Joint Corp
thejoint.comWhat Do They Do?
Licenses chiropractic clinic franchises to franchisees and provides appointment-free chiropractic adjustments and wellness plans to patients.
10-K for FY2025, filed Mar 13, 2026We are a growing franchisor and operator of chiropractic clinics that uses a private pay, non-insurance, cash-based model. We seek to be…View ↗
Since acquiring the predecessor to our company in March 2010, we have grown our enterprise from eight to 960 clinics in operation as of…View ↗
We deliver convenient, appointment-free chiropractic adjustments in an inviting, open bay environment at prices that are approximately 51%…View ↗
How Do They Make Money?
Franchisees pay sales-based royalties and advertising fees collected after sales periods; initial franchise fees are paid when agreements are signed, and software fees are paid monthly.
10-K for FY2025, filed Mar 13, 2026Royalties and Advertising Fund Revenue. We collect royalties, as stipulated in the franchise agreement, equal to 7% of gross sales, and a…View ↗
Franchise Fees. We require the entire non-refundable initial franchise fee to be paid upon execution of a franchise agreement, which…View ↗
Software Fees. We collect a monthly fee from our franchisees for the use of our proprietary chiropractic software, computer support and…View ↗
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10-K for FY2025, filed Mar 13, 2026
FY2025 revenue by product or service ↗
$54.9M
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10-K for FY2025, filed Mar 13, 2026
$54.9M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Royalty fees
Licensed
10-K for FY2025, filed Mar 13, 2026 |
60% |
Royalty fees, FY2025
$33.2M Sources
|
Licensed |
|
Franchise
Licensed
|
6.1% |
Franchise, FY2025
$3.4M Sources
|
Licensed |
|
Advertising fund revenue
Usage-based
10-K for FY2025, filed Mar 13, 2026 |
19% |
Advertising fund revenue, FY2025
$10.5M Sources
|
Usage-based |
|
Software fees
Recurring
10-K for FY2025, filed Mar 13, 2026 |
11% |
Software fees, FY2025
$6M Sources
|
Recurring |
|
Other revenues
|
3.3%
FY2022: 100%
|
Other revenues, FY2025
$1.8M Sources
|
Who Are Their Customers?
Franchisees contract with the company for clinic licenses and support; patients receive care at company-operated or franchised clinics and pay with cash or major credit cards.
10-K for FY2025, filed Mar 13, 2026
Do Revenues Turn Into Profits?
Yes. It kept 5 cents of every revenue dollar as net income in FY2025 and turned 1 cent into free cash flow.
10-K for FY2025, filed Mar 13, 2026
−$913.4KView ↗
10-K for FY2025, filed Mar 13, 2026
$2.9MView ↗
10-K for FY2025, filed Mar 13, 2026
$334.7KView ↗
How Are They Changing?
10-Q for Q2 FY2026, filed Aug 7, 2026
Open tableView ↗
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May 1, 2026
Agreed to sell 45 Southern California clinics to Elite Chiro Group
The buyer took ownership of 13 clinics and began operating the other 32 pending lease assignments.
Sources
8-K, filed May 1, 2026
On April 27, 2026, we closed on 13 clinics in the Elite Chiro Group Transaction, with Elite Chiro Group assuming ownership on such date. In…View ↗
Shift toward franchising
The older report described both franchising and company operation, with plans to expand company-owned clinics through acquisitions. The latest report describes a move to a pure-play franchisor through divestitures of company-owned and managed clinics.
10-K for FY2022, filed Mar 10, 2023 10-K for FY2025, filed Mar 13, 2026We intend to transition to a pure-play franchisor business from our historical operations of both franchisor and operator of chiropractic…View ↗
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