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Health In Tech — Third Quarter 2026 Earnings Summary

  • Q3 2026 revenue declined to $6.6 million from $8.5 million in Q3 2025, while the nine-month period saw revenue fall to $23.4 million from $25.8 million; the company reported a Q3 net loss of $7.1 million (including a $5.3 million credit loss provision) compared to a $0.5 million net income in the prior year period.
  • Full-year 2026 revenue guidance was revised downward to approximately $30 million due to delayed policy commencements from a carrier transition, with anticipated revenue contributions shifted into 2027.
  • Leadership transitioned with Sanjay Shrestha assuming the CEO role on October 20, 2026, while founder Tim Johnson moved to Executive Chairman to focus on long-term strategy and product development.
  • The company raised $6.65 million via convertible notes and $6.38 million through a private investment in public equity financing during the first nine months of 2026, maintaining a cash balance of $10.1 million as of September 30, 2026.
  • Strategic initiatives include the September launch of the AI-powered HitRix marketplace, the first client secured for the Three-Year Rate Stabilization Program, and a focus on improving quote-to-bind conversion rates to monetize a $156.4 million pipeline.
Company
HEALTH IN TECH INC
Sector
Technology
Industry
Software - Application