$JYNT

JOINT Corp

CIK:0001612630|SEC Filings

Condensed Consolidated Statements Of Operations - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Revenues:
Total revenues	$ 15,181,914	$ 13,270,270	$ 30,002,147	$ 26,347,860
Cost of revenues:
Total cost of revenues	2,477,250	2,772,607	5,199,905	5,744,733
Selling and marketing expenses	4,886,151	3,483,844	8,603,055	6,988,994
Depreciation and amortization	422,861	402,295	819,554	764,225
General and administrative expenses	7,556,216	7,745,251	14,641,202	14,660,196
Total selling, general and administrative expenses	12,865,228	11,631,390	24,063,811	22,413,415
Net loss on disposition or impairment	208,093	4,440	233,420	6,413
(Loss) income from continuing operations	(368,657)	(1,138,167)	505,011	(1,816,701)
Other income, net	126,438	159,922	366,673	345,839
(Loss) income before income tax expense	(242,219)	(978,245)	871,684	(1,470,862)
Income tax expense	9,108	11,390	20,220	24,794
Net (loss) income from continuing operations	(251,327)	(989,635)	851,464	(1,495,656)
Discontinued operations:
Income from discontinued operations before income tax expense	901,789	1,183,199	1,280,502	2,760,428
Income tax (benefit) expense from discontinued operations	(2,559)	100,201	179,810	203,613
Net income from discontinued operations	904,348	1,082,998	1,100,692	2,556,815
Net income	$ 653,021	$ 93,363	$ 1,952,156	$ 1,061,159
Net (loss) income from continuing operations per common share:
Basic (in dollars per share)	$ (0.01)	$ (0.06)	$ 0.06	$ (0.10)
Diluted (in dollars per share)	(0.01)	(0.06)	0.06	(0.10)
Net income from discontinued operations per common share:
Basic (in dollars per share)	0.06	0.07	0.08	0.17
Diluted (in dollars per share)	0.06	0.07	0.08	0.17
Net income per common share:
Net income per basic share (in dollars per share)	0.05	0.01	0.14	0.07
Net income per diluted share (in dollars per share)	$ 0.05	$ 0.01	$ 0.14	$ 0.07
Basic weighted average shares (in shares)	14,244,929	15,326,317	14,213,195	15,256,755
Diluted weighted average shares (in shares)	14,246,993	15,400,408	14,216,232	15,328,198
Royalty fees
Revenues:
Total revenues	$ 8,327,549	$ 8,133,121	$ 16,359,838	$ 16,204,107
Franchise fees
Revenues:
Total revenues	750,587	768,100	1,895,655	1,596,619
Cost of revenues:
Cost of revenues	2,070,339	2,350,613	4,340,097	4,901,848
Advertising fund revenue
Revenues:
Total revenues	3,715,837	2,332,695	7,362,920	4,640,197
Software fees
Revenues:
Total revenues	1,547,331	1,481,661	3,082,232	2,943,628
Cost of revenues:
Cost of revenues	406,911	421,994	859,808	842,885
Other revenues
Revenues:
Total revenues	$ 840,610	$ 554,692	$ 1,301,502	$ 963,309

Condensed Consolidated Statements of Cash Flows - USD ($)	3 Months Ended				6 Months Ended		12 Months Ended
	Jun. 30, 2026	Mar. 31, 2026	Jun. 30, 2025	Mar. 31, 2025	Jun. 30, 2026	Jun. 30, 2025	Dec. 31, 2025
Cash flows from operating activities:
Net income	$ 653,021	$ 1,299,135	$ 93,363	$ 967,796	$ 1,952,156	$ 1,061,159
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization					829,001	807,730
Net loss on disposition or impairment					1,427,651	2,892,265
Net franchise fees recognized upon termination of franchise agreements					(395,159)	(174,285)
Provision for credit losses					122,823	0	$ 286,232
Stock-based compensation expense					703,180	624,929
Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable					454,019	1,558,183
Prepaid expenses and other current assets					(833,199)	(1,743,981)
Deferred franchise costs					408,499	183,839
Deposits and other assets					34,849	18,332
Accounts payable					(607,825)	(91,075)
Accrued expenses					629,565	(3,408,504)
Payroll liabilities					(2,560,203)	(1,446,598)
Operating leases					(1,615,535)	(2,719,624)
Deferred revenue					(625,793)	(508,565)
Upfront regional developer fees					(238,727)	(145,605)
Other liabilities					1,030,748	259,795
Net cash provided by (used in) operating activities					716,050	(2,832,005)
Cash flows from investing activities:
Proceeds from sale of clinics					1,160,284	7,778,287
Purchase of property and equipment					(490,858)	(836,545)
Net cash provided by investing activities					669,426	6,941,742
Cash flows from financing activities:
Payments of finance lease obligation					0	(4,354)
Purchases of treasury stock under employee stock plans					(74,983)	(8,440)
Purchases of treasury stock under employee stock plans					(1,821,864)	0
Proceeds from exercise of stock options					37,228	905,976
Net cash (used in) provided by financing activities					(1,859,619)	893,182
(Decrease) increase in cash, cash equivalents and restricted cash					(474,143)	5,002,919
Cash, cash equivalents and restricted cash, beginning of period		$ 24,301,868		$ 25,996,436	24,301,868	25,996,436	25,996,436
Cash, cash equivalents and restricted cash, end of period	23,827,725		30,999,355		23,827,725	30,999,355	24,301,868
Reconciliation of cash, cash equivalents and restricted cash:
Cash and cash equivalents	22,157,203		29,811,667		22,157,203	29,811,667	23,601,810
Restricted cash	1,670,522		1,187,688		1,670,522	1,187,688
Cash, cash equivalents and restricted cash, end of period	$ 23,827,725		$ 30,999,355		23,827,725	30,999,355	$ 24,301,868
Net cash paid for:
Interest					25,139	25,139
Income taxes, net of refunds					145,079	382,419
Non-cash investing and financing activity:
Unpaid purchases of property and equipment					$ 60,500	$ 7,488

Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 22,157,203	$ 23,601,810
Restricted cash	846,359	700,058
Accounts receivable, net	2,407,080	2,849,864
Deferred franchise and regional development costs, current portion	895,572	945,933
Prepaid expenses and other current assets	2,735,610	1,744,556
Discontinued operations current assets ($1.0 million attributable to VIEs)	14,760,981	22,246,318
Total current assets	43,802,805	52,088,539
Property and equipment, net	2,823,232	3,159,226
Operating lease right-of-use asset	1,454,886	1,572,173
Deferred franchise and regional development costs, net of current portion	3,259,579	3,827,129
Deposits and other assets	286,847	319,460
Total assets	51,627,349	60,966,527
Current liabilities:
Accounts payable	1,097,862	1,588,665
Accrued expenses	1,855,708	1,501,838
Co-op funds liability	846,359	700,058
Payroll liabilities	2,139,102	4,055,752
Operating lease liability, current portion	340,885	194,179
Deferred franchise fee revenue, current portion	2,698,531	2,519,018
Upfront regional developer fees, current portion	178,540	277,394
Other current liabilities	641,515	611,231
Discontinued operations current liabilities ($3.2 million and $6.1 million attributable to VIEs, respectively)	14,180,239	21,368,446
Total current liabilities	23,978,741	32,816,581
Operating lease liability, net of current portion	1,696,293	1,815,527
Deferred franchise fee revenue, net of current portion	9,861,323	10,899,271
Upfront regional developer fees, net of current portion	215,683	355,556
Total liabilities	35,752,040	45,886,935
Commitments and contingencies (Note 10)
Stockholders' equity:
Series A preferred stock, $0.001 par value; 50,000 shares authorized, zero shares issued and outstanding, respectively	0	0
Common stock, $0.001 par value; 20,000,000 shares authorized, 15,755,965 shares issued and 14,199,592 shares outstanding and 15,471,715 shares issued and 14,142,626 shares outstanding, respectively	15,755	15,471
Additional paid-in capital	52,766,531	52,026,407
Treasury stock 1,556,373 shares and 1,329,089 shares, at cost, respectively	(14,088,928)	(12,192,081)
Accumulated deficit	(22,843,049)	(24,795,205)
Total The Joint Corp. stockholders' equity	15,850,309	15,054,592
Non-controlling Interest	25,000	25,000
Total equity	15,875,309	15,079,592
Total liabilities and stockholders' equity	$ 51,627,349	$ 60,966,527