| Metric | Value ($ M) | vs Q2 FY25 |
|---|---|---|
| Revenue | 8.49 | 8.8% |
| Total Income | 8.49 | 8.8% |
| Expenditure | 7.89 | 7.0% |
| PBT | 0.60 | 27.7% |
| Net Profit | 0.45 | 28.6% |
| OPM | — | |
| NPM | 5.33% | 1.45pp |
| EPS | 0.01 | 0.0% |
Health In Tech Reports Q3 2025 Revenue Up 90% YoY to $8.5 Million
04 May 2026 · 4 May, 7:33 am
Summary
Health In Tech announced its financial results for the third quarter ended September 30, 2025. Total revenues were $8.5 million, up 90% year over year, and the first nine months revenues reached $25.8 million, which is 132% of the full year 2024. Adjusted EBITDA was $1.0 million, a 49% increase year over year, and the first nine months adjusted EBITDA reached $3.8 million, 167% of full year 2024. The company launched large-employer underwriting within eDIYBS, allowing brokers to generate quotes for groups of 150 or more employees in as little as two weeks.
Key Highlights
- 1
Health In Tech's revenue reached $8.5 million, reflecting a 90% increase year over year for the third quarter of 2025.
- 2
The company's nine-month revenue totaled $25.8 million, representing 132% of the full-year 2024 total revenue.
- 3
Adjusted EBITDA for the third quarter was $1.0 million, up 49% year over year.
- 4
The number of billed enrolled employees increased by 7,654 YoY, reaching 25,248.
- 5
The distribution network expanded to 849 partners as of September 30, 2025, marking a 57% YoY increase.
- 6
Pre-tax income for the third quarter was $0.6 million, up 48% YoY.
- 7
Cash balance was $8.0 million as of September 30, 2025.
Management Comments
Tim Johnson
“Our third quarter highlights the accelerating strength of our distribution ecosystem and the solid foundation we’ve built this year. Revenue reached $8.5 million, up 90% year over year, bringing nine-month revenue to $25.8 million—already 132% of full-year 2024 revenue. This growth reflects the continued expansion of our broker, TPA, and agency network, which is now translating directly into sustained revenue momentum as our technology gains adoption across new distribution channels.” “In September, we launched large-employer underwriting within eDIYBS, allowing brokers to generate quotes for groups of 150 or more employees in as little as two weeks—versus the industry timeline of often three months. This capability is a significant milestone, extending the speed and scalability of our small-business underwriting into the mid- and large-employer market. It marks a major step forward in how health plans are designed, quoted, and delivered at scale.” “We also remain focused on solving one of the most costly inefficiencies in U.S. healthcare—claims administration, which costs the industry more than $300 billion annually. Our non-binding LOI with AlphaTON Capital marks a strategic step toward exploring blockchain-enabled solutions that can modernize this process. Together with AlphaTON and Brittany Kaiser’s leadership in blockchain ethics and policy, we’re developing HITChain—a decentralized, verifiable claims infrastructure designed to compress processing timelines, eliminate duplication, lower costs, and create a transparent system of record for all stakeholders. By combining insurance domain expertise with blockchain innovation, we’re seeking to position Health In Tech at the frontier of decentralized healthcare infrastructure—a market opportunity of substantial scale and long-term impact.”
Julia Qian
“We delivered another quarter of strong financial performance,” said Julia Qian, CFO of Health In Tech. “Revenue grew 90% year over year and profit increased 48%, reflecting both operational strength and disciplined execution. We continue to balance growth with strategic investments in technology and enhanced platform capabilities—initiatives that reinforce our leadership position and support sustainable long-term performance.”
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