Canada · Delayed Price · Currency is CAD CareRx Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw strong revenue and margin growth, driven by new beds and efficiency gains. Ontario's funding stability supports long-term outlook, though removal of ward bed funding may reduce fees by up to CAD 2 million. Generic semaglutide launch expected to benefit margins in 2027.
Fiscal Year 2025
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Q4 2025 saw strong revenue and margin growth, with full-year net income positive for the first time. Bed count and operational efficiency improved, leverage declined, and capital returns to shareholders increased. Outlook targets further bed growth and margin expansion.
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Q3 2025 saw revenue of CAD 93.2M, Adjusted EBITDA of CAD 8.3M, and net income of CAD 1.6M, with margin expansion and strong cash flow. Bed growth and efficiency initiatives support a positive outlook, with robust organic and M&A opportunities ahead.
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Q2 2025 revenue was $91.4M, with adjusted EBITDA up 7% year-over-year and net income of $561K. 3,000 new beds were onboarded, supporting growth targets and margin expansion, while capital allocation remains focused on bed growth, efficiency, and share buybacks.
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Q1 2025 saw stable revenue at CAD 89.6M, a 4.5% rise in adjusted EBITDA, and a return to net income. New beds and a major facility consolidation position the business for growth, with cost efficiencies and further bed wins expected in the coming quarters.
Fiscal Year 2024
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Q4 2024 saw revenue and adjusted EBITDA growth year-over-year, with improved cash flow and a reduced net loss. Debt restructuring and operational efficiencies position the company for robust bed growth and margin expansion in 2025.
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Q3 2024 saw revenue of CAD 92.8M and adjusted EBITDA of CAD 7.8M, with margin improvements and a reduced net loss. A new fulfillment center in BC and nearly 3,000 new beds secured for 2025 support growth targets and double-digit EBITDA margins.
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Q2 2024 saw revenue of CAD 92M and adjusted EBITDA of CAD 7.5M, with margin improvement and a net loss due to non-cash items. Operational efficiencies, a new supply agreement, and a robust growth pipeline support stable margins and future expansion.