Project Doctor 25 Million of Revenue 6.5 Million of EBITDA

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by a searcher from University of South Carolina
in Huntington Beach, CA, USA

1h ago

Project Doctor 25 Million of Revenue 6.5 Million of EBITDA

What Project Doctor does: Think of the telehealth brands you see advertised for weight loss, hair loss, men's health or skin care. Most of them don't employ their own doctors. They run the brand, the ads and the website, and Project Doctor supplies the medical side behind the scenes. When a patient signs up with one of those brands, Project Doctor's licensed doctors review the patient's intake and prescribe if appropriate. Project Doctor then sends the prescription to a partner pharmacy, which ships it to the patient. It also handles the compliance and state licensing needed to do this in all 50 states and DC. The brand pays Project Doctor a fee for every doctor visit. Today it powers hundreds of digital health brands. Why it's a strong asset: • National network: 100+ active MD/DO providers and 70+ visit types, built over years • No marketing spend: the brands pay to acquire patients; Project Doctor spends less than 1% of revenue on advertising • Capital-light: no capex and recurring revenue Financials (last twelve months to August 2026; unaudited, before a quality-of-earnings review): • LTM revenue: $22.8M, up from $13.3M in FY2024 • LTM adjusted EBITDA: $6.4M, a 28% margin • LTM gross margin: 57.3%, up from 46.2% in FY2024 • FY2025 for reference: $8.0M adjusted EBITDA

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reply by a searcher 55m ago
from New York University in Marina del Rey, CA, USA

How do the telehealth providers typically do? It seems like something someone could bootstrapp and just provide, for example, if you were to cross-market therapy and medication management and use your service but provide recently licensed therapists with listings and some paid marketing that they don’t pay for, but the platform takes a margin of payment. How much does it cost to get within the network to have access to telehealth doctors or the client write-up type telehealth process where they get oversee charts?