CareCloud Q1 Revenue Climbs 13% to $31.3M, Redeems Series B Preferred
CareCloud reported Q1 revenue of $31.3 million, up 13% year-over-year, with GAAP net income of $0.92 million and adjusted EBITDA of $5.4 million. The company closed a $50 million credit facility, announced full redemption of Series B Preferred Stock, launched AI offerings and reaffirmed 2026 guidance of $128–$132 million revenue and $29–$31 million adjusted EBITDA.
1. Q1 2026 Financial Performance
CareCloud generated $31.3 million in Q1 revenue versus $27.6 million a year ago, achieved GAAP net income of $0.92 million compared to $1.9 million, delivered adjusted EBITDA of $5.4 million versus $5.6 million, and improved GAAP EPS to $(0.01) from $(0.04).
2. Capital Structure Simplification
The company closed a $50 million credit facility and announced the full redemption of its Series B Preferred Stock, scheduled for May 15, 2026, significantly simplifying its balance sheet.
3. AI Product Launches and Market Expansion
CareCloud launched its AI Center of Excellence with stratusAI Desk Agent automating roughly 75% of inbound calls and stratusAI Voice Audit, while entering the inpatient EHR, RCM and analytics market with a #1 Black Book–ranked EDIS platform.
4. 2026 Guidance and Outlook
Management reaffirmed full-year 2026 targets of $128–$132 million in revenue, $29–$31 million in adjusted EBITDA and $0.20–$0.23 GAAP EPS, expecting margin expansion as one-time integration costs subside.