Syra Health Corp (NASDAQ: SYRA) is a healthcare services company that delivers population health, behavioral and mental health, digital health, health education and training, and healthcare workforce staffing to government and commercial healthcare organizations. Revenue comes from service contracts with government entities and commercial clients, supplemented by equity raises that have funded a significant portion of operations since inception. The company reported approximately $7.2 million in revenue for the year ended December 31, 2025, and $8.0 million for the year ended December 31, 2024, with net losses of $896,333 and $3,759,238 in those respective periods. Accumulated deficit stood at $9,720,526 as of December 31, 2025. Auditors included a going-concern explanatory paragraph in opinions for both FY2025 and FY2024. Syra Health launched Syrenity, an AI-driven mental health mobile application, in the fourth quarter of 2024. Cash as of December 31, 2025 was $1,614,733.

Revenue model

Service contracts with government and commercial healthcare organizations across population health, behavioral health, digital health, health education, and workforce staffing. Operations have been materially funded through equity issuances, including a September 2024 public offering that raised $2,050,000 in gross proceeds.

Products and services

Behavioral and mental health services; population health management; digital health platforms; health education and training; healthcare workforce development and staffing; Syrenity, an AI-driven mental health mobile application offering virtual consultations, cognitive behavioral therapy tools, symptom monitoring, and user diary engagement, launched Q4 2024.

Customers and end markets

Government healthcare organizations (including federal and state entities subject to appropriations risk) and commercial healthcare organizations such as health systems, large employers, and schools. Demand for staffing services is sensitive to hospital admission volumes and economic conditions.

Value-chain role

End-to-end healthcare services provider sitting between payers, government agencies, and healthcare facilities on the demand side and physicians, patients, and caregivers on the delivery side. Operates as a direct service contractor rather than a distributor or technology licensor.

Geographic exposure

United States. Government contracts subject to federal contracting regulations and state budget appropriations. No international operations referenced in the filing excerpts.

Competitors

Healthcare consulting service providers, Healthcare payment accuracy companies, Healthcare data analytics and risk adjustment solution providers

Source: SEC 10-K, filed 2026-03-12

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