The Joint Corp. is classed by the SEC under Patent Owners & Lessors (industry code 6794), based in Scottsdale, AZ. Its latest filed balance sheet (2025-12-31) shows total assets of $58 million (its filed statements).
Licensing businessPatent Owners & LessorsScottsdale, AZfilings since 20149 of 9 filed
Three tenses, nine metrics. Unseen metrics stay unseen; the grade never fakes a number. Proxy era: provisional values, marked. Weighed as a licensing business: prior from its industry code (SEC 6794, Patent Owners & Lessors); the filing read can change it. All three tenses have at least two readings, so the archetype blend applies as printed.
The grade, in three tenses
Headline 4.9 out of ten, 9 of 9 metrics filed: past 5.2 out of ten, present 4.2 out of ten, future 5.5 out of ten. The past asks what it actually did, the present what it is doing right now, the future what it is set up to do next.
The nine metrics
Surviving crises (past): 1.4 out of ten. 11 warning events since 2017; the latest 2025-08-12. 14th percentile among 11 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Track record (past): 6.6 out of ten. +10.4% a year over 9 filed years; profitable in 5 of 8. 66th percentile among 10 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Shareholder treatment (past): 5.9 out of ten. Share count grew 0.7% a year. 44% of cash flow returned. Insiders: 0 sales, 0 purchases. 59th percentile among 6 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Financial health (present): 6.3 out of ten. ROE 19%: 19¢ of profit per shareholder dollar. Leverage 75%: owes 75¢ per asset dollar. 62nd percentile among 11 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Industry position (present): 5.3 out of ten. top 47% of 11 in its family; net margin 5.3%. 53rd percentile among 11 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Leadership (present): 1.3 out of ten. bottom 13% of 9 in its family for leadership; chief executive since 2024. 13th percentile among 9 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-09).
Room to expand (future): 6.7 out of ten. top 33% of 11 in its family for room to expand. 67th percentile among 11 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Growth drivers (future): 3.0 out of ten. bottom 30% of 10 in its family for growth drivers. 30th percentile among 10 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Expectations vs reality (future): 5.6 out of ten. top 44% of 9 in its family for expectations against reality. 56th percentile among 9 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
The filing record
Newest annual report: Form 10-K filed 2026-03-13 for the period ended 2025-12-31 (on EDGAR). Newest quarterly report: Form 10-Q filed 2026-08-07 for the period ended 2026-06-30 (on EDGAR). Newest results release: Form 8-K filed 2026-08-06 (on EDGAR). Newest filing: Form 8-K, 2026-10-01. Filings on record since 2014. Read from EDGAR 2026-10-12.
Where the revenue comes from
Product and service lines in fiscal 2025: Royalty 61%, Advertising 19%, Technology Service 11%, Franchise 6%, Product and Service Other 3%. As tagged in its annual report (Form 10-K, filed 2026-03-13).
Who runs it
Razdan, Sanjiv Kumar (The reporting person is President, Chief Executive Officer, and Director.); Bowman, Scott Justin (Chief Financial Officer); Pant, Milind (director); Davella, Ronald V (director); Grandpre, Christopher M (director); Karrmann, Sandra R (director); Rubel, Matthew E (director). 7 officers and directors have filed their own trades in the last fifteen months, names and titles as filed with the SEC, through 2026-09-30.
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