CareCloud Reports Q2 2025 Financial Results with $27.4M Revenue and Increased Net Income

CareCloud, Inc. reported its financial results for the second quarter of 2025, revealing a net revenue of $27.4 million, a decrease of 3% from $28.1 million in the same quarter of 2024. For the first half of 2025, the company achieved a net revenue of $55.0 million, reflecting a slight increase of 2% compared to $54.1 million in the prior year. The company's operating income for the second quarter was $3.0 million, up from $2.3 million a year earlier, while net income rose to $2.9 million from $1.7 million in the previous year. This resulted in a net income per common share of $0.04, compared to a loss of $0.14 per share in the same quarter of 2024.

In terms of operational metrics, CareCloud's direct operating costs decreased by 5% to $14.5 million for the second quarter, contributing to an overall reduction in total operating expenses, which fell by 6% to $24.4 million. The company also reported a significant reduction in selling and marketing expenses, which dropped by 33% to $1.1 million, attributed to a reduction in headcount and lower marketing activities. General and administrative expenses increased by 8% to $4.4 million, primarily due to higher salary costs.

Strategically, CareCloud completed the acquisition of RevNu Medical Management in April 2025, which is expected to enhance its presence in the audiology and hearing aid billing sector. The acquisition has already contributed approximately $333,000 in revenue during the second quarter. The company continues to focus on integrating AI into its product offerings, with the launch of its cirrusAI platform aimed at improving clinical workflows and patient care.

As of June 30, 2025, CareCloud reported total assets of $75.2 million, up from $71.6 million at the end of 2024. The company maintained a strong cash position with $10.4 million in cash and cash equivalents, a significant increase from $5.1 million at the end of the previous year. The company’s workforce included approximately 300 U.S.-based employees and 3,600 offshore staff, reflecting its strategy to leverage cost-effective labor while maintaining service quality.

Looking ahead, CareCloud's management expressed confidence in its ability to sustain liquidity and profitability, emphasizing ongoing efforts to manage expenses and grow revenue. The company anticipates that its strategic initiatives, including the integration of AI technologies and the expansion of its service offerings, will continue to drive growth in the coming quarters.