---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-061255"
form_type: "8-K"
ticker: null
cik: "0001735948"
company_name: "Greenbrook TMS Inc."
filed_at: "2024-05-15T23:59:59+00:00"
generated_at: "2026-06-01T23:23:01.089895+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Greenbrook TMS Q1 revenue down 7% to $18.0M; net loss widens 36% to $14.5M

## Summary
- Revenue $18.0M (-7% YoY); regional operating loss $2.5M (+401%).
- Net loss $14.5M (+36% YoY); diluted EPS -$0.32 vs -$0.34.
- 130 active treatment centers (down from 162 YoY) due to restructuring plan.
- Spravato rollout at 84 centers; medication management at 9; talk therapy in FL and MO.
- Change Healthcare ransomware impacted billing/collections in Q1.

## SEC filing metadata
- accession: 0001104659-24-061255
- form_type: 8-K
- cik: 0001735948
- company_name: Greenbrook TMS Inc.
- filed_at: 2024-05-15T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1735948/000110465924061255/0001104659-24-061255-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1735948/000110465924061255/tm2414236d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-061255
- JSON: https://secwatch.observer/filing/0001104659-24-061255.json
- Plain text: https://secwatch.observer/filing/0001104659-24-061255.txt

## Key facts
- Earnings Releases
  Greenbrook TMS Inc. reported first quarter 2024 results: revenue $18.0 million, net income $14.5 million, EPS $(0.32) per share.
  - Period: first quarter 2024
  - Revenue: $18.0 million
  - Net income: $14.5 million
  - EPS: $(0.32) per share
  - Result: reported results
  source text: the ransomware cyberattack on Change Healthcare Solutions LLC (“ Change Healthcare ”) that affected the broader healthcare industry, quarterly revenue decreased by only 7% to $18.0 million, down $1.3 million as compared to the first quarter of 2023 (“ Q1 2023 ”). · Regional operating loss increased by 401% in Q1 2024 to $2.5 million, up $2.0 million as compared to
  evidence_url: https://www.sec.gov/Archives/edgar/data/1735948/000110465924061255/0001104659-24-061255-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.