JYNT · JOINT Corp
The Joint Corp. operates and is a franchisor and operator of chiropractic clinics in the United States. The company provides services under the franchise agreement, including training of franchisees and staff, site selection, construction/vendor management and ongoing operations support. It operates through a network of franchised clinics, offering routine and affordable chiropractic adjustments using a private pay, non-insurance, cash-based model. The company was incorporated in 2010 and is headquartered in Scottsdale, Arizona.
Cap structure and valuation
| Cap structure | |
|---|---|
| SP | $8.21 |
| SO | 14.3M |
| Options | 0.9M |
| Warrants | 0.1M |
| FD SO | 15.2M |
| MC | $125.2M |
| Cash | $20.7M |
| Total debt | $0.1M |
| EV | $104.6M |
| TTM Multiples | |
|---|---|
| EV / Revenue | 1.8x |
| EV / EBITDA | 44.1x |
| MC / Net Income | 38.6x |
| EV / FCF | 39.4x |
| MC / FCF | 47.1x |
MC = SP × FD SO. EV = MC + Debt − Cash. SP = previous yfinance close. Balance-sheet figures as of 2026-05-04. Multiples use TTM (sum of last 4 quarters); shown as "—" when the denominator is zero or negative.
Financial statements
| 3/31/26 | 12/31/25 | 9/30/25 | 6/30/25 | |
|---|---|---|---|---|
| Total Revenue | 14.82 | 15.17 | 13.38 | 13.27 |
| Revenue YoY % | 13.3% | 5.0% | (55.7%) | (56.1%) |
| Cost of Revenue | 2.72 | 2.82 | 2.66 | 2.77 |
| Gross Profit | 12.10 | 12.35 | 10.72 | 10.50 |
| Gross Profit YoY % | 19.7% | 9.6% | (60.9%) | (61.8%) |
| Gross Margin % | 81.6% | 81.4% | 80.1% | 79.1% |
| SG&A | 11.20 | 11.60 | 10.56 | 11.63 |
| Operating Expense | 11.22 | 11.61 | 10.56 | 11.64 |
| Operating Income | 0.87 | 0.74 | 0.16 | (1.14) |
| Operating Income YoY % | 228.8% | (21.3%) | 132.7% | 36.0% |
| Operating Margin % | 5.9% | 4.9% | 1.2% | (8.6%) |
| EBITDA | 1.28 | 1.19 | 0.62 | (0.72) |
| EBITDA Margin % | 8.6% | 7.8% | 4.7% | (5.4%) |
| Pretax Income | 1.31 | 0.99 | 0.87 | 0.10 |
| Tax Provision | 0.01 | 0.00 | 0.01 | 0.01 |
| Net Income | 1.30 | 0.99 | 0.86 | 0.09 |
| Net Margin % | 8.8% | 6.5% | 6.4% | 0.7% |
| Diluted EPS | $0.09 | $0.07 | $0.06 | $0.01 |
| Basic EPS | $0.09 | $0.07 | $0.06 | $0.01 |
| Diluted Avg Shares | 14.2 | -0.2 | 15.4 | 15.4 |
| Basic Avg Shares | 14.2 | -0.1 | 15.3 | 15.3 |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Total Revenue | 56.64 | 54.90 | 51.90 | 117.70 | 101.25 |
| Revenue YoY % | 3.2% | 5.8% | (55.9%) | 16.2% | — |
| Cost of Revenue | 10.98 | 11.23 | 11.52 | 10.48 | 9.17 |
| Gross Profit | 45.66 | 43.67 | 40.38 | 107.22 | 92.08 |
| Gross Profit YoY % | 4.6% | 8.1% | (62.3%) | 16.4% | — |
| Gross Margin % | 80.6% | 79.6% | 77.8% | 91.1% | 90.9% |
| SG&A | 44.99 | 44.58 | 42.12 | 36.20 | 90.84 |
| Operating Expense | 45.02 | 44.58 | 42.14 | 106.90 | 91.25 |
| Operating Income | 0.64 | (0.91) | (1.76) | 0.32 | 0.83 |
| Operating Income YoY % | 169.9% | 48.0% | (651.4%) | (61.6%) | — |
| Operating Margin % | 1.1% | (1.7%) | (3.4%) | 0.3% | 0.8% |
| EBITDA | 2.37 | 0.80 | 2.97 | 8.90 | 7.47 |
| EBITDA Margin % | 4.2% | 1.5% | 5.7% | 7.6% | 7.4% |
| Pretax Income | 3.27 | 2.95 | (8.47) | 1.27 | 0.70 |
| Tax Provision | 0.04 | 0.04 | 0.06 | 11.02 | 0.07 |
| Net Income | 3.24 | 2.91 | (8.53) | (9.75) | 0.63 |
| Net Income to Common | — | 2.91 | (5.80) | (9.75) | 0.63 |
| Net Margin % | 5.7% | 5.3% | (16.4%) | (8.3%) | 0.6% |
| Diluted EPS | $0.23 | $0.19 | -$0.56 | -$0.65 | $0.04 |
| Basic EPS | $0.23 | $0.19 | -$0.57 | -$0.66 | $0.04 |
| Diluted Avg Shares | 14.2 | 15.2 | 15.1 | 14.9 | 14.9 |
| Basic Avg Shares | 14.2 | 15.1 | 14.9 | 14.7 | 14.5 |
| 3/31/26 | 12/31/25 | 9/30/25 | 6/30/25 | |
|---|---|---|---|---|
| Cash & Equivalents | 20.68 | 23.60 | 29.70 | 29.81 |
| Receivables | 2.34 | 2.85 | 2.90 | 2.79 |
| Total Current Assets | 49.59 | 52.09 | 60.50 | 63.75 |
| Net PPE | 3.04 | 3.16 | 3.04 | 3.18 |
| Total Assets | 57.92 | 60.97 | 69.39 | 73.18 |
| Accounts Payable | 0.96 | 1.59 | 1.20 | 1.58 |
| Total Current Liabilities | 30.17 | 32.82 | 33.05 | 35.51 |
| Total Liabilities | 42.43 | 45.89 | 46.66 | 49.92 |
| Retained Earnings | (23.50) | (24.80) | (25.79) | (26.64) |
| Total Equity | 15.49 | 15.08 | 22.72 | 23.26 |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Cash & Equivalents | 20.68 | 23.60 | 25.05 | 18.15 | 9.75 |
| Receivables | 2.34 | 2.85 | 2.59 | 2.58 | 2.39 |
| Total Current Assets | 49.59 | 52.09 | 72.19 | 44.34 | 17.61 |
| Net PPE | 3.04 | 3.16 | 3.17 | 3.81 | — |
| Goodwill | — | — | — | 7.35 | 8.49 |
| Total Assets | 57.92 | 60.97 | 80.42 | 87.21 | 93.49 |
| Accounts Payable | 0.96 | 1.59 | 1.75 | 1.25 | 2.97 |
| Total Current Liabilities | 30.17 | 32.82 | 49.35 | 33.57 | 23.22 |
| Total Liabilities | 42.43 | 45.89 | 62.48 | 62.44 | 60.90 |
| Retained Earnings | (23.50) | (24.80) | (30.44) | (21.91) | (12.15) |
| Total Equity | 15.49 | 15.08 | 17.95 | 24.77 | 32.59 |
| 3/31/26 | 12/31/25 | 9/30/25 | 6/30/25 | |
|---|---|---|---|---|
| Net Income | 1.30 | 0.99 | 0.86 | 0.09 |
| D&A | 0.40 | 0.44 | 0.46 | 0.42 |
| Stock-Based Comp | 0.28 | 0.33 | 0.35 | 0.33 |
| Operating Cash Flow | (1.48) | 2.90 | 1.77 | 0.87 |
| CapEx | (0.23) | (0.35) | (0.32) | (0.51) |
| Investing Cash Flow | (0.23) | (0.35) | (0.32) | 7.23 |
| Stock Buyback | (1.15) | (9.02) | (2.28) | (0.01) |
| Financing Cash Flow | (1.16) | (8.96) | (1.74) | 0.00 |
| Free Cash Flow | (1.71) | 2.55 | 1.46 | 0.36 |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Net Income | 3.24 | 2.91 | (5.80) | (9.75) | 0.63 |
| D&A | 1.73 | 1.71 | 4.72 | 8.58 | 6.65 |
| Stock-Based Comp | 1.28 | 1.30 | 1.68 | 1.74 | 1.27 |
| Operating Cash Flow | 4.06 | 1.84 | 9.42 | 14.68 | 8.21 |
| CapEx | (1.41) | (1.50) | (1.19) | (5.00) | (5.90) |
| Investing Cash Flow | 6.33 | 6.27 | (0.63) | (6.19) | (17.90) |
| Stock Buyback | (12.46) | (11.31) | (0.01) | (0.00) | (0.01) |
| Financing Cash Flow | (11.87) | (9.81) | (2.00) | 0.17 | 0.33 |
| Free Cash Flow | 2.66 | 0.33 | 8.23 | 9.68 | 2.31 |
| 3/31/26 | 12/31/25 | 9/30/25 | 6/30/25 | |
|---|---|---|---|---|
| Current Ratio | 1.64 | 1.59 | 1.83 | 1.80 |
| Quick Ratio | — | — | — | — |
| Debt / Equity | 2.74 | 3.04 | 2.05 | 2.15 |
| EBITDA Margin % | 8.6% | 7.8% | 4.7% | (5.4%) |
| Working Capital | 19.42 | 19.27 | 27.45 | 28.24 |
| Net Debt | — | — | — | — |
| ROE % | 8.4% | 6.6% | 3.8% | 0.4% |
| ROA % | 2.2% | 1.6% | 1.2% | 0.1% |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Current Ratio | 1.64 | 1.59 | 1.46 | 1.32 | 0.76 |
| Quick Ratio | — | — | — | — | — |
| Debt / Equity | 2.74 | 3.04 | 3.48 | 2.52 | 1.87 |
| EBITDA Margin % | 4.2% | 1.5% | 5.7% | 7.6% | 7.4% |
| Working Capital | 19.42 | 19.27 | 22.84 | 10.76 | (5.60) |
| Net Debt | — | — | — | — | — |
| ROE % | 20.9% | 19.3% | (47.5%) | (39.4%) | 1.9% |
| ROA % | 5.6% | 4.8% | (10.6%) | (11.2%) | 0.7% |
Insider activity (last 2 years)
| Date Filed | Reporter | Relationship | Trans. Date | Code | Shares | Price | Total Value |
|---|---|---|---|---|---|---|---|
| 2026-05-14 | JOBSON CHARLES E | 10% Owner | 2026-05-13 | P | 20,375 | $8.57 | $174,614 |
| 2026-05-14 | JOBSON CHARLES E | 10% Owner | 2026-05-12 | P | 127,676 | $8.57 | $1,094,183 |
| 2026-04-23 | JOBSON CHARLES E | 10% Owner | 2026-04-21 | P | 509 | $8.58 | $4,367 |
| 2026-03-11 | Bowman Scott Justin | Officer (Chief Financial Officer) | 2026-03-09 | A | 28,301 | — | $0 |
| 2026-03-11 | Razdan Sanjiv Kumar | Director, Officer (See Remarks) | 2026-03-09 | A | 73,484 | — | $0 |
| 2026-02-17 | JOBSON CHARLES E | 10% Owner | 2026-02-12 | P | 15,397 | $8.50 | $130,874 |
| 2026-02-13 | JOBSON CHARLES E | 10% Owner | 2026-02-11 | P | 448 | $8.70 | $3,898 |
| 2026-01-27 | JOBSON CHARLES E | 10% Owner | 2026-01-26 | P | 725 | $10.00 | $7,250 |
| 2026-01-27 | JOBSON CHARLES E | 10% Owner | 2026-01-23 | P | 16,753 | $10.00 | $167,530 |
| 2026-01-08 | JOBSON CHARLES E | 10% Owner | 2026-01-06 | P | 5,240 | $8.89 | $46,584 |
| 2026-01-05 | JOBSON CHARLES E | 10% Owner | 2026-01-02 | P | 1,393 | $8.70 | $12,119 |
| 2026-01-05 | JOBSON CHARLES E | 10% Owner | 2025-12-31 | P | 11 | $8.70 | $96 |
| 2025-12-09 | JOBSON CHARLES E | 10% Owner | 2025-12-05 | P | 10,000 | $8.41 | $84,100 |
| 2025-12-03 | JOBSON CHARLES E | 10% Owner | 2025-12-01 | P | 13,000 | $8.41 | $109,330 |
| 2025-11-25 | JOBSON CHARLES E | 10% Owner | 2025-11-25 | P | 2,081 | $8.43 | $17,543 |
| 2025-11-25 | JOBSON CHARLES E | 10% Owner | 2025-11-24 | P | 4,680 | $8.36 | $39,125 |
| 2025-11-25 | JOBSON CHARLES E | 10% Owner | 2025-11-21 | P | 10,000 | $8.50 | $85,000 |
| 2025-08-22 | Grandpre Christopher M | Director | 2025-08-20 | P | 10,000 | $10.41 | $104,082 |
| 2025-08-19 | Grandpre Christopher M | Director | 2025-08-18 | P | 10,000 | $10.70 | $106,978 |
| 2025-08-19 | Grandpre Christopher M | Director | 2025-08-15 | P | 14,388 | $10.88 | $156,531 |
| 2025-07-23 | Grandpre Christopher M | Director | 2025-05-21 | A | 4,995 | — | $0 |
| 2025-06-12 | Bowman Scott Justin | Officer (Chief Financial Officer) | 2025-06-10 | A | 19,984 | — | $0 |
| 2025-06-05 | Karrmann Sandra R | Director | 2025-06-03 | A | 4,849 | — | $0 |
| 2025-05-23 | Rubel Matthew E | Director | 2025-05-21 | A | 4,995 | — | $0 |
| 2025-05-23 | Hong Abe | Director | 2025-05-21 | A | 4,995 | — | $0 |
| 2025-05-23 | Decker Suzanne M | Director | 2025-05-21 | A | 4,995 | — | $0 |
| 2025-05-23 | DaVella Ronald V | Director | 2025-05-21 | A | 4,995 | — | $0 |
| 2025-03-12 | Singleton Jake | Officer (Chief Financial Officer) | 2025-03-10 | A | 15,936 | — | $0 |
| 2025-03-12 | Razdan Sanjiv Kumar | Director, Officer (See Remarks) | 2025-03-10 | A | 50,973 | — | $0 |
| 2024-10-16 | Razdan Sanjiv Kumar | Director, Officer (See Remarks) | 2024-10-14 | A | 38,059 | — | $0 |
| 2024-10-16 | Razdan Sanjiv Kumar | Director, Officer (See Remarks) | 2024-10-14 | A | 38,059 | — | $0 |
| 2024-05-24 | Decker Suzanne M | Director | 2024-05-22 | A | 2,958 | — | $0 |
| 2024-05-24 | DaVella Ronald V | Director | 2024-05-22 | A | 2,958 | — | $0 |
| 2024-05-24 | KREVLIN GLENN J | Director | 2024-05-22 | A | 2,958 | — | $0 |
| 2024-05-24 | Rubel Matthew E | Director | 2024-05-22 | A | 2,958 | — | $0 |
| 2024-05-24 | Hong Abe | Director | 2024-05-22 | A | 2,958 | — | $0 |
| 2024-05-24 | Singleton Jake | Officer (Chief Financial Officer) | 2024-03-05 | A | 8,606 | — | $0 |
| 2024-05-24 | Holt Peter D | Director, Officer (President and CEO) | 2024-03-04 | A | 29,103 | — | $0 |
| 2024-05-24 | Singleton Jake | Officer (Chief Financial Officer) | 2024-03-04 | A | 17,874 | — | $0 |