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The Joint Corp (JYNT) investor relations material
The Joint Corp Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary6 Nov, 2025
Executive summary
Q3 2025 revenue grew 6% year-over-year to $13.4 million, with net income improving to $0.9 million from a $3.2 million loss in Q3 2024, and Adjusted EBITDA rising 36% to $3.3 million, driven by cost optimization and refranchising.
The company is transitioning to a pure-play franchisor model, advancing refranchising of corporate clinics, and executing major sales in key markets, including a pending $4.5 million transaction for 45 clinics in Southern California.
System-wide sales declined 1.5% to $127.3 million and comparable sales fell 2.0% year-over-year, attributed to lower new patient counts and broader market challenges.
Strategic initiatives include a national marketing campaign focused on pain relief, digital marketing transformation, a three-tiered pricing pilot for wellness plans, and a new mobile app with 178,000 downloads and 18% adoption among new patients.
The board authorized an additional $12 million for share repurchases, with 540,000 shares repurchased for $5 million to date.
Financial highlights
Q3 2025 revenue was $13.4 million, up 6% year-over-year; nine-month revenue reached $39.7 million, a 6.1% increase.
Q3 2025 net income was $0.9 million, reversing a $3.2 million loss in Q3 2024; nine-month net income was $1.9 million versus a $5.8 million loss in the prior year.
Adjusted EBITDA for Q3 2025 was $3.3 million, up 36% year-over-year; nine-month consolidated Adjusted EBITDA was $9.4 million, up 16%.
Unrestricted cash at quarter-end was $29.7 million, up from $25.1 million at year-end 2024.
No outstanding debt; $20 million undrawn line of credit available through August 2027.
Outlook and guidance
2025 system-wide sales guidance revised to $530–$534 million, down from prior $530–$550 million.
Comparable sales guidance for 2025 is -1% to 0%, revised from prior low single-digit growth.
Consolidated Adjusted EBITDA guidance maintained at $10.8–$11.8 million; new franchised clinic openings expected at 30–35.
2026 continuing operations expected to be more profitable due to refranchising and cost realignment.
Management anticipates continued macroeconomic volatility, with inflation and labor shortages as key challenges.
Update on the 33 remaining corporate clinics
Expected impact of national marketing on comps
Specifics on 2026 SG&A reduction targets
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Next The Joint Corp earnings date
Q4 202513 Mar, 2026
Next The Joint Corp earnings date
Q4 202513 Mar, 2026
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Frequently asked questions
The Joint Corp. operates a network of chiropractic care clinics that provide non-invasive, drug-free treatment for musculoskeletal conditions. The company offers routine chiropractic services through a membership-based model. Its clinics are located across the United States and serve individuals seeking relief from back pain, joint issues, and general wellness care. The company is headquartered in Scottsdale, Arizona, and its shares are listed on the NASDAQ.
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