Business
WELL Health Reports Record Revenue in Q1-2025 with 32% YoY Growth and Record Quarterly EBITDA in Canadian Business
WELL achieved record quarterly revenues of $294.1 million in Q1-2025, an increase of 32% (2) ...
About this update from Well Health Technologies Corp.
[{"type":"text","content":"WELL Health Reports Record Revenue in Q1-2025 with 32% YoY Growth and Record Quarterly EBITDA in Canadian Business\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n.bwalignr { text-align: right; list-style-position: inside }\n.bwblockalignl { margin-left: 0px; margin-right: auto }\n.bwcellpmargin { margin-bottom: 0px; margin-top: 0px }\n.bwlistdecimal { list-style-type: decimal }\n.bwlistdisc { list-style-type: disc }\n.bwpadb3 { padding-bottom: 4px }\n.bwpadl0 { padding-left: 0px }\n.bwpadl3 { padding-left: 15px }\n.bwpadr0 { padding-right: 0px }\n.bwsinglebottom { border-bottom: solid black 1pt }\n.bwtablemarginb { margin-bottom: 10px }\n.bwvertalignb { vertical-align: bottom }\n.bwwidth1 { width: 1% }\n.bwwidth100 { width: 100% }\n.bwwidth12 { width: 12% }\n.bwwidth17 { width: 17% }\n.bwwidth2 { width: 2% }\n.bwwidth3 { width: 3% }\n.bwwidth41 { width: 41% }\n \n\n\n\n\n WELL achieved record quarterly revenues of $294.1 million in Q1-2025, an increase of 32%\n \n (2)\n \n as compared to Q1-2024 driven by organic growth and acquisitions. Revenue was negatively impacted by a net of $6.5 million related to the delay of revenue recognition for Circle Medical. Excluding this impact, quarterly revenue was $300.7 million.\n \n\n WELL achieved Adjusted EBITDA\n \n (1)\n \n of $27.6 million in Q1-2025, an increase of 36%\n \n (2)\n \n as compared to Q1-2024. This figure was negatively impacted by a net of $6.5 million related to the delay of revenue recognition for Circle Medical. Excluding this impact, quarterly Adjusted EBITDA was $34.1 million.\n \n\n WELL achieved a total of 1.6 million patient visits in Q1-2025, an increase of 23% as compared to Q1-2024, driven by the growth of Canadian patient services visits which grew by 29% YoY, with strong organic growth of 13% in Canada.\n \n\n WELL Canada which includes our Canadian Clinics, WELLSTAR, and CYBERWELL enterprises grew Four wall Adjusted EBITDA\n \n (1)\n \n by 29% YoY to a record $18.7 million in Q1-2025.\n \n\n Our positive outlook reflects continued strong organic growth from our Canadian operations as well as the addition of HEALWELL AI’s results starting in Q2 2025, which is expected to contribute revenue of approximately $120 million in 2025 with positive Adjusted EBITDA.\n \n\n\n\n\n WELL Health Technologies Corp. (TSX: WELL, OTCQX: WHTCF) (th...