Health In Tech Inc
NASDAQ:HIT
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Health In Tech Inc
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Health In Tech Inc
Health In Tech Inc is a US-based company operating in Insurance industry. The company is headquartered in Stuart, Florida and currently employs 74 full-time employees. The company went IPO on 2024-12-23. Health In Tech, Inc. is an insurance technology platform company. The firm provides a health insurance marketplace where insurance companies can list various stop-loss policy options for self-funded benefits plans. Its marketplace offers customization of health benefits plans, vendors, claims, and network services. Its services are delivered through three subsidiaries: Stone Mountain Risk, LLC (SMR), International Captive Exchange, LLC (ICE), and HI Card LLC’s HI Card platform (HI Card). The SMR is a program manager specializing in customized self-funded programs for small businesses. ICE is a Managing General Underwriter. ICE assists with underwriting activities through its sophisticated Web-based SaaS quoting platform, Enhance Do It Yourself Benefit System (eDIYBS). HI Card seeks to simplify healthcare management with a single standardized transaction and service platform, designed to streamline the management of medical records and claims through one platform using one login.
Health In Tech Inc is a US-based company operating in Insurance industry. The company is headquartered in Stuart, Florida and currently employs 74 full-time employees. The company went IPO on 2024-12-23. Health In Tech, Inc. is an insurance technology platform company. The firm provides a health insurance marketplace where insurance companies can list various stop-loss policy options for self-funded benefits plans. Its marketplace offers customization of health benefits plans, vendors, claims, and network services. Its services are delivered through three subsidiaries: Stone Mountain Risk, LLC (SMR), International Captive Exchange, LLC (ICE), and HI Card LLC’s HI Card platform (HI Card). The SMR is a program manager specializing in customized self-funded programs for small businesses. ICE is a Managing General Underwriter. ICE assists with underwriting activities through its sophisticated Web-based SaaS quoting platform, Enhance Do It Yourself Benefit System (eDIYBS). HI Card seeks to simplify healthcare management with a single standardized transaction and service platform, designed to streamline the management of medical records and claims through one platform using one login.
Revenue: Full year 2025 revenue was $33.3 million, up 71% year‑over‑year; Q4 revenue was $7.5 million, up 53% year‑over‑year.
Growth drivers: Management credited distribution expansion, platform automation and new programs for the growth; distribution partners were reported as 858 and later 885, a ~34% increase year‑over‑year.
Guidance: Full year 2026 revenue guidance of $45 million to $50 million, implying ~35% to 50% growth year‑over‑year.
Profitability: Adjusted EBITDA for FY2025 was $4.1 million (12.3% of revenue, up 81% YoY); GAAP net income for FY2025 was $1.2 million (4% of revenue, up 91% YoY).
Platform / AI: Company emphasizes AI embedded in a proprietary, HIPAA‑governed dataset plus integrated workflows and distribution as a defensible advantage versus point solutions.
Product expansion: Launched eDIYBS to underwrite employers >100 employees, began large‑group beta late 2025 with broader rollout expected in 2026; beta for 3‑year rate stabilization showing interest from municipalities.
Cash & efficiency: Operating cash flow of $3.1 million for FY2025; cash and equivalents $7.7 million at year end; accounts receivable days improved to 14 days from 29 days.
