# EDGAR Filing Document

**Accession Number:** 0001612630
**File Stem:** 0001612630-26-000018
**Filing Date:** 2026-3
**Character Count:** 63559
**Document Hash:** 099818da726f60a22d04c96d6078fec8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001612630-26-000018.hdr.sgml**: 20260312

**ACCESSION NUMBER**: 0001612630-26-000018

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 40

**CONFORMED PERIOD OF REPORT**: 20260312

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260312

**DATE AS OF CHANGE**: 20260312

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** JOINT Corp
- **CENTRAL INDEX KEY:** 0001612630
- **STANDARD INDUSTRIAL CLASSIFICATION:** PATENT OWNERS & LESSORS [6794]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 900544160
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-36724
- **FILM NUMBER:** 26747571

**BUSINESS ADDRESS:**
- **STREET 1:** 16767 N PERIMETER DRIVE
- **STREET 2:** SUITE 110
- **CITY:** SCOTTSDALE
- **STATE:** AZ
- **ZIP:** 85260
- **BUSINESS PHONE:** 480 245 5960

**MAIL ADDRESS:**
- **STREET 1:** 16767 N PERIMETER DRIVE
- **STREET 2:** SUITE 110
- **CITY:** SCOTTSDALE
- **STATE:** AZ
- **ZIP:** 85260

?xml version='1.0' encoding='ASCII'? jynt-20260312

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): March 12, 2026

**The Joint Corp.**

(Exact Name of Registrant as Specified in Charter)

---

| | | |
|:---|:---|:---|
| **Delaware** | **001-36724** | **90-0544160** |
| (State or other jurisdiction | (Commission File Number) | (IRS Employer |
| of incorporation) | | Identification No.) |

---

**16767 N. Perimeter Drive, Suite 110**

**Scottsdale, Arizona 85260**

(Address of principal executive offices) (Zip Code)

**(480) 245-5960**

(Registrant's telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| Common Stock, $0.001 | JYNT | The NASDAQ Capital Market LLC |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 §CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☐

------

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

**Item 2.02. Results of Operations and Financial Condition.**

On March 12, 2026, we issued a press release announcing our financial results for the quarter and year ended December 31, 2025. The press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

The information furnished in this Item 2.02 and Exhibit 99.1 shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be incorporated by reference in any filing under the Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act, except as expressly set forth by specific reference in such a filing.

**Item 7.01. Regulation FD Disclosure.**

We are posting an earnings presentation to our website at https://ir.thejoint.com/. A copy of the earnings presentation is being furnished herewith as Exhibit 99.2. We will use the earnings presentation during our earnings conference call on March 12, 2026 and also may use the earnings presentation from time to time in conversations with analysts, investors and others.

The information furnished in this Item 7.01 and Exhibit 99.2 shall not be deemed "filed" for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, nor shall it be incorporated by reference in any filing under the Securities Act or the Exchange Act, except as expressly set forth by specific reference in such a filing.

The information contained in Exhibit 99.2 is summary information that is intended to be considered in the context of our filings with the Securities and Exchange Commission (the "SEC"). We undertake no duty or obligation to publicly update or revise the information contained in this Current Report on Form 8-K, although we may do so from time to time as our management believes is warranted. Any such updating may be made through the filing of other reports or documents with the SEC, through press releases, or through other public disclosure.

**Item 9.01. Financial Statements and Exhibits.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) *Exhibits.*

---

| | |
|:---|:---|
| <u>Exhibit Number</u> | <u>Exhibits</u> |
| <u>[99.1](a26-03x12jyntq4x25release.htm)</u> | <u>[Press Release, dated March 12, 2026, Earnings Release](a26-03x12jyntq4x25release.htm)</u> |
| <u>[99.2](jyntq42025resultsdeckfin.htm)</u> | <u>[The Joint Corp. Earnings Presentation, dated March 12, 2026](jyntq42025resultsdeckfin.htm)</u> |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

------

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | | |
|:---|:---|:---|:---|
| | | | **THE JOINT CORP.** |
| Date: | March 12, 2026 | By: | */s/ Sanjiv Razdan* |
|  |  |  | Sanjiv Razdan |
|  |  |  | President and Chief Executive Officer |

---

## Exhibit 99.1

**Exhibit 99.1**

![logoa.jpg](logoa.jpg)

**The Joint Corp. Reports 2025 Fourth Quarter and Full Year Financial Results**

*- Fourth Quarter Revenues Increase 3.1% Year over Year -* 

*- Full Year Revenues of $54.9 Million, Net Income of $2.9 Million* 

*and a 13.9% Increase in Adjusted EBITDA to $13.0 Million -* 

**SCOTTSDALE, Ariz., March 12, 2026** – The Joint Corp. (NASDAQ: JYNT) (the, "Company"), a national operator, manager, and franchisor of chiropractic clinics, reported financial results for the fourth quarter and full year ended December 31, 2025. The following figures represent continuing operations unless otherwise stated.

**Fourth Quarter 2025 Financial Highlights** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Grew revenues to $15.2 million, up 3.1% compared to the fourth quarter of 2024.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Reported system-wide sales<sup>1</sup> of $139.6 million, a decline of 3.9%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Reported comp sales<sup>2</sup> of (3.8)%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Improved net income from consolidated operations to $1.0 million, compared to net income of $18,000 in the fourth quarter of 2024. Reported net income from continuing operations of $937,000, compared to net income from continuing operations of $909,000 in the fourth quarter of 2024.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Increased Adjusted EBITDA from consolidated operations 7.8% to $3.6 million from $3.3 million in the fourth quarter of 2024. Adjusted EBITDA from continuing operations was $1.6 million compared to $2.0 million in the fourth quarter of 2024.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Repurchased 1.1 million shares for total consideration of $9.0 million.

**Recent Updates on Refranchising Efforts** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **December 2025:** Signed Asset Purchase Agreement for the sale of 22 corporate-owned or managed clinics.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **March 2026:** Signed Letter of Intent for the sale of five corporate-owned or managed clinics.

"During the fourth quarter, we continued to advance the strategies underlying Joint 2.0, the first phase of our transformation journey," said President and Chief Executive Officer, Sanjiv Razdan. "These strategies, which were introduced a year ago, remain on track to be fully executed by the end of this year. Our execution to date is highlighted by our progress towards becoming a pure-play franchisor, as we have refranchised 41 and are in the process of refranchising 27 previously company-owned clinics since the beginning of 2025, which will leave us with just 48 clinics that remain company-owned and for which we continue to make progress with refranchising efforts. As we near completion of this transition, we also continue to implement operational discipline to drive improved operating leverage, which is reflected in the year over year Adjusted EBITDA improvements in the 2025 fourth quarter and full year periods

<sup>1</sup> System-wide sales include revenues at all clinics, whether operated or managed by the company or by franchisees. While franchised sales are not recorded as revenues by the company, management believes the information is important in understanding the company's financial performance, because these revenues are the basis on which the company calculates and records royalty fees and are indicative of the financial health of the franchisee base.

 <sup>2</sup> Comp sales include the revenues from both company-owned or managed clinics and franchised clinics that in each case have been open at least 13 full months and exclude any clinics that have closed.

------

**&nbsp;&nbsp;&nbsp;&nbsp;**

despite certain macro-economic headwinds that challenged comp sales and overall revenue performance.

"Progress on our broad range of initiatives includes a more holistic marketing approach to amplify our brand awareness through a partial shift in advertising spend from local to national media, higher search authority for our individual clinic websites, and an improvement in our patient attrition rate. In addition, more robust pre-opening protocols have resulted in 2025 clinic openings achieving breakeven performance in half the time than previously achieved.

"Simultaneous with the steps we have taken to reignite growth, increase profitability, and become a pure-play franchisor, we repurchased 1.3 million shares of our common stock in 2025 as part of our capital allocation strategy. Continued progress on Joint 2.0 will help unlock the true power of our post re-franchise profit structure which will be further bolstered as our multi-year top-line growth strategies gain traction. We entered 2026 with a stronger foundation for driving sustainable improvements in our financial results, which will further benefit from reductions in our cost structure as we complete the transition to a pure-play franchisor and capital light operating model."

**2025 Full Year Operating Highlights** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Performed 14.4 million patient visits, compared to 14.7 million in 2024.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• System-wide sales<sup>1</sup> of $532.4 million increased 0.4% for the year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Comp sales<sup>2</sup> of (0.4)% compared to 3.9% in 2024.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Sold 31 franchise licenses, compared to 46 in 2024.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Total clinic count of 960 at December 31, 2025, compared to 967 clinics at December 31, 2024.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Opened 29 clinics, refranchised 41, and closed 36 for a total of 885 franchised clinics and 75 company-owned or managed clinics at December 31, 2025, compared to 842 franchised clinics and 125 company-owned or managed clinics at December 31, 2024.

**Financial Results for Fourth Quarter Ended December 31, 2025 Compared to December 31, 2024**

Revenue increased 3.1% to $15.2 million, compared to $14.7 million in the fourth quarter of 2024. Cost of revenue was $2.8 million, down 11.5% compared to the prior year, reflecting lower regional developer royalties.

Selling and marketing expenses were $3.5 million, up 25.2% primarily driven by expenses associated with enhanced national marketing and one-off costs associated with transitioning to a new marketing agency. Depreciation and amortization expenses increased $80,000. General and administrative expenses increased 2.2% to $7.7 million.

Consolidated net income was $1.0 million, compared to net income of $18,000 in the fourth quarter of 2024. Net income from continuing operations was $937,000, compared to $909,000 in the fourth quarter of 2024. Consolidated EPS was $0.07 per diluted share, compared to $0.00 per diluted share in the fourth quarter of 2024.

Adjusted EBITDA from consolidated operations increased 7.8% to $3.6 million, and Adjusted EBITDA from continuing operations was $1.6 million, compared to Adjusted EBITDA from consolidated operations of $3.3 million and Adjusted EBITDA from continuing operations of $2.0 million in the fourth quarter of 2024.

**Balance Sheet and Cash Flow**

Unrestricted cash was $23.6 million at December 31, 2025, compared to $25.1 million at December 31, 2024. The Company maintains a currently undrawn line of credit with JP Morgan Chase, which grants immediate access to $20 million through August 2027.

------

**&nbsp;&nbsp;&nbsp;&nbsp;**

During the fourth quarter of 2025, the Company repurchased 1.1 million shares for total consideration of $9.0 million and for the full year 2025, the Company repurchased 1.3 million shares for total consideration of $11.3 million. The Company continues to have $5.7 million under the $12 million stock repurchase program authorized in November 2025.

**Financial Results for Twelve Months Ended December 31, 2025 Compared to December 31, 2024** 

Revenue was $54.9 million in 2025, compared to $52.2 million in 2024. Consolidated net income was $2.9 million, compared to a net loss of $5.8 million in 2024. Net loss from continuing operations was $0.3 million, compared to a net loss of $1.6 million in 2024. Consolidated EPS was $0.19 per diluted share, compared to a net loss of $0.39 per basic share in 2024.

Adjusted EBITDA from consolidated operations increased 13.9% to $13.0 million and Adjusted EBITDA from continuing operations improved to $3.1 million, compared to Adjusted EBITDA from consolidated operations of $11.4 million and Adjusted EBITDA from continuing operations of $2.3 million in 2024.

**2026 Guidance** 

The Company provided the following guidance for 2026.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• System-wide sales are expected to be between $519 million and $552 million, compared to $532.4 million in 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• System-wide comp sales for clinics open 13 months or more are expected to be in the range of (3)% to 3%, compared to (0.4)% in 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Consolidated Adjusted EBITDA is expected to be in the range of $12.5 million and $13.5 million, compared to $13.0 million in 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• New franchised clinic openings, excluding the impact of refranchised clinics, are expected to be in the range of 30 to 35, compared to 29 in 2025. The Company is working with franchise owners to optimize the performance of the existing franchised clinic base. This may include closing underperforming clinics this year and may result in the overall clinic count at 2026 year end being lower than 2025 year end.

**Conference Call** 

The Joint Corp. management will host a conference call at 5:00 p.m. ET today, Thursday, March 12, 2026. Stockholders and interested participants may listen to a live broadcast of the conference call by dialing 1-(833) 630-0823 or (412) 317-1831 and asking to be joined into the 'The Joint' call approximately 15 minutes prior to the start time.

A live webcast of the call with an accompanying slide presentation can be accessed in the IR events section of The Joint's website and will be available for approximately one year. An audio archive can be accessed for one week by dialing (855) 669-9658 or (412) 317-0088 and entering conference ID 6180519.

**Commonly Discussed Performance Metrics** 

This release includes a presentation of commonly discussed performance metrics. System-wide sales include revenues at all clinics, whether operated by the company or by franchisees. While franchised sales are not recorded as revenues by the company, management believes the information is important in understanding the company's financial performance because these sales are the basis on which the company calculates and records royalty fees and are indicative of the financial health of the franchisee base. Comp sales include the revenues from both company-owned or managed clinics and franchised clinics that in each case have been open at least 13 full months and exclude any clinics that have closed.

**Non-GAAP Financial Information** 

This release also includes a presentation of non-GAAP financial measures. EBITDA and Adjusted EBITDA are presented because they are important measures used by management to assess financial performance, as management believes they provide a more transparent view of the company's underlying operating performance and operating trends. Reconciliation of historical net income/(loss) to EBITDA and

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**&nbsp;&nbsp;&nbsp;&nbsp;**

Adjusted EBITDA is presented in the table below. The company defines EBITDA as net income/(loss) before net interest, tax expense, depreciation, and amortization expenses. The company defines Adjusted EBITDA as EBITDA before acquisition-related expenses (which includes contract termination costs associated with reacquired regional developer rights), net (gain)/loss on disposition or impairment, stock-based compensation expenses, costs related to restatement filings, restructuring costs, and litigation expenses (consisting of legal and related fees for specific proceedings that arise outside of the ordinary course of our business). EBITDA and Adjusted EBITDA do not represent and should not be considered alternatives to net income or cash flows from operations, as determined by accounting principles generally accepted in the United States, ("GAAP"). While EBITDA and Adjusted EBITDA are used as measures of financial performance and the ability to meet debt service requirements, they are not necessarily comparable to other similarly titled captions of other companies due to potential inconsistencies in the methods of calculation. EBITDA and Adjusted EBITDA should be reviewed in conjunction with the company's financial statements filed with the SEC. Please refer to the reconciliations of non-GAAP financial measures to their GAAP equivalents located at the end of this release. This release includes forward-looking guidance for certain non-GAAP financial measures, including Adjusted EBITDA. These measures will differ from net income (loss), determined in accordance with GAAP, in ways similar to those described in the reconciliations at the end of this release. We are not able to provide, without unreasonable effort, guidance for net income (loss), determined in accordance with GAAP, or a reconciliation of guidance for Adjusted EBITDA to the most directly comparable GAAP measure because the company is not able to predict with reasonable certainty the amount or nature of all items that will be included in net income (loss).

**Forward-Looking Statements** 

This press release contains statements about future events and expectations that constitute forward-looking statements. Forward-looking statements are based on our beliefs, assumptions and expectations of industry trends, our future financial and operating performance and our growth plans, taking into account the information currently available to us. These statements are not statements of historical fact. Words such as, "anticipates," "believes," "continues," "estimates," "expects," "goal," "objectives," "intends," "may," "opportunity," "plans," "potential," "near-term," "long-term," "projections," "assumptions," "projects," "guidance," "forecasts," "outlook," "target," "trends," "should," "could," "would," "will," and similar expressions are intended to identify such forward-looking statements. Specific forward-looking statements made in this press release include, among others, our belief that the strategies underlying Joint 2.0 remain on track to be fully executed by the end of this year; our belief regarding our progress toward becoming a pure-play franchisor; our expectations of the progress related to refranchising 27 previously company-owned or managed clinics since the beginning of 2025, which will leave us with just 48 clinics that remain company-owned or managed, and our plan to continue to make progress with such refranchising efforts; our belief that we continue to implement operational discipline to drive improved operating leverage, which is reflected in the year-over-year Adjusted EBITDA improvements in the 2025 fourth quarter and full year periods despite certain macroeconomic headwinds that challenged comp sales and overall revenue performance; our belief that progress on our broad range of initiatives includes a more holistic marketing approach to amplify our brand awareness through a partial shift in advertising spend from local to national media, higher search authority for our individual clinic websites, and an improvement in our patient attrition rate; our capital allocation strategy; our belief that continued progress on Joint 2.0 will help unlock the true power of our post-refranchise profit structure, which will be further bolstered as our multi-year top-line growth strategies gain traction; our belief that we entered 2026 with a stronger foundation for driving sustainable improvements in our financial results, which will further benefit from reductions in our cost structure as we complete the transition to a pure-play franchisor and capital light operating model; and our reiterated 2026 guidance for system-wide sales, comp sales, consolidated Adjusted EBITDA, and new franchised clinic openings. Forward-looking statements involve risks and uncertainties that may cause our actual results to differ materially from the expectations of future results we express or imply in any

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**&nbsp;&nbsp;&nbsp;&nbsp;**

forward-looking statements, and you should not place undue reliance on such statements. Factors that could contribute to these differences include, but are not limited to, our inability to identify and recruit enough qualified chiropractors and other personnel to staff our clinics, due in part to the nationwide labor shortage and an increase in operating expenses due to measures we may need to take to address such shortage; inflation, leading to increased labor costs and interest rates, as well as changes to import tariffs, may lead to reduced discretionary spending, all of which may negatively impact our business; our failure to profitably operate company-owned or managed clinics; our failure to refranchise as planned; short-selling strategies and negative opinions posted on the internet, which could drive down the market price of our common stock and result in class action lawsuits; our failure to remediate future material weaknesses in our internal control over financial reporting, which could negatively impact our ability to accurately report our financial results, prevent fraud, or maintain investor confidence; and other factors described in our filings with the SEC, including in the section entitled "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2024 filed with the SEC on March 14, 2025 and subsequent filings with the SEC. We qualify any forward-looking statements entirely by these cautionary factors. We assume no obligation to update or revise any forward-looking statements for any reason or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Comparisons of results for current and any prior periods are not intended to express any future trends or indications of future performance, unless expressed as such, and should only be viewed as historical data.

**About The Joint Corp. (NASDAQ: JYNT)** 

The Joint Corp. (NASDAQ: JYNT) revolutionized access to chiropractic care when it introduced its retail healthcare business model in 2010. Today, it is the nation's largest operator, manager and franchisor of chiropractic clinics through The Joint Chiropractic network. The company is making quality care convenient and affordable, while eliminating the need for insurance, for millions of patients seeking pain relief and ongoing wellness. Headquartered in Scottsdale and with over 950 locations nationwide and more than 14 million patient visits annually, The Joint Chiropractic is a key leader in the chiropractic industry. The brand is consistently named to *Franchise Times'* annual "Top 400" and "Fast & Serious" list of 40 smartest growing brands. *Entrepreneur* named The Joint "No. 1 in Chiropractic Services," and it is regularly ranked on the publication's "Franchise 500," the "Fastest-Growing Franchises," and the "Best of the Best" lists, as well as its "Top Franchise for Veterans" and "Top Brands for Multi-Unit Owners" lists. *SUCCESS* named the company as one of the "Top 50 Franchises" in 2024. The Joint Chiropractic is an innovative force, where healthcare meets retail. For more information, visit www.thejoint.com. To learn about franchise opportunities, visit www.thejointfranchise.com.

**The Joint Business Structure** 

The Joint Corp. is a franchisor of clinics and an operator of clinics in certain states. In Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Illinois, Kansas, Kentucky, Maryland, Michigan, Minnesota, New Jersey, New York, North Carolina, Oregon, Pennsylvania, Tennessee, Washington, and West Virginia, The Joint Corp. and its franchisees provide management services to affiliated professional chiropractic practices.

**Investor Contact:** 

Richard Land, Alliance Advisors IR, (212)-838-3777 or thejointinvestor@allianceadvisors.com

**– Financial Tables Follow –** 

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**&nbsp;&nbsp;&nbsp;&nbsp;**

**THE JOINT CORP.**

**CONSOLIDATED BALANCE SHEETS**

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| | | |
|:---|:---|:---|
| | **December 31,<br>2025** | **December 31,<br>2024** |
| **ASSETS** | | |
| Current assets: |  |  |
| &nbsp;&nbsp;&nbsp;Cash and cash equivalents | $23601810 | $25051355 |
| &nbsp;&nbsp;&nbsp;Restricted cash | 700058 | 945081 |
| &nbsp;&nbsp;&nbsp;Accounts receivable, net | 2849864 | 2586381 |
| &nbsp;&nbsp;&nbsp;Deferred franchise and regional development costs, current portion | 945933 | 1055582 |
| &nbsp;&nbsp;&nbsp;Prepaid expenses and other current assets | 1744556 | 1787994 |
| &nbsp;&nbsp;Discontinued operations current assets ($1.0 million and $1.1 million attributable to VIEs, respectively) | 22246318 | 43151055 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total current assets | 52088539 | 74577448 |
| Property and equipment, net | 3159226 | 3206754 |
| Operating lease right-of-use asset | 1572173 | 555536 |
| Deferred franchise and regional development costs, net of current portion | 3827129 | 4513891 |
| Deposits and other assets | 319460 | 300779 |
| &nbsp;&nbsp;&nbsp;Total assets | $60966527 | $83154408 |
| **LIABILITIES AND STOCKHOLDERS' EQUITY** |  |  |
| Current liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;Accounts payable | $1588665 | $1750938 |
| &nbsp;&nbsp;&nbsp;Accrued expenses | 1501838 | 1505827 |
| &nbsp;&nbsp;&nbsp;Co-op funds liability | 700058 | 945082 |
| &nbsp;&nbsp;&nbsp;Payroll liabilities | 4055752 | 3551173 |
| &nbsp;&nbsp;&nbsp;Operating lease liability, current portion | 194179 | 483337 |
| &nbsp;&nbsp;&nbsp;Deferred franchise fee revenue, current portion | 2519018 | 2546926 |
| &nbsp;&nbsp;&nbsp;Upfront regional developer fees, current portion | 277394 | 288095 |
| &nbsp;&nbsp;&nbsp;Other current liabilities | 611231 | 603250 |
| &nbsp;&nbsp;Discontinued operations current liabilities ($6.1 million and $7.1 million attributable to VIEs, respectively) | 21368446 | 37367459 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total current liabilities | 32816581 | 49042087 |
| Operating lease liability, net of current portion | 1815527 | 311689 |
| Deferred franchise fee revenue, net of current portion | 10899271 | 12450179 |
| Upfront regional developer fees, net of current portion | 355556 | 672334 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 45886935 | 62476289 |
| Commitments and contingencies |  |  |
| Stockholders' equity: |  |  |
| Series A preferred stock, $0.001 par value; 50,000 shares authorized, zero issued and outstanding, respectively |  |  |
| Common stock, $0.001 par value; 20,000,000 shares authorized, 15,471,715 shares issued and 14,142,626 shares outstanding and 15,192,893 shares issued and 15,159,878 outstanding, respectively | 15471 | 15192 |
| Additional paid-in capital | 52026407 | 49210455 |
| Treasury stock 1,329,089 shares and 33,015 shares, at cost, respectively | (12192081) | (870058) |
| Accumulated deficit | (24795205) | (27702470) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total The Joint Corp. stockholders' equity | 15054592 | 20653119 |
| Non-controlling Interest | 25000 | 25000 |
| Total equity | 15079592 | 20678119 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and stockholders' equity | $60966527 | $83154408 |

---

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**&nbsp;&nbsp;&nbsp;&nbsp;**

**THE JOINT CORP.** 

**CONSOLIDATED INCOME STATEMENTS**

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Three Months Ended December 31,** | **Three Months Ended December 31,** | **Year Ended <br>December 31,** | **Year Ended <br>December 31,** |
| | **2025** | **2024** | **2025** | **2024** |
| Revenues: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Royalty fees | $8892863 | $8840890 | $33203885 | $32144796 |
| &nbsp;&nbsp;&nbsp;Franchise fees | 810089 | 925184 | 3371504 | 2997850 |
| &nbsp;&nbsp;&nbsp;Advertising fund revenue | 3466251 | 2525307 | 10451281 | 9180281 |
| &nbsp;&nbsp;&nbsp;Software fees | 1548426 | 1454193 | 6037385 | 5687326 |
| &nbsp;&nbsp;&nbsp;Other revenues | 449418 | 968708 | 1831537 | 2153177 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total revenues | 15167047 | 14714282 | 54895592 | 52163430 |
| Cost of revenues: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Franchise and regional development cost of revenues | 2366292 | 2813292 | 9500559 | 10063644 |
| &nbsp;&nbsp;&nbsp;IT cost of revenues | 453215 | 371692 | 1724915 | 1453204 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total cost of revenues | 2819507 | 3184984 | 11225474 | 11516848 |
| Selling and marketing expenses | 3494324 | 2791468 | 13299399 | 10973610 |
| Depreciation and amortization | 433200 | 353466 | 1644161 | 1371389 |
| General and administrative expenses | 7676121 | 7513147 | 29632036 | 30124589 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total selling, general and administrative expenses | 11603645 | 10658081 | 44575596 | 42469588 |
| Net loss on disposition or impairment | 1485 | 61501 | 7898 | 66019 |
| &nbsp;&nbsp;&nbsp;&nbsp;Income (loss) from continuing operations | 742410 | 809716 | (913376) | (1889025) |
| Other income (loss), net | 198232 | (79729) | 683872 | 280287 |
| &nbsp;&nbsp;&nbsp;&nbsp;Income (loss) from continuing operations before income tax expense | 940642 | 889445 | (229504) | (1608738) |
| Income tax expense (benefit) | 3513 | (19536) | 38653 | 5606 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net income (loss) from continuing operations | 937129 | 908981 | (268157) | (1614344) |
| Discontinued operations: |  |  |  |  |
| Income (loss) from discontinued operations before income tax expense | (224068) | (1075745) | 3200629 | (3972286) |
| Income tax (benefit) expense from discontinued operations | (278036) | (184429) | 25207 | 210263 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net income (loss) from discontinued operations | 53968 | (891316) | 3175422 | (4182549) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net income (loss) | $991097 | $17665 | $2907265 | $(5796893) |
| Net income (loss) from continuing operations per common share: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Basic | $0.06 | $0.06 | $(0.02) | $(0.11) |
| &nbsp;&nbsp;&nbsp;&nbsp;Diluted | $0.06 | $0.06 | $(0.02) | $(0.11) |
| Net income (loss) from discontinued operations per common share: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Basic | $0.01 | $(0.06) | $0.21 | $(0.28) |
| &nbsp;&nbsp;&nbsp;&nbsp;Diluted | $0.01 | $(0.06) | $0.21 | $(0.28) |
| Net income (loss) per common share: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Basic | $0.07 | $— | $0.19 | $(0.39) |
| &nbsp;&nbsp;&nbsp;&nbsp;Diluted | $0.07 | $— | $0.19 | $(0.38) |
| Basic weighted average shares | 14565362 | 14964854 | 15134215 | 14919091 |
| Diluted weighted average shares | 14580963 | 15176596 | 15134215 | 15147247 |

---

------

**&nbsp;&nbsp;&nbsp;&nbsp;**

**THE JOINT CORP.** 

**CONSOLIDATED STATEMENTS OF CASH FLOWS**

---

| | | |
|:---|:---|:---|
| | **Year Ended December 31,** | **Year Ended December 31,** |
| | **2025** | **2024** |
| Cash flows from operating activities: |  |  |
| Net income (loss) | $2907265 | $(5796893) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: |  |  |
| Depreciation and amortization | 1713719 | 4722137 |
| Net loss on disposition or impairment | 5448908 | 7780574 |
| Net franchise fees recognized upon termination of franchise agreements | (347097) | (239335) |
| Provision for credit losses | 286232 | 220893 |
| Deferred income taxes | 93066 | (55556) |
| Stock-based compensation expense | 1297433 | 1679005 |
| Changes in operating assets and liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;Accounts receivable | 1534554 | (1645078) |
| &nbsp;&nbsp;&nbsp;Prepaid expenses and other current assets | (35389) | 101167 |
| &nbsp;&nbsp;&nbsp;Deferred franchise costs | 547192 | 499285 |
| &nbsp;&nbsp;&nbsp;Deposits and other assets | (5276) | 8827 |
| &nbsp;&nbsp;&nbsp;Accounts payable | (391127) | 68258 |
| &nbsp;&nbsp;&nbsp;Accrued expenses | (2994297) | 4609759 |
| &nbsp;&nbsp;&nbsp;Payroll liabilities | (839892) | 2398765 |
| &nbsp;&nbsp;&nbsp;Operating leases | (5103266) | (3796648) |
| &nbsp;&nbsp;&nbsp;Deferred revenue | (1444410) | (597489) |
| &nbsp;&nbsp;&nbsp;Upfront regional developer fees | (285443) | (421213) |
| &nbsp;&nbsp;&nbsp;Other liabilities | (543663) | (121408) |
| Net cash provided by operating activities | 1838509 | 9415050 |
| Cash flows from investing activities: |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from sale of clinics | 7778287 | 554100 |
| &nbsp;&nbsp;&nbsp;Purchase of property and equipment | (1503785) | (1185647) |
| Net cash provided by (used in) investing activities | 6274502 | (631547) |
| Cash flows from financing activities: |  |  |
| &nbsp;&nbsp;&nbsp;Payments of finance lease obligations | (4354) | (25484) |
| &nbsp;&nbsp;&nbsp;Purchases of treasury stock under employee stock plans | (8440) | (9583) |
| &nbsp;&nbsp;&nbsp;Purchases of common stock under stock repurchase programs | (11313583) |  |
| &nbsp;&nbsp;&nbsp;Proceeds from exercise of stock options | 1518798 | 33708 |
| &nbsp;&nbsp;Repayment of Debt under the Credit Agreement |  | (2000000) |
| Net cash used in financing activities | (9807579) | (2001359) |
| (Decrease) increase in cash, cash equivalents and restricted cash | (1694568) | 6782144 |
| Cash, cash equivalents and restricted cash, beginning of period | 25996436 | 19214292 |
| Cash, cash equivalents and restricted cash, end of period | $24301868 | $25996436 |
| Reconciliation of cash, cash equivalents and restricted cash: | **December 31, 2025** | **December 31, 2024** |
| Cash and cash equivalents | $23601810 | $25051355 |
| Restricted cash | 700058 | 945081 |
| Cash, cash equivalents and restricted cash, end of period | $24301868 | $25996436 |

---

------

**&nbsp;&nbsp;&nbsp;&nbsp;**

**THE JOINT CORP.**

**CONSOLIDATED RECONCILIATION FROM GAAP TO NON-GAAP**

**(unaudited)**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **Three Months Ended December 31,** | **Three Months Ended December 31,** | **Three Months Ended December 31,** | **Three Months Ended December 31,** | **Three Months Ended December 31,** | **Three Months Ended December 31,** |
| | **2025** | **2025** | **2025** | **2024** | **2024** | **2024** |
| | **from Continuing Operations** | **from Discontinued Operations** | **Net Operations** | **from Continuing Operations** | **from Discontinued Operations** | **Net Operations** |
| &nbsp;&nbsp;**Non-GAAP Financial Data:** |  |  |  |  |  |  |
| &nbsp;&nbsp;Net income (loss) | $937129 | $53968 | $991097 | $908981 | $(891316) | $17665 |
| &nbsp;&nbsp;Net interest (income) expense | (200158) |  | (200158) | (79729) | 429 | (79300) |
| &nbsp;&nbsp;Depreciation and amortization expense | 433200 | 9743 | 442943 | 353466 | 201719 | 555185 |
| &nbsp;&nbsp;Income tax expense (benefit) | 3513 | (278036) | (274523) | (19536) | (184429) | (203965) |
| &nbsp;&nbsp;EBITDA | 1173684 | (214325) | 959359 | 1163182 | (873597) | 289585 |
| &nbsp;&nbsp;Stock-based compensation expense | 326295 |  | 326295 | 203295 |  | 203295 |
| &nbsp;&nbsp;Net loss on disposition or impairment | 1485 | 1694561 | 1696046 | 61501 | 2116432 | 2177933 |
| &nbsp;&nbsp;Costs related to restatement filings | 1925 |  | 1925 |  |  |  |
| &nbsp;&nbsp;Restructuring costs | 167060 | 373801 | 540861 | 579231 | 68640 | 647871 |
| &nbsp;&nbsp;Litigation expense | (85000) | 136439 | 51439 |  |  |  |
| &nbsp;&nbsp;Adjusted EBITDA | $1585449 | $1990476 | $3575925 | $2007209 | $1311475 | $3318684 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **Year Ended December 31,** | **Year Ended December 31,** | **Year Ended December 31,** | **Year Ended December 31,** | **Year Ended December 31,** | **Year Ended December 31,** |
| | **2025** | **2025** | **2025** | **2024** | **2024** | **2024** |
| | **from Continuing Operations** | **from Discontinued Operations** | **Net Operations** | **from Continuing Operations** | **from Discontinued Operations** | **Net Operations** |
| &nbsp;&nbsp;**Non-GAAP Financial Data:** |  |  |  |  |  |  |
| &nbsp;&nbsp;Net (loss) income | $(268157) | $3175422 | $2907265 | $(1614344) | $(4182549) | $(5796893) |
| &nbsp;&nbsp;Net interest (income) expense | (799273) | 239 | (799034) | (280287) | 2114 | (278173) |
| &nbsp;&nbsp;Depreciation and amortization expense | 1644161 | 69558 | 1713719 | 1371389 | 3350748 | 4722137 |
| &nbsp;&nbsp;Income tax expense | 38653 | 25207 | 63860 | 5606 | 210263 | 215869 |
| &nbsp;&nbsp;EBITDA | 615384 | 3270426 | 3885810 | (517636) | (619424) | (1137060) |
| &nbsp;&nbsp;Stock-based compensation expense | 1297433 |  | 1297433 | 1679005 |  | 1679005 |
| &nbsp;&nbsp;Acquisition-related expense |  |  |  | 478710 |  | 478710 |
| &nbsp;&nbsp;Net loss on disposition or impairment | 7898 | 5441010 | 5448908 | 66019 | 7714555 | 7780574 |
| &nbsp;&nbsp;Costs related to restatement filings | 115402 |  | 115402 |  |  |  |
| &nbsp;&nbsp;Restructuring costs | 1077678 | 745542 | 1823220 | 607231 | 495097 | 1102328 |
| &nbsp;&nbsp;Litigation expense | 15000 | 386439 | 401439 |  | 1481000 | 1481000 |
| &nbsp;&nbsp;Adjusted EBITDA | $3128795 | $9843417 | $12972212 | $2313329 | $9071228 | $11384557 |

---

## Exhibit 99.2

![](jyntq42025resultsdeckfin001.jpg)

1NASDAQ: JYNT \|© 2026 The Joint Corp. All Rights Reserved. \| Q4 & Full Year 2025 Financial Results As of December 31, 2025, reported on March 12, 2026

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![](jyntq42025resultsdeckfin002.jpg)

2NASDAQ: JYNT \|© 2026 The Joint Corp. All Rights Reserved. \| This press release contains statements about future events and expectations that constitute forward-looking statements. Forward-looking statements are based on our beliefs, assumptions and expectations of industry trends, our future financial and operating performance and our growth plans, taking into account the information currently available to us. These statements are not statements of historical fact. Words such as, "anticipates," "believes," "continues," "estimates," "expects," "goal," "objectives," "intends," "may," "opportunity," "plans," "potential," "near-term," "long-term," "projections," "assumptions," "projects," "guidance," "forecasts," "outlook," "target," "trends," "should," "could," "would," "will," and similar expressions are intended to identify such forward-looking statements. Specific forward-looking statements made in this press release include, among others, our belief that the strategies underlying Joint 2.0 remain on track to be fully executed by the end of this year; our belief regarding our progress toward becoming a pure-play franchisor; our expectations of the progress related to refranchising 27 previously company-owned or managed clinics since the beginning of 2025, which will leave us with just 48 clinics that remain company-owned or managed, and our plan to continue to make progress with such refranchising efforts; our belief that we continue to implement operational discipline to drive improved operating leverage, which is reflected in the year- over-year Adjusted EBITDA improvements in the 2025 fourth quarter and full year periods despite certain macroeconomic headwinds that challenged comp sales and overall revenue performance; our belief that progress on our broad range of initiatives includes a more holistic marketing approach to amplify our brand awareness through a partial shift in advertising spend from local to national media, higher search authority for our individual clinic websites, and an improvement in our patient attrition rate; our capital allocation strategy; our belief that continued progress on Joint 2.0 will help unlock the true power of our post-refranchise profit structure, which will be further bolstered as our multi-year top-line growth strategies gain traction; our belief that we entered 2026 with a stronger foundation for driving sustainable improvements in our financial results, which will further benefit from reductions in our cost structure as we complete the transition to a pure-play franchisor and capital light operating model; and our reiterated 2026 guidance for system-wide sales, comp sales, consolidated Adjusted EBITDA, and new franchised clinic openings. Forward-looking statements involve risks and uncertainties that may cause our actual results to differ materially from the expectations of future results we express or imply in any forward-looking statements, and you should not place undue reliance on such statements. Factors that could contribute to these differences include, but are not limited to, our inability to identify and recruit enough qualified chiropractors and other personnel to staff our clinics, due in part to the nationwide labor shortage and an increase in operating expenses due to measures we may need to take to address such shortage; inflation, leading to increased labor costs and interest rates, as well as changes to import tariffs, may lead to reduced discretionary spending, all of which may negatively impact our business; our failure to profitably operate company-owned or managed clinics; our failure to refranchise as planned; short-selling strategies and negative opinions posted on the internet, which could drive down the market price of our common stock and result in class action lawsuits; our failure to remediate future material weaknesses in our internal control over financial reporting, which could negatively impact our ability to accurately report our financial results, prevent fraud, or maintain investor confidence; and other factors described in our filings with the SEC, including in the section entitled "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2024 filed with the SEC on March 14, 2025 and subsequent filings with the SEC. We qualify any forward-looking statements entirely by these cautionary factors. We assume no obligation to update or revise any forward-looking statements for any reason or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Comparisons of results for current and any prior periods are not intended to express any future trends or indications of future performance, unless expressed as such, and should only be viewed as historical data. Accounting Adjustments Related to the Consolidation of the Operations of the PCs In those states which require a licensed Doctor of Chiropractic to own the entity that offers chiropractic services, the Company enters into a management agreement with a professional corporation (PC) licensed in that state to provide chiropractic services. To increase transparency into operating results and to align with accounting rules, the Company will now consolidate the full operations of the PC. This will result in increases to our revenue and G&A expenses by an identical amount and would have no impact on our bottom line except in instances when the PC has sold treatment packages and wellness plans. Revenue from these packages and plans will now be deferred and will be recognized when patients use their visits. The Company has previously consolidated its clinic operations in Non-PC states such as Arizona and New Mexico, and the deferred revenue around packages and plans in those states was already reflected in its financial statements. Therefore, these adjustments are isolated to the managed clinics in PC states. These adjustments will have no impact on cash flow. The Joint Business Structure The Joint Corp. is a franchisor of clinics and an operator of clinics in certain states. In Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Illinois, Kansas, Kentucky, Maryland, Michigan, Minnesota, New Jersey, New York, North Carolina, Oregon, Pennsylvania, Tennessee, Washington, and West Virginia, The Joint Corp. and its franchisees provide management services to affiliated professional chiropractic practices. Safe Harbor Statements

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![](jyntq42025resultsdeckfin003.jpg)

3NASDAQ: JYNT \|© 2026 The Joint Corp. All Rights Reserved. \| Sanjiv Razdan CEO, President and Director

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![](jyntq42025resultsdeckfin004.jpg)

4NASDAQ: JYNT \|© 2026 The Joint Corp. All Rights Reserved. \| Joint 2.0 the first phase of our transformation journey to reignite growth and improve profitability ✓ Significantly strengthened management team ✓ Achieved substantial progress with refranchising efforts ✓ Strengthened marketing activities to drive new patient acquisition ✓ Optimizing capital allocation

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![](jyntq42025resultsdeckfin005.jpg)

5NASDAQ: JYNT \|© 2026 The Joint Corp. All Rights Reserved. \| +3% Revenue From Continuing Operations Q4 2025 vs Q4 2024 +8% Consolidated Adjusted EBITDA Q4 2025 vs Q4 2024 1.1 M Shares Repurchased In Q4 2025 for total consideration of $9M +3.1 Revenue From Continuing Operations Q4 2025 vs Q4 2024 +7.8% Consolidated Adjusted EBITDA Q4 2025 vs Q4 2024 1.1 Shares Repurchased In Q4 2025 for total consideration of $9.0M for 2025, repurchased 1.3M shares for total consideration of $11.3M; at December 31, 2025, unrestricted cash and cash equivalents of $23.6M

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![](jyntq42025resultsdeckfin006.jpg)

6NASDAQ: JYNT \|© 2026 The Joint Corp. All Rights Reserved. \| Refranchising Company-Owned Clinics • Signed Asset Purchase Agreement for the sale of 22 corporate-owned or managed clinics in Q4 2025 • Letter of Intent for sale of five additional corporate-owned or managed clinics in Q1 2026 • 48 remaining corporate-owned clinics (~5% of total portfolio) • All but two are in California • Confident we will complete our refranchising initiative this year to become a pure-play franchisor

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![](jyntq42025resultsdeckfin007.jpg)

7NASDAQ: JYNT \|© 2026 The Joint Corp. All Rights Reserved. \| Driving Stronger New Patient Acquisition Shift from broad wellness-focused communications to a message centered on chiropractic care for pain relief • Increased National Marketing: growing awareness, began high- impact media program in November 2025 • Improved website search visibility • Overall traffic, organic traffic and phone calls trending up • Redesigned national blog with digital linkage • Overall traffic and organic traffic trending up

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![](jyntq42025resultsdeckfin008.jpg)

8NASDAQ: JYNT \|© 2026 The Joint Corp. All Rights Reserved. \| Sales Driving Initiatives • Continuing to test enhanced pricing structure in approximately 300 clinics • Expect comp sales trends will improve during the course of the year • Evaluating additional offerings to more closely match evolving patient needs, with the goal of improving retention

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![](jyntq42025resultsdeckfin009.jpg)

9NASDAQ: JYNT \|© 2026 The Joint Corp. All Rights Reserved. \| Elevating The Patient Experience • Launched mobile app in July 2025 • Continuing to introduce new feature updates • 23,000+ patients shared app feedback • Average rating of 4.9 / 5.0 • 75% of patients waited less than 5 minutes to see a doctor • Average user "Intent to Recommend" of 9.7 / 10.0 • Indicates patients are having consistently positive experiences

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![](jyntq42025resultsdeckfin010.jpg)

10NASDAQ: JYNT \|© 2026 The Joint Corp. All Rights Reserved. \| Scott Bowman Chief Financial Officer

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![](jyntq42025resultsdeckfin011.jpg)

11NASDAQ: JYNT \|© 2026 The Joint Corp. All Rights Reserved. \| • $3.6M Q4 2025 consolidated Adjusted EBITDA +7.8% vs Q4 2024 • $140M Q4 2025 system-wide sales1 (3.9)% vs Q4 2024 • (3.8)% Q4 2025 comp sales2 vs Q4 2024 1 System-wide sales include revenues at all clinics, whether operated or managed by the company or by franchisees. While franchised sales are not recorded as revenues by the company, management believes the information is important in understanding the company's financial performance, because these revenues are the basis on which the company calculates and records royalty fees and are indicative of the financial health of the franchisee base. 2 Comp sales include only the sales from clinics that have been open at least 13 full months and exclude any clinics that have permanently closed. Operating Metrics

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![](jyntq42025resultsdeckfin012.jpg)

12NASDAQ: JYNT \|© 2026 The Joint Corp. All Rights Reserved. \| 12 26 82 175 242 265 309 352 394 453 515 610 712 800 842 885 4 47 61 47 48 60 64 96 126 135 125 75 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TOTAL CLINICS OPEN at year-end Franchised Company-owned or managed Clinic Portfolio 1 Includes 22 corporate-owned or managed clinics sold in Q4 2025 pursuant to a signed asset purchase agreement. 370 399 442 513 312 246 579 706 838 935 967 9601

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![](jyntq42025resultsdeckfin013.jpg)

13NASDAQ: JYNT \|© 2026 The Joint Corp. All Rights Reserved. \| Three Months Ended December 31, 2025 $ in Millions 1 3 months ended 12/31/25 3 months ended 12/31/24 Difference Revenue $15.2 $14.7 +$0.5 Cost of revenues $2.8 $3.2 ($0.4) Selling and marketing $3.5 $2.8 +$0.7 Depreciation and amortization $0.4 $0.4 +$0.0 G&A $7.7 $7.5 +$0.2 Net income (loss) from continuing operations 2 $0.9 $0.9 +$0.0 Net income / (loss) from discontinued operations 2 $0.1 ($0.9) +$1.0 Consolidated net income / (loss) $1.0 $0.0 +$1.0 Adjusted EBITDA from continuing operations 3 $1.6 $2.0 ($0.4) Adjusted EBITDA from discontinued operations 3 $2.0 $1.3 +$0.7 Consolidated Adjusted EBITDA 3 $3.6 $3.3 +$0.3 1 Due to rounding, numbers may not add up precisely to the totals. \| 2 The results of the corporate clinic segment are reported in from discontinued operations and the franchised clinics in continued operations \| 3 Reconciliation of Adjusted EBITDA to GAAP earnings is included in the Appendix.

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![](jyntq42025resultsdeckfin014.jpg)

14NASDAQ: JYNT \|© 2026 The Joint Corp. All Rights Reserved. \| Year-Ended December 31, 2025 $ in Millions 1 12 months ended 12/31/25 12 months ended 12/31/24 Difference Revenue $54.9 $52.2 +$2.7 Cost of revenues $11.2 $11.5 ($0.3) Selling and marketing $13.3 $11.0 +$2.3 Depreciation and amortization $1.6 $1.4 +$0.2 G&A $29.6 $30.1 ($0.5) Net income (loss) from continuing operations 2 ($0.3) ($1.6) +$1.3 Net income / (loss) from discontinued operations 2 $3.2 ($4.2) +$7.4 Consolidated net income / (loss) $2.9 ($5.8) +$8.7 Adjusted EBITDA from continuing operations 3 $3.1 $2.3 +$0.8 Adjusted EBITDA from discontinued operations 3 $9.8 $9.1 +$0.7 Consolidated Adjusted EBITDA 3 $13.0 $11.4 +$1.6 1 Due to rounding, numbers may not add up precisely to the totals. \| 2 The results of the corporate clinic segment are reported in from discontinued operations and the franchised clinics in continued operations \| 3 Reconciliation of Adjusted EBITDA to GAAP earnings is included in the Appendix.

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![](jyntq42025resultsdeckfin015.jpg)

15NASDAQ: JYNT \|© 2026 The Joint Corp. All Rights Reserved. \| Strengthening Balance Sheet $ in Millions 12/31/25 12/31/24 Unrestricted cash $23.6 $25.1 Restricted cash $0.7 $0.9 Borrowings on $20 Million JP Morgan Chase LOC $0.0 $0.0 Stock repurchase plan • Repurchased 1.1M shares for $9.0M during the fourth quarter • Repurchased 1.3M shares for $11.3M during 2025 • $5.7M remaining on share repurchase plan at year-end 2025

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![](jyntq42025resultsdeckfin016.jpg)

16NASDAQ: JYNT \|© 2026 The Joint Corp. All Rights Reserved. \| 2026 Guidance Metrics 2026 Guidance 2025 Low High Actual System-wide Sales 1 ($ in Millions) $519 $552 $532.4 Comp Sales 2 (%) (3)% 3% (0.4)% Consolidated Adjusted EBITDA ($ in Millions) $12.5 $13.5 $13.0 New Franchised Clinic Openings (#) 30 35 29 1 System-wide sales include revenues at all clinics, whether operated or managed by the company or by franchisees. While franchised sales are not recorded as revenues by the company, management believes the information is important in understanding the company's financial performance, because these revenues are the basis on which the company calculates and records royalty fees and are indicative of the financial health of the franchisee base. \| 2 Comp sales include only the sales from clinics that have been open at least 13 full months and exclude any clinics that have permanently closed.

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![](jyntq42025resultsdeckfin017.jpg)

17NASDAQ: JYNT \|© 2026 The Joint Corp. All Rights Reserved. \| Revenue Growth Comp Growth New Clinic Growth Clinic Sales Royalty Stream 7.0% Marketing Fees 2.0% Technology Fees 1.5% Franchise Fees 0.5% System Wide Sales Revenue ~11.0% of Sales

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![](jyntq42025resultsdeckfin018.jpg)

18NASDAQ: JYNT \|© 2026 The Joint Corp. All Rights Reserved. \| Driving Higher Profitability ~10% - 12% of System Sales ~83% - 85% of Revenue Asset Capex ~3% of Revenue Free Ca ~60% - 70% FCF Conversion\* ~40% - 42% of Revenue Royalties & Fees Gross Margin G&A Expense Capital Spending Free Cash Flow \* Free Cash Flow Conversion = FCF/Adj. EBITDA Post-Refranchising Run Rate (est. mid-2026) Target IRR - Growth Projects 9% ~13% - 15% 2025 3% Mid-2026 expected run rate Net Income 2024 (5)% ~25% Enhanced Profitability 12% ~19% - 21% Adj. EBITDA Margin 2025 Mid-2026 expected run rate 2024

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![](jyntq42025resultsdeckfin019.jpg)

19NASDAQ: JYNT \|© 2026 The Joint Corp. All Rights Reserved. \| Capital Allocation Priorities Investing In Growth Initiatives Buy Back RD Territories Share Repurchases

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![](jyntq42025resultsdeckfin020.jpg)

20NASDAQ: JYNT \|© 2026 The Joint Corp. All Rights Reserved. \| Sanjiv Razdan CEO, President and Director

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![](jyntq42025resultsdeckfin021.jpg)

21NASDAQ: JYNT \|© 2026 The Joint Corp. All Rights Reserved. \| Establishing a Foundation for Sustainable Growth ✓ Improving financial position of franchisees and stockholders ✓ On track to become a pure-play franchisor ✓ Creating operating leverage ✓ Commitment to responsible capital allocation ✓ Prioritizing growth through testing new channels, B2B, and entering new markets under Joint 3.0 ✓ Well positioned against backdrop of growing trends in longevity, health span, and non-invasive whole-body care

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22NASDAQ: JYNT \|© 2026 The Joint Corp. All Rights Reserved. \| Performance Metrics and Non-GAAP Measures This presentation includes commonly discussed performance metrics. System-wide sales include revenues at all clinics, whether operated by the company or by franchisees. While franchised sales are not recorded as revenues by the company, management believes the information is important in understanding the company's financial performance, because these sales are the basis on which the company calculates and records royalty fees and are indicative of the financial health of the franchisee base. Comp sales include the revenues from both company-owned or managed clinics and franchised clinics that in each case have been open at least 13 full months and exclude any clinics that have closed. This presentation includes non-GAAP financial measures. EBITDA and Adjusted EBITDA are presented because they are important measures used by management to assess financial performance, as management believes they provide a more transparent view of the company's underlying operating performance and operating trends. Reconciliation of historical net income/(loss) to EBITDA and Adjusted EBITDA is presented in the table below. The company defines EBITDA as net income/(loss) before net interest, tax expense, depreciation, and amortization expenses. The company defines Adjusted EBITDA as EBITDA before acquisition-related expenses (which includes contract termination costs associated with reacquired regional developer rights), net (gain)/loss on disposition or impairment, stock-based compensation expenses, costs related to restatement filings, restructuring costs, and litigation expenses (consisting of legal and related fees for specific proceedings that arise outside of the ordinary course of our business). EBITDA and Adjusted EBITDA do not represent and should not be considered alternatives to net income or cash flows from operations, as determined by accounting principles generally accepted in the United States, or GAAP. While EBITDA and Adjusted EBITDA are used as measures of financial performance and the ability to meet debt service requirements, they are not necessarily comparable to other similarly titled captions of other companies due to potential inconsistencies in the methods of calculation. EBITDA and Adjusted EBITDA should be reviewed in conjunction with the company's financial statements filed with the SEC. Please refer to the reconciliations of non-GAAP financial measures to their GAAP equivalents located in this presentation. This presentation includes forward-looking guidance for certain non-GAAP financial measures, including Adjusted EBITDA. These measures will differ from net income (loss), determined in accordance with GAAP, in ways similar to those described in the reconciliations at the end of this release. We are not able to provide, without unreasonable effort, guidance for net income (loss), determined in accordance with GAAP, or a reconciliation of guidance for Adjusted EBITDA to the most directly comparable GAAP measure because the Company is not able to predict with reasonable certainty the amount or nature of all items that will be included in net income (loss).

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23NASDAQ: JYNT \|© 2026 The Joint Corp. All Rights Reserved. \| Quarterly GAAP – Non-GAAP Reconciliation Three Months Ended December 31, 2025 2024 from Continuing Operations from Discontinued Operations Net Operations from Continuing Operations from Discontinued Operations Net Operations Non-GAAP Financial Data: Net income (loss) $937,129 $53,968 $991,097 $908,981 $(891,316) $17,665 Net interest (income) expense (200,158) — (200,158) (79,729) 429 (79,300) Depreciation and amortization expense 433,200 9,743 442,943 353,466 201,719 555,185 Income tax expense (benefit) 3,513 (278,036) (274,523) (19,536) (184,429) (203,965) EBITDA 1,173,684 (214,325) 959,359 1,163,182 (873,597) 289,585 Stock-based compensation expense 326,295 — 326,295 203,295 — 203,295 Net loss on disposition or impairment 1,485 1,694,561 1,696,046 61,501 2,116,432 2,177,933 Costs related to restatement filings 1,925 — 1,925 — — — Restructuring costs 167,060 373,801 540,861 579,231 68,640 647,871 Litigation expense (85,000) 136,439 51,439 — — — Adjusted EBITDA $1,585,449 $1,990,476 $3,575,925 $2,007,209 $1,311,475 $3,318,684

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24NASDAQ: JYNT \|© 2026 The Joint Corp. All Rights Reserved. \| Annual GAAP – Non-GAAP Reconciliation Year Ended December 31, 2025 2024 from Continuing Operations from Discontinued Operations Net Operations from Continuing Operations from Discontinued Operations Net Operations Non-GAAP Financial Data: Net (loss) income $(268,157) $3,175,422 $2,907,265 $(1,614,344) $(4,182,549) $(5,796,893) Net interest (income) expense (799,273) 239 (799,034) (280,287) 2,114 (278,173) Depreciation and amortization expense 1,644,161 69,558 1,713,719 1,371,389 3,350,748 4,722,137 Income tax expense 38,653 25,207 63,860 5,606 210,263 215,869 EBITDA 615,384 3,270,426 3,885,810 (517,636) (619,424) (1,137,060) Stock-based compensation expense 1,297,433 — 1,297,433 1,679,005 — 1,679,005 Acquisition-related expense — — — 478,710 — 478,710 Net loss on disposition or impairment 7,898 5,441,010 5,448,908 66,019 7,714,555 7,780,574 Costs related to restatement filings 115,402 — 115,402 — — — Restructuring costs 1,077,678 745,542 1,823,220 607,231 495,097 1,102,328 Litigation expense 15,000 386,439 401,439 — 1,481,000 1,481,000 Adjusted EBITDA $3,128,795 $9,843,417 $12,972,212 $2,313,329 $9,071,228 $11,384,557

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25NASDAQ: JYNT \|© 2026 The Joint Corp. All Rights Reserved. \| Scott Bowman, CFO scott.bowman@thejoint.com The Joint Corp. 16767 N. Perimeter Dr., Suite 110, Scottsdale, AZ 85260 \| (480) 245-5960 Sanjiv Razdan, President & CEO sanjiv.razdan@thejoint.com The Joint Corp. 16767 N. Perimeter Dr., Suite 110, Scottsdale, AZ 85260 \| (480) 245-5960 Richard Land, Investor Relations thejointinvestors@allianceadvisors.com Alliance Advisors Investor Relations 800 Third Ave, 17th Floor \| New York, NY 10022\| (212) 838-3777 https://www.facebook.com/thejointchiro @thejointchiro https://twitter.com/thejointchiro @thejointchiro https://www.youtube.com/thejointcorp @thejointcorp

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