CareRx Reports Results for the Third Quarter of 2026
Key Highlights
- ➤Revenue $95.3 million in Q3 2026, up from $93.2 million year over year
- ➤Adjusted EBITDA $8.1 million, down from $8.3 million year over year
- ➤Adjusted EBITDA margin fell to 8.5% from 9.0% year over year
- ➤Approximately 3,000 new retirement residents onboarded following national customer win
- ➤Cash from operations fell to $6.5 million from $10.1 million year over year
Expert Statements
Puneet Khanna, President and Chief Executive Officer of CareRx
“CareRx successfully onboarded approximately 3,000 new retirement residents in the third quarter, following our recently announced win of a new national customer. We were able to commence service quickly in communities across the country, while providing seamless and timely service to our new residents. That efficiency speaks to the strength of the CareRx platform and the value our team brings every day. We are confident that our pharmacy network and our team is equipped to handle additional scale and support our future growth.”
Toronto, Ontario--(Newsfile Corp. - November 4, 2026) - CareRx Corporation (TSX: CRRX) ("CareRx" or the "Company"), Canada's leading provider of pharmacy services to seniors living and other congregate care communities, today reported its financial results for the third quarter ended September 30, 2026.
Highlights for the Third Quarter of 2026 * Average Beds Serviced(1) increased to 93,225 in Q3 2026 from 91,298 Average Beds Serviced in Q3 2025 (91,719 - Q2 2026). * Revenue increased to $95.3 million in Q3 2026, compared to $93.2 million in Q3 2025 ($93.6 million - Q2 2026). * Adjusted EBITDA(1) decreased to $8.1 million in Q3 2026, compared to $8.3 million in Q3 2025 ($8.0 million - Q2 2026). * Adjusted EBITDA Margin(1 )decreased to 8.5% in Q3 2026 from 9.0% in Q3 2025 (8.6% - Q2 2026). * Cash from Operations decreased to $6.5 million in Q3 2026, compared to $10.1 million in Q3 2025 ($3.7 million - Q2 2026). "CareRx successfully onboarded approximately 3,000 new retirement residents in the third quarter, following our recently announced win of a new national customer," said Puneet Khanna, President and Chief Executive Officer of CareRx. "We were able to commence service quickly in communities across the country, while providing seamless and timely service to our new residents. That efficiency speaks to the strength of the CareRx platform and the value our team brings every day. We are confident that our pharmacy network and our team is equipped to handle additional scale and support our future growth."
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