AMSTNasdaqServices-Prepackaged SoftwareUS GAAP · USD

Amesite Inc.

Amesite Inc. is a U.S.-based software company that builds AI-driven applications for both consumer and enterprise users. Its current business is centered on NurseMagic™, a mobile healthcare app designed to help nurses create documentation, communicate with patients, and get workflow guidance in post-acute care settings. The company also operates an education platform for professional learning, though recent filings indicate its strategic emphasis has shifted toward healthcare. Amesite was incorporated in 2017 and describes itself as using proprietary AI infrastructure, patents, and configurable deployments to deliver tightly integrated software and services. The company remains early-stage, with limited revenue and ongoing financing needs, and it continues to position its products around rapid deployment and low integration burden.

Revenue0.4m USD
+230.2 %y/y
Operating profit (EBIT)-3.1m USD
+12.8 %y/y
EBIT margin-861.7%
+2,400.7 ppy/y
Net income-3.1m USD
+14.4 %y/y
Free cash flow-2.2m USD
+12.4 %y/y

Fiscal year 2026 · change from previous year

Development 2021–2026

-10-8-6-4-202m USD2021: 0.67 m USD20212022: 0.70 m USD2022: EBIT -9.1 m USD20222023: 0.85 m USD2023: EBIT -4.2 m USD20232024: 0.17 m USD2024: EBIT -4.6 m USD20242025: 0.11 m USD2025: EBIT -3.6 m USD20252026: 0.36 m USD2026: EBIT -3.1 m USD20260.36-3.1
RevenueOperating profit (EBIT)

Business

Share of revenue
Healthcare AI software70 %

NurseMagic™ and related AI tools for nursing documentation, communication, and workflow support in post-acute care.

Education and professional learning20 %

The company's higher-ed and professional learning platform used by institutions and learners for online education.

Hosted platform services10 %

Recurring hosted software and technology-enabled services delivered under customer contracts over time.

Products

Reported · share of revenue
75.6%24.4%FY2025100 %
  • Business B2 B75.6 %
  • Individuals B2 C24.4 %

Source: 10-K FY2025, revenue the company reports per product line (SEC XBRL). Shares are of the lines shown and add up to 100 %.

Customers

Amesite sells to both individual users and organizations, with recent filings showing a clear pivot toward healthcare. On the consumer side, individual nurses use NurseMagic™ to speed up note-taking, documentation, and day-to-day clinical support. On the enterprise side, post-acute care organizations such as skilled nursing, assisted living, memory care, home health, and rehabilitation providers buy the product to improve staff productivity and standardize workflows. The company also has legacy or secondary customers in education and professional learning, including institutions and other organizations that use its hosted learning platform. Management emphasizes that the product is designed for simple deployment and configurable workflows, which matters to buyers that want fast adoption without complex IT integration.

Individual nurses

Buy NurseMagic™ directly for documentation help, patient communication support, and practical guidance in daily work.

Post-acute care enterprises

Skilled nursing, assisted living, memory care, home health, and rehabilitation organizations buy the app to improve staff efficiency and standardize care workflows.

Healthcare administrators and operators

Decision-makers who evaluate ROI, compliance, and ease of deployment before rolling out the platform across teams.

Education and professional learning customers

Institutions and organizations using Amesite's learning platform for online training and professional development.

Strategy

Amesite's current strategy is to concentrate resources on NurseMagic™ and the healthcare market rather than spreading investment across multiple product lines. Management says the app is designed for rapid deployment, no external integration, and configurable workflows, which supports faster adoption in post-acute care. The company is also trying to build traction in both B2C and B2B channels, using individual nurses and enterprise customers to expand market reach. At the same time, Amesite has defocused on academic customers and is not dedicating resources to growing Amesite Engage, suggesting a narrower product and capital allocation strategy. This focus is meant to improve commercialization efficiency and reduce cash burn, but it also increases dependence on one core product and one end market.

Scale NurseMagic™ adoption in post-acute careShort term

The company is concentrating on the product with the clearest commercial traction and the most direct healthcare use case.

Maintain low-friction deployment and configurabilityShort term

Ease of onboarding and minimal integration are central to adoption in healthcare organizations with limited IT tolerance.

Improve cash discipline and funding flexibilityShort term

The company is not profitable and continues to face going-concern uncertainty, so capital access is critical.

Build a defensible AI product moatMedium term

Patents, proprietary infrastructure, and trade secrets are intended to support differentiation in a competitive market.

Geography

Amesite is headquartered in the United States and its filings are written as those of a U.S. public company. The available excerpts do not disclose a formal geographic revenue split, and the business appears to be primarily U.S.-focused based on its healthcare and education customer base. Because NurseMagic™ targets regulated U.S. healthcare settings, domestic compliance requirements such as HIPAA and CMS rules are central to operations. The company also references GDPR in its risk disclosures, indicating that privacy and data rules outside the U.S. could matter if it expands internationally or handles cross-border data. At present, geography matters more as a regulatory and market-access issue than as a manufacturing or supply-chain footprint.

Risks

Amesite faces substantial execution risk because it is still building a recurring revenue base while competing against larger healthcare software vendors and AI-first entrants. Its NurseMagic™ product operates in a heavily regulated environment, so failures in HIPAA, CMS, privacy, or emerging AI compliance could trigger penalties, customer loss, or reputational damage. The company also depends on adoption by nurses and healthcare organizations, and market acceptance could be slowed by organizational inertia, integration concerns, or skepticism about AI in clinical settings. Financially, the business remains unprofitable and has disclosed substantial doubt about its ability to continue as a going concern, making access to external financing a key risk. More broadly, macro weakness in healthcare IT spending, cybersecurity incidents, and rapid changes in AI regulation could all pressure growth and operating continuity.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Going-concern and financing dependence1AI adoption and competitive pressure2Healthcare regulatory compliance3Cybersecurity and data breach exposure4
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Going-concern and financing dependenceImpact: CriticalLikelihood: High

    The company is not profitable and says its financing plans may not be sufficient or within its control.

    Exposure: Corporate liquidity and ability to fund operations

  2. AI adoption and competitive pressureImpact: HighLikelihood: High

    Customers may prefer established vendors or delay adoption of AI tools in clinical workflows.

    Exposure: Market penetration and retention

  3. Healthcare regulatory complianceImpact: HighLikelihood: Medium

    NurseMagic™ is used in regulated post-acute settings where privacy, documentation, and care standards matter.

    ExposureHIPAACMSHITECHState privacy laws
  4. Cybersecurity and data breach exposureImpact: HighLikelihood: Medium

    The platform processes sensitive health and personal data, making breaches potentially costly and damaging.

    Exposure: Patient and customer data

Accounting

Judgemental items
Revenue recognition over time

Contracts are generally recognized ratably over the service period, so timing of go-live and contract duration affect reported revenue.

Impact: Affects revenue smoothing and deferred revenue balances

Deferred revenue

The balance represents future performance obligations and helps indicate contracted but unearned revenue.

Impact: Important for assessing near-term revenue visibility

Capitalized software development costs

Management must judge when development costs qualify for capitalization and how long the software will be useful.

Impact: Affects operating expenses, intangible assets, and amortization

Going-concern assessment

Liquidity forecasts and financing assumptions are judgmental and central to the company's ability to continue operating.

Impact: Material to solvency and financial statement interpretation

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026

Amesite Inc. (AMST) Revenue, Earnings & Financials 2026 – Clarifo