Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
---|---|---|---|---|---|---|
Income Statement | ||||||
Total Revenue | 87.98M | 51.90M | 117.70M | 101.25M | 80.01M | 58.68M |
Gross Profit | 75.83M | 40.38M | 107.15M | 92.08M | 72.68M | 52.18M |
EBITDA | -162.81K | 2.98M | 9.14M | 7.89M | 10.07M | 8.18M |
Net Income | -8.68M | -8.53M | -9.75M | 626.71K | 7.57M | 13.17M |
Balance Sheet | ||||||
Total Assets | 77.19M | 80.42M | 87.15M | 91.94M | 84.04M | 65.73M |
Cash, Cash Equivalents and Short-Term Investments | 21.92M | 25.05M | 18.15M | 9.75M | 19.53M | 20.55M |
Total Debt | 2.25M | 448.29K | 2.86M | 26.06M | 23.62M | 18.48M |
Total Liabilities | 57.26M | 62.48M | 62.38M | 60.90M | 56.75M | 44.75M |
Stockholders Equity | 19.91M | 17.92M | 24.75M | 32.37M | 29.54M | 20.75M |
Cash Flow | ||||||
Free Cash Flow | 1.78M | 8.23M | 9.68M | 2.31M | 6.85M | 6.99M |
Operating Cash Flow | 2.90M | 9.42M | 14.68M | 11.08M | 15.23M | 11.18M |
Investing Cash Flow | -578.01K | -631.55K | -6.19M | -20.78M | -14.14M | -4.60M |
Financing Cash Flow | 904.66K | -2.00M | 174.12K | 328.61K | -2.00M | 5.60M |
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
---|---|---|---|---|---|---|---|
72 Outperform | $1.51B | 58.68 | 3.50% | ― | 51.97% | -64.10% | |
71 Outperform | $1.28B | 36.75 | 7.02% | 2.12% | 16.24% | 116.58% | |
69 Neutral | $1.73B | 16.61 | 10.65% | 2.21% | 25.19% | 13.44% | |
55 Neutral | $326.33M | ― | -535.24% | ― | 17.53% | 14.49% | |
52 Neutral | $166.94M | ― | -16.16% | ― | -40.65% | 85.56% | |
51 Neutral | $7.83B | -0.18 | -40.10% | 2.29% | 21.46% | -2.03% | |
41 Neutral | $8.29M | ― | -951.52% | ― | -0.70% | -2.38% |
Joint company announced the resignation of its Chief Financial Officer, Mr. Singleton, effective June 9, 2025. A separation agreement was established on August 22, 2025, which includes a general release of all claims. If Mr. Singleton does not revoke the agreement, he will receive separation benefits including cash payments and COBRA coverage. The agreement outlines the treatment of his equity awards, which will not receive accelerated vesting.
The Joint Corp. reported its second quarter 2025 financial results, highlighting a 5% revenue growth to $13.3 million and a significant improvement in net income from a loss of $3.6 million in Q2 2024 to a profit of $93,000. The company refranchised 37 clinics, acquired rights to the Northwest regional developer territory, and increased its franchised clinics to 92% of its portfolio. The company is focusing on enhancing its brand campaign and improving its marketing infrastructure to drive long-term sales, while also planning nominal price increases to balance affordability and patient value.
On June 30, 2025, The Joint Corp. completed the sale of 31 company-owned clinics in Arizona and New Mexico to Joint Ventures, LLC for $8.3 million and acquired regional developer rights in the Northwest Region. This transaction is part of The Joint Corp.’s strategy to strengthen and simplify its business by transferring clinics to proven franchise operators, while acquiring regional developer rights to reduce commission obligations and increase operating margins, thus enhancing value for stakeholders.
On June 23, 2025, The Joint Corp. entered into an Asset Purchase Agreement with Joint Ventures, LLC to sell 31 company-owned clinics in Arizona and New Mexico for $11.07 million. This transaction, expected to close by June 30, 2025, also involves acquiring regional developer rights in the Northwest Region, which includes 46 existing franchised clinics and 30 future development sites. Additionally, The Joint Corp. refranchised five clinics in Kansas and Missouri to Chiro 93, LLC. These strategic moves aim to enhance The Joint’s profitability and solidify its position as the largest pure play chiropractic care franchise system.
On June 10, 2025, The Joint Corp. announced the appointment of Scott J. Bowman as its new Chief Financial Officer, succeeding Jake Singleton. Bowman, who brings over 30 years of experience in finance, has previously served as CFO at several public companies, including Leslie’s, Inc. and Dave & Buster’s. His expertise in capital markets and strategic planning is expected to support The Joint Corp.’s strategy to reignite growth and improve profitability. The company aims to transform into a pure play franchisor and enhance its position as a leading health and wellness services provider in the U.S.
On June 3, 2025, The Joint Corp.’s Board of Directors expanded its size and appointed Sandi Karrmann as a new director, who will also serve as Chair of the Compensation Committee. Karrmann, with extensive experience in human resources and healthcare, is expected to contribute to the company’s strategic goals of enhancing talent and culture to boost growth and profitability. Additionally, the Board approved a stock repurchase plan to buy back up to $5 million of common stock by June 2027, aiming to optimize capital structure and enhance shareholder value.