Core Insights - Health In Tech reported strong financial growth in Q2 2025, with total revenue of $9.3 million, representing an 86% year-over-year increase, and first-half revenues of $17.3 million, which is 89% of the full-year 2024 total [3][8][27] - The company expanded its distribution network to 778 partners, an increase of 87% year-over-year, indicating a strategic shift beyond traditional broker channels [3][8] - Adjusted EBITDA for Q2 was $1.6 million, up 134% year-over-year, with first-half adjusted EBITDA reaching $2.8 million, which is 1.2 times the full-year 2024 result [3][8][27] Financial Highlights - Total revenue for Q2 2025 was $9.3 million, up 86% from $5.0 million in Q2 2024 [27] - First-half revenue totaled $17.3 million, a 71.1% increase from $10.1 million in the same period of 2024 [27] - Adjusted EBITDA for Q2 was $1.6 million, a 134.3% increase from $0.7 million in Q2 2024 [27] - First-half adjusted EBITDA reached $2.8 million, up 146% from $1.1 million in the first half of 2024 [27] - The cash balance as of June 30, 2025, was $8.1 million [8] Business Developments - Health In Tech has established partnerships with various third-party administrators (TPAs) and healthcare benefit providers, enhancing its service offerings and market reach [3][9] - The company is focusing on integrating healthcare insurance with existing services provided by partners, which is expected to improve service delivery for small business employers [3][9] - The number of billed enrolled employees increased by 5,738 year-over-year, totaling 24,839 [8] Operational Efficiency - The company maintained a pretax income margin of 8.8% of revenue, reflecting a nearly 300 basis point improvement year-over-year [3][8] - Health In Tech's strategic focus on technology-driven solutions and partnerships is aimed at reducing costs and improving care quality for small businesses [9]
Health In Tech Announces Second Quarter 2025 Financial Results