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MTBC revenue
MTBC's revenue is $110.8 million.
What is MTBC's revenue?
- MTBC's revenue growth from 2013 to 2024 is 958.34%.
- MTBC has 2,050 employees, and the revenue per employee ratio is $54,066.
- MTBC's peak quarterly revenue was $38.3M in 2021(q3).
- MTBC peak revenue was $138.8M in 2021.
- MTBC annual revenue for 2023 was 117.1M, -15.68% growth from 2022.
- MTBC annual revenue for 2024 was 110.8M, -5.32% growth from 2023.
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MTBC historical revenue
MTBC's peak revenue was $138.8M in 2021. The peak quarterly revenue was $38.3M in 2021(q3).
MTBC's revenue increased from $10.5m in 2013 to $110.8M currently. That's a 958.34% change in annual revenue.
MTBC annual revenue
MTBC annual revenue over time
| Fiscal year / year | MTBC revenue |
|---|---|
| 2013 | $10.5M |
| 2014 | $18.3M |
| 2015 | $23.1M |
| 2016 | $24.5M |
| 2017 | $31.8M |
| 2018 | $50.5M |
| 2019 | $64.4M |
| 2020 | $105.1M |
| 2021 | $138.8M |
| 2022 | $138.8M |
| 2023 | $117.1M |
| 2024 | $110.8M |
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MTBC annual growth
MTBC saw the greatest revenue growth in 2014, when revenue increased by 74.77%.
MTBC had the lowest revenue growth in 2022, when revenue changed by -0.55%.
MTBC annual growth rate over time
| Year | MTBC growth |
|---|---|
| 2014 | 75%↑ |
| 2015 | 26%↑ |
| 2016 | 6%↑ |
| 2017 | 30%↑ |
| 2018 | 59%↑ |
| 2019 | 27%↑ |
| 2020 | 63%↑ |
| 2021 | 32%↑ |
| 2022 | 0%↓ |
| 2023 | -16%↓ |
| 2024 | -5%↓ |
MTBC quarterly revenue over time
- Q1
- Q2
- Q3
- Q4
MTBC quarterly growth rate over time
| Year | Q1 | Q2 | Q3 | Q4 |
|---|---|---|---|---|
| 2014 | - | $2.6M | $6.0M | $7.1M |
| 2015 | $6.1M | $6.0M | $5.6M | $5.4M |
| 2016 | $5.1M | $5.2M | $5.3M | $8.8M |
| 2017 | $8.2M | $7.8M | $7.5M | $8.3M |
| 2018 | $8.3M | $8.7M | $17.0M | $16.5M |
| 2019 | $15.1M | $16.7M | $16.9M | $15.8M |
| 2020 | $21.9M | $19.6M | $31.6M | $32.0M |
| 2021 | $29.8M | $34.1M | $38.3M | $36.7M |
| 2022 | $35.3M | $37.2M | $33.7M | $32.5M |
| 2023 | $30.0M | $29.4M | $29.3M | $28.4M |
| 2024 | $26.0M | $28.1M | $28.5M | $28.2M |
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MTBC financial information
| Industry | Software & Services |
| Company Type | Public |
| Employees Number | 2,050 |
| Date Founded | 1999 |
| Headquarters | Somerset, New Jersey |
| Number of Locations | 11 |
| Revenue | $110.8M |
| Net Income | $5,432,000 |
| Gross Proft | $50.0M (2024) |
| EBITDA | $23.0M (2024) |
| PE Ratio | 4.49 |
| Tax Rate | 0.0% |
| Market Capitalization | $35.2M |
| Total Assets | $136,174,000 |
| Ticker | MTBC |
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MTBC financing
MTBC received early financing of $500.0K on 2016-12-07.
| Series | Round size | Date |
|---|---|---|
| Equity | $2.3M | 05/2017 |
| Options | $500K | 12/2016 |
MTBC competitors
MTBC's top competitor, Coventry Health Care, earned an annual revenue of $14.1B.
MTBC's smallest competitor is Mediscribes with revenue of $800.0K last year.
| Company name | Average salary | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Streamline Health | $94,721 | $24.9M | 103 | - |
| Coventry Health Care | $47,768 | $14.1B | 14,400 | 1 |
| athenahealth | $91,178 | $1.2B | 6,001 | 78 |
| iMedX | $50,174 | $80.0M | 3,000 | 5 |
| Acusis | $52,296 | $69.0M | 3,000 | - |
| Zotec Partners | $40,225 | $190.0M | 550 | 9 |
| MediGain | $49,554 | $34.4M | 350 | - |
| Clinic Service | $47,965 | $22.0M | 662 | - |
| Radiology | $47,029 | $3.6M | 224 | 7 |
| MedQuist Holdings | $45,357 | - | 5,000 | - |
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Zippia gives an in-depth look into the details of MTBC, including salaries, political affiliations, employee data, and more, in order to inform job seekers about MTBC. The employee data is based on information from people who have self-reported their past or current employments at MTBC. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by MTBC. The data presented on this page does not represent the view of MTBC and its employees or that of Zippia.
MTBC may also be known as or be related to CareCloud Inc, MEDICAL TRANSCRIPTION BILLING, CORP, MTBC, Medical Transcription Billing Corp, Medical Transcription Billing Corp., Medical Transcription Billing, Corp. and Mtbc.