Quarterly ResultMay 7, 2026, 04:10 PM
JOINT Corp Q1 Revenue +13% to $14.8M; Net Income +34%
AI Summary
JOINT Corp reported mixed financial results for Q1 2026, with revenues increasing 13% to $14.8 million and consolidated net income rising 34% to $1.3 million. However, system-wide sales and comparable sales both declined. The company also announced a waiver and fourth amendment to its credit agreement, addressing a covenant default and extending the revolving credit maturity to August 31, 2029. Additionally, JOINT Corp continued its refranchising strategy, agreeing to sell 45 company-owned clinics for $2.3 million, and reiterated its 2026 financial guidance.
Key Highlights
- Q1 2026 revenue grew 13% year-over-year to $14.8 million.
- Consolidated net income increased 34% to $1.3 million in Q1 2026.
- Consolidated Adjusted EBITDA rose 22% to $3.5 million for Q1 2026.
- System-wide sales declined 4.9% to $126.1 million; comparable sales decreased 4.2%.
- Credit agreement amended to waive a fixed charge coverage ratio covenant default and extend maturity to August 31, 2029.
- Repurchased 137,000 shares for $1.1 million at an average of $8.35 per share.
- Signed agreement to sell 45 company-owned clinics for $2.3 million, effectively completing refranchising efforts.
- Reiterated 2026 guidance: system-wide sales $519M-$552M, Adjusted EBITDA $12.5M-$13.5M.