Healthcare Triangle Reports 19% Revenue Growth in Q2 2025, Acquires Niyama Healthcare

Healthcare Triangle, Inc. reported a revenue increase of 19% for the second quarter of 2025, generating approximately $3.6 million compared to $3.0 million in the same period last year. For the first half of 2025, total revenue reached $7.3 million, a slight increase from $7.1 million in the prior year. Despite the revenue growth, the company recorded a net loss of $1.4 million for the quarter, slightly improved from a loss of $1.5 million in Q2 2024. The loss for the first half of 2025 was $3.1 million, compared to $3.4 million in the same period last year.

The company’s financial position showed significant changes compared to the previous fiscal period. Total current assets increased to $8.9 million as of June 30, 2025, from $1.9 million at the end of 2024, primarily due to a rise in cash and cash equivalents, which reached $3.2 million. Current liabilities decreased to $3.2 million from $6.6 million, leading to a notable improvement in the current ratio to 1.75, up from 0.7 at the end of 2024. The company’s stockholders’ equity also turned positive, amounting to $10.2 million, compared to a deficit of $5.1 million at the end of 2024.

Strategically, Healthcare Triangle completed the acquisition of Niyama Healthcare, Inc. on June 16, 2025, for a total consideration of $5.7 million, which included cash, stock, and potential earn-out payments based on future performance. This acquisition is expected to enhance the company’s capabilities in mental health and hospital information systems across various regions, including India and Southeast Asia. The company also reported an increase in its employee count to 44 full-time employees, reflecting its growth strategy and operational expansion.

Operationally, the company experienced varied performance across its service segments. Revenue from Software Services surged by 217% to $2.1 million, while Managed Services and Support saw a decline of 38% to $1.4 million. The Platform Services segment remained stable, generating $70,000 in revenue. The company’s top five customers accounted for 58% of total revenue in Q2 2025, down from 68% in the previous year, indicating a slight diversification in its customer base.

Looking ahead, Healthcare Triangle anticipates continued growth driven by its strategic investments in sales and marketing, as well as the adoption of its Software as a Service (SaaS) offerings. The company aims to enhance its market share and improve profitability through higher-margin contracts and increased customer retention. However, it acknowledges the challenges posed by long procurement cycles typical in the healthcare sector and the need for ongoing innovation to meet customer demands.