
Revenue reached $8.5 million for the quarter, representing a 90% increase year-over-year. The 9-month revenue totaled $25.8 million, compared to $19.5 million for the full year of 2024.
Expansion of Distribution Network
The number of brokers, TPAs, and agencies grew to 849 partners, up 57% year-over-year, boosting the adoption of the eDIYBS platform.
Launch of Large Employer Underwriting Capability
Completed beta testing and officially launched the large employer underwriting capability with the enhanced eDIYBS platform, enabling brokers to generate bindable quotes in two weeks for groups of 150 or more employees.
Adjusted EBITDA Growth
Adjusted EBITDA for the quarter was $1 million, up 49% year-over-year. For the first 9 months, adjusted EBITDA reached $3.8 million, or 167% of the full year 2024 total.
3-Year Rate Hold Program
Testing a new program offering a 3-year rate hold, providing predictable, stable pricing for employers with 150+ employees, expected to launch in Q1 2026.
HITChain Blockchain Initiative
Announced a nonbinding letter of intent with AlphaTON Capital Corp. to co-develop HITChain, a blockchain-enabled platform aimed at claims processing efficiency and transparency.
InsurTech Summit at Davos
Health In Tech will host the InsurTech Summit at Davos during the World Economic Forum week in January 2026, enhancing visibility and industry influence.