Business
HEALWELL Reports Record Revenue Growth of 645% in Q2-2025 and Achieves First Quarter of Positive Adjusted EBITDA
HEALWELL achieved quarterly revenue from continuing operations of $40.5 million in Q2-2025, 645% ...
About this update from Healwell Ai Inc. Class A
[{"type":"text","content":"HEALWELL Reports Record Revenue Growth of 645% in Q2-2025 and Achieves First Quarter of Positive Adjusted EBITDAHEALWELL achieved quarterly revenue from continuing operations of $40.5 million in Q2-2025, 645% higher than the $5.4 million generated in Q2-2024. Revenue growth in the quarter was largely driven by the Orion Health acquisition, resulting in a record 1,064% year-over-year increase in the Company's Healthcare Software business compared to Q2-2024.During Q2-2025, HEALWELL reported positive Adjusted EBITDA of $1.9 million, compared to an Adjusted EBITDA loss of $3.7 million in Q2-2024. This marks the Company's first quarter of positive Adjusted EBITDA, reflecting strong operating fundamentals and accelerating business momentum. HEALWELL's Board of Directors has decided to seek strategic alternatives for the Company's clinical research and patient services business units and has signed a number of non-binding LOIs to investigate this effort with the goal to become a pure-play digital SaaS and Services company with a focus on enterprise grade data science and AI offerings to health systems globally.Toronto, Ontario--(Newsfile Corp. - August 13, 2025) - HEALWELL AI Inc. (TSX: AIDX) (OTCQX: HWAIF) (\"HEALWELL\" or the \"Company\"), a healthcare artificial intelligence company focused on preventative care, is pleased to announce its unaudited interim condensed consolidated financial results for the quarter ended June 30, 2025. A summary of the Company's financial and operational results is set out below, and more detailed information is contained in the interim financial statements and related management discussion and analysis, which are available on the Company's SEDAR+ page at www.sedarplus.ca. Financial measures described as \"Adjusted\" in this news release are non-IFRS financial measures and may not be comparable to other similar measures disclosed by other companies. Please see Non-IFRS Financial Measures below for more information.James Lee, Chief Executive Officer of HEALWELL, commented, \"Q2 represents an exciting and major inflection point for HEALWELL as we achieved positive Adjusted EBITDA for the first time. This milestone marks a shift in our financial trajectory and validates the scalability of our healthcare software business and AI-driven business model. With Orion Health now part of our ecosystem, we gain a...