Significant Revenue Growth
Health in Tech reported $9.3 million in total revenue for Q2 2025, an 86% year-over-year increase. The first half revenues of $17.3 million represent 89% of the entire 2024 fiscal year total.
Expansion of Distribution Network
The company expanded its distribution network to 778 partners, an 87% increase year-over-year, enhancing market reach and customer value.
Increase in Billed Enrolled Employees
There was a 30% increase in billed enrolled employees, now at 24,839, indicating deep adoption across the growing network.
Strategic Partnerships and New Product Development
New partnerships with firms like Vertigard and Unified Health Plans, and upcoming product launches, including the enhanced eDiP platform and new offerings expected to be beta tested by the end of Q3.
Improved Profitability Metrics
Adjusted EBITDA for the first quarter was $1.6 million, a 134% increase year-over-year, and for the first half-year, it reached $2.8 million, demonstrating effective cost management.
Positive Cash Flow and Strong Financial Health
Generated $1.5 million positive cash flow from operating activities in Q2, ending the quarter with $8.1 million in cash.