03/19/2026
WELL is pleased to announce it has filed its audited annual financial statements for the fiscal year and fourth quarter ended December 31, 2025. Please see key highlights below.
📌 WELL achieved record annual revenue of $1.40 billion in 2025, an increase of 52% compared to the prior year.
📌 WELL achieved record Adjusted EBITDA of $203.7 million in 2025, an increase of 336% compared to $46.7 million in 2024
📌 Canadian Patient Services revenue increased 39% to $444.3 million and Adjusted EBITDA increased 43% to $58.1 million in 2025
📌 WELL achieved record Operating Free Cash Flow Attributable to Shareholders or “FCFA2S” in 2025 of $58.2 million representing an increase of approximately 19% as compared to $48.9 million in 2024.
📌 WELL is pleased to provide a positive outlook for 2026 with annual guidance for revenue between $1.55 billion to $1.65 billion, and Adjusted EBITDA between $175 million to $185 million.
Hamed Shahbazi, Chairman and CEO of WELL commented, “2025 was the year we crystallized who we are: WELL is building the infrastructure for a healthier Canada. Our clinics deliver care, WELLSTAR powers the digital workflows, HEALWELL applies AI at enterprise scale, and CyberWELL protects the data. With the expansion of our credit facility and the largest acquisition pipeline in our history, we are well positioned to accelerate growth in our highest-return market while unlocking value from our US portfolio."
Read the full news release here: https://ow.ly/hHEA50YweHz