WORXNasdaqServices-Computer Processing & Data PreparationUS GAAP · USD

SCWorx Corp.

SCWorx Corp. provides healthcare data content and software services for hospitals and health systems in the United States. Its offerings are delivered primarily as hosted SaaS solutions and related data services that help providers manage item master data, contract and rebate workflows, analytics, and data integration.

Revenue2.9m USD
−3.7 %y/y
Operating profit (EBIT)-1.0m USD
+23.9 %y/y
EBIT margin-33.3%
+8.8 ppy/y
Net income-4.4m USD
−291.1 %y/y

Fiscal year 2025 · change from previous year

Development 2020–2025

-7.5-5.0-2.50.02.55.07.5m USD2020: 5.2 m USD2020: EBIT -6.0 m USD20202021: 4.6 m USD2021: EBIT -3.8 m USD20212022: 4.0 m USD2022: EBIT -2.1 m USD20222023: 3.8 m USD2023: EBIT -1.5 m USD20232024: 3.0 m USD2024: EBIT -1.3 m USD20242025: 2.9 m USD2025: EBIT -0.96 m USD20252.9-0.96
RevenueOperating profit (EBIT)

Business

Share of revenue
Healthcare data content management35 %

Tools and services for item master file, CDM, and contract data management.

Rebate and procurement workflow software20 %

Software used to manage rebates, RFPs, and related purchasing workflows.

Analytics and business intelligence20 %

Big data analytics and reporting tools for healthcare decision support.

Data integration and warehousing25 %

Hosted data infrastructure and integration services for healthcare clients.

Customers

SCWorx sells primarily to hospitals and health systems, especially healthcare providers that need better data interoperability and item-level data management. Its clients are geographically dispersed across the United States, and the company also uses distribution, reseller, and strategic partner channels to reach them.

Hospitals

Buy data content and workflow software to improve item master accuracy, billing, and procurement visibility.

Health systems

Use SCWorx tools for contract management, rebate management, and enterprise data integration.

Healthcare providers

Adopt analytics and interoperability solutions to improve decision-making and reduce data friction.

Distribution and reseller partners

Help package and sell SCWorx solutions into provider accounts.

Strategy

SCWorx’s strategy centers on selling healthcare data and interoperability software through direct sales and strategic partners. The company emphasizes hosted SaaS delivery, which supports recurring contracted relationships and easier deployment across provider organizations.

Grow provider adoption through direct and partner channelsShort term

The company relies on both direct sales and distribution/reseller relationships to reach hospitals efficiently.

Deepen SaaS-based recurring customer relationshipsMedium term

Fixed-term hosted contracts support stickier deployments and easier ongoing service delivery.

Broaden the healthcare data workflow suiteMedium term

A wider module set increases relevance across item master, contract, rebate, and analytics workflows.

Geography

SCWorx is a U.S.-focused business, with sales and client relationships concentrated in the United States. The company describes its customers as geographically dispersed throughout the country, which makes national provider coverage and partner reach important to its go-to-market model.

Risks

SCWorx depends on a relatively small set of healthcare provider contracts, so non-renewals or delayed implementations can quickly affect revenue. The business also faces execution risk tied to SaaS delivery, cloud hosting, and partner-led sales, while the healthcare software market remains competitive and sensitive to provider budget cycles and integration complexity.

Sorted by severity
Customer contract expiration and non-renewalHigh

Revenue is tied to fixed-term provider contracts, so lost renewals directly reduce sales.

Exposure: Hospitals and health systems

Customer concentration and small scaleHigh

A limited revenue base means individual account changes can have outsized impact.

Exposure: U.S. healthcare providers

Cloud hosting and service delivery dependenceMedium

Solutions are hosted in third-party data centers, so uptime and vendor reliability matter.

Exposure: AWS and RackSpace hosting

Partner and reseller channel executionMedium

A meaningful portion of go-to-market depends on third-party relationships and referrals.

Exposure: Distribution and reseller partnerships

Accounting

Judgemental items
Revenue recognition on SaaS and service contracts

Fixed-term hosted contracts require judgment on timing and performance obligations.

Impact: Affects reported revenue timing and comparability across periods

Contract expiration and renewal accounting

Non-renewals directly change recognized revenue and backlog visibility.

Impact: Can create sharp quarterly revenue swings

Convertible notes and debt discount amortization

Non-cash interest expense and discount amortization increased other expense.

Impact: Affects net loss and financing cost presentation

Cloud hosting and outsourced infrastructure costs

AWS and RackSpace hosting costs are a core delivery expense for SaaS services.

Impact: Influences gross margin and cost of revenues

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026

SCWorx Corp. (WORX) Revenue, Earnings & Financials 2025 – Clarifo