Canada's WELL Health Q2 revenue rises, lifts 2026 outlook
Canada's WELL Health Q2 revenue rises, lifts 2026 outlook
Overview
Canada digital healthcare firm's Q2-2026 revenue rose 12% yr/yr, driven by Canadian Patient Services
Adjusted EBITDA fell 3% due to prior-year Circle Medical Deferrals impact
Company raised 2026 revenue and adjusted EBITDA guidance, completed two Canadian clinic acquisitions
Outlook
WELL raises 2026 revenue guidance to $1.58 bln-$1.65 bln from $1.55 bln-$1.65 bln
Company lifts 2026 Adjusted EBITDA guidance to $185 mln-$195 mln from $175 mln-$185 mln
WELL expects no further Circle Medical Deferral recognition for the remainder of 2026
Result Drivers
CANADIAN PATIENT SERVICES - Co said Q2-2026 revenue growth was driven by 32% increase in Canadian Patient Services revenue, attributed to higher patient visits and expanded provider base
CIRCLE MEDICAL DEFERRALS - Co said 3% decline in Adjusted EBITDA reflected impact of Circle Medical Deferrals which had boosted prior-year results
ACQUISITIONS - Co said two acquisitions during Q2-2026 expanded Canadian clinic network to 275 clinics and contributed to annualized Adjusted EBITDA run-rate exceeding $100 mln
Company press release: ID:nNFC8F6fsK
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Adjusted EPS |
| C$0.04 |
|
Q2 Adjusted Gross Margin |
| 44.6% |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the healthcare facilities & services peer group is "buy"
Wall Street's median 12-month price target for WELL Health Technologies Corp. is C$7.13, about 74.2% above its August 5 closing price of C$4.09
The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 14 three months ago
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(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.)