| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 100.17M | 38.97M | 7.32M | 10.42M | 47.82M | 38.57M |
| Gross Profit | 18.79M | 17.32M | 1.26M | 3.71M | 15.01M | 64.22M |
| EBITDA | -20.14M | -18.42M | -16.11M | -13.94M | -11.44M | 2.11M |
| Net Income | -59.22M | -26.29M | -31.60M | -21.09M | -15.67M | -1.03M |
Balance Sheet | ||||||
| Total Assets | 309.79M | 125.53M | 53.70M | 45.63M | 60.89M | 22.36M |
| Cash, Cash Equivalents and Short-Term Investments | 15.61M | 9.68M | 19.16M | 1.80M | 7.68M | 1.27M |
| Total Debt | 88.49M | 22.20M | 20.93M | 17.42M | 14.35M | 15.04M |
| Total Liabilities | 185.66M | 51.86M | 32.23M | 32.13M | 31.14M | 22.12M |
| Stockholders Equity | 120.31M | 63.89M | 12.65M | 11.78M | 28.03M | 114.00K |
Cash Flow | ||||||
| Free Cash Flow | -25.22M | -23.93M | -10.86M | -9.49M | -9.47M | 3.99M |
| Operating Cash Flow | -23.57M | -22.62M | -10.80M | -8.35M | -7.10M | 4.22M |
| Investing Cash Flow | -74.60M | -15.37M | 1.35M | -1.17M | -8.64M | -234.00K |
| Financing Cash Flow | 98.34M | 28.24M | 27.20M | 3.78M | 21.99M | -4.22M |
HEALWELL AI Inc. reported a significant increase in revenue for Q3 2025, driven by the acquisition of Orion Health and strategic divestments that sharpen its focus on AI and SaaS healthcare solutions. The company achieved a 354% year-over-year revenue growth and marked its second consecutive quarter of positive Adjusted EBITDA, highlighting improved financial performance and execution of its growth strategy. HEALWELL’s full ownership of Pentavere Research Group and strategic collaborations in the Middle East are set to enhance its AI segment, positioning it as a leading player in the global healthcare market.
HEALWELL AI has announced a series of strategic divestments and partnerships to focus on its core business of healthcare AI and SaaS services. The company has sold its Polyclinic Family Medicine and Specialty Group of Clinics to WELL Health Clinic Network Inc. and its interest in Mutuo Health Solutions Inc. to WELLSTAR Technologies Corp. Additionally, HEALWELL has formed a joint venture with WELL Health Technologies Corp. for clinical research. These transactions allow HEALWELL to streamline operations, enhance its focus on high-growth AI and software initiatives, and strengthen its financial position by adding approximately $9.4 million in cash.
HEALWELL AI and its subsidiary Orion Health have signed a Memorandum of Understanding with Lean Business Services to explore the development and commercialization of AI-driven healthcare solutions in the Middle East and global markets. This collaboration aims to leverage HEALWELL’s AI capabilities, Orion Health’s interoperability expertise, and Lean’s market leadership in Saudi Arabia to improve population health outcomes and accelerate AI adoption in clinical workflows, aligning with Saudi Arabia’s Vision 2030 healthcare objectives.
HEALWELL AI announced it will release its Fiscal Third Quarter 2025 financial results on November 6, 2025, followed by a conference call and webcast on November 7, 2025. This announcement is significant for stakeholders as it provides insights into the company’s financial health and operational progress, potentially impacting its market positioning and investor confidence.
HEALWELL AI Inc. has filed an amended business acquisition report for its acquisition of Orion Health Holdings Limited, initially closed on April 1, 2025. The amendment updates the audit report to comply with International Standards on Auditing (ISA), replacing the previous compliance with ISA (New Zealand). This change was made following a review by the Ontario Securities Commission, ensuring the audit report aligns with ISA requirements and includes additional auditor responsibilities disclosure.
HEALWELL AI recently completed a week-long series of business development and investor awareness activities in the UK, highlighting its AI-driven preventative healthcare solutions. The company engaged with prospective investors, partners, and acquisition targets, and hosted an exclusive event in London attended by healthcare leaders and financial institutions. The discussions emphasized the integration of AI into global healthcare systems, showcasing HEALWELL’s role as a key data science vendor for the UK NHS. The event reinforced the alignment between AI innovation and healthcare investment, and highlighted opportunities for HEALWELL to expand its presence in the UK market, leveraging its acquisition of Orion Health to accelerate growth.
HEALWELL AI, in collaboration with Takeda Pharmaceutical, has demonstrated a groundbreaking use of its DARWEN™ AI platform to generate regulatory-grade real-world data on vedolizumab dose escalation for ulcerative colitis and Crohn’s disease. This achievement, presented at the United European Gastroenterology Week, highlights the platform’s potential to enhance patient outcomes and drive pharmaceutical advancements, further solidifying HEALWELL’s position as a leader in healthcare AI.
HEALWELL AI has announced the global launch of AmadeusAI, an AI-enabled digital care record, following its integration with DARWEN™ AI and the acquisition of Orion Health. This launch introduces the SMARTSuite of AI tools, including SMARTSearch, SMARTSummary, and SMARTIdentify, which streamline clinical workflows, enhance patient data synthesis, and support proactive care planning. The integration aims to empower healthcare providers with advanced capabilities for analyzing clinical data, identifying at-risk patients, and improving population health management, ultimately enhancing the efficiency and effectiveness of healthcare delivery.
HEALWELL AI’s subsidiary, Intrahealth Systems Limited, has been selected by Public Health Sudbury & Districts to implement its Profile EMR platform. This initiative aims to modernize digital infrastructure, improve efficiency, and enhance public health services across various programs, including infectious disease control, sexual health, and environmental health. The deployment of Profile is expected to strengthen community health outcomes by enabling data-driven decision-making and increasing accessibility through digital portals and telemedicine.