Inspire Veterinary Partners reports growth and strategic expansion

VIRGINIA BEACH - Inspire Veterinary Partners, Inc. (NASDAQ:IVP), a provider of pet health care services across the U.S., announced Thursday it has achieved several operational milestones in 2025, including positive client growth and expansion into new markets. According to InvestingPro data, the company currently operates with revenue of $15.29 million over the last twelve months, though facing challenges with a significant debt burden of $17.48 million.

The company reported its highest new client growth in over a year, with clinics across its portfolio showing positive growth compared to 2024. While the company’s gross profit margin stands at 18.65%, InvestingPro analysis indicates the company is quickly burning through cash, with negative free cash flow of $9.35 million in the last twelve months. Inspire has also completed the rollout of cloud-based Electronic Medical Record and Practice Management Software systems across all its locations.

According to the company’s statement, Inspire has hired nine new veterinarians since the beginning of 2025 and completed its fifth acquisition in Florida. The company has also signed a Letter of Intent for its first location in New Jersey, which would become its 15th facility nationwide.

"Inspire is back to growth and we are better positioned for success than ever before," said Kimball Carr, Chairman, CEO, and President of Inspire Veterinary Partners, in the press release.

The company stated it has implemented AI-based transcription for medical notes and deployed new infrastructure investments including talent management systems and enhanced purchase and inventory management systems. Despite these operational improvements, the company’s financial health score from InvestingPro remains at "FAIR," with particular concerns about its current ratio of 0.13, indicating potential liquidity challenges. Subscribers can access 11 additional ProTips about IVP’s financial position.

Inspire Veterinary Partners also mentioned a return to positive revenue comparisons as reported in its Q2 2025 results. The company indicated it anticipates closing its New Jersey acquisition by year-end, with additional acquisition agreements expected for late 2025 and early 2026.

The company also stated it is developing new business verticals to expand service offerings while working to enhance its compensation and benefits plan to include equity offerings for all employees.

Inspire Veterinary Partners currently operates as an owner and provider of veterinary hospitals across the United States, including general practice and emergency care facilities.

In other recent news, Inspire Veterinary Partners announced it believes it has regained compliance with the Nasdaq Capital Market’s minimum stockholders’ equity requirement. This development follows a previous notice from Nasdaq regarding the company’s equity status, which Inspire Veterinary Partners addressed with a compliance plan. Additionally, the company has signed a non-binding Letter of Intent to acquire a New Jersey-based animal hospital. This acquisition, expected to close in the fourth quarter of 2025, is projected to contribute approximately $2 million in annual revenue, expanding the company’s network to 15 animal hospitals across 11 states.

Furthermore, Inspire Veterinary Partners disclosed a new convertible preferred stock transaction valued at up to $10 million. The initial closing is expected to generate $6 million through a combination of cash and securities, with potential additional funding of $4 million at the investors’ discretion. These recent developments highlight the company’s ongoing efforts to expand its operations and strengthen its financial standing.

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