CareCloud Q2 revenue rises 16%, slightly beats estimates

Carecloud

06/08/2026 12:28

Overview
Healthcare technology firm's Q2 revenue grew 16% yr/yr, slightly beating analyst expectations
Adjusted EBITDA for Q2 declined yr/yr to $5.9 mln
Company entered compliance and audit-defense market via Empower Healthcare acquisition

Outlook
CareCloud reaffirms 2026 revenue guidance of $128–$132 mln
Company maintains 2026 adjusted EBITDA forecast of $29–$31 mln
CareCloud expects 2026 GAAP EPS of $0.20–$0.23

Result Drivers
ACQUISITION IMPACT - Co said Empower Healthcare & Compliance Partners acquisition expanded product portfolio and opened new growth opportunities
CROSS-SELL POTENTIAL - Co said it is seeing increased adoption of AI-enabled offerings and expects to unlock cross-sell potential across expanded client base

Company press release: ID:nGNX4RG3Mq

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Slight Beat*
$31.88 mln
$31.85 mln (3 Analysts)
Q2 Adjusted EBITDA
 
$5.90 mln
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy"
Wall Street's median 12-month price target for CareCloud Inc is $6.00, about 136.2% above its August 5 closing price of $2.54
The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 13 three months ago

Reuters Recommended Reads
Aug 3 - HealthStream Q2 revenue beats estimates, helped by acquisitions
Aug 5 - Information Services Group Q2 revenue beats estimates, driven by AI-centered research
Aug 5 - Wolters Kluwer reports 5% organic revenue rise as clients adopt AI tools

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)