Logotype for Teladoc Health Inc

Teladoc Health (TDOC) investor relations material

Teladoc Health Q3 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Teladoc Health Inc
Q3 2025 earnings summary29 Oct, 2025

Executive summary

  • Q3 2025 revenue was $626.4 million, down 2% year-over-year, with a net loss of $49.5 million ($0.28 per share), including a $0.07 per share non-cash goodwill impairment charge.

  • Adjusted EBITDA for Q3 2025 was $69.9 million (11.2% margin), down 16% year-over-year but at the high end of guidance.

  • Integrated Care revenue grew 2% to $389.5 million, while BetterHelp revenue declined 8% to $236.9 million.

  • Strategic priorities include expanding integrated care, scaling mental health (BetterHelp), international growth, and leveraging recent acquisitions.

  • CFO Mala Murthy announced resignation effective November 21, 2025.

Financial highlights

  • Q3 2025 revenue decreased by $14.1 million year-over-year, mainly due to lower BetterHelp revenue, partially offset by Integrated Care growth.

  • Integrated Care membership reached 102.5 million, up 9% year-over-year; BetterHelp paying users declined 4% to 0.382 million.

  • Free cash flow for Q3 2025 was $68 million; cash and equivalents at quarter end were $726 million.

  • U.S. revenue was $510 million and international revenue $117 million in Q3 2025.

  • Cost of revenue increased 4% in Q3 2025, while advertising and marketing expenses declined 5% year-over-year.

Outlook and guidance

  • Full-year 2025 revenue expected at $2.510–$2.539 billion; adjusted EBITDA $270–$287 million; free cash flow $170–$185 million.

  • Q4 2025 revenue guidance is $622–$652 million, adjusted EBITDA $73–$90 million, and net loss per share ($0.25)–($0.10).

  • Integrated Care revenue guidance raised to 2.4%–3.5% growth; adjusted EBITDA margin expected at 15%–15.4%.

  • BetterHelp revenue expected to decline 8%–9.2% year-over-year; adjusted EBITDA margin guidance is 3.8%–4.6%.

  • U.S. Integrated Care Members expected at 101.5M to 102.5M, up 8% to 9% year-over-year.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next Teladoc Health earnings date

Logotype for Teladoc Health Inc
Q4 202525 Feb, 2026
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Teladoc Health earnings date

Logotype for Teladoc Health Inc
Q4 202525 Feb, 2026

The essential earnings season companion

The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Teladoc Health, Inc. provides virtual healthcare services in the United States and internationally. The company offers a portfolio of services and solutions covering non-urgent, episodic, chronic, and complicated medical conditions, including diabetes, hypertension, chronic kidney disease, cancer, congestive heart failure, and mental health conditions. It offers a range of programs and services, including primary and specialty care telehealth solutions, chronic condition management, expert medical services, mental health solutions, and platform and program services. The company serves employers, health plans, hospitals and health systems,, insurance and financial services companies as well as individual members.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage