Q4 2025 WELL Health Technologies Corp Earnings Call Transcript
Key Points
- WELL Health Technologies Corp (WHTCF) achieved a significant increase in annual revenue, reaching $1.4 billion, a 52% year-over-year growth.
- The company reported a record adjusted net income of $126.5 million, or $0.50 per share, up from $0.03 per share in 2024.
- WELL Health Technologies Corp generated $58.2 million in free cash flow attributable to shareholders, marking a 19% increase.
- The company successfully expanded its Canadian clinics network to 252 clinics, with patient visits growing by 37% year over year.
- WELL Health Technologies Corp's WELLSTAR platform achieved a 63% increase in revenue, with adjusted EBITDA margins reaching 30%.
- Circle Medical experienced a decline in patient visits due to a significant focus on compliance, impacting overall organic growth.
- The adjusted EBITDA for Wisp declined from $5 million in 2024 to $1.3 million in 2025, reflecting investments in growth initiatives.
- The company faced challenges with Circle Medical's deferred revenue and a cyber incident at CRH, affecting financial results.
- WELL Health Technologies Corp's guidance for fiscal 2026 was below street expectations due to the impact of deferred revenues and cyber incidents.
- The primary care segment's EBITDA margin was below expectations, attributed to the integration of recent acquisitions.
Good afternoon, ladies and gentlemen, and welcome to the WELL Health Technologies Corp., fourth-quarter 2025 and fiscal year 2025 conference call. (Operator Instructions) This call is being recorded on Thursday, March 19, 2026.
I would now like to turn the conference over to Pardeep Sangha, Investor Relations. Please go ahead.
Thank you, operator, and welcome, everyone, to WELL Health's Fiscal Fourth Quarter and Year-End 2025 Financial Results Conference Call, the period ended December 31, 2025. Joining me on the call today are Hamed Shahbazi, Chairman and CEO; and Eva Fong, the company's CFO. I trust that everyone has received a copy of our financial results press release that was issued earlier today.
Portions of today's call, other than historical performance, include statements of forward-looking information within the meaning of applicable securities laws, including future-oriented financial information and financial outlook and
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