Health In Tech Announces Third Quarter 2025 Financial Results Revenue reached $8.5 million, up 90% year over year; nine-month revenue totaled $25.8 million, representing 132% of full-year 2024 total revenue. Adjusted EBI

In Tech Announces Third Quarter 2025 Financial Results

FL., Nov 10, 2025 /PRNewswire/ - Health In Tech (Nasdaq: HIT), an Insurtech platform company backed by third-party AI technology,

today announced its financial results for the third quarter ended September 30, 2025.

Highlights for the Third Quarter and Nine-Month of 2025:

Johnson, CEO of Health In Tech, said:

third quarter highlights the accelerating strength of our distribution ecosystem and the solid foundation we've built this year.

Revenue reached $8.5 million, up 90% year over year, bringing nine-month revenue to $25.8 million-already 132% of full-year 2024

revenue. This growth reflects the continued expansion of our broker, TPA, and agency network, which is now translating directly into

sustained revenue momentum as our technology gains adoption across new distribution channels."

September, we launched large-employer underwriting within eDIYBS, allowing brokers to generate quotes for groups of 150 or more employees

in as little as two weeks-versus the industry timeline of often three months. This capability is a significant milestone, extending

the speed and scalability of our small-business underwriting into the mid- and large-employer market. It marks a major step forward in

how health plans are designed, quoted, and delivered at scale."

also remain focused on solving one of the most costly inefficiencies in U.S. healthcare-claims administration, which costs the

industry more than $300 billion annually. Our non-binding LOI with AlphaTON Capital marks a strategic step toward exploring blockchain-enabled

solutions that can modernize this process. Together with AlphaTON and Brittany Kaiser's leadership in blockchain ethics and policy,

we're developing HITChain-a decentralized, verifiable claims infrastructure designed to compress processing timelines, eliminate

duplication, lower costs, and create a transparent system of record for all stakeholders.

combining insurance domain expertise with blockchain innovation, we're seeking to position Health In Tech at the frontier of decentralized

healthcare infrastructure-a market opportunity of substantial scale and long-term impact."

delivered another quarter of strong financial performance," said Julia Qian, CFO of Health In Tech. "Revenue grew 90% year

over year and profit increased 48%, reflecting both operational strength and disciplined execution. We continue to balance growth with

strategic investments in technology and enhanced platform capabilities-initiatives that reinforce our leadership position and support

sustainable long-term performance."

Business Developments and Highlights

In Tech will host a conference call to discuss the financial results for the Third quarter of 2025 on Nov 10, 2025, at 5:00 p.m. (ET).

To participate in our live conference call and webcast, please dial 1-888-346-8982 or 1-412-902-4272 (for international participants).

live audio webcast will be available via the Investor Relations page of Health In Tech's website at https://healthintech.com/.

A replay of the webcast will be available for on-demand listening shortly after the completion of the call, at the same web link, and

will remain available for approximately 90 days.

Financial Information

release presents Adjusted EBITDA, a non-GAAP financial metric, which is provided as a complement to the results provided in accordance

with accounting principles generally accepted in the United States of America ("GAAP"). A reconciliation of historical non-GAAP

financial information to the most directly comparable GAAP financial measure is provided in the accompanying tables found at the end

of Forward-Looking Statements

statements in this press release are forward-looking statements for purposes of the safe harbor provisions under the U.S. Private Securities

Litigation Reform Act of 1995. Forward-looking statements may include estimates or expectations about Health In Tech's possible or assumed

operational results, financial condition, business strategies and plans, market opportunities, competitive position, industry environment,

and potential growth opportunities. In some cases, forward-looking statements can be identified by terms such as "may," "will,"

"should," "design," "target," "aim," "hope," "expect," "could,"

"intend," "plan," "anticipate," "estimate," "believe," "continue," "predict,"

"project," "potential," "goal," or other words that convey the uncertainty of future events or outcomes.

These statements relate to future events or to Health In Tech's future financial performance, and involve known and unknown risks, uncertainties

and other factors that may cause Health In Tech's actual results, levels of activity, performance, or achievements to be different from

any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should

not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties and other factors

which are, in some cases, beyond Health In Tech's control and which could, and likely will, affect actual results, levels of activity,

performance or achievements. Any forward-looking statement reflects Health In Tech's current views with respect to future events and

is subject to these and other risks, uncertainties and assumptions relating to Health In Tech's operations, results of operations, growth

strategy and liquidity.

In Tech (Nasdaq: "HIT") is an Insurtech platform company backed by third-party AI technology, which offers a marketplace

that aims to improve processes in the healthcare industry through vertical integration, process simplification, and automation. By removing

friction and complexities, we streamline the underwriting, sales and service process for insurance companies, licensed brokers, and TPAs.

Learn more at healthintech.com.

Statements of Operations

Statements of Cash Flows

EBITDA Reconciliation

of Operating Results

we generate our revenue primarily from small employers and insurance carriers, we grow our business primarily from offering solutions

that streamline sales processes, enhance service delivery, and reduce the sales cycle duration for TPAs, MGUs, and Brokers. We offer

our services through our three subsidiaries. Program services provided by SMR and MGU activities provided by ICE (including eDIYBS) are

interdependent, as they cannot function effectively without being combined. Services provided by HI Card are an optional add-on to our

other services, and cannot be offered on a standalone basis. Brokers that utilize the program services on behalf of the small employer

provided by SMR and MGU activities provided by ICE, are not obligated to utilize our HI Card service. Currently ICE does not offer underwriting

services as a standalone service. In the future, we may consider offering it as a standalone service.

of revenues primarily consists of infrastructure costs to operate our platform such as hosting fees and fees paid to various third-party

partners for access to their technology, services and amortization expenses of our capitalized internal-use software related to our platform.

We mainly outsource captive management services and data services from the third-party companies. Our internal proprietary system seeks

to consistently improve underwriting and services results through machine learning and data feeds. The captive management activities

include introducing new carriers, conducting due diligence on carriers, conducting feasibility studies to determine the viability to

be a stop-loss carrier on the platform, negotiating terms and contracts, coordinating audit requests, managing relationship with unrelated

carriers and their regulators and auditor firms to ensure that our risk associated with our service offerings is minimized.

and marketing expenses

and marketing expenses primarily consist of personnel-related costs including salaries, stock-based compensation expense, benefits and

commissions cost for our sales and marketing personnel. Sales and marketing expenses also include the costs for advertising, promotional

and other marketing activities, as well as certain fees paid to various third-party for sales and customer acquisition.

and administrative expenses

and administrative expenses primarily consist of personnel-related costs and related expenses for our executives, finance, legal, human

resources, technical support, and administrative personnel as well as the costs associated with professional fees for external legal,

accounting and other consulting services, insurance premiums.

and development expenses

and development expenses primarily consist of personnel-related costs, including salaries, stock-based compensation expense and benefits

for our research and development personnel. Additional expenses include costs related to the software development, quality assurance,

and testing of new technology, and enhancement of our existing platform technology.

EBITDA represents our net income before net interest expense, taxes, and depreciation and amortization expense, adjusted to eliminate

stock-based compensation expense. Adjusted EBITDA is not a measure calculated in accordance with United States Generally Accepted Accounting

Principles, or GAAP. We exclude certain non-recurring or non-cash items when calculating Adjusted EBITDA, and we believe this approach

provides a more meaningful measure by offering a clearer view of our underlying operational performance.