NASDAQ : HIT
Health In Tech, Inc. — Financial statements
Technology · Software - Application · United States
Last price 0.6116 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 40.08M
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Financial statements
Health In Tech, Inc. (HIT) reported revenue of 32.83M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | 32.83M | 33.33M | 19.49M | 19.15M | 5.77M |
| Cost of Revenue | 15.12M | 12.39M | 4.05M | 2.30M | 334.19K |
| Gross Profit | 17.70M | 20.94M | 15.44M | 16.85M | 5.44M |
| Selling, General & Admin | 20.73M | 17.84M | 11.64M | 11.46M | 4.44M |
| Research & Development | 2.25M | 1.57M | 2.81M | 2.00M | 794.62K |
| Operating Expenses | 22.98M | 19.41M | 14.45M | 13.46M | 5.23M |
| Operating Income | -5.27M | 1.53M | 989.90K | 3.38M | 205.58K |
| Interest Expense | -495.00K | -2.05K | -4.57K | ||
| Interest & Investment Income | 353.40K | 409.92K | 122.89K | 40.86K | |
| Other Non Operating Income (Expenses) | -312.59K | -264.19K | 271.21K | ||
| Pretax Income | -5.23M | 1.67M | 889.00K | 3.42M | 201.01K |
| Income Tax Expense | -1.28M | 395.33K | 218.52K | 945.24K | 121.27K |
| Earnings From Discontinued Operations | 1.48M | -323.08K | |||
| Net Income to Company | -3.95M | 1.28M | 670.48K | 3.96M | -243.34K |
| Minority Interest in Earnings | 162.00 | -1.48M | 323.08K | ||
| Net Income | -3.95M | 1.28M | 670.48K | 2.48M | 79.74K |
| Net Income to Common | -3.95M | 1.28M | 670.48K | 2.48M | 79.74K |
| Shares Outstanding (Basic) | 58.40M | 55.84M | 51.84M | 51.77M | 48.14M |
| Shares Outstanding (Diluted) | 58.40M | 57.74M | 53.66M | 51.77M | 48.14M |
| EPS (Basic) | -0.07 | 0.02 | 0.01 | 0.05 | 0.00 |
| EPS (Diluted) | -0.07 | 0.02 | 0.01 | 0.05 | 0.00 |
| Gross Margin | 53.93% | 62.82% | 79.21% | 87.97% | 94.21% |
| Operating Margin | -16.06% | 4.59% | 5.08% | 17.66% | 3.56% |
| Profit Margin | -12.03% | 3.84% | 3.44% | 12.93% | 1.38% |
| EBIT | -5.27M | 1.53M | 989.90K | 3.38M | 205.58K |
| EBIT Margin | -16.06% | 4.59% | 5.08% | 17.66% | 3.56% |
| Effective Tax Rate | 23.61% | 24.58% | 27.62% | 60.33% | |
| Revenue as Reported | 32.83M | 33.33M | 19.49M | 19.15M | 5.77M |
| Advertising Expenses | 1.00K | 61.53K | 311.08K | 113.28K |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Cash & Equivalents | 6.51M | 7.67M | 7.85M | 2.42M | 1.49M |
| Cash & Short-Term Investments | 6.51M | 7.67M | 7.85M | 2.42M | 1.49M |
| Accounts Receivable | 8.55M | 756.29K | 1.65M | 2.24M | 956.34K |
| Other Receivables | 3.39M | 3.47M | 500.25K | 1.68M | 2.28K |
| Receivables | 12.79M | 5.04M | 2.15M | 3.92M | 976.86K |
| Prepaid Expenses | 2.38M | 3.28M | 787.16K | 264.38K | 53.28K |
| Other Current Assets | 102.59K | 170.98K | 261.77K | 22.91M | |
| Total Current Assets | 21.78M | 16.16M | 10.78M | 6.86M | 25.43M |
| Property, Plant & Equipment | 104.28K | 139.94K | 206.27K | 266.64K | 321.81K |
| Other Intangible Assets | 7.20M | 6.53M | 3.96M | 3.56M | 2.76M |
| Other Long-Term Assets | 8.18K | 258.15K | 48.23K | ||
| Total Assets | 29.63M | 23.09M | 15.77M | 11.50M | 28.56M |
| Accounts Payable | 9.91M | 4.19M | 1.86M | 2.62M | 474.39K |
| Short-Term Debt | 1.65M | ||||
| Current Portion of Leases | 81.22K | 76.19K | 66.88K | 58.48K | 50.72K |
| Current Income Taxes Payable | 205.25K | 451.95K | 119.90K | ||
| Other Current Liabilities | 891.60K | 23.37M | |||
| Total Current Liabilities | 9.99M | 5.16M | 2.13M | 4.78M | 24.02M |
| Long-Term Leases | 21.71K | 63.62K | 139.81K | 206.69K | 265.37K |
| Long-Term Deferred Tax Liabilities | 757.67K | 328.68K | 421.98K | 288.00K | |
| Total Liabilities | 10.01M | 5.98M | 2.60M | 5.41M | 24.57M |
| Common Stock | 65.56K | 57.71K | 54.62K | 51.77K | 30.00K |
| Additional Paid-In Capital | 18.37M | 11.83M | 9.17M | 2.77M | 226.27K |
| Retained Earnings | 1.12M | 5.22M | 3.94M | 3.27M | 794.26K |
| Total Common Equity | 19.55M | 17.11M | 13.17M | 6.09M | 1.05M |
| Minority Interest | 72.41K | 367.77K | |||
| Shareholders' Equity | 19.62M | 17.11M | 13.17M | 6.09M | 3.98M |
| Total Liabilities & Equity | 29.63M | 23.09M | 15.77M | 11.50M | 28.56M |
| Total Debt | 102.94K | 139.81K | 206.69K | 1.92M | 316.09K |
| Net Cash (Debt) | 6.41M | 7.53M | 7.64M | 501.18K | 1.17M |
| Net Cash Per Share | 0.11 | 0.13 | 0.14 | 0.01 | 0.02 |
| Filing Date Shares Outstanding | 65.53M | 59.96M | 54.61M | 51.77M | 48.14M |
| Total Common Shares Outstanding | 65.56M | 57.71M | 54.61M | 51.77M | 48.14M |
| Working Capital | 11.80M | 11.00M | 8.65M | 2.08M | 1.41M |
| Book Value Per Share | 0.30 | 0.30 | 0.24 | 0.12 | 0.02 |
| Tangible Book Value | 12.35M | 10.58M | 9.21M | 2.53M | -1.71M |
| Tangible Book Value Per Share | 0.19 | 0.18 | 0.17 | 0.05 | -0.04 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Net Income | -3.95M | 1.28M | 670.48K | 3.96M | 79.74K |
| Other Amortization | 1.35M | 900.58K | 1.04M | 339.30K | |
| Stock-Based Compensation | 1.70M | 1.57M | 468.49K | 566.04K | |
| Provision & Write-off of Bad Debts | -16.23K | -16.23K | 1.88K | ||
| Other Operating Activities | 3.29M | 4.63M | -157.30K | 117.98K | -314.08K |
| Change in Accounts Receivable | -7.24M | 907.05K | 586.68K | -1.28M | -775.27K |
| Change in Accounts Payable | 4.45M | 2.36M | -851.96K | 2.15M | 449.95K |
| Change in Income Taxes | -34.94K | -205.25K | -246.69K | 332.05K | 119.90K |
| Change in Other Net Operating Assets | -4.65M | -8.29M | 668.50K | -1.87M | 4.81K |
| Operating Cash Flow | -5.11M | 3.13M | 2.18M | 1.53M | 782.75K |
| Sale (Purchase) of Intangibles | -2.54M | -3.19M | -900.75K | -1.14M | -1.22M |
| Other Investing Activities | 64.00K | 64.00K | 64.00K | -800.00K | |
| Investing Cash Flow | -2.47M | -3.13M | -836.75K | -1.94M | -1.22M |
| Short-Term Debt Issued | 1.65M | ||||
| Total Debt Issued | 1.65M | ||||
| Short-Term Debt Repaid | -2.15M | ||||
| Long-Term Debt Repaid | -74.09K | ||||
| Total Debt Repaid | -2.15M | -74.09K | |||
| Net Debt Issued (Repaid) | -2.15M | 1.65M | -74.09K | ||
| Issuance of Common Stock | 6.40M | 23.43K | 8.21M | ||
| Common Dividends Paid | -46.97K | ||||
| Other Financing Activities | -449.73K | -210.82K | -1.98M | -306.12K | |
| Financing Cash Flow | 5.95M | -187.39K | 4.09M | 1.34M | 1.88M |
| Net Cash Flow | -1.62M | -179.49K | 5.43M | 928.40K | 1.44M |
| Levered Free Cash Flow | -6.67M | -2.30M | 1.41M | -87.81K | |
| Unlevered Free Cash Flow | -6.67M | -2.30M | 1.23M | -86.53K | |
| Cash Interest Paid | 4.57K | ||||
| Cash Income Tax Paid | 215.44K | 830.73K | 558.52K | ||
| Change in Working Capital | -7.47M | -5.23M | 156.52K | -668.13K | -200.61K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Market Capitalization | 37.83M | 90.49M | 289.54M | ||
| Enterprise Value | 31.42M | 82.62M | 288.02M | ||
| Last Close Price | 0.58 | 1.59 | 5.36 | ||
| PE Ratio | 70.75 | 431.84 | |||
| Forward PE | 28.91 | ||||
| PS Ratio | 1.15 | 2.71 | 14.86 | ||
| PB Ratio | 1.94 | 5.29 | 21.99 | ||
| P/TBV Ratio | 3.06 | 8.55 | 31.45 | ||
| P/OCF Ratio | 28.87 | 133.05 | |||
| EV/Sales Ratio | 0.96 | 2.48 | 14.78 | ||
| EV/EBIT Ratio | 54.05 | 290.95 | |||
| Debt / Equity Ratio | 0.01 | 0.01 | 0.02 | 0.31 | 0.08 |
| Debt / EBITDA Ratio | 0.09 | 0.19 | 0.55 | 1.44 | |
| Net Debt / Equity Ratio | -0.33 | -0.44 | -0.58 | -0.08 | -0.29 |
| Asset Turnover | 1.27 | 1.72 | 1.43 | 0.96 | |
| Quick Ratio | 1.85 | 2.31 | 4.69 | 1.32 | 0.10 |
| Current Ratio | 2.18 | 3.13 | 5.06 | 1.44 | 1.06 |
| Return on Equity (ROE) | -21.91% | 8.45% | 6.96% | 49.15% | |
| Return on Assets (ROA) | -12.72% | 4.92% | 4.54% | 10.56% | |
| Return on Invested Capital (ROIC) | -42.85% | 15.46% | 13.43% | 58.27% | 2.90% |
| Return on Capital Employed (ROCE) | -26.80% | 8.50% | 7.30% | 50.30% | 4.50% |
| Earnings Yield | -12.44% | 1.41% | 0.23% | ||
| Payout Ratio | 58.91% | ||||
| Buyback Yield / Dilution | -3.76% | -7.60% | -3.66% | -7.54% |