• Q3 revenue totals $21.6 million
  • Q3 net income and adjusted EBITDA of $1.2 million and $6.3 million
  • 2026 revenue guidance updated to $87-$93 million; adjusted EBITDA guidance unchanged at $21-$25 million
  • Repaid $9.3 million in debt principal since June 30, 2026, reducing current outstanding principal to $10.4 million

WALTHAM, Mass., Nov. 11, 2026 (GLOBE NEWSWIRE) — OptimizeRx Corp. (the “Company”) (Nasdaq: OPRX), a leading provider of healthcare technology solutions helping life sciences companies reach and engage healthcare professionals (HCPs) and patients, today announced results for the three months ended September 30, 2026.

Financial Highlights

  • Revenue decreased 17% to $21.6 million in Q3 2026, compared to $26.1 million in Q3 2025.
  • GAAP net income of $1.2 million or $0.06 per basic and diluted share in Q3 2026, compared to GAAP net income of $0.8 million, or $0.04 per basic and diluted share, in Q3 2025.
  • Non-GAAP net income of $3.8 million, or $0.20 per diluted share in Q3 2026, compared to Non-GAAP net income of $3.1 million or $0.16 per diluted share, in Q3 2025. (See *Non-GAAP Measures below)
  • Adjusted EBITDA of $6.3 million in Q3 2026 compared to $5.1 million in Q3 2025. (See *Non-GAAP Measures below)
  • Operating cash flow was $12.9 million for the nine months ended September 30, 2026 and the Company had cash and cash equivalents of $22.3 million as of September 30, 2026 compared to $23.4 million as of December 31, 2025.

Stephen L. Silvestro, OptimizeRx CEO commented, “Third quarter revenue and adjusted EBITDA both exceeded consensus expectations, reflecting continued margin expansion, disciplined execution, and the resilience of our operating model. While revenue declined year-over-year, adjusted EBITDA increased approximately 23%, with adjusted EBITDA margins expanding over 900 basis points, demonstrating the benefits of our improved product mix and cost management initiatives.

“While in-year contracted revenue continues to track below prior-year levels, resulting in a revision to our full-year 2026 revenue outlook, we remain encouraged by the growth we are seeing in contracted revenue for 2027, highlighting a start to a strong RFP season. We are seeing expanding opportunities within key accounts, renewed spending in the fourth quarter from a previously significant customer, and indications of pent-up demand as customers execute against their marketing budgets for the 2027 RFP season. We believe these developments, along with our continued focus on strengthening our commercial leadership and broadening our product capabilities, position us to capture additional demand and support future growth.

“More importantly, we believe OptimizeRx is uniquely positioned for the next evolution of healthcare marketing through three fundamental competitive advantages: our proven and increasingly scalable artificial intelligence (AI)-enabled platform, our proprietary healthcare data and solutions that are difficult to replicate or disintermediate, and our deeply integrated EHR network with substantial reach and meaningful barriers to entry. Our Dynamic Audience Activation Platform and expanding AI-enabled audience intelligence capabilities demonstrate the value of these investments, while our partnerships with DeepIntent, The Trade Desk, and PulsePoint are broadening programmatic access to our proprietary network. Together, these initiatives create opportunities to increase network utilization, expand customer reach, and capture a greater share of pharmaceutical marketing budgets. We believe the progress we’ve made throughout 2026 has established a stronger foundation for sustainable, profitable growth and long-term shareholder value creation.”

  Rolling Twelve Months Ended
September 30,
Key Performance Indicators (KPIs)**   2026       2025  
  (in thousands, except percentages)
Average revenue per top 20 pharmaceutical manufacturer $ 2,504     $ 3,087  
Percent of total revenue attributable to top 20 pharmaceutical manufacturers   53 %     56 %
Net revenue retention   83 %     121 %
Revenue per average full-time employee $ 706     $ 820  
               

2026 Financial Outlook

The Company is updating its fiscal year 2026 guidance, and now expects revenue of $87 million to $93 million and adjusted EBITDA of $21 million to $25 million.

Conference Call

Date: Wednesday, November 11, 2026
Time: 4:30 p.m. Eastern Time (1:30 p.m. Pacific Time)
Toll Free: 1-877-407-9716
International: 1-201-493-6779
Conference ID: 13763502
Call Me: https://callme.viavid.com/viavid/?callme=true&passcode=13760191&h=true&info=company-email&r=true&B=6
Webcast: https://viavid.webcasts.com/starthere.jsp?ei=1780405&tp_key=07d90b8ba4
Webcast Replay: The archived webcast will be on the investor relations section of the OptimizeRx website.
   

Individual Meeting Invitation

As part of our ongoing investor outreach efforts, OptimizeRx management has dedicated time to hosting individual meetings with portfolio managers and analysts. If you are interested in scheduling a meeting with OptimizeRx management, please contact: adsilva@optimizerx.com or dfarrell@lifesciadvisors.com.

*Non-GAAP Measures

In addition to the financial measures prepared in accordance with generally accepted accounting principles (GAAP), this earnings release also contains non-GAAP financial measures. The reasons why we believe these measures provide useful information to investors and, for historical periods, a reconciliation of these measures to the most directly comparable GAAP measures are included in the supplemental tables that follow.

Although the Company provides guidance for adjusted EBITDA, a non-GAAP financial measure, it is not able to provide guidance to the most directly comparable GAAP measure. Reconciliations for forward-looking figures would require unreasonable effort at this time because of the uncertainty and variability of the nature and amount of certain components of various necessary GAAP components, including, for example, those related to compensation, acquisition expenses, other income, amortization or others that may arise during the year, and the Company’s management believes such reconciliations would imply a degree of precision that would be confusing or misleading to investors. For the same reasons, the Company is unable to address the probable significance of the unavailable information.

**Definition of Key Performance Indicators

Top 20 pharmaceutical manufacturers: We have updated the definition of “top 20 pharmaceutical manufacturers” in our key performance indicators to be based upon Fierce Pharma’s most updated list of “The top 20 pharma companies by 2025 revenue”. We previously used “The top 20 pharma companies by 2024 revenue”. As a result of this change, prior periods have been restated for comparative purposes.

Net revenue retention: Net revenue retention is a comparison of revenue generated from all clients in the previous 12 months period to total revenue generated from the same clients in the following year (i.e., excludes new client relationships for the most recent year).

Revenue per average full-time employee: We define revenue per average full-time employee (FTE) as total revenue over the last 12 months (LTM) divided by the average number of employees over the LTM, which is calculated by averaging our total number of FTEs at the end of the prior year period and our total FTE headcount at the end of the most recent period.

About OptimizeRx

OptimizeRx is a leading healthcare technology company that’s redefining how life science brands connect with patients and healthcare providers. Our platform combines innovative AI-driven tools like the Dynamic Audience Activation Platform (DAAP) and Micro-Neighborhood Targeting (MNT) to deliver timely, relevant, and hyper-local engagement. By bridging the gap between HCP and direct-to-consumer (DTC) strategies, we empower brands to create synchronized marketing solutions that drive faster treatment decisions and improved patient outcomes.

Our commitment to privacy-safe, patient-centric technology ensures that every interaction is designed to make a meaningful impact, delivering life-changing therapies to the right patients at the right time. Headquartered in Waltham, Massachusetts, OptimizeRx partners with some of the world’s leading pharmaceutical and life sciences companies to transform the healthcare landscape and create a healthier future for all.

For more information, follow the Company on X, LinkedIn or visit www.optimizerx.com. 

Important Cautions Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “anticipates”, “believes”, “estimates”, “expects”, “forecasts”, “intends”, “plans”, “projects”, “targets”, “designed”, “could”, “may”, “should”, “will” or other similar words and expressions are intended to identify these forward-looking statements. All statements that reflect the Company’s expectations, assumptions, projections, beliefs or opinions about the future, other than statements of historical fact, are forward-looking statements, including, without limitation, statements relating to the Company’s future performance, expected revenues, expected adjusted EBITDA, the Company’s updated fiscal year 2026 guidance, expected trends in contracted revenue, expanding opportunities within key accounts, renewed customer spending, current strength in the RFP season resulting in growth in contracted revenue, anticipated demand in connection with the 2027 RFP season resulting in customers executing against their marketing budgets, the Company’s investments in commercial leadership and expanded product capabilities positioning the Company to capture additional demand and support future growth, the Company’s competitive advantages, including its AI-enabled platform, proprietary healthcare data and solutions, and integrated EHR network, the DAAP and AI-enabled audience intelligence capabilities, the Company’s partnerships with DeepIntent, The Trade Desk, and PulsePoint broadening programmatic access to the Company’s network, opportunities to increase network utilization, expand customer reach, and capture a greater share of pharmaceutical marketing budgets, the Company’s foundation for sustainable, profitable growth, and long-term shareholder value creation, and other statements relating to future performance, plans, and expectations. These forward-looking statements are based on the Company’s current expectations and involve assumptions regarding the Company’s business, the economy, and other future conditions that may never materialize or may prove to be incorrect. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted, or quantified. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of various risks and uncertainties including, but not limited to, the effect of government regulation, seasonal trends, dependence on a concentrated group of customers, changes in the timing, amount or renewal of customer contracts and marketing budgets, the ability to successfully develop, commercialize and achieve market acceptance of AI-enabled products and solutions, reliance on third-party partners, including programmatic advertising partners, the Company’s indebtedness, cybersecurity incidents that could disrupt operations, the ability to keep pace with growing and evolving technology, the ability to maintain contracts with electronic prescription platforms and electronic health records networks, competition, and other factors discussed in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, its subsequent Quarterly Reports on Form 10-Q, and in other filings the Company has made and may make with the Securities and Exchange Commission in the future. One should not place undue reliance on these forward-looking statements, which speak only as of the date on which they were made. The Company undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made, except as may be required by law.

OptimizeRx Contact
Andy D’Silva, Chief Business Officer
adsilva@optimizerx.com

Investor Relations Contact
Douglas Farrell
LifeSci Advisors, LLC
dfarrell@lifesciadvisors.com

       
OPTIMIZERX CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands, except share and per share data)
       
  September 30,
2026
  December 31,
2025
ASSETS (unaudited)    
Current assets      
Cash and cash equivalents $ 22,325     $ 23,365  
Accounts receivable, net of allowance for credit losses of $295 and $260 at September 30, 2026 and December 31, 2025, respectively   25,175       37,752  
Taxes receivable   1,653       752  
Prepaid expenses and other   3,877       2,846  
Total current assets   53,030       64,715  
Property and equipment, net   115       106  
Other assets      
Goodwill   70,869       70,869  
Patent rights, net   4,107       4,586  
Technology assets, net   5,987       6,870  
Customer relationships, net   27,570       29,340  
Operating lease right of use assets   397       404  
Security deposits and other assets   18       28  
Total other assets   108,948       112,097  
TOTAL ASSETS $ 162,093     $ 176,918  
       
LIABILITIES AND STOCKHOLDERS’ EQUITY      
Current liabilities      
Current portion of long-term debt $ 1,250     $ 4,255  
Accounts payable   1,838       1,636  
Accrued expenses   5,108       11,591  
Revenue share payable   1,552       3,086  
Current portion of lease liabilities   232       193  
Deferred revenue   502       503  
Total current liabilities   10,482       21,264  
Non-current liabilities      
Long-term debt, net   11,479       21,421  
Lease liabilities, net of current portion   185       234  
Deferred tax liabilities, net   6,069       5,705  
Total liabilities   28,215       48,624  
Commitments and contingent liabilities      
Stockholders’ equity      
Preferred stock, $0.001 par value, 10,000,000 shares authorized, none issued and outstanding at September 30, 2026 or December 31, 2025   —       —  
Common stock, $0.001 par value, 166,666,667 shares authorized, 20,648,099 and 20,500,986 shares issued at September 30, 2026 and December 31, 2025, respectively   21       20  
Treasury stock, $0.001 par value, 1,741,397 shares held at September 30, 2026 and December 31, 2025   (2 )     (2 )
Additional paid-in-capital   213,083       207,512  
Accumulated other comprehensive income   15       —  
Accumulated deficit   (79,239 )     (79,236 )
Total stockholders’ equity   133,878       128,294  
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 162,093     $ 176,918  

       
OPTIMIZERX CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
(in thousands, except share and per share data, unaudited)
       
  For the Three Months Ended
September 30,
  For the Nine Months Ended
September 30,
    2026       2025       2026       2025  
               
Net revenue $ 21,615     $ 26,067     $ 61,963     $ 77,190  
               
Expenses              
Cost of revenues, exclusive of depreciation and amortization presented separately below   5,369       8,551       15,097       27,695  
Sales and marketing   4,399       5,517       14,656       16,367  
General and administrative   3,400       4,169       10,615       12,635  
Research and development   2,929       2,723       9,605       9,067  
Stock-based compensation   1,784       1,956       5,820       5,002  
Depreciation and amortization   1,064       1,080       3,192       3,249  
Total expenses   18,945       23,996       58,985       74,015  
Income from operations   2,670       2,071       2,978       3,175  
Other income (expense)              
Interest expense   (177 )     (1,154 )     (2,459 )     (4,053 )
Other income   11       62       87       139  
Interest income   62       91       220       269  
Total other expenses, net   (104 )     (1,001 )     (2,152 )     (3,645 )
Income (loss) before provision for income taxes   2,566       1,070       826       (470 )
Income tax (expense) benefit   (1,371 )     (291 )     (829 )     582  
Net income (loss) $ 1,195     $ 779     $ (3 )   $ 112  
               
Other comprehensive income, net of tax:              
Foreign currency translation adjustment   4       —       15       —  
Comprehensive income $ 1,199     $ 779     $ 12     $ 112  
               
Weighted average number of shares outstanding – basic   18,866,127       18,576,199       18,804,756       18,519,665  
Weighted average number of shares outstanding – diluted   19,221,763       19,459,877       18,804,756       19,021,905  
Income (loss) per share – basic $ 0.06     $ 0.04     $ —     $ 0.01  
Income (loss) per share – diluted $ 0.06     $ 0.04     $ —     $ 0.01  

   
OPTIMIZERX CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands, unaudited)
   
  For the Nine Months Ended
September 30,
    2026       2025  
OPERATING ACTIVITIES:      
Net (loss) income $ (3 )   $ 112  
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depreciation and amortization   3,192       3,249  
Stock-based compensation   5,820       5,002  
Bad debt expense   42       —  
Amortization of debt issuance costs   670       785  
Changes in:      
Accounts receivable   12,535       5,985  
Prepaid expenses and other assets   (1,031 )     (448 )
Accounts payable   202       (119 )
Revenue share payable   (1,534 )     (2,724 )
Accrued expenses and other liabilities   (6,472 )     1,913  
Operating lease liabilities   (3 )     15  
Deferred tax liabilities   364       —  
Taxes receivable and payable   (901 )     (2,065 )
Deferred revenue   (1 )     (78 )
NET CASH PROVIDED BY OPERATING ACTIVITIES   12,880       11,627  
       
INVESTING ACTIVITIES:      
Purchases of property and equipment   (68 )     (47 )
Capitalized software development costs   —       (91 )
NET CASH USED IN INVESTING ACTIVITIES   (68 )     (138 )
       
FINANCING ACTIVITIES:      
Cash paid for employee withholding taxes related to the vesting of restricted stock units   (271 )     (188 )
Proceeds from exercise of stock options   21       338  
Proceeds from term loan, net of issuance costs   24,298       —  
Repayment of long-term debt   (37,915 )     (5,500 )
NET CASH USED IN FINANCING ACTIVITIES   (13,867 )     (5,350 )
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS   15       —  
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS   (1,040 )     6,139  
CASH AND CASH EQUIVALENTS – BEGINNING OF PERIOD   23,365       13,380  
CASH AND CASH EQUIVALENTS – END OF PERIOD $ 22,325     $ 19,519  
       
SUPPLEMENTAL CASH FLOW INFORMATION:      
Cash paid for interest $ 1,805     $ 6,677  
Cash paid for income taxes $ 1,375     $ 2,094  
               

OPTIMIZERX CORPORATION
RECONCILIATION of GAAP to NON-GAAP FINANCIAL MEASURES
(in thousands, except share and per share data, unaudited)

This earnings release includes certain financial measures that are not prepared in accordance with generally accepted accounting principles (GAAP). These non-GAAP financial measures are performance measures that are not defined under GAAP and should be considered in addition to, and not as a substitute for, the most directly comparable GAAP measures. They may also not be comparable to similarly titled measures reported by other companies. Management believes that presenting these non-GAAP financial measures provides useful supplemental information that facilitates comparison of the Company’s historical operating results and trends, and offers transparency into how management evaluates the business. Management uses these measures in making financial, operating and planning decisions and in evaluating the Company’s performance. Excluding items that management does not consider reflective of ongoing operating results improves the comparability of year-over-year results and helps investors better understand the Company’s underlying performance. These adjustments may include items such as asset impairment charges, amortization, stock-based compensation, acquisition expenses, severance related to executive departures and reductions in force initiatives, shareholder activist related fees, CEO search fees, CMO search fees, other income, estimated income tax impact from adjustments and other items that management believes are not related to the Company’s ongoing performance.

       
RECONCILIATION of GAAP NET INCOME (LOSS) to NON-GAAP NET INCOME
       
  For the Three Months Ended
September 30,
  For the Nine Months Ended
September 30,
    2026       2025       2026       2025  
Net income (loss) $ 1,195     $ 779     $ (3 )   $ 112  
Depreciation and amortization   1,064       1,080       3,192       3,249  
Stock-based compensation   1,784       1,956       5,820       5,002  
Severance expenses   697       —       2,441       275  
Shareholder activist related fees   —       —       —       451  
CEO search fees   —       —       —       225  
CMO search fees   80       —       120       —  
Other income   (11 )     (62 )     (87 )     (139 )
Amortization of debt issuance costs   35       174       670       785  
Estimated income tax impact from adjustments*   (1,009 )     (871 )     (3,362 )     (2,724 )
Non-GAAP net income $ 3,835     $ 3,056     $ 8,791     $ 7,236  
               
Non-GAAP net income per share              
Diluted $ 0.20     $ 0.16     $ 0.46     $ 0.38  
Weighted average shares outstanding:              
Diluted   19,221,763       19,459,877       19,074,626       19,021,905  
               
*Estimated income tax impact from adjustments – consists of current and deferred income tax expense commensurate with the level of adjusted income before income taxes and utilizes an estimated current, blended U.S. and state statutory annual tax rate of 27.6% for all fiscal periods of fiscal 2026 and fiscal 2025. This rate may be subject to change in the future, including as a result of changes in tax policy or tax strategy.

       
RECONCILIATION of GAAP NET INCOME (LOSS) to ADJUSTED EBITDA
       
  For the Three Months Ended
September 30,
  For the Nine Months Ended
September 30,
    2026       2025       2026       2025  
Net income (loss) $ 1,195     $ 779     $ (3 )   $ 112  
Depreciation and amortization   1,064       1,080       3,192       3,249  
Income tax expense (benefit)   1,371       291       829       (582 )
Stock-based compensation   1,784       1,956       5,820       5,002  
Severance expenses   697       —       2,441       275  
Shareholder activist related fees   —       —       —       451  
CEO search fees   —       —       —       225  
CMO search fees   80       —       120       —  
Other income   (11 )     (62 )     (87 )     (139 )
Interest expense, net   115       1,063       2,239       3,784  
Adjusted EBITDA $ 6,295     $ 5,107     $ 14,551     $ 12,377  


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