Health In Tech, Inc.
Business
Health In Tech, Inc. (HIT) is an AI-enabled insurance technology platform company that operates a marketplace for self-funded health benefits plans and stop-loss insurance. The platform streamlines underwriting, quoting, and sales processes for insurance carriers, brokers, managing general underwriters, and third-party administrators through automated medical underwriting and AI-backed technology. HIT operates three main service divisions—Stone Mountain Risk (program management for self-funded benefits), International Captive Exchange (MGU underwriting and quoting via eDIYBS platform), and HI Card (unified healthcare data and claims platform)—serving employers, brokers, and TPAs across 40 states.
Summary from 10-K filed 2026-03-25
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|---|
| Total revenues | 33 | 19 | 19 | |
| Cost of revenues | 12 | 4 | 2 | |
| Gross profit | 21 | 15 | 17 | |
| Sales and marketing expenses | 4 | 3 | 3 | |
| General and administrative expenses | 14 | 8 | 8 | |
| Research and development expenses | 2 | 3 | 2 | |
| Total operating expenses | 19 | 14 | 13 | |
| Interest income | 409,922 | 122,885 | 40,857 | |
| Interest expenses | — | −495,000 | −2,052 | |
| Other income | 118,399 | 271,211 | — | |
| Other expense | −382,587 | — | — | |
| Total other income (expense), net | 145,734 | −100,904 | 38,805 | |
| Income before income tax expense | 2 | 889,000 | 3 | |
| Provision for income taxes | −395,330 | −218,523 | −945,236 | |
| Net income | 1 | 670,477 | — | |
| Basic (in Dollars per share) | 0.02 | 0.01 | — | |
| Diluted (in Dollars per share) | 0.02 | 0.01 | — | |
| Basic (in Shares) | 56 | 52 | — | |
| Diluted (in Shares) | 58 | 54 | — |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | 8 | 8 | 2 | |
| Accounts receivable, net | 756,288 | 2 | 2 | |
| Loans receivable, net | 815,995 | — | — | |
| Other receivables, net | 3 | 500,252 | 2 | |
| Deferred offering costs | 170,977 | — | 261,769 | |
| Prepaid expenses and other current assets | 3 | 787,161 | 264,382 | |
| Total current assets | 16 | 11 | 7 | |
| Software | 7 | 4 | 4 | |
| Loans receivable, net | — | 815,995 | 815,999 | |
| Operating lease right of use assets | 139,940 | 206,269 | 266,641 | |
| Long-term prepaid expenses | 258,151 | — | — | |
| Total non-current assets | 7 | 5 | 5 | |
| Total assets | 23 | 16 | 12 | |
| Accounts payable and accrued expenses | 4 | 2 | 3 | |
| Income taxes payable | — | 205,253 | — | |
| Operating lease liabilities current | 76,195 | 66,881 | 58,482 | |
| Other current liabilities | 891,598 | — | — | |
| Total current liabilities | 5 | 2 | 5 | |
| Deferred tax liabilities | 757,675 | 328,676 | 421,980 | |
| Operating lease liabilities non-current | 63,617 | 139,811 | 206,693 | |
| Total non-current liabilities | 821,292 | 468,487 | 628,673 | |
| Total liabilities | 6 | 3 | 5 | |
| Commitments and contingencies (Note 6) | — | — | — | |
| Additional paid-in capital | 12 | 9 | — | |
| Retained earnings | 5 | 4 | 3 | |
| Total stockholders equity | 17 | 13 | 6 | |
| Total liabilities and stockholders equity | 23 | 16 | 12 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|---|
| Bad debt expense (recovery) | −16,234 | 1,878 | — | |
| Amortization expense | 900,577 | 541,141 | — | |
| Provision for refund liability | 4 | — | — | |
| Provision for credit losses on other receivables | 377,587 | — | — | |
| Deferred tax expenses (benefits) | 428,999 | −93,304 | 133,980 | |
| Amortization of debt discount | — | 495,000 | — | |
| Interest income | −64,000 | −63,996 | −15,999 | |
| Stock-based compensation expense | 2 | 468,489 | — | |
| Accounts receivable | 907,049 | 586,685 | −1 | |
| Other receivables | −3 | 1 | −2 | |
| Prepaid expenses and other assets | −2 | −514,242 | — | |
| Operating lease right-of-use assets and liabilities, net | −551 | 1,889 | — | |
| Accounts payable and accrued expenses | 2 | −851,963 | 2 | |
| Income taxes payable | −205,253 | −246,693 | 332,047 | |
| Other current liabilities | −3 | — | — | |
| Net cash provided by operating activities | 3 | 2 | 2 | |
| Development of software | −3 | −900,755 | −1 | |
| Interest received from loans receivable | 64,000 | 64,000 | — | |
| Net cash used in investing activities | −3 | −836,755 | −2 | |
| Proceeds from issuance of Class A common stock in connection with initial public offering, net of underwriting discounts and commissions | — | 8 | — | |
| Proceeds from stock option exercises | 23,430 | — | — | |
| Payments of deferred offering costs | −210,816 | −2 | −261,769 | |
| Repayments of notes payable | — | −2 | — | |
| Net cash provided by (used in) financing activities | −187,386 | 4 | 1 | |
| Increase (decrease) in cash and cash equivalents | −179,494 | 5 | 928,397 | |
| Cash paid for interest | — | — | 2,052 | |
| Cash paid for income taxes | 830,726 | 558,521 | 479,209 | |
| Accrued deferred offering costs included in accounts payable and accrued expenses | — | 39,839 | — | |
| Accrued development of software included in accounts payable and accrued expenses | 38,363 | 50,000 | — | |
| Issuance of Class A common stock for future service | 1 | — | — | |
| Reclassification of deferred offering costs to additional paid-in capital upon initial public offering | — | 2 | 3 | |
| Stock-based compensation capitalized for software development | 290,726 | — | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Health In Tech, Inc.'s CIK number?
Health In Tech, Inc.'s SEC CIK number is 0002019505 (2019505). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Health In Tech, Inc.'s SEC filings?
All of Health In Tech, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Health In Tech, Inc. last report earnings?
Health In Tech, Inc. (HIT) most recently filed an earnings 8-K with the SEC on May 13, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001213900-26-055824). This is Health In Tech, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Health In Tech, Inc.'s most recent earnings 8-K?
Health In Tech, Inc.'s latest earnings 8-K (Item 2.02) was filed May 13, 2026 under accession 0001213900-26-055824. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Health In Tech, Inc.'s latest earnings 8-K →
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