Park Dental Partners reported first-quarter 2026 revenue of $62.7 million, a 6.2% increase compared to the same period last year, driven by strong patient demand, increased clinical hours, reimbursement growth, and recent acquisitions. Same-practice revenue growth reached 4.1%, while patient visits climbed to more than 178,000 across the company’s affiliated practices.
The company currently supports 86 affiliated practices and 221 doctors, representing nearly 9% year-over-year growth in affiliated providers. During the quarter, Park Dental completed one general practice acquisition in Tucson, Arizona, further supporting its expansion strategy.
Despite higher revenue, the company posted a net loss of $0.4 million, compared to net income of $1.6 million during the first quarter of 2025. Executives attributed the decline primarily to increased salaries, benefits, share-based compensation expenses, and additional public company costs following its 2025 IPO.
Adjusted EBITDA totaled $4.7 million, down from $5.5 million a year earlier, while adjusted diluted earnings per share fell to $0.44 from $1.14. Gross margin also declined year over year as operating expenses increased alongside investments in staffing, recruiting, and clinical capacity.
CEO Pete Swenson said the company’s results aligned with expectations and emphasized continued investment in long-term growth initiatives, including practice expansion, acquisitions, and de novo development opportunities.
Park Dental ended the quarter with $24.4 million in cash and cash equivalents and approximately $11.5 million in debt. The company also maintained its full-year 2026 guidance, projecting revenue between $254 million and $258 million with expected same-practice revenue growth of 3.5% to 5%.
