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NeuPath Health (NPTH) investor relations material
NeuPath Health Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved over 26% revenue growth in Q3 2025, reaching $22.1 million, driven by higher patient volumes and optimized clinic operations.
Adjusted EBITDA increased by 98% year-over-year to $1.5 million, marking the 27th consecutive quarter of positive Adjusted EBITDA.
Focus remains on organic growth through increased physician hours, new service offerings, and optimizing clinic operations.
Inorganic growth is a priority, with a pipeline of over a dozen acquisition opportunities under evaluation.
Strong growth attributed to higher demand for ArthrosamidⓇ and operational improvements.
Financial highlights
Q3 2025 revenue up 26% year-over-year to $22.1 million, with year-to-date revenue at $65 million, up 20-21% from last year.
Clinic revenue was $20.8 million for Q3 2025, up from $16.3 million in Q3 2024; non-clinic revenue was $1.3 million.
Gross margin improved to 19.1% for Q3 2025 from 18.3% in Q3 2024.
Net and comprehensive loss for Q3 2025 was $94,000, compared to $323,000 in Q3 2024.
Net debt reduced to $1.7 million, with a cash balance of $4.6 million at quarter-end.
Outlook and guidance
Expecting continued high single to low double-digit organic growth over the next 12 months.
Management anticipates executing several acquisitions in the coming year, supported by operational improvements and rising demand.
Ongoing focus on expanding physician hours, adding new services, and entering new markets.
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