JOINT Corp
Close on Oct 19, 2026
- Market cap
- $103.58M
- P/E (TTM)
- 26.9
- Dividend yield
- –
About Joint
Patent Owners & Lessors, SIC 6794
The Joint Corp. operates and franchises chiropractic clinics focused on routine, non-acute care through an affordable, cash-based model. Its clinics utilize licensed chiropractors to administer appointment-free adjustments in an open bay setting, bypassing insurance reimbursement and Medicare processing. Customers, prominently millennials and wellness-seeking individuals, access care via single visits or discounted membership packages and wellness plans. Additionally, the business generates revenue through ongoing royalties, marketing contributions, and franchise fees while transitioning toward a pure-play franchisor structure.
As of December 31, 2025, the company's network comprises 960 clinics operating across 43 states in the United States, including 885 franchisee-owned or managed locations and 75 company-owned or managed facilities. The text indicates potential expansion throughout North America and abroad, though it does not explicitly disclose the location of the corporate headquarters.
Summary of the business section of Joint's latest annual report, written by StockData.
Company profile
Company
- Legal name
- JOINT Corp
- Founded
- 2010
- Headquarters
- Scottsdale, AZ
- Address
- 16767 N Perimeter Drive, Suite 110 85260
- Phone
- (480) 245-5960
- Website
- thejoint.com
- Employees
- 202, Dec 31, 2025
- Industry
- Patent Owners & Lessors
- Incorporated in
- Delaware
- Fiscal year ends
- December 31
- Auditor
- BDO USA, P.C., Phoenix, Arizona
Stock & identifiers
- Ticker
- JYNT
- Exchange
- Nasdaq
- IPO date
- Nov 11, 2014
- Shares outstanding
- 14M, Aug 3, 2026
- Public float
- $172.50M, Jun 30, 2025
- Filer category
- Non-accelerated filer<br>Smaller reporting company
- SEC CIK
- 1612630
- CUSIP
- 47973J102
- ISIN
- US47973J1025
- EIN
- 90-0544160
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Sanjiv Kumar Razdan | See Remarks, Director | 162,516 |
| Scott Justin Bowman | Chief Financial Officer | 46,893 |
| Jake Singleton | Chief Financial Officer | 69,224 |
| Milind Pant | Director | 0 |
| Sandra R. Karrmann | Director | 10,563 |
| Ronald V. DaVella | Director | 23,243 |
| Matthew E. Rubel | Director | 23,177 |
| Christopher M. Grandpre | Director | 45,097 |
| Suzanne M. Decker | Director | 36,093 |
| Abe Hong | Director | 26,143 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 Razdan | $1.82M | $1.56M | $1.25M | $-38 | – |
| FY2024 Holt | $1.19M | $759.32K | $672.64K | $-24 | – |
| FY2024 Razdan | $864.24K | $881.87K | $672.64K | $-24 | – |
| FY2023 Holt | $706.10K | $561.37K | $541.36K | $-31 | – |
| FY2022 Holt | $741.36K | -$1.73M | $406.42K | $-84 | – |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“As of December 31, 2025, we and our consolidated VIEs employed approximately 202 persons on a full-time basis and approximately 128 persons on a part-time basis.”
Corporate history
Events identified from SEC filings