Health In Tech, Inc. HIT
To change the non-transparent $5.3 trillion1 healthcare industry with innovation that removes friction and complexities with vertical integration, process simplification,
automation, and digitalization.
platform company, which offers a marketplace that improves processes in the healthcare industry through vertical integration, process
simplification, and automation. By removing friction and complexities, we streamline the underwriting, sales and service process for
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Revenue | $37.6M | $19.6M | $19.2M | — |
| Cost of revenue | $12.4M | $4.1M | $2.3M | — |
| Gross profit | $20.9M | $15.4M | $16.8M | — |
| R&D | $1.6M | $2.8M | $2.0M | — |
| SG&A | $13.7M | $8.5M | $8.1M | — |
| Total operating expenses | $19.4M | $14.4M | $13.5M | — |
| Interest expense | — | $495.0K | $495.0K | — |
| Pre-tax income | $1.7M | $889.0K | $3.4M | — |
| Income tax | $395.3K | $218.5K | $945.2K | — |
| Net income | $1.3M | $670.5K | $4.0M | — |
| EPS, basic | 0.02 | 0.01 | — | — |
| EPS, diluted | 0.02 | 0.01 | — | — |
| Shares, diluted (wtd. avg.) | 57.7M | 53.7M | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Cash and equivalents | $7.7M | $7.8M | $2.4M | $1.5M |
| Receivables | $756.3K | $1.6M | $2.2M | — |
| Total current assets | $16.2M | $10.8M | $6.9M | — |
| Total assets | $23.1M | $15.8M | $11.5M | — |
| Accounts payable | $4.2M | $1.9M | $2.6M | — |
| Total current liabilities | $5.2M | $2.1M | $4.8M | — |
| Total liabilities | $6.0M | $2.6M | $5.4M | — |
| Retained earnings | $5.2M | $3.9M | $3.3M | — |
| Total equity | $17.1M | $13.2M | $6.1M | $1.4M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Operating cash flow | $3.1M | $2.2M | $1.5M | — |
| Depreciation and amortisation | $900.6K | $541.1K | — | — |
| Stock-based compensation | $1.6M | $468.5K | — | — |
| Investing cash flow | -$3.1M | -$836.8K | -$1.9M | — |
| Financing cash flow | -$187.4K | $4.1M | $1.3M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001213900-26-034211.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| Revenue | — | $19.2M | $19.6M | $37.6M |
| Gross profit | — | $16.8M | $15.4M | $20.9M |
| Net income | — | $4.0M | $670.5K | $1.3M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Regulation FD disclosure Item 7.01
- Regulation FD disclosure Item 7.01
- Regulation FD disclosure Item 7.01
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
- Regulation FD disclosure Item 7.01
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Regulation FD disclosure Item 7.01
- Material agreement signed Item 1.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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