HIT
Health In Tech, Inc.
Price Chart
No historical data available
Latest Quote
$0.98
| Previous Close | $1.00 |
| Open | $0.98 |
| Day High | $1.02 |
| Day Low | $0.97 |
| Volume | 63,474 |
Stock Information
| Shares Outstanding | 53.83M |
| Total Debt | $103K |
| Cash Equivalents | $6.51M |
| Revenue | $32.83M |
| Net Income | $-3.95M |
| Sector | Technology |
| Industry | Software - Application |
| Market Cap | $64.22M |
| EPS (TTM) | $-0.07 |
| Exchange | NCM |
Recent Price History
About Health In Tech, Inc.
Health In Tech, Inc. operates as an insurance technology platform company in the United States. The company offers reference-based pricing, group insurance captives, community health plans, and association health programs for small businesses; SMR, a program manager specializing in customized self-funded benefits plans for businesses; ICE is, an MGU, which specializes in underwriting and providing administrative functions on behalf of stop loss carriers; and enhance do it yourself benefit system (eDIYBS), a web-based SaaS quoting platform to quote health insurance for small and medium sized employers. It also provides health intelligence (HI) cards to streamline the management of medical records and claims; and HI performance network, which offers a series of hospital facilities, as well as delivers medicare-based reimbursement pricing. Health In Tech, Inc. was founded in 2014 and is headquartered in Stuart, Florida.
đ° Latest News
Income Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Revenue | ||||
| Reconciled Cost Of Revenue | $12,389,783 | $4,051,439 | $2,303,911 | $334,188 |
| Cost Of Revenue | $12,389,783 | $4,051,439 | $2,303,911 | $334,188 |
| Total Revenue | $33,327,511 | $19,490,906 | $19,151,502 | $5,769,781 |
| Operating Revenue | $33,327,511 | $19,490,906 | $19,151,502 | $5,769,781 |
| Expenses | ||||
| Interest Expense | $0 | $495,000 | $2,052 | $4,572 |
| Total Expenses | $31,799,073 | $18,501,002 | $15,768,411 | $5,564,199 |
| Other Income Expense | $-264,188 | $271,211 | - | - |
| Other Non Operating Income Expenses | $-264,188 | $271,211 | - | - |
| Net Non Operating Interest Income Expense | $409,922 | $-372,115 | $38,805 | $-4,572 |
| Interest Expense Non Operating | $0 | $495,000 | $2,052 | $4,572 |
| Operating Expense | $19,409,290 | $14,449,563 | $13,464,500 | $5,230,011 |
| Selling And Marketing Expense | $4,185,766 | $3,158,257 | $3,380,375 | $1,165,204 |
| General And Administrative Expense | $13,654,262 | $8,477,407 | $8,079,329 | $3,270,190 |
| Total Other Finance Cost | - | - | $-38,805 | $4,572 |
| Income & Earnings | ||||
| Net Income From Continuing Operation Net Minority Interest | $1,278,842 | $670,477 | $995,406 | $402,826 |
| Net Interest Income | $409,922 | $-372,115 | $38,805 | $-4,572 |
| Interest Income | $409,922 | $122,885 | $40,857 | $0 |
| Normalized Income | $1,278,842 | $670,477 | $995,406 | $402,826 |
| Net Income From Continuing And Discontinued Operation | $1,278,842 | $670,477 | $2,476,660 | $79,742 |
| Net Income Common Stockholders | $1,278,842 | $670,477 | $2,476,660 | $79,742 |
| Net Income | $1,278,842 | $670,477 | $2,476,660 | $79,742 |
| Net Income Including Noncontrolling Interests | $1,278,842 | $670,477 | $3,957,914 | $-243,342 |
| Net Income Continuous Operations | $1,278,842 | $670,477 | $2,476,660 | $79,742 |
| Pretax Income | $1,674,172 | $889,000 | $3,421,896 | $201,010 |
| Interest Income Non Operating | $409,922 | $122,885 | $40,857 | $0 |
| Operating Income | $1,528,438 | $989,904 | $3,383,091 | $205,582 |
| Gross Profit | $20,937,728 | $15,439,467 | $16,847,591 | $5,435,593 |
| Net Income Discontinuous Operations | - | $0 | $1,481,254 | $-323,084 |
| Per Share | ||||
| Diluted EPS | $0.02 | $0.01 | $0.05 | $0.00 |
| Basic EPS | $0.02 | $0.01 | $0.05 | $0.00 |
| Other | ||||
| Tax Effect Of Unusual Items | $0 | $0 | $0 | $0 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Normalized EBITDA (Bullshit earnings) | $2,574,749 | $1,925,141 | $3,763,248 | $205,582 |
| Reconciled Depreciation | $900,577 | $541,141 | $339,300 | $0 |
| EBITDA (Bullshit earnings) | $2,574,749 | $1,925,141 | $3,763,248 | $205,582 |
| EBIT | $1,674,172 | $1,384,000 | $3,423,948 | $205,582 |
| Diluted Average Shares | $57,742,798 | $54,614,870 | $54,069,358 | $54,069,358 |
| Basic Average Shares | $55,843,821 | $54,614,870 | $54,069,358 | $54,069,358 |
| Diluted NI Availto Com Stockholders | $1,278,842 | $670,477 | $2,476,660 | $79,742 |
| Tax Provision | $395,330 | $218,523 | $945,236 | $121,268 |
| Research And Development | $1,569,262 | $2,813,899 | $2,004,796 | $794,617 |
| Selling General And Administration | $17,840,028 | $11,635,664 | $11,459,704 | $4,435,394 |
| Other Gand A | $13,654,262 | $8,477,407 | $8,079,329 | $3,270,190 |
| Minority Interests | - | $0 | $-1,481,254 | $323,084 |
Balance Sheet (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Assets | ||||
| Net Tangible Assets | $10,581,171 | $9,206,567 | $2,531,841 | $-1,705,796 |
| Total Assets | $23,089,961 | $15,768,489 | $11,503,292 | $28,555,847 |
| Total Non Current Assets | $6,928,985 | $4,984,725 | $4,644,025 | $3,126,367 |
| Non Current Prepaid Assets | $258,151 | $0 | - | - |
| Non Current Note Receivables | $0 | $815,995 | $815,999 | $0 |
| Goodwill And Other Intangible Assets | $6,530,894 | $3,962,461 | $3,561,385 | $2,756,324 |
| Other Intangible Assets | $6,530,894 | $3,962,461 | $3,561,385 | $2,756,324 |
| Current Assets | $16,160,976 | $10,783,764 | $6,859,267 | $25,429,480 |
| Other Current Assets | $3,280,148 | $787,161 | $264,382 | $53,285 |
| Current Deferred Assets | $170,977 | $0 | $261,769 | $0 |
| Receivables | $5,040,097 | $2,147,355 | $3,916,766 | $976,861 |
| Other Receivables | $3,467,814 | $500,252 | $1,681,100 | $2,277 |
| Loans Receivable | $815,995 | $0 | - | - |
| Accounts Receivable | $756,288 | $1,647,103 | $2,235,666 | $956,342 |
| Allowance For Doubtful Accounts Receivable | $0 | $0 | - | - |
| Gross Accounts Receivable | $756,288 | $1,647,103 | - | - |
| Cash Cash Equivalents And Short Term Investments | $7,669,754 | $7,849,248 | $2,416,350 | $1,487,953 |
| Cash And Cash Equivalents | $7,669,754 | $7,849,248 | $2,416,350 | $1,487,953 |
| Assets Held For Sale Current | - | - | $0 | $22,911,381 |
| Cash Financial | - | - | $2,416,350 | $1,487,953 |
| Other Non Current Assets | - | - | - | $48,228 |
| Debt | ||||
| Total Debt | $139,812 | $206,692 | $1,915,175 | $316,090 |
| Long Term Debt And Capital Lease Obligation | $63,617 | $139,811 | $206,693 | $265,371 |
| Current Debt And Capital Lease Obligation | $76,195 | $66,881 | $1,708,482 | $50,719 |
| Current Debt | - | - | $1,650,000 | - |
| Other Current Borrowings | - | - | $1,650,000 | - |
| Liabilities | ||||
| Total Liabilities Net Minority Interest | $5,977,896 | $2,599,461 | $5,410,066 | $27,137,548 |
| Total Non Current Liabilities Net Minority Interest | $821,292 | $468,487 | $628,673 | $3,119,409 |
| Non Current Deferred Liabilities | $757,675 | $328,676 | $421,980 | $288,000 |
| Non Current Deferred Taxes Liabilities | $757,675 | $328,676 | $421,980 | $288,000 |
| Current Liabilities | $5,156,604 | $2,130,974 | $4,781,393 | $24,018,139 |
| Other Current Liabilities | $891,598 | - | - | $23,373,126 |
| Payables And Accrued Expenses | $4,188,811 | $2,064,093 | $3,072,911 | $594,294 |
| Payables | $4,188,811 | $2,064,093 | $3,072,911 | $594,294 |
| Total Tax Payable | $0 | $205,253 | $451,946 | $119,899 |
| Income Tax Payable | $0 | $205,253 | $451,946 | $119,899 |
| Accounts Payable | $4,188,811 | $1,858,840 | $2,620,965 | $474,395 |
| Equity | ||||
| Common Stock Equity | $17,112,065 | $13,169,028 | $6,093,226 | $1,050,528 |
| Total Equity Gross Minority Interest | $17,112,065 | $13,169,028 | $6,093,226 | $1,418,299 |
| Stockholders Equity | $17,112,065 | $13,169,028 | $6,093,226 | $1,050,528 |
| Retained Earnings | $5,220,238 | $3,941,396 | $3,270,919 | $794,259 |
| Preferred Securities Outside Stock Equity | - | - | $0 | $2,566,038 |
| Other | ||||
| Ordinary Shares Number | $57,706,000 | $54,614,870 | $54,069,358 | $54,069,358 |
| Share Issued | $57,706,000 | $54,614,870 | $54,069,358 | $54,069,358 |
| Tangible Book Value | $10,581,171 | $9,206,567 | $2,531,841 | $-1,705,796 |
| Invested Capital | $17,112,065 | $13,169,028 | $7,743,226 | $1,050,528 |
| Working Capital | $11,004,372 | $8,652,790 | $2,077,874 | $1,411,341 |
| Capital Lease Obligations | $139,812 | $206,692 | $265,175 | $316,090 |
| Total Capitalization | $17,112,065 | $13,169,028 | $6,093,226 | $1,050,528 |
| Additional Paid In Capital | $11,834,121 | $9,173,017 | $2,770,538 | $211,269 |
| Capital Stock | $57,706 | $54,615 | $51,769 | $45,000 |
| Common Stock | $57,706 | $54,615 | $51,769 | $45,000 |
| Long Term Capital Lease Obligation | $63,617 | $139,811 | $206,693 | $265,371 |
| Current Capital Lease Obligation | $76,195 | $66,881 | $58,482 | $50,719 |
| Net PPE | $139,940 | $206,269 | $266,641 | $321,815 |
| Gross PPE | $139,940 | $206,269 | $266,641 | $321,815 |
| Other Properties | $139,940 | $206,269 | $266,641 | $321,815 |
| Minority Interest | - | - | $0 | $367,771 |
| Duefrom Related Parties Current | - | - | $0 | $18,242 |
Cash Flow Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Free Cash Flow | ||||
| Free Cash Flow | $-56,108 | $1,275,454 | $384,517 | $-436,627 |
| Operating Activities | ||||
| Operating Cash Flow | $3,133,813 | $2,176,209 | $1,528,878 | $782,752 |
| Cash Flow From Continuing Operating Activities | $3,133,813 | $2,176,209 | $1,528,878 | $782,752 |
| Investing Activities | ||||
| Capital Expenditure | $-3,189,921 | $-900,755 | $-1,144,361 | $-1,219,379 |
| Investing Cash Flow | $-3,125,921 | $-836,755 | $-1,944,361 | $-1,219,379 |
| Cash Flow From Continuing Investing Activities | $-3,125,921 | $-836,755 | $-1,944,361 | $-1,219,379 |
| Net Other Investing Changes | - | - | $-800,000 | - |
| Financing Activities | ||||
| Issuance Of Capital Stock | $0 | $8,214,000 | $0 | $2,000,000 |
| Financing Cash Flow | $-187,386 | $4,093,444 | $1,343,880 | $1,878,941 |
| Cash Flow From Continuing Financing Activities | $-187,386 | $4,093,444 | $1,343,880 | $1,878,941 |
| Net Other Financing Charges | $-210,816 | $-1,975,556 | $-306,120 | $-46,973 |
| Net Common Stock Issuance | $0 | $8,214,000 | $0 | - |
| Common Stock Issuance | $0 | $8,214,000 | $0 | - |
| Net Preferred Stock Issuance | - | - | $0 | $2,000,000 |
| Preferred Stock Issuance | - | - | $0 | $2,000,000 |
| Other | ||||
| Repayment Of Debt | $0 | $-2,145,000 | $0 | $-74,086 |
| Interest Paid Supplemental Data | $0 | $0 | $2,052 | $4,572 |
| Income Tax Paid Supplemental Data | $830,726 | $558,521 | $479,209 | $0 |
| End Cash Position | $7,669,754 | $7,849,248 | $2,416,350 | $1,487,953 |
| Beginning Cash Position | $7,849,248 | $2,416,350 | $1,487,953 | $45,639 |
| Changes In Cash | $-179,494 | $5,432,898 | $928,397 | $1,442,314 |
| Proceeds From Stock Option Exercised | $23,430 | $0 | - | - |
| Net Issuance Payments Of Debt | $0 | $-2,145,000 | $1,650,000 | $-74,086 |
| Net Short Term Debt Issuance | $0 | $-2,145,000 | $1,650,000 | $-74,086 |
| Short Term Debt Payments | $0 | $-2,145,000 | $0 | $-74,086 |
| Interest Received Cfi | $64,000 | $64,000 | $0 | - |
| Net Intangibles Purchase And Sale | $-3,189,921 | $-900,755 | $-1,144,361 | $-1,219,379 |
| Purchase Of Intangibles | $-3,189,921 | $-900,755 | $-1,144,361 | $-1,219,379 |
| Change In Working Capital | $-5,233,975 | $156,524 | $-2,886,317 | $451,056 |
| Change In Other Working Capital | $-551 | $1,889 | $-2,213,932 | $645,945 |
| Change In Other Current Liabilities | $-3,000,000 | $0 | - | - |
| Change In Payables And Accrued Expense | $2,152,860 | $-1,098,656 | $2,478,617 | $569,852 |
| Change In Payable | $2,152,860 | $-1,098,656 | $2,478,617 | $569,852 |
| Change In Account Payable | $2,358,113 | $-851,963 | $2,146,570 | $449,953 |
| Change In Tax Payable | $-205,253 | $-246,693 | $332,047 | $119,899 |
| Change In Income Tax Payable | $-205,253 | $-246,693 | $332,047 | $119,899 |
| Change In Prepaid Assets | $-1,948,184 | $-514,242 | $-211,097 | $-48,746 |
| Change In Receivables | $-2,438,100 | $1,767,533 | $-2,939,905 | $-715,995 |
| Changes In Account Receivables | $907,049 | $586,685 | $-1,279,324 | $-775,273 |
| Other Non Cash Items | $-64,000 | $431,004 | $-15,999 | - |
| Stock Based Compensation | $1,570,419 | $468,489 | $0 | $566,038 |
| Provisionand Write Offof Assets | $4,269,185 | $0 | - | - |
| Asset Impairment Charge | $-16,234 | $1,878 | $0 | - |
| Deferred Tax | $428,999 | $-93,304 | $133,980 | $9,000 |
| Deferred Income Tax | $428,999 | $-93,304 | $133,980 | $9,000 |
| Depreciation Amortization Depletion | $900,577 | $541,141 | $339,300 | $0 |
| Depreciation And Amortization | $900,577 | $541,141 | $339,300 | $0 |
| Amortization Cash Flow | $900,577 | $541,141 | $339,300 | $0 |
| Amortization Of Intangibles | $900,577 | $541,141 | $339,300 | $0 |
| Net Income From Continuing Operations | $1,278,842 | $670,477 | $3,957,914 | $-243,342 |
| Issuance Of Debt | - | $0 | $1,650,000 | $0 |
| Short Term Debt Issuance | - | $0 | $1,650,000 | $0 |