Hydreight Reports Record Q2 2026 Revenue of $28.0 Million, Net Income of $2.5 Million and Adjusted EBITDA of $3.2 Million

Hydreight Technologies Inc. reported record Q2 2026 revenue of $28.0 million, an increase of 421% year-over-year. Gross profit was $5.4 million, net income was $2.5 million, and Adjusted EBITDA was $3.2 million.

Revenue increased 421% from $5.4 million in Q2 2025 and approximately 12.5% from Q1 2026. Gross profit increased 182% from $1.9 million in Q2 2025 and approximately 7% quarter-over-quarter. Net income was $2.5 million, compared with $0.05 million in Q2 2025. Adjusted EBITDA was $3.2 million, compared with $0.2 million in Q2 2025.

For the six months ended June 30, 2026, Hydreight generated $53.0 million in revenue, an increase of 434% year-over-year, with $5.1 million in net income and approximately $6.5 million in Adjusted EBITDA.

Hydreight's second-quarter revenue growth was driven by the scaling of the VSDHOne platform, order flow, organic growth in new business partners, renewals from existing partners, and additions to service offerings. Pharmacy product sales increased to approximately $26.2 million during Q2 2026, compared with $4.5 million during Q2 2025. The Company's virtual healthcare/direct-to-consumer segment generated approximately $22.8 million of revenue during Q2 2026, compared with approximately $0.7 million in Q2 2025. For the first six months of 2026, the segment generated approximately $42.7 million, compared with approximately $1.0 million during the corresponding period in 2025.