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CareRx (CRRX) investor relations material

CareRx Q2 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q2 2025 earnings summary31 Jul, 2025

Executive summary

  • Revenue reached $91.4 million in Q2 2025, with adjusted EBITDA of $8.0 million and net income of $0.6 million, reversing a prior year net loss.

  • 3,000 new beds were fully onboarded, with full revenue impact expected in Q3; average beds serviced was 90,048, up 2.7% from Q1.

  • Management realigned the executive team, introducing a Chief Clinical Officer and other new appointments to support strategic priorities.

  • Growth outlook is supported by new bed additions, operational discipline, and a robust sales pipeline.

Financial highlights

  • Revenue increased to $91.4 million from $89.6 million in Q1 2025; year-over-year revenue was flat to slightly down.

  • Adjusted EBITDA rose to $8.0 million, up from $7.8 million in Q1 2025 and $7.5 million in Q2 2024; margin improved to 8.8%.

  • Net income turned positive at $0.6 million, compared to a net loss of $1.4 million last year and $0.2 million in Q1.

  • Cash at June 30 was $8.7 million, down from $11.2 million in Q1; net debt increased to $34.8 million.

  • Ending bed count was 91,062 at quarter end.

Outlook and guidance

  • Full revenue contribution from 3,000 new beds expected in Q3; organic bed growth target for 2025 is 6,000–8,000 beds.

  • Management targets double-digit adjusted EBITDA margin by year-end, with improvements from bed growth and operational efficiencies.

  • No significant revenue per bed changes expected in 2025; next major drug impact anticipated in Q2 2026.

  • Sales pipeline remains robust, with ongoing expansion by national and regional customers.

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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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