The Joint Corp.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $54.9M | $52.2M | $117.7M | $101.3M | $80.0M | $58.7M | $48.5M | $36.7M |
| Cost of Revenue | $11.2M | $11.5M | $10.5M | $11.5M | $7.7M | $6.5M | $5.6M | $4.3M |
| Gross Profit | $43.7M | $40.6M | $107.2M | $89.7M | $72.3M | $52.2M | $42.9M | $32.4M |
| Gross Margin | 79.6% | 77.9% | 91.1% | 88.6% | 90.4% | 88.9% | 88.5% | 88.2% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $44.6M | $42.5M | $36.2M | $42.5M | $66.2M | $46.7M | $39.4M | $31.6M |
| Operating Income | $-913.4K | $-1.9M | $318.3K | $-1.9M | $6.1M | $5.5M | $3.4M | $142.6K |
| Operating Margin | -1.7% | -3.6% | 0.3% | -1.9% | 7.7% | 9.4% | 7.0% | 0.4% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $-229.5K | $-1.6M | $254.0K | $-1.6M | $6.1M | $5.4M | $3.4M | $109.0K |
| Income Tax Expense | $38.7K | $5.6K | $11.0M | $5.6K | $-1.5M | $-7.8M | $48.7K | $-37.7K |
| Net Income | $2.9M | $-5.8M | $-9.8M | $626.7K | $7.6M | $13.2M | $3.3M | $146.7K |
| Net Margin | 5.3% | -11.1% | -8.3% | 0.6% | 9.5% | 22.4% | 6.9% | 0.4% |
| EPS (Basic) | $0.19 | $-0.39 | $-0.66 | $-0.39 | $0.53 | $0.94 | $0.24 | $0.01 |
| EPS (Diluted) | $0.19 | $-0.38 | $-0.65 | $-0.38 | $0.51 | $0.90 | $0.23 | $0.01 |
| Shares Outstanding (Basic) | 15.1M | 14.9M | 14.7M | 14.5M | 14.3M | 14.0M | 13.8M | 13.7M |
| Shares Outstanding (Diluted) | 15.2M | 15.1M | 14.9M | 14.9M | 14.9M | 14.6M | 14.5M | 14.0M |
| Dividends Per Share | — | — | — | — | — | — | — | — |