Private company

Ontrak, Inc.

American misc health and allied services company based in Santa Monica. Summary from the record

Last updated Oct 19, 2026.

Overview

  • IndustryServices-Misc Health & Allied Services, NEC2
  • HeadquartersDover, United States2
  • Incorporated inDE3
  • Business address333 S. E. 2Nd Avenue, Suite 2000, Miami, Fl 331313
  • Filer categoryNon-accelerated filer, Smaller reporting company3
  • Legal formCorporation2
  • LEI549300OQ36UO20X0DB402
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressc/o COGENCY GLOBAL INC., 850 NEW BURTON ROAD SUITE 201, 19904 Dover, United States2
  • Registered withDivision of Corporations, Department of State, 37092422

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Ontrak, Inc. (“Ontrak,” “Company,” “we,” “us” or “our”) was incorporated in the State of Delaware on September 29, 2003. Ontrak was founded with a passion for engaging with and transforming health outcomes for anyone impacted by behavioral health conditions through our Wholehealth+ and accompanying suite of solutions. We are a value-based behavioral healthcare company that identifies and engages people with unmet health needs using our proprietary Advanced Engagement System to improve clinical outcomes and reduce total cost of care. Through access to comprehensive claims data and other healthcare information, our technology-enabled platform utilizes analytics and predictive modeling to uniquely identify connections between behavioral health issues and physical chronic conditions, exposing gaps that traditional behavioral health providers often miss. Our program predicts people whose chro…4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2024

62.9%Gross margin5
-164.0%Operating margin5
-235.0%Net margin5
-14.9%Revenue growth, 20245
-258.2%Return on equity5
0.24×Debt to equity5
-$13.6MFree cash flow5

Where the money goes

Where each dollar of revenue went, fiscal 2024

  • Cost of revenue37¢$4.0M
  • Research and development43¢$4.6M
  • Other costs20¢$2.2M

Out of $10.8M in revenue.5 The company lost money this year.

Financial statements

Revenue6789105$10.8M in 2024−29% since 2018
0$25.0M$50.0M$75.0M$100.0M2018: $15.2M$15.2M20182019: $35.1M$35.1M2019+131%2020: $82.8M$82.8M2020+136%2021: $84.1M$84.1M2021+2%2022: $14.5M$14.5M2022−83%2023: $12.7M$12.7M2023−12%2024: $10.8M$10.8M2024−15%
Gross profit6789105$6.8M in 2024+68% since 2018
0$20.0M$40.0M$60.0M2018: $4.1M$4.1M20182019: $14.7M$14.7M2019+262%2020: $39.2M$39.2M2020+167%2021: $52.9M$52.9M2021+35%2022: $7.1M$7.1M2022−87%2023: $8.8M$8.8M2023+25%2024: $6.8M$6.8M2024−22%
Operating income6789105-$17.8M in 2024+31% since 2018
-$60.0M-$40.0M-$20.0M02018: -$13.6M-$13.6M20182019: -$20.0M-$20.0M2019+47%2020: -$14.9M-$14.9M2020−25%2021: -$28.0M-$28.0M2021+88%2022: -$44.1M-$44.1M2022+58%2023: -$21.1M-$21.1M2023−52%2024: -$17.8M-$17.8M2024−16%
Net income6789105-$25.5M in 2024+79% since 2018
-$60.0M-$40.0M-$20.0M02018: -$14.2M-$14.2M20182019: -$25.7M-$25.7M2019+81%2020: -$22.7M-$22.7M2020−11%2021: -$37.1M-$37.1M2021+64%2022: -$51.6M-$51.6M2022+39%2023: -$27.9M-$27.9M2023−46%2024: -$25.5M-$25.5M2024−9%
Fiscal year2018201920202021202220232024
Revenue$15.2M6$35.1M7$82.8M8$84.1M9$14.5M10$12.7M5$10.8M5
Cost of revenue$11.1M6$20.4M7$43.6M8$31.2M9$7.5M10$3.9M5$4.0M5
Gross profit$4.1M6$14.7M7$39.2M8$52.9M9$7.1M10$8.8M5$6.8M5
Research and development$5.4M7$12.9M8$18.3M9$11.0M10$6.6M5$4.6M5
Operating expenses$80.9M9$51.2M10$29.9M5$24.6M5
Operating income-$13.6M6-$20.0M7-$14.9M8-$28.0M9-$44.1M10-$21.1M5-$17.8M5
Interest$570.0K6$3.0M7$7.2M8$8.0M9$3.9M10$7.2M10
Income before tax-$37.0M9-$51.5M10-$28.0M5-$25.5M5
Income tax$1.0K14$07-$645.0K8$153.0K9$88.0K10-$80.0K5$05
Net income-$14.2M6-$25.7M7-$22.7M8-$37.1M9-$51.6M10-$27.9M5-$25.5M5
Earnings per share-$1.448-$2.479-$15.6110-$49.565-$17.025
Earnings per share (diluted)-$1.448-$2.479-$15.6110-$49.565-$17.025
Shares (weighted, basic)18.7M shares93.9M shares10744.0K shares54.6M shares5
Shares (weighted, diluted)18.7M shares93.9M shares10744.0K shares54.6M shares5

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Leadership

Who has led Ontrak, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Terren S. Peizer2008–2023
  2. Jonathan E. Mayhew2021–2022
  3. Brandon H. Laverne2023–now

Chair

  1. Terren S. Peizer2011–2023

Chief financial officer

  1. Chuck Timpe2007–2008
  2. Maurice Hebert2008–2009
  3. Susan Etzel2011
  4. Christopher Shirley2018–2019
  5. Brandon H. Laverne2020–2022

Chief operating officer

  1. Curtis Medeiros2020
  2. Brandon H. Laverne2022–2023
  3. Richard P. Newman2024–now
2010201520202025
Board members and other officers (30)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Chief Accounting OfficerJames J. Park named Nov 12, 202156
  • DirectorRichard A. Berman named Nov 12, 202156

Former names

  • HYTHIAM, INC.Nov 2, 2010 to Mar 7, 20113
  • CATASYS, INC.Sep 29, 2005 to Jul 6, 20203
  • HYTHIAM INCOct 7, 2003 to Oct 20, 20103
  • ALASKA FREIGHTWAYS INCApr 4, 2001 to Oct 3, 20033

Timeline

  1. May 15, 2023New chief executive Brandon H. Laverne becomes CEO15
  2. Apr 20, 2021New chief executive Jonathan E. Mayhew becomes CEO16
  3. Feb 8, 2008New chief executive Terren S. Peizer becomes CEO17
  4. Sep 29, 2003Founded Ontrak, Inc. is founded2

Filings

282 filings to the SEC since October 2021: 4 annual reports, 11 quarterly reports, 64 major events, 89 insider forms, 36 large holders, 1 private raises, 77 other. The latest 20:

  1. Nov 14, 2025SCHEDULE 13G/A EDGAR
  2. Nov 12, 2025SCHEDULE 13G/A EDGAR
  3. Sep 18, 202525-NSE EDGAR
  4. Aug 28, 20258-K EDGAR
  5. Aug 18, 2025NT 10-Q EDGAR
  6. Aug 14, 2025SCHEDULE 13G EDGAR
  7. Aug 13, 20258-K EDGAR
  8. Aug 8, 2025SCHEDULE 13G EDGAR
  9. Jul 31, 20258-K EDGAR
  10. Jul 7, 20258-K EDGAR
  11. Jul 7, 2025SCHEDULE 13G EDGAR
  12. Jul 3, 20258-K EDGAR
  13. Jun 30, 20258-K EDGAR
  14. Jun 30, 2025424B5 EDGAR
  15. Jun 30, 2025SCHEDULE 13D/A EDGAR
  16. Jun 26, 2025EFFECT EDGAR
  17. Jun 25, 2025CORRESP EDGAR
  18. Jun 24, 2025SCHEDULE 13D/A EDGAR
  19. Jun 24, 20254 OWNERSHIP DOCUMENT EDGAR
  20. Jun 23, 2025SCHEDULE 13D/A EDGAR

The 282 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

3 open-market trades by officers, directors and large owners since October 2021: 2 buys and 1 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Nov 20, 2024Sherman Michael EdwardDirectorSale173$1.77$306Form 4
May 24, 2022Hill ArikChief Information OfficerBuy25,358$1.44$36.5KForm 4
May 20, 2022Hill ArikChief Information OfficerBuy26,315$1.52$40.0KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Oct 28, 2020Raised $6.1 million in a private offering of equity Form D: $6.4 million offered in all Form D

Sources

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