Dentalcorp Holdings Ltd., Canada’s largest dental network, has reported record-breaking results for Q1 2025, with revenues reaching $409.4 million—up 10% from Q1 2024. Adjusted EBITDA rose 11% to $75.9 million, and the company achieved its fourth consecutive quarter of margin expansion, reaching 18.5%.
Adjusted free cash flow hit an all-time high of $44.3 million, representing a 26% year-over-year increase. Dentalcorp also reported continued deleveraging, with its Net Debt to Pro Forma Adjusted EBITDA after rent ratio improving to 3.77x.
The company added 12 new practices in the quarter and has already secured 70% of its annual acquisition target. Dentalcorp reaffirmed its full-year 2025 guidance, anticipating strong same-practice revenue growth, ongoing EBITDA margin gains, and over $25 million in acquisition-driven EBITDA.
Regarding the Canadian Dental Care Plan, the company has treated over 95,000 patients to date, with 95% of its practices participating. It expects further demand as the 18–64 age group becomes eligible starting June 1, 2025.
