The Joint Corp. (JYNT)

From the record

The Joint Corp.'s filings since 2017 show 11 warning events of 5 kinds: a debt default or acceleration notice (8-K item 2.04, the latest 2023-09-12); a notice about its exchange listing (8-K item 3.01, the latest 2023-08-25); a warning not to rely on past financial statements (8-K item 4.02, 3 times, the latest 2025-07-30); an auditor change (8-K item 4.01, 2 times, the latest 2021-03-30); a late-report notice (Form NT 10-K or NT 10-Q, 4 times, the latest 2025-08-12) (its current reports).

From the record

The Joint Corp.'s 9 filed years say what it did: revenue went from $25 million in fiscal 2017 to $55 million in fiscal 2025, up 10.4% a year; it rose in 6 of 8 years; the deepest fall was 41% from fiscal 2021 to fiscal 2023; net income was positive in 5 of 8 of those years (its annual reports).

From the record

Over the 3 fiscal years to 2025-12-31, The Joint Corp.'s diluted share count grew about 0.7% a year, and dividends and buybacks returned about 44% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 0 sales and 0 purchases of their own stock on the open market in the year to 2026-11-12 (their Form 4 filings).

From the record

Return on equity: in the fiscal year ended 2025-12-31, The Joint Corp. earned about 19 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 72 cents per dollar of everything the company owns (revenue less the cost of revenue). Leverage: it owed about 75 cents per dollar of assets, and net share issuance: its share count grew 0.3% over the year (the filed statements).

From the record

The Joint Corp.'s standing among 11 graded names in its industry family: revenue of $55 million in fiscal 2025 ranks in the top 41% by size; a net margin of 5.3% ranks in the top 35%; revenue growth of 1.7% a year over the last 3 filed years ranks in the bottom 35% (its annual reports).

From the record

The Joint Corp.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Razdan, Sanjiv Kumar (The reporting person is President, Chief Executive Officer, and Director., as filed), filing under that title since 2024-10-16, 2.1 years (bottom 28% of its family); the 7 officers and directors filing in the last fifteen months have been on the record a median of 1.5 years (bottom 6%); 6 officer or director changes were reported on Form 8-K since 2023-11-13, against the 7 people in charge now (bottom 6%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

The Joint Corp.'s room to grow, from the newest filed statements (fiscal 2025): cash of $24 million against no long-term debt tagged leaves 38.7% of its assets as net cash, top 15% of its family; cash from operations less capital spending is 0.6% of revenue (top 41%); a gross margin of 79.6% (top 44%) (its annual report).

From the record

The Joint Corp.'s growth drivers, from the filed years to fiscal 2025: revenue grew 1.7% a year over the last three filed years against 10.4% over all 9, slowing (bottom 35% of its family); the newest year grew 5.2% (bottom 35%); capital spending grew -36.6% a year (bottom 21%) (its annual reports). The Joint Corp. reported 5 product lines in fiscal 2025: Royalty at $33 million (61%), Advertising at $10 million (19%), Technology Service at $6 million (11%), and 2 more; 4 of 5 grew against the year before (its annual report).

From the record

The Joint Corp.'s newest year against its own record: revenue of $55 million in fiscal 2025 came in 5.2% above the $52 million its prior three years' pace pointed to (bottom 35% of its family); net income of $3 million against a prior three-year average of $7 million (top 17%); a net margin of 5.3% against -14.3% before (top 50%) (its annual reports).