Earth Science Tech, Inc. (OTC: ETST) reported financial results for the fiscal year ended March 31, 2026, showcasing revenue growth and higher earnings as the company expands its integrated healthcare platform. The company reported revenue of $35.7 million, an 8% increase from the prior year, gross profit of $25.5 million, up 5%, and net income of $3.6 million, an 11% increase compared with fiscal 2025. Total assets rose 27% year over year to $9.0 million, reflecting continued investment in telemedicine, pharmacy and fulfillment services.
The results underscore the company's strategy of building a vertically integrated healthcare platform that combines compounding pharmacy operations, telemedicine platforms, clinical support, and direct-to-patient fulfillment. The company's capital allocation strategy also received emphasis, with management noting it repurchased and retired more than 4 million shares during fiscal 2026 and more than 7.1 million shares through fiscal 2026 and subsequent periods. The company highlighted that it generated positive operating cash flow, strengthened its balance sheet without adding debt, and remains focused on growth initiatives, product expansion and continued share repurchases as it enters fiscal 2027.
Earth Science Tech operates as a diversified holding company focused on the health and wellness sector. The core of the company's value proposition is the seamless integration of patient care, from consultation to fulfillment, achieved through the synergy of specialized subsidiaries. The company's healthcare operations are supported by investments in real estate and asset management activities and a consumer products business.
The financial performance and strategic moves are significant for the industry as they demonstrate a model for integrating telemedicine with pharmacy services, potentially setting a precedent for other healthcare companies. For investors, the combination of revenue growth, higher earnings, and share repurchases signals confidence in the company's direction and could lead to increased shareholder value. The company's ability to grow assets without adding debt also suggests financial discipline, which is important in the capital-intensive healthcare sector.
For more details, the full press release is available at https://ibn.fm/NpjTw. Additional news and updates relating to ETST can be found in the company's newsroom at https://ibn.fm/ETST.
