CARMEL, Ind., March 12, 2026 /PRNewswire/ -- Syra Health Corp. (OTCQB: SYRA) ("Syra Health" or the "Company"), an integrated healthcare solutions company powering better health outcomes through prevention-focused, accessible, and affordable solutions, announced today its financial results for the fourth quarter and full year ended December 31, 2025.
Q4 and Full Year 2025 Financial Highlights
2026 Financial Outlook
Recent Operational Highlights
Management Commentary
Greg Alexander, CEO of Syra Health, said, "2025 was a breakout year for Syra Health. Our team delivered on two fronts, driving 157% growth in Population Health revenue while aggressively restructuring our cost base, cutting our net loss by 76%, and improving gross margins by 14 percentage points. This combination of top-line momentum and bottom-line discipline is what gives us confidence in our path to profitability by year-end 2026. Our evolution into an integrated healthcare solutions company reflects the strength and breadth of our portfolio. We are proud of what our team has built, and we remain committed to delivering value for our shareholders and better health outcomes for the communities we serve across the U.S."
2025 Financial Results
For FY2025 ending December 31, revenue was $7.2 million, a 9% decrease compared to $8.0 million in FY2024, primarily due to the previously announced slowing or termination of federal government funding that supports many of the Company's customers at the state and county government level.
Adjusted EBITDA for 2025 was ($863K) compared to ($3.7 million) in 2024, indicating significant year-over-year efficiency gains and improvement in the company's operational profitability.
Cash on hand was $1.6 million, and there was no long-term debt as of December 31, 2025.
| Syra Health Corp | |||
| Balance Sheets | |||
| | |||
| | December 31, 2025 | | December 31, 2024 |
| ASSETS | | | |
| Current assets: | | | |
| Cash | $ 1,614,733 | | $ 2,395,405 |
| Accounts receivable, net | 918,374 | | 680,827 |
| Other current assets | 205,423 | | 276,563 |
| Total current assets | 2,738,530 | | 3,352,795 |
| Property and equipment, net | 6,986 | | 27,347 |
| Right of use asset | 27,401 | | 299,190 |
| | | | |
| Total assets | $ 2,772,917 | | $ 3,679,332 |
| | | | |
| LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) | | | |
| Current liabilities: | | | |
| Accounts payable | $ 247,520 | | $ 101,690 |
| Accounts payable, related parties | 72,000 | | - |
| Accrued expenses | 194,821 | | 230,383 |
| Deferred revenue | 16,611 | | 16,611 |
| Current portion of operating lease liability, related party | 27,401 | | 111,978 |
| Notes payable | 116,386 | | 152,887 |
| | | | |
| Total current liabilities | 674,739 | | 613,549 |
| Non-current portion of operating lease liability, related party | - | | 187,212 |
| Total liabilities | 674,739 | | 800,761 |
| | | | |
| Stockholders' equity: | | | |
| Preferred stock, $0.001 per value, 10,000,000 shares authorized, none issued | - | | - |
| Class A Common stock, $0.001 par value, 100,000,000 shares authorized, 11,339,169 and 8,979,204 issued and outstanding at December 31, 2025 and 2024 respectively | 11,339 | | 8,979 |
| Class B Common stock, $0.001 par value, 5,000,000 shares authorized, 600,000 and 833,334 issued and outstanding at December 31, 2025 and 2024 respectively | 600 | | 833 |
| Additional paid in capital | 11,806,765 | | 11,692,952 |
| Accumulated deficit | (9,720,526) | | (8,824,193) |
| Total stockholders' equity | 2,098,178 | | 2,878,571 |
| | | | |
| Total liabilities and stockholders' equity | 2,772,917 | | $ 3,679,332 |
| Syra Health Corp | |||||
| Statements of Operations | |||||
| For the Years Ended December 31, 2025 and 2024 | |||||
| | | | | | |
| | | | December 31, 2025 | | December 31, 2024 |
| | | | | | |
| Net revenues | | | $ 7,225,973 | | $ 7,982,082 |
| Cost of services | | | 4,738,211 | | 6,329,119 |
| Gross profit | | | 2,487,762 | | 1,652,963 |
| OPERATING EXPENSES: | | | | | |
| Salaries and benefits | | | 1,500,688 | | 2,718,743 |
| Professional services | | | 737,714 | | 606,051 |
| Research and development expenses | | | 67,840 | | 585,146 |
| Selling, general and administrative expenses | | | 1,065,376 | | 1,445,170 |
| Depreciation | | | 20,468 | | 62,738 |
| Total operating expenses | | | 3,392,086 | | 5,417,848 |
| | | | | | |
| Net loss from operations | | | (904,324) | | (3,764,885) |
| | | | | | |
| OTHER INCOME (EXPENSES): | | | | | |
| Interest income | | | 21,261 | | 21,247 |
| Interest expense | | | (13,270) | | (15,600) |
| Total other income (expense) | | | 7,991 | | 5,647 |
| | | | | | |
| NET INCOME (LOSS) | | | $ (896,333) | | $ (3,759,238) |
| | | | | | |
| Loss per common share, basic and diluted | $ (0.08) | | $ (0.50) | ||
| Weighted average number of common shares outstanding, basic and diluted | | | 11,852,347 | | 7,551,576 |
| | | | | | |
| Syra Health Corp | ||||
| Statements of Cash Flows | ||||
| | For the Years Ended December 31, 2025 and 2024 | |||
| | | |||
| | | 2025 | | 2024 |
| CASH FLOWS FROM OPERATING ACTIVITIES: | | | | |
| | Net Income (Loss) | $ (896,333) | | $ (3,759,238) |
| | Adjustments to reconcile net loss to net cash used in operating activities: | | | |
| | Depreciation Expense | 20,468 | | 62,738 |
| | Common stock issued for services | 2,586 | | 71,378 |
| | Stock-based compensation, stock options | 98,554 | | 59,803 |
| | Non-cash lease expense | - | | 89,500 |
| Changes in operating assets and liabilities: | | | | |
| | Accounts receivable | (237,547) | | 379,807 |
| | Accounts receivable, related party | - | | 50,614 |
| | Other current assets | 382,258 | | 491,883 |
| | Right-of-use asset | 105,670 | | - |
| | Accounts payable | 145,830 | | (361,301) |
| | Accounts payable, related parties | 72,000 | | - |
| | Deferred revenue | - | | 16,611 |
| | Accrued expenses | (35,562) | | 55,672 |
| | Operating lease liability | (105,670) | | (89,500) |
| Net cash used in operating activities | (447,746) | | (2,932,033) | |
| | | | | |
| CASH FLOWS FROM INVESTING ACTIVITIES: | | | | |
| | Purchases of property and equipment | (107) | | (11,111) |
| Net cash provided by (used in) investing activities | (107) | | (11,111) | |
| | | | | |
| CASH FLOWS FROM FINANCING ACTIVITIES: | | | | |
| | Proceeds received on exercise of Class A common stock warrants | 14,800 | | 2,469,150 |
| | Repayment of notes payable | (347,619) | | (410,676) |
| Net cash provided by financing activities | (332,819) | | 2,058,474 | |
| | | | | |
| Net change in cash | (780,672) | | (884,670) | |
| | | | | |
| Cash at beginning of period | 2,395,405 | | 3,280,075 | |
| | | | | |
| Cash at end of period | $ 1,614,733 | | $ 2,395,405 | |
| | | | | |
| Supplemental disclosure of cash flow information: | | | | |
| | Cash paid for interest | $ 13,270 | | $ 15,600 |
| | Cash paid for taxes | - | | - |
| | | | | |
| Non-cash investing and financing activities: | | | | |
| | Conversion of Class B common stock to Class A common stock | $ 2,333 | | $ - |
| | Initial recognition of right-of-use asset and lease liability | $ - | | $ 325,491 |
| | Amendment of right-of-use asset and lease liability | $ 166,119 | | $ - |
| | Options issued for director fees | $ - | | $ 24,267 |
| | Prepaid asset financed with note payable | $ 311,118 | | $ 378,659 |
Non-GAAP Financial Measures
In addition to financial results reported in accordance with accounting principles generally accepted in the United States of America ("GAAP"), we have provided the following non-GAAP financial measure in this release and the accompanying tables: adjusted EBITDA. We use this non-GAAP financial measures internally to facilitate period-to-period comparisons and analysis of our operating performance and liquidity, and believe it is useful to investors as a supplement to GAAP measures in analyzing, trending, and benchmarking the performance and value of our business. However, this measure is not intended to be a substitute for those reported in accordance with GAAP. These measures may be different from non-GAAP financial measures used by other companies, even when similar terms are used to identify such measures. For reconciliations of historical non-GAAP financial measures to the most comparable financial measures under GAAP, see the table below.
| Syra Health Corp EBITDA | |||
| | |||
| | Year Ended | ||
| | December 31, 2025 | | December 31, 2024 |
| | | | |
| Net Loss | $ (896,333) | | $ (3,759,238) |
| Interest expense | 13,270 | | 15,600 |
| Depreciation expense | 20,468 | | 62,738 |
| Taxes | - | | - |
| Earnings before Interest, Taxes Depreciation and Amortization | $ (862,595) | | $ (3,680,900) |
| | | | |
| | Quarter ended | ||
| | December 31, 2025 | | December 31, 2024 |
| | | | |
| Net Loss | $ (134,570) | | $ (504,397) |
| Interest expense | 5,369 | | 5,528 |
| Depreciation expense | 2,297 | | 7,278 |
| Taxes | - | | - |
| Earnings before Interest, Taxes Depreciation and Amortization | $ (126,904) | | $ (491,591) |
| | | | |
About Syra Health
Syra Health is an integrated healthcare solutions company serving government and commercial healthcare organizations with innovative solutions that improve health outcomes. We specialize in healthcare prevention, expanding access, and delivering affordable solutions. Our healthcare analytics capabilities provide proactive, actionable insights and data-driven intelligence, and our HIPAA-compliant and fully accessible digital health solutions enable measurable health outcomes in highly regulated healthcare environments. Through training and education, we help healthcare organizations reduce costs and deliver consistent, high-quality care.
Forward-Looking Statements
Statements in this press release about future expectations, plans, and prospects, as well as any other statements regarding matters that are not historical facts, may constitute "forward-looking statements." These statements include but are not limited to, statements relating to the expected use of proceeds, the Company's operations and business strategy, and the Company's expected financial results. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "will," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. The forward-looking statements contained in this press release are based on management's current expectations and are subject to substantial risks, uncertainty, and changes in circumstances. Investors should read the risk factors set forth in our Form 10-K for the year ended December 31, 2025, and other periodic reports filed with the Securities and Exchange Commission. Any forward-looking statements contained in this press release speak only as of the date hereof, and, except as required by federal securities laws, the Company specifically disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events, or otherwise.
Contact
Christine Drury
IR/PR
Syra Health
463-345-5180
christined@syrahealth.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/syra-health-posts-strong-fy2025-results-with-157-population-health-growth-and-76-net-loss-reduction-targets-profitability-by-year-end-2026-302711575.html
SOURCE Syra Health
Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte.
