Healwell AI Income Statement

Financials in millions CAD. Fiscal year is January - December.

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	103.8	19.71	7.32	10.42	47.82
Revenue Growth (YoY)	426.63%	169.39%	-29.81%	-78.20%	23.96%
Cost of Revenue	46.51	8.89	6.06	6.71	32.81
Gross Profit	57.29	10.82	1.26	3.71	15.01
Selling, General & Admin	53.5	29.4	13.26	12.88	31.3
Depreciation & Amortization Expenses	16.91	6.07	-	-	-
Research & Development	16.42	5.8	4.81	8.14	0.16
Other Operating Expenses	-	5.39	10.9	-	-
Total Operating Expenses	86.82	46.66	28.97	21.03	31.45
Operating Income	-29.53	-35.83	-27.71	-17.32	-16.44
Interest Expense	-9.59	-1.83	-1.76	-0.63	-0.48
Other Non-Operating Income (Expense)	-0.66	12.63	-3.21	0.88	0.58
Total Non-Operating Income (Expense)	-10.25	10.81	-4.97	0.24	0.1
Pretax Income	-39.78	-25.03	-32.68	-17.08	-16.29
Provision for Income Taxes	-0.66	-1.07	-0.54	1.12	-0.75
Net Income	-47.11	-26.29	-31.6	-21.09	-15.67
Minority Interest in Earnings	-0.55	-1.19	0.05	0.12	0.13
Earnings From Discontinued Operations	-8.54	-3.52	0.6	-2.78	-
Net Income to Common	-47.11	-26.29	-31.6	-21.09	-15.67
Shares Outstanding (Basic)	251	136	57	50	48
Shares Outstanding (Diluted)	251	136	57	50	48
Shares Change (YoY)	84.82%	135.97%	14.44%	4.59%	39.94%
EPS (Basic)	-0.19	-0.19	-0.55	-0.42	-0.33
EPS (Diluted)	-0.19	-0.19	-0.55	-0.42	-0.33
Shares Outstanding	324.12	199.63	118.79	50.08	50.08
Free Cash Flow	-39.65	-45.35	-20.29	-19.55	-7.93
Free Cash Flow Per Share	-0.16	-0.33	-0.35	-0.39	-0.17
Gross Margin	55.19%	54.90%	17.18%	35.59%	31.39%
Operating Margin	-28.44%	-181.79%	-378.76%	-166.14%	-34.38%
Profit Margin	-37.68%	-121.54%	-439.26%	-174.55%	-32.50%
FCF Margin	-38.20%	-230.07%	-277.30%	-187.52%	-16.59%
EBITDA	-12.62	-28.54	-24.37	-14.78	-12.13
EBITDA Margin	-12.16%	-144.77%	-333.10%	-141.77%	-25.37%
EBIT	-29.53	-35.83	-27.71	-17.32	-16.44
EBIT Margin	-28.44%	-181.79%	-378.76%	-166.14%	-34.38%
Effective Tax Rate	1.66%	4.28%	1.66%	-6.55%	4.59%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.