JOINT Corp
For the period ended Dec 31, 2025. Filed Mar 13, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Mar 13, 2026
JYNT$6.83+2.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows for the
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Year Ended December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash flows from operating activities: | ||
| Net income (loss) | $2,907,265 | $(5,796,893) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
| Depreciation and amortization | 1,713,719 | 4,722,137 |
| Net loss on disposition or impairment | 5,448,908 | 7,780,574 |
| Net franchise fees recognized upon termination of franchise agreements | (347,097) | (239,335) |
| Deferred income taxes | 93,066 | (55,556) |
| Provision for credit losses | 286,232 | 220,893 |
| Stock-based compensation expense | 1,297,433 | 1,679,005 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 1,534,554 | (1,645,078) |
| Prepaid expenses and other current assets | (35,389) | 101,167 |
| Deferred franchise costs | 547,192 | 499,285 |
| Deposits and other assets | (5,276) | 8,827 |
| Accounts payable | (391,127) | 68,258 |
| Accrued expenses | (2,994,297) | 4,609,759 |
| Payroll liabilities | (839,892) | 2,398,765 |
| Operating leases | (5,103,266) | (3,796,648) |
| Deferred revenue | (1,444,410) | (597,489) |
| Upfront regional developer fees | (285,443) | (421,213) |
| Other liabilities | (543,663) | (121,408) |
| Net cash provided by operating activities | 1,838,509 | 9,415,050 |
| Cash flows from investing activities: | ||
| Proceeds from sale of clinics | 7,778,287 | 554,100 |
| Purchase of property and equipment | (1,503,785) | (1,185,647) |
| Net cash provided by (used in) investing activities | 6,274,502 | (631,547) |
| Cash flows from financing activities: | ||
| Payments of finance lease obligations | (4,354) | (25,484) |
| Purchases of treasury stock under employee stock plans | (8,440) | (9,583) |
| Purchases of common stock under stock repurchase programs | (11,313,583) | — |
| Proceeds from exercise of stock options | 1,518,798 | 33,708 |
| Repayment of Debt under the Credit Agreement | — | (2,000,000) |
| Net cash used in financing activities | (9,807,579) | (2,001,359) |
| (Decrease) increase in cash, cash equivalents and restricted cash | (1,694,568) | 6,782,144 |
| Cash, cash equivalents and restricted cash, beginning of period | 25,996,436 | 19,214,292 |
| Cash, cash equivalents and restricted cash, end of period | $24,301,868 | $25,996,436 |
| December 31, 2025 | December 31, 2024 | |
| Reconciliation of cash, cash equivalents and restricted cash: | ||
| Cash and cash equivalents | $23,601,810 | $25,051,355 |
| Restricted cash | 700,058 | 945,081 |
| Total cash, cash equivalents and restricted cash | $24,301,868 | $25,996,436 |
Supplemental cash flow disclosures:
The following table represents supplemental cash flow disclosures and non-cash investing and financing activities:
| Year Ended December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Net cash paid for: | ||
| Interest | $50,694 | $69,445 |
| Income taxes | 626,752 | 610,492 |
| Non-cash investing and financing activity: | ||
| Unpaid purchases of property and equipment | 245,250 | 124,699 |
| Stock option exercise receivable | — | 896,766 |
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