CareCloud, Inc. reported its financial results for the third quarter and the first nine months of 2025, revealing a net revenue of $31.1 million for the three months ended September 30, 2025, a 9% increase from $28.5 million in the same period of 2024. For the nine months, revenue rose to $86.1 million, up 4% from $82.6 million year-over-year. The company attributed this growth to its technology-enabled business solutions, which generated $21.6 million and $58.3 million in revenue for the respective periods. Net income for the third quarter was $3.1 million, slightly down from $3.1 million in the prior year, while net income for the nine months reached $7.9 million, compared to $4.6 million in 2024.
The company experienced notable changes in its operational structure, including the acquisition of Medsphere Systems Corporation, which contributed approximately $3.4 million in revenue during the third quarter. CareCloud also acquired RevNu Medical Management, further expanding its service offerings in the healthcare IT sector. The company’s total assets increased to $90.6 million as of September 30, 2025, up from $71.6 million at the end of 2024, primarily due to the acquisitions and an increase in accounts receivable.
Operationally, CareCloud reported a customer base of approximately 45,000 providers across 3,400 independent medical practices and hospitals. The company’s workforce included around 350 U.S.-based employees and 3,500 offshore staff, which contributed to a competitive cost structure. The company’s direct operating costs increased by 5% to $16.2 million for the third quarter, driven by higher salary and outsourcing costs. Selling and marketing expenses decreased by 18% to $1.1 million, reflecting a strategic reduction in headcount and marketing activities.
Looking ahead, CareCloud's management expressed optimism about future growth, emphasizing ongoing efforts to enhance profitability and manage expenses. The company has resumed dividends on its preferred stock after a suspension in December 2023, indicating a commitment to returning value to shareholders. CareCloud anticipates that its strategic acquisitions and focus on technology-enabled solutions will continue to drive revenue growth and improve operational efficiency in the coming quarters.
About CareCloud, Inc.
CareCloud, Inc. provides cloud-based healthcare technology solutions, including revenue cycle management, electronic health records, practice management, and AI-driven tools. Serving medical practices, hospitals, and health systems nationwide, it enhances operational efficiency, financial performance, and patient experience. The company leverages proprietary software, offshore staffing, and strategic partnerships to deliver integrated services that support healthcare providers through industry shifts toward value-based care and digital health innovation.
About 10-Q Filings
A 10-Q form is an important financial report that public companies in the United States must submit every three months. It gives a clear picture of a company's financial health and recent performance.
Key points about the 10-Q:
- Frequency: Companies file it three times a year, covering the first three quarters. The fourth quarter is covered in a more comprehensive annual report.
-
Content: It includes:
- Financial statements showing the company's current financial position
- Updates from management on the performance and projections of the business
- Information about potential risks the company faces
- Details on how the company is run internally
- Deadline: Must be filed within 40 or 45 days after the quarter ends, depending on the size of the company.
Our Methodology
AssetRoom is committed to providing timely summaries of news from public companies. We use AI to generate these summaries quickly, but they are not reviewed by human experts.
Our method:
- Data Collection: We continuously monitor for new filings (currently limited to US-listed stocks).
- AI-Powered Analysis: Our advanced AI system processes each filing, identifying key information and extracting relevant data.
- Summary Generation: The AI creates a concise, easy-to-understand summary of the filing, highlighting the most important points.
- Publication: The summary is immediately published on our platform, allowing users instant access to the latest information.
- Email users: We distribute round-up emails according to our users preferences, keeping them in the loop with the companies they follow.
Feedback & Corrections
Spot an error or have a suggestion? Contact us.