Marpai adds 192,000 member lives, projects August 2026 profitability
Marpai Inc. (OTCQX: MRAI) announced it has secured commitments for 192,000 new member lives across its third-party administration and pharmacy benefit management platforms, scheduled to roll out between August 2026 and January 2027.
The Tampa-based healthcare technology company said the addition represents a nearly six-fold increase in its current member base. The expansion includes 35,000 lives from two major TPA clients set to begin August 1, 2026, and 50,000 PBM lives launching between September 2026 and January 2027.
Management projects the company will achieve positive cash flow and positive EBITDA starting in August 2026, driven partly by this member growth.
"Securing 192,000 estimated new member lives validates the power of our integrated TPA and MarpaiRx PBM models," said Chief Executive Officer Damien Lamendola. "Scaling our business by nearly six times not only proves our operational capability but fundamentally shifts our financial profile, putting us on a clear, immediate path to positive cash flow and EBITDA in August 2026."
The TPA growth includes a 2,500-member municipal group starting July 1, with additional opportunities in Wisconsin, New Jersey, and Texas. The PBM expansion is expected to scale MarpaiRx's rebate aggregation services.
Marpai operates subsidiaries providing TPA, PBM and health plan services to employers that directly pay for employee health benefits. The company offers access to provider networks including Aetna and Cigna.
The projections and member additions are based on company estimates and commitments, according to the press release statement.
