CareRx
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CareRx (CRRX) investor relations material

CareRx Q3 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2026 earnings summary5 Nov, 2026

Executive summary

  • Q3 revenue rose 2.2% YoY to $95.280M as average beds serviced reached 93,225; Adjusted EBITDA was $8.064M and net income was $0.241M.

  • 9M revenue increased 3.1% to $282.774M and Adjusted EBITDA rose 1.6% to $24.505M; net income declined 24.2% to $1.773M.

  • ~3,000 retirement residents were substantially onboarded under a long-term national seniors-home operator contract.

Financial highlights

  • Q3 revenue was $95.280M vs. $93.220M YoY; operating income was $2.776M vs. $3.239M.

  • Q3 Adjusted EBITDA was $8.064M vs. $8.345M; net income was $0.241M vs. $1.550M YoY.

  • Q3 cash provided by operations was $6.461M vs. $10.076M YoY; 9M cash provided by operations was $17.079M vs. $21.219M.

  • Q3 operating expenses rose 2.8% YoY to $87.2M, primarily reflecting more beds serviced.

Outlook and guidance

  • Q4 is expected to capture the full benefit of all ~3,000 beds being onboarded from October 1, with no recurring onboarding-related one-time expenses.

  • New customer wins and onboarding are expected to continue, though timing is lumpy and some wins may move into the new year.

  • Growth priorities include expanding beds, services and geographies, pursuing accretive acquisitions, and improving margin and cash generation.

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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.