The Joint (JYNT)
Runs a U.S. chiropractic franchise built around walk-in, non-insurance care.
Something off on this page? Send us feedback.
Operates and franchises The Joint Chiropractic clinics in the United States, with revenue increasingly tied to franchise royalties, fees, advertising fund contributions, and software support. Its shift toward a nearly pure franchisor model makes franchisee clinic sales and state chiropractic and franchise rules central operating dependencies.
Built around The Joint Chiropractic brand, the business sells routine chiropractic adjustments through retail clinics with walk-in access, transparent private-pay pricing, membership and wellness packages, and no insurance billing.
Revenue from continuing operations is franchise-led: royalties, franchise fees, advertising fund contributions, software fees, and IT-related income from franchisees. Corporate clinic revenue has been pushed into discontinued operations as management refranchises owned or managed locations.
The network is concentrated in the United States and competes in a fragmented chiropractic market against independent practices, multi-unit chiropractic operators, and adjacent care providers. The model depends on franchisee clinic sales, regional developer execution, state chiropractic rules, franchise-law disclosure requirements, healthcare privacy obligations, and payment-card compliance.
Company facts
Target rangeAs of Sep 2, 2026
Latest analyst notes
No analyst notes in the last 24 months.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $22.2M · Total debt $2.0M · Total assets $51.6M · Shareholders' equity $15.9M
- Revenue
- $15.2M
- Operating income
- −$368.7K
- Net income
- $653.0K
No dividends on record.
| Institutions90 holders · as of Jun 30, 2026 | 68.28% | 9.73M shares | |
| Insiders12 holders · as of Jun 12, 2026 | 22.24% | 3.17M shares | |
| Strategic holders2 holders · as of Jan 20, 2023 | 27.87% | 3.97M shares | |
| Adds to | 118.39% |
14.26M company shares as of Sep 3, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 118.39%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Evidence |
|---|---|---|---|
Bandera Partners LLCInstitution | 27.62% | 3.94M | 13Fas of Jun 30, 2026 |
BlackRock, Inc.Strategic | 15.40% | 2.20M | 13D/Gfiled Jan 20, 2023 ↗ |
Charles E. Jobson1,2Insider10 percent owner | 12.58% | 1.79M | 13Gfiled May 15, 2026 ↗ |
Alger Associates, Inc.Strategic | 12.47% | 1.78M | 13Gfiled Jul 9, 2021 ↗ |
Skylands Capital, LLCInstitution | 6.28% | 895,572 | 13Fas of Jun 30, 2026 |
| See all 25 → | |||
- Charles E. Jobson's transaction reports restate only vehicles that traded; the 2026 ownership statement (1.79M) is used instead.
- Charles E. Jobson reports a block also reported by Alger Associates, Inc.; it is counted once, under Alger Associates, Inc.
13F — a manager's quarterly holdings · 13D/13G — an ownership statement filed at 5% or more
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 12, 2026 | Charles E. Jobson | 10 percent owner | +127,676 | $8.57 |
| May 13, 2026 | Charles E. Jobson | 10 percent owner | +20,375 | $8.57 |
| Apr 21, 2026 | Charles E. Jobson | 10 percent owner | +509 | $8.58 |
| Feb 12, 2026 | Charles E. Jobson | 10 percent owner | +15,397 | $8.50 |
| Feb 11, 2026 | Charles E. Jobson | 10 percent owner | +448 | $8.70 |
- U.S. Physical Therapy
Outpatient PT clinic network overlapping on back and joint care
- Concentra
Occupational health platform with onsite physical therapy overlap
- Xponential Fitness
Retail wellness franchisor with StretchLab flexibility services
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| The Joint | $8.27 | −1.08% | $117.5M | 31.1 | 23.0 | 2.0 | +14.4% |
| U.S. Physical Therapy | $78.70 | +0.50% | $1.19B | 460.2 | 25.2 | 1.5 | +30.4% |
| Concentra | $34.03 | +0.06% | $4.35B | 22.1 | 19.9 | 1.9 | +10.0% |
| Xponential Fitness | $5.15 | +1.78% | $189.2M | — | 10.3 | 0.7 | −13.4% |
| Median | 241.2 | 19.9 | 1.5 | +10.0% |