Health In Tech, Inc. Reports $8.1 Million Revenue and $2.5 Million Net Loss for Q2 2026

Health In Tech, Inc. (HIT) reported a total revenue of $8.1 million for the three months ended June 30, 2026, a decrease of 13.5% from $9.3 million in the same period of 2025. For the first half of 2026, revenues reached $16.8 million, down 2.9% from $17.3 million year-over-year. The decline in revenue was primarily attributed to the onboarding of a new stop-loss insurance carrier, which caused temporary sales delays. The company noted that this transition is expected to stabilize by September 2026, allowing for a recovery in business volume. The revenue breakdown showed that underwriting modeling revenues from ICE decreased significantly, while fees from SMR saw a smaller decline.

The company's gross profit for the second quarter was $3.9 million, representing 48.7% of total revenues, down from 67.7% in the prior year. This decline was driven by an increase in the cost of revenues, which rose to $4.1 million, or 51.3% of total revenues, compared to 32.3% in the same quarter of 2025. The increase in costs was largely due to the administrative services associated with the newly launched pre-designed self-funded plan administration services. Operating expenses also increased significantly, totaling $7.4 million for the quarter, up from $5.6 million in the previous year, primarily due to higher sales and marketing expenses and general administrative costs.

HIT's net loss for the second quarter was $2.5 million, compared to a net income of $630,631 in the same period last year. The loss attributable to common stockholders was $(0.04) per share, compared to a gain of $0.01 per share in the prior year. The company recognized an income tax benefit of $809,888 for the quarter, contrasting with an expense of $202,637 in the same quarter of 2025. The significant shift to a net loss was attributed to the onboarding challenges with the new carrier and increased operational costs.

As of June 30, 2026, HIT reported total assets of $29.6 million, up from $23.1 million at the end of 2025, driven by an increase in accounts receivable, which rose to $8.5 million from $756,288. Total liabilities also increased to $10 million, primarily due to higher accounts payable and accrued expenses related to the transition period. The company’s stockholders’ equity increased to $19.6 million, reflecting net proceeds from a private investment in public equity (PIPE) financing completed in March 2026.

Looking ahead, HIT anticipates that the transition to the new stop-loss insurance carrier will be completed by September 2026, which is expected to normalize revenue collections and improve operational efficiency. The company remains focused on expanding its network of brokers and third-party administrators while continuing to invest in technology and innovation to enhance its service offerings. The management expressed optimism about future growth, contingent on the successful integration of the new carrier and the ongoing development of its technology platform.