Health In Tech Reports Q3 2026 Revenue Decline and Net Loss Amid Transition
Health In Tech (HIT) reported a challenging third quarter for 2026, with revenue falling to $6.6 million from $8.5 million in the prior-year period. The decline was attributed to timing differences in policy effective dates and an ongoing transition between insurance carriers. Consequently, the company reported a net loss of $7.1 million ($0.11 per share) and negative adjusted EBITDA of $3.9 million, impacted by a one-time $5.3 million credit loss provision. Despite current losses, management highlighted a robust revenue pipeline of $150 million as of late October 2026, with 70% of that volume expected to go live on January 1, 2027. The company is also seeing growth in its distribution network, which expanded by nearly 16% year-over-year. Management has updated full-year revenue guidance to approximately $30 million as they prepare for the upcoming renewal and placement cycle.
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Topics: EBITDA gross margin compression guidance update net loss revenue decline