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GlobeNewswire·

Park Dental Partners Announces Fourth Quarter and Full-Year Results

PARK
  • Park Dental Partners, Inc. reported fourth-quarter 2025 revenue of $61.2 million & full-year 2025 revenue of $244.5 million, representing year-over-year growth of 7.5% & 6.4% respectively.
  • The company recorded a net loss of $5.7 million for Q4 2025 & a net loss of $0.4 million for the full year 2025, primarily driven by share-based compensation & one-time IPO costs.
  • Adjusted Gross Margin for the full year 2025 was $49.3 million (20.1% of revenue), an increase of 90 basis points from the prior year.
  • Adjusted EBITDA for the full year 2025 was $22.0 million (9.0% margin), a 13.7% increase from 2024, while Q4 Adjusted EBITDA was $3.7 million.
  • The company completed its initial public offering in December 2025, raising $20.0 million in gross proceeds through the issuance of 1,535,000 shares at $13.00 per share.
  • Three acquisitions were finalized in 2025, including two on December 31 & one subsequent acquisition in Tucson, Arizona, alongside the opening of a de novo multi-specialty practice in Rochester, Minnesota.
  • Operating cash flow for the full year 2025 was $17.6 million, with capital investments totaling $7.3 million for expansion & de novo growth.
  • The company supported 214 affiliated doctors across 86 practice locations with a patient retention rate of 89.9% as of December 31, 2025.
  • Cash & cash equivalents reached $25.2 million at year-end 2025, while long-term debt decreased to $10.1 million with a $15 million line of credit remaining undrawn.
  • Full-year 2026 revenue is projected to be between $254.0 million & $258.0 million, with Adjusted EBITDA expected to range from $21.0 million to $23.0 million.
  • The 2026 outlook assumes 3.5% to 5.0% same-practice revenue growth & includes approximately $2 million in recurring public company costs.