Health In Tech Reports Third Quarter 2026 Financial Results

Sanjay Shrestha, Chief Executive Officer of Health In Tech

“It is a privilege to lead Health In Tech into its next chapter, and I want to thank Tim Johnson, our founder and Executive Chairman, and the Board for their confidence. Throughout my career, I have focused on scaling businesses, developing growth strategies, and leveraging capital markets to support long-term value creation. I have substantial operational experience scaling new products from incubation to meaningful commercial scale, building large scale process plants, and renewable assets on global basis. These experiences reinforce the importance of aligning commercial execution, operational discipline, and capital allocation. Having previously served as a director on Health In Tech's Board and then as a strategic advisor to the Board, I have gained valuable perspective on the Company's technology foundation, business model, and market opportunities. I look forward to bringing my experience and a fresh perspective to help unlock the next phase of growth. Health In Tech has established a strong technology foundation and a substantial pipeline of commercial opportunities. For the first nine months of 2026, we had $32.7 million Contracted Revenue and as of September 30, 2026, we had achieved $91.8 million in Platform Placed Plan Value. As of October 30, 2026, our pipeline represented approximately $156.4 million in potential annualized revenue, which we refer to as pipeline revenue. These metrics illustrate the scale of activity across our marketplace and the opportunities ahead. However, we recognize that our reported financial performance has not yet fully reflected the potential of our platform. Our immediate priority is to improve quote-to-bind conversion, translate marketplace activity into placed policies and recognized revenue, and strengthen overall financial performance. During 2026, the Company has invested in expanding its distribution network, strengthening carrier and strategic partnerships, and advancing new technology and products. Our existing eDIYBS and SMR platforms, together with HitRix, HitChain and the Three-Year Rate Stabilization Program, provide multiple avenues for future growth. As we move into 2027, our focus will increasingly shift toward commercialization, disciplined execution, and generating measurable returns from these investments. Since assuming the CEO role, I have initiated a comprehensive review of our commercial operations, organizational capabilities, cost structure, and capital allocation priorities. We are focused on strengthening commercial execution, improving operating efficiency, and scaling our existing businesses. At the same time, we will evaluate strategic acquisitions, partnerships, and other expansion opportunities that could complement our platform, accelerate growth, and enhance long-term shareholder value. We expect to provide a more detailed update on our strategic priorities when we report our full-year 2026 results. With Tim continuing to lead long-term strategy, technology innovation, and product development as Executive Chairman, we have an opportunity to combine his deep insurance industry expertise and entrepreneurial vision with my experience in business scaling, capital markets, and strategic execution. Our objective is to transform the strong foundation we believe Health In Tech has built into a more scalable, commercially successful, and financially disciplined business that creates sustainable long-term shareholder value.”