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Healwell AI (AIDX) investor relations material
Healwell AI Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Strategic shift from episodic, Canada-focused life sciences revenue toward recurring, higher-margin global enterprise contracts, accelerated by MFN pricing changes.
Global HIE combines healthcare systems, life sciences, AI and data infrastructure; early agreements are signed, with 19 near-term opportunities across five markets.
Q3 continuing-operations revenue rose 7% YoY to CAD 32.6M and Adjusted EBITDA rose 144% to CAD 1.6M; recurring revenue reached 70% of total.
9M operating cash flow improved CAD 26.0M to positive CAD 5.9M.
Financial highlights
Q3 continuing-operations revenue was CAD 32.6M, up 7% YoY; subscription, support and maintenance revenue rose 9% to CAD 22.8M, or 70% of total revenue.
Q3 Adjusted EBITDA was CAD 1.6M versus CAD 0.7M; operating expenses fell 7% to CAD 23.3M and operating loss improved to CAD 6.3M from CAD 8.6M.
Q3 gross profit rose 3% to CAD 17.1M; gross margin was 52%, versus 54% in Q3 2025.
9M revenue rose 38% to CAD 98.7M and Adjusted EBITDA was CAD 3.5M versus CAD 0.9M.
Q3 net loss from continuing operations was CAD 16.0M, effectively unchanged YoY.
Outlook and guidance
Annual revenue growth of 10% is considered a reasonable expectation; quarterly results may vary with deal timing and revenue recognition.
The 10% Adjusted EBITDA margin target for exiting 2026 depends on contracted revenue recognition after delivery milestones are met.
Procurement feedback on 19 near-term opportunities is expected through Q1 2027; 2027 guidance is planned by March.
Converge Health Iowa is expected to contribute over CAD 1M annually; HIE SaaS fees may start in Q4, while SMART AI deployment revenue is expected no earlier than early 2027.
Gross margins are expected to expand gradually from Q4 as revenue mix shifts toward AI and Amadeus SaaS.
- 2025 revenue reached C$103.8M as adjusted EBITDA turned positive at C$2.3M.AIDX
Investor presentation - Stable Q2 2026 revenue, margin expansion, and strong cash flow with recurring sales growth.AIDX
Q2 2026 - Q1 revenue rose 316% to CAD 33.2M, with positive adjusted EBITDA and expanding global AI adoption.AIDX
Q1 2026 - Record 2025 revenue and first positive Adjusted EBITDA highlight rapid AI and software growth.AIDX
Q4 2025 - Record revenue growth and first positive EBITDA mark a strategic shift to pure-play AI software.AIDX
Q2 2025 - Record Q3 revenue and major acquisitions drive rapid growth and target CAD 100M run rate in 2025.AIDX
Q3 2024 - Q2 revenue up 204% to CAD 5.44M; profitability and AI launches drive strong outlook.AIDX
Q2 2024 - Record revenue growth and Orion Health acquisition set to drive EBITDA-positive results in 2025.AIDX
Q4 2024 - Q1 revenue up 208% year-over-year; Orion Health acquisition to add CAD 100M annual revenue.AIDX
Q1 2025
Next Healwell AI earnings date
Next Healwell AI earnings date
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