Health In Tech Q3 revenue falls on carrier transition delays
HIT•Health In Tech said Q3 revenue fell year over year, citing delays in new policy commencement during a carrier transition. It reported a $7.11 million net loss, including a $5.3 million credit-loss provision, and cut its 2026 revenue outlook to about $30 million.
1. Q3 results
Health In Tech reported a Q3 net loss of $7.11 million, including a $5.3 million provision for credit losses. Adjusted EBITDA was negative $3.93 million, and loss per share was $0.11.
2. Outlook and drivers
The company revised its 2026 revenue outlook to about $30 million, below 2025 revenue. It said delayed commencement of new policies during a transition to a new carrier shifted revenue contribution into 2027. Higher investment in distribution, technology and product development also contributed to increased sales, marketing and research and development costs. Health In Tech aims to accelerate policy onboarding and improve conversion rates in 2027.
