CareCloud Reports Record Q3 2026 Adjusted EBITDA and Significant Profit Growth
CareCloud (CCLD) delivered a strong third quarter for 2026, reporting revenue of $33.7 million, a 9% increase year-over-year driven by the Medsphere and Empower acquisitions. The company achieved record adjusted EBITDA of $9.9 million, representing a 28% growth compared to the previous year, with margins expanding to 29%. GAAP net income rose significantly to $4.7 million, up 54% from the prior year's third quarter. The results were bolstered by increased operating leverage and successful AI integration within their revenue cycle management services. Key operational improvements include a 44% reduction in manual claim touches and an increase in zero-touch processing to 84%. Management reaffirmed full-year 2026 guidance, projecting annual revenue between $128 million and $132 million and GAAP EPS between $0.20 and $0.23.
Topics: debt reduction EBITDA record margin expansion net income increase revenue growth