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CareRx (CRRX) investor relations material
CareRx Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary4 Nov, 2025
Executive summary
Q3 2025 revenue reached CAD 93.2 million, with adjusted EBITDA of CAD 8.3 million and net income of CAD 1.6 million, marking the third consecutive quarter of positive net income.
Average beds serviced increased to 91,298, up from 89,099 in Q3 2024 and 90,048 in Q2 2025, reflecting ongoing expansion.
Adjusted EBITDA margin improved to 9.0% from 8.4% year-over-year and 8.8% sequentially.
Continued focus on innovative pharmacy services, strong government and industry partnerships, and readiness to grow with the sector.
Financial highlights
Revenue was CAD 93.2 million, up from CAD 92.8 million year-over-year and CAD 91.4 million sequentially.
Adjusted EBITDA rose to CAD 8.3 million, up from CAD 7.8 million year-over-year, with margin expanding to 9%.
Net income improved to CAD 1.6 million from a net loss of CAD 360,000 in Q3 2024 and CAD 561,000 last quarter.
Cash from operations was CAD 10.1 million, down from CAD 12.2 million year-over-year but up from CAD 3.8 million sequentially.
Cash at quarter-end was CAD 15.5 million, with net debt reduced to CAD 28.8 million and net debt/Adjusted EBITDA at 0.9x.
Outlook and guidance
Confident in achieving 6,000–8,000 new beds added for the year, with 4,200 already added year-to-date and additional wins expected.
Targeting double-digit EBITDA margin as efficiency initiatives mature, particularly with the Burnaby facility.
Organic growth pipeline remains robust, with similar bed growth targets for next year and tailwinds from new long-term care developments.
Management highlighted ongoing cost savings initiatives and onboarding of new beds as drivers for improved margins and profitability.
Flexible capital allocation strategy balances growth investments and shareholder returns.
How will the NCIB impact share count going forward?
Future Net Debt to Adjusted EBITDA targets?
What specific tech investments drive bed growth?
Quantify 2026 bed adds from home operator M&A
Hub-and-spoke impact on future margins
How does strong balance sheet impact M&A strategy?
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Q4 20256 Mar, 2026
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Frequently asked questions
CareRx Corporation is a healthcare services company specializing in providing pharmacy services to seniors and other individuals in long-term care, retirement homes, and assisted living facilities. The company offers medication management, clinical support, and specialized pharmacy services tailored to meet the needs of aging populations. CareRx partners with long-term care facilities and healthcare providers to ensure safe and efficient medication distribution, aiming to enhance patient care and health outcomes. The company is headquartered in Toronto, Canada, and its shares are listed on the TSX.
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