# EDGAR Filing Document

**Accession Number:** 0001922335
**File Stem:** 0001493152-26-009799
**Filing Date:** 2026-3
**Character Count:** 19134
**Document Hash:** f3920bf14f03b0e123a60ab9c14708dd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-26-009799.hdr.sgml**: 20260312

**ACCESSION NUMBER**: 0001493152-26-009799

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20260312

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

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260312

**DATE AS OF CHANGE**: 20260312

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Syra Health Corp
- **CENTRAL INDEX KEY:** 0001922335
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-EMPLOYMENT AGENCIES [7361]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-41822
- **FILM NUMBER:** 26745941

**BUSINESS ADDRESS:**
- **STREET 1:** 1119 KEYSTONE WAY N.
- **STREET 2:** #201
- **CITY:** CARMEL
- **STATE:** IN
- **ZIP:** 46032
- **BUSINESS PHONE:** (317) 922-0922

**MAIL ADDRESS:**
- **STREET 1:** 1119 KEYSTONE WAY N.
- **STREET 2:** #201
- **CITY:** CARMEL
- **STATE:** IN
- **ZIP:** 46032

?xml version='1.0' encoding='ASCII'?

**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**

**SYRA HEALTH CORP.**

(Exact name of registrant as specified in its charter)

---

| | | |
|:---|:---|:---|
| **Delaware** | **001-41822** | **85-4027995** |
| (State or other jurisdiction | (Commission | (I. R. S. Employer |
| of incorporation) | File Number) | Identification No.) |

---

**1119 Keystone Way N. #201**

**Carmel, IN 46032**

(Address of principal executive offices, including zip code)

**(463) 345-8950**

(Registrant's telephone number, including area code)

**Not Applicable** 

(Former name or former address, if changed since last report)

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** |
| Class A Common Stock, $0.001 par value | SYRA | OTCQB |

---

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

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 Conditions.**

On March 12, 2026, Syra Health Corp. issued a press release announcing its financial results for the fourth quarter and full year ended December 31, 2025. A copy of the press release is furnished as Exhibit 99.1 to this Form 8-K.

The information in this report, including Exhibit 99.1, shall not be deemed to be "filed" for purposes of Section 18 of the Securities and Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that Section, and shall not be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. In addition, the exhibit furnished herewith contain statements intended as "forward-looking statements" that are subject to the cautionary statements about forward-looking statements set forth in such exhibit.

**Item 9.01 Financial Statements and Exhibit**

(d) Exhibits.

The following exhibits are filed with this Current Report on Form 8-K:

---

| | |
|:---|:---|
| **Exhibit**<br> **Number** | **Description** |
| 99.1 | [Press Release dated March 12, 2026](ex99-1.htm) |
| 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.

---

| | | |
|:---|:---|:---|
|  | **SYRA HEALTH CORP.** | **SYRA HEALTH CORP.** |
| Date: March 12, 2026 | By: | */s/ Priya Prasad* |
|  |  | Priya Prasad |
|  |  | Chief Financial Officer |

---

## Exhibit 99.1

**Exhibit 99.1**

**Syra Health Posts Strong FY2025 Results with 157% Population Health Growth and 76% Net Loss Reduction: Targets Profitability by Year-End 2026**

● *FY2025 EPS improved to ($0.08) compared to ($0.50) in FY2024* 

● *YoY net loss reduced 76% to ($896K) from ($3.8M) in FY2024* 

● *Population health revenue grew 157% to $5.3 million versus $2.1 million in FY2024* 

● *Operating expenses declined 37% to $3.4 million compared to $5.4 million in FY2024* 

 

**Carmel, Ind., March 12, 2026 /** PRNewswire – Syra Health Corp. (OTCQB: SYRA) ("Syra Health" or the "Company"), an integrated healthcare solutions company powering better health outcomes through prevention-focused, accessible, and affordable solutions, announced today its financial results for the fourth quarter and full year ended December 31, 2025.

**Q4 and Full Year 2025 Financial Highlights**

● Population Health revenue grew 157% year-over-year to $5.3 million in FY2025 from $2.1 million in FY2024, driven by demand for the Company's higher margin yielding population health solutions, including data analytics, health education and training. Q4 2025 Population Health revenue grew 128% year-over-year to $1.3 million, compared to $550K in Q4 2024.

● Earnings per share improved by $0.42 in FY2025 to ($0.08) from ($0.50) in FY2024. Q4 2025 EPS improved to ($0.01) from ($0.08) in Q42024, representing meaningful progress as the Company moves closer to profitability.

● Total operating expenses declined 37% to $3.4 million in FY2025 when compared to $5.4 million in FY2024. Q4 2025 operating expenses decreased 13% to $727K from $836K in Q4 2024.

● Net loss improved 76% to ($896K) in FY2025 from ($3.8M) in FY2024. Q4 2025 net loss was reduced 73% to ($135K) versus ($504K) in Q4 2024, reflecting a significantly improved cost structure.

● Gross margin grew to 34.4% in FY2025 from 20.7% in FY2024, representing a 14% year-over-year increase, attributed to improved operational efficiency and a higher-quality revenue mix.

**2026 Financial Outlook**

● The Company expects to achieve profitability by year-end 2026, driven by continued strong demand for its comprehensive population health solutions, disciplined cost management, and new contract wins.

**Recent Operational Highlights**

● Executed a strategic transformation from a healthcare technology provider to an integrated healthcare solutions company, delivering end-to-end capabilities for its government and commercial healthcare customers.

● Won a new training contract in Washington state to safeguard behavioral health workers from workplace violence, addressing a critical and growing need on the frontlines of care.

● Scaled our live-agent HEDIS call center operations and expanded utilization nursing staff to meet demand from insurance company customers.

● Launched a wellness pilot program in collaboration with a public health department in North Carolina to protect employees from secondary trauma.

● Submitted <u>Syrenity</u> for FDA approval under the FDA's TEMPO pilot program, positioning the Company to participate in CMS's ACCESS Model, a 10-year national initiative launching July 2026 that rewards improved patient outcomes in behavioral health.

**Management Commentary**

Greg Alexander, CEO of Syra Health, said, "2025 was a breakout year for Syra Health. Our team delivered on two fronts, driving 157% growth in Population Health revenue while aggressively restructuring our cost base, cutting our net loss by 76%, and improving gross margins by 14%. This combination of top-line momentum and bottom-line discipline is what gives us confidence in our path to profitability by year-end 2026. Our evolution into an integrated healthcare solutions company reflects the strength and breadth of our portfolio. We are proud of what our team has built, and we remain committed to delivering value for our shareholders and better health outcomes for the communities we serve across the U.S."

**2025 Financial Results**

For FY2025 ending December 31, revenue was $7.2 million, a 9% decrease compared to $8.0 million in FY2024, primarily due to the previously announced slowing or termination of federal government funding that supports many of the Company's customers at the state and county government level.

Adjusted EBITDA for 2025 was ($863K) compared to ($3.7 million) in 2024, indicating significant year-over-year efficiency gains and improvement in the company's operational profitability.

Cash on hand was $1.6 million, and there was no long-term debt as of December 31, 2025.

**Syra Health Corp**

**Balance Sheets**

---

| | | |
|:---|:---|:---|
|  | **December 31, 2025** | **December 31, 2024** |
| ASSETS |  |  |
| Current assets: |  |  |
| Cash | $1614733 | $2395405 |
| Accounts receivable, net | 918374 | 680827 |
| Other current assets | 205423 | 276563 |
| &nbsp;&nbsp;&nbsp;Total current assets | 2738530 | 3352795 |
| Property and equipment, net | 6986 | 27347 |
| Right of use asset | 27401 | 299190 |
| Total assets | $2772917 | $3679332 |
| LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) |  |  |
| Current liabilities: |  |  |
| Accounts payable | $247520 | $101690 |
| Accounts payable, related parties | 72000 |  |
| Accrued expenses | 194821 | 230383 |
| Deferred revenue | 16611 | 16611 |
| Current portion of operating lease liability, related party | 27401 | 111978 |
| Notes payable | 116386 | 152887 |
| &nbsp;&nbsp;&nbsp;Total current liabilities | 674739 | 613549 |
| Non-current portion of operating lease liability, related party | - | 187212 |
| Total liabilities | 674739 | 800761 |
| Stockholders' equity: |  |  |
| Preferred stock, $0.001 per value, 10,000,000 shares authorized, none issued |  |  |
| Class A Common stock, $0.001 par value, 100,000,000 shares authorized, 11,339,169 and 8,979,204 issued and outstanding at December 31, 2025 and 2024 respectively | 11339 | 8979 |
| Class B Common stock, $0.001 par value, 5,000,000 shares authorized, 600,000 and 833,334 issued and outstanding at December 31, 2025 and 2024 respectively | 600 | 833 |
| Additional paid in capital | 11806765 | 11692952 |
| Accumulated deficit | (9720526) | (8824193) |
| &nbsp;&nbsp;&nbsp;Total stockholders' equity | 2098178 | 2878571 |
| Total liabilities and stockholders' equity | 2772917 | $3679332 |

---

**Syra Health Corp**

**Statements of Operations**

**For the Years Ended December 31, 2025 and 2024**

---

| | | |
|:---|:---|:---|
|  | **December 31, 2025** | **December 31, 2024** |
| Net revenues | $7225973 | $7982082 |
| Cost of services | 4738211 | 6329119 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gross profit | 2487762 | 1652963 |
| OPERATING EXPENSES: |  |  |
| Salaries and benefits | 1500688 | 2718743 |
| Professional services | 737714 | 606051 |
| Research and development expenses | 67840 | 585146 |
| Selling, general and administrative expenses | 1065376 | 1445170 |
| Depreciation | 20468 | 62738 |
| &nbsp;&nbsp;&nbsp;Total operating expenses | 3392086 | 5417848 |
| Net loss from operations | (904324) | (3764885) |
| OTHER INCOME (EXPENSES): |  |  |
| Interest income | 21261 | 21247 |
| Interest expense | (13270) | (15600) |
| Total other income (expense) | 7991 | 5647 |
| NET INCOME (LOSS) | $(896333) | $(3759238) |
| Loss per common share, basic and diluted | $(0.08) | $(0.50) |
| Weighted average number of common shares outstanding, basic and diluted | 11852347 | 7551576 |

---

**Syra Health Corp**

**Statements of Cash Flows**

**For the Years Ended December 31, 2025 and 2024**

---

| | | |
|:---|:---|:---|
|  | **2025** | **2024** |
| CASH FLOWS FROM OPERATING ACTIVITIES: |  |  |
| &nbsp;&nbsp;&nbsp;Net Income (Loss) | $(896333) | $(3759238) |
| &nbsp;&nbsp;&nbsp;Adjustments to reconcile net loss to net cash used in operating activities: |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation Expense | 20468 | 62738 |
| &nbsp;&nbsp;&nbsp;Common stock issued for services | 2586 | 71378 |
| &nbsp;&nbsp;&nbsp;Stock-based compensation, stock options | 98554 | 59803 |
| &nbsp;&nbsp;&nbsp;Non-cash lease expense |  | 89500 |
| Changes in operating assets and liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;Accounts receivable | (237547) | 379807 |
| &nbsp;&nbsp;&nbsp;Accounts receivable, related party |  | 50614 |
| &nbsp;&nbsp;&nbsp;Other current assets | 382258 | 491883 |
| &nbsp;&nbsp;&nbsp;Right-of-use asset | 105670 |  |
| &nbsp;&nbsp;&nbsp;Accounts payable | 145830 | (361301) |
| &nbsp;&nbsp;&nbsp;Accounts payable, related parties | 72000 |  |
| &nbsp;&nbsp;&nbsp;Deferred revenue |  | 16611 |
| &nbsp;&nbsp;&nbsp;Accrued expenses | (35562) | 55672 |
| &nbsp;&nbsp;&nbsp;Operating lease liability | (105670) | (89500) |
| **Net cash used in operating activities** | (447746) | (2932033) |
| CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |
| &nbsp;&nbsp;&nbsp;Purchases of property and equipment | (107) | (11111) |
| **Net cash provided by (used in) investing activities** | (107) | (11111) |
| CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds received on exercise of Class A common stock warrants | 14800 | 2469150 |
| &nbsp;&nbsp;&nbsp;Repayment of notes payable | (347619) | (410676) |
| **Net cash provided by financing activities** | (332819) | 2058474 |
| Net change in cash | (780672) | (884670) |
| Cash at beginning of period | 2395405 | 3280075 |
| **Cash at end of period** | $1614733 | $2395405 |
| Supplemental disclosure of cash flow information: |  |  |
| &nbsp;&nbsp;&nbsp;Cash paid for interest | $13270 | $15600 |
| &nbsp;&nbsp;&nbsp;Cash paid for taxes | - | - |
| Non-cash investing and financing activities: |  |  |
| &nbsp;&nbsp;&nbsp;Conversion of Class B common stock to Class A common stock | $2333 | $- |
| &nbsp;&nbsp;&nbsp;Initial recognition of right-of-use asset and lease liability | $- | $325491 |
| &nbsp;&nbsp;&nbsp;Amendment of right-of-use asset and lease liability | $166119 | $- |
| &nbsp;&nbsp;&nbsp;Options issued for director fees | $- | $24267 |
| &nbsp;&nbsp;&nbsp;Prepaid asset financed with note payable | $311118 | $378659 |

---

**Syra Health Corp**

**EBIDTA**

---

| | | |
|:---|:---|:---|
|  | **Year Ended** | **Year Ended** |
|  | **December 31, 2025** | **December 31, 2024** |
| Net Loss | $(896333) | $(3759238) |
| Interest expense | 13270 | 15600 |
| Depreciation expense | 20468 | 62738 |
| Taxes | - | - |
| Earnings before Interest, Taxes Depreciation and Amortization | $(862595) | $(3680900) |

---

---

| | | |
|:---|:---|:---|
|  | **Quarter ended** | **Quarter ended** |
|  | **December 31, 2025** | **December 31, 2024** |
| Net Loss | $(134570) | $(504397) |
| Interest expense | 5369 | 5528 |
| Depreciation expense | 2297 | 7278 |
| Taxes | - | - |
| Earnings before Interest, Taxes Depreciation and Amortization | $(126904) | $(491591) |

---

Non-GAAP Financial Measures

In addition to financial results reported in accordance with accounting principles generally accepted in the United States of America ("GAAP"), we have provided the following non-GAAP financial measure in this release and the accompanying tables: adjusted EBITDA. We use this non-GAAP financial measures internally to facilitate period-to-period comparisons and analysis of our operating performance and liquidity, and believe it is useful to investors as a supplement to GAAP measures in analyzing, trending, and benchmarking the performance and value of our business. However, this measure is not intended to be a substitute for those reported in accordance with GAAP. These measures may be different from non-GAAP financial measures used by other companies, even when similar terms are used to identify such measures. For reconciliations of historical non-GAAP financial measures to the most comparable financial measures under GAAP, see the table below.

**About Syra Health**

Syra Health is an integrated healthcare solutions company serving government and commercial healthcare organizations with innovative solutions that improve health outcomes. We specialize in healthcare prevention, expanding access, and delivering affordable solutions. Our healthcare analytics capabilities provide proactive, actionable insights and data-driven intelligence, and our HIPAA-compliant and fully accessible digital health solutions enable measurable health outcomes in highly regulated healthcare environments. Through training and education, we help healthcare organizations reduce costs and deliver consistent, high-quality care.

**Forward-Looking Statements**

Statements in this press release about future expectations, plans, and prospects, as well as any other statements regarding matters that are not historical facts, may constitute "forward-looking statements." These statements include but are not limited to, statements relating to the expected use of proceeds, the Company's operations and business strategy, and the Company's expected financial results. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "will," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. The forward-looking statements contained in this press release are based on management's current expectations and are subject to substantial risks, uncertainty, and changes in circumstances. Investors should read the risk factors set forth in our Form 10-K for the year ended December 31, 2025, and other periodic reports filed with the Securities and Exchange Commission. Any forward-looking statements contained in this press release speak only as of the date hereof, and, except as required by federal securities laws, the Company specifically disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events, or otherwise.

**Contact**

Christine Drury

IR/PR

Syra Health

463-345-5180

christined@syrahealth.com