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CareCloud (MTBC) investor relations material
CareCloud Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Achieved first positive GAAP EPS since IPO, with Q2 2025 net income up 73% year-over-year to $2.9M, supported by AI-driven innovation and disciplined financial management.
Free cash flow for the first half of 2025 was $9.0M, up 85%–102% year-over-year, reflecting strong operational execution.
AI Center of Excellence launched, scaling to 500 team members by year-end, driving product innovation and operational efficiency.
Expanded into new markets, including critical access hospitals, with ONC Health IT certification and new EHR offerings targeting a $1.5B addressable market.
Completed two acquisitions in 2025, expanding specialty AI-powered RCM and audiology billing, funded entirely by free cash flow.
Financial highlights
Q2 2025 GAAP net income was $2.9M, up from $1.7M in Q2 2024; first positive GAAP EPS of $0.04 vs. $(0.14) last year.
Adjusted EBITDA for Q2 2025 was $6.5M, up from $6.4M year-over-year; year-to-date adjusted EBITDA $12.1M, up 20%.
Q2 2025 revenue was $27.4M, with year-to-date revenue $55.0M, both up from prior year.
Free cash flow reached $9.0M year-to-date; cash from operations $12.5M for six months ended June 30, 2025.
Preferred stock dividends paid monthly from internally generated free cash flow throughout 2025.
Outlook and guidance
Reaffirmed full-year 2025 guidance: revenue $111M–$114M, adjusted EBITDA $26M–$28M, GAAP EPS $0.10–$0.13.
Expect Q3 and Q4 to mirror last year with modest increases; anticipate continued positive EPS and strong free cash flow.
Revenue guidance based on existing clients, organic growth, and anticipated small acquisitions.
Free cash flow for 2025 expected to meet or exceed 2024 despite increased AI investment.
Management expects continued profitability and sufficient liquidity for the next twelve months.
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