DarioHealth Corp.

DarioHealth Corp. builds digital health and chronic-condition management solutions that combine self-care apps, coaching, analytics, and connected devices for employers, health plans, and pharmaceutical companies. The company grew out of direct-to-consumer digital health and now sells a broader AI-driven platform through B2B and B2B2C channels, with a growing focus on behavioral health, cardiometabolic care, and medication support.

−162,6 %

56,6 %

−186,6 %

−17,3 %

3.76

3.30

— DarioHealth Corp.
%
Chronic condition management40% Digital programs for diabetes, hypertension, weight management, and related conditions.
Behavioral health20% Mental health and engagement tools sold to health plans, employers, and members.
Employer and payer solutions25% Enterprise deployments for self-insured employers, health plans, and benefit administrators.
Pharmaceutical partnerships10% Patient education, adherence support, and journey analytics for drug makers.
Direct-to-consumer digital health5% Consumer-facing self-care offerings used as an innovation and testing channel.

The core buyers are health plans, self-insured employers, benefit administrators, and pharmaceutical companies that...

  • Health plansprimary

    Buy member-facing digital health and behavioral health programs to improve engagement and outcomes.

  • Medium-to-large employersprimary

    Purchase chronic condition and wellness solutions to reduce claims costs and improve productivity.

  • Pharmaceutical companiessecondary

    Use the platform for patient education, adherence support, and journey analytics.

  • Government and public-sector employerssecondary

    Adopt the platform for employee health programs and cost containment.

  • Direct-to-consumer usersemerging

    Use self-care tools and digital coaching, mainly as a product development and engagement channel.

DarioHealth is headquartered in the United States and generates most of its commercial activity there, including...

  • United States is the main commercial market for employers and health plans
  • Israel is an important operating base for management and operations
  • China sourcing exposes hardware supply chains to tariff and trade risk
  • Global pharma partnerships broaden reach beyond the U.S. core market
  • B2B2C channels depend on national distribution and partner networks

Management is pushing the business from a D2C origin toward scaled enterprise distribution through employers, health...

01
Scale B2B2C distributionshort-term

Enterprise and partner channels now drive most revenue and offer larger, repeatable contracts.

02
Expand cardiometabolic and GLP-1 supportmedium-term

Employers and payers want tools that improve outcomes and help manage expensive therapies.

03
Broaden customer diversificationshort-term

Revenue concentration with a major customer creates downside if that relationship weakens.

The company faces customer concentration risk, since a major customer still represents a meaningful share of revenue...

high

Customer concentration

A major customer still accounts for a meaningful share of revenue and receivables, so loss or underperformance would reduce sales quickly.

Scope
One customer accounted for 10.6% of six-month revenue and 16.4% of receivables
Materiality
high
high

Debt covenant breach

The company did not meet one financial covenant and may need waivers, amendments, or an equity cure to avoid worse financing terms.

Scope
Credit Agreement with up to $50 million facility
Materiality
high
medium

Tariff and supply-chain disruption

Some medical devices and hardware components are manufactured in China, making the business vulnerable to trade policy changes and sourcing delays.

Scope
Hardware sourcing and partner-side implementation
Materiality
medium
medium

Geopolitical exposure in Israel

Principal executive officers and significant operations are in Israel, so conflict or instability could disrupt operations and execution.

Scope
Management and operating footprint
Materiality
medium
medium

Nasdaq listing and stock volatility

Low share price and extreme volatility can restrict access to capital and increase financing uncertainty.

Scope
Nasdaq bid-price compliance and market perception
Materiality
medium
Revenue recognition timing
Quarterly revenue comparability
Acquisition-related intangible amortization
Reported profitability
Fair value remeasurement of warrants
Net income volatility
Stock-based compensation
G&A and operating loss
Debt covenant compliance
Financing costs and liquidity

: 28/04/2026