Sami Inkinen, co-founder and CEO of Virta Health, recently underscored the paramount importance of robust financial performance as the ultimate form of investor relations. In a statement shared by Raymond Tonsing on social media, Inkinen asserted, > "The very best investor relations is fantastic financials. If you have those as a company, that's the best marketing before IPO, and for the IPO and beyond. Build a great business, and the rest will take care of itself." This philosophy aligns with Virta Health's significant growth and ongoing market speculation regarding a potential public offering.
Virta Health, founded in 2014, has established itself as a leader in digital health, focusing on reversing type 2 diabetes and enabling sustainable weight loss through a nutrition-first approach. The company provides personalized dietary guidance, medical supervision, and health coaching, often serving as an alternative or complement to high-cost GLP-1 medications. Virta Health was valued at $2 billion following its last funding round in 2021.
The company's commitment to strong fundamentals is reflected in its recent financial performance. Virta Health reported a record 60% revenue growth in 2024, surpassing $100 million, and is projected to achieve profitability in the latter half of the current year. This growth is largely driven by increasing demand from employers and health plans seeking cost-effective solutions for diabetes and weight management amidst rising pharmaceutical expenses.
The impressive financial trajectory has fueled speculation about Virta Health potentially going public in 2025, should market conditions prove favorable. Inkinen, a seasoned entrepreneur, previously co-founded Trulia, an online real estate marketplace that successfully went public in 2012 before its acquisition by Zillow Group. His past success and current company's performance lend weight to his advocacy for building a fundamentally strong business.
Inkinen's statement reinforces the idea that tangible business success and financial health are the most compelling narratives for investors. As Virta Health continues to expand its reach, working with over 500 organizations and covering millions of Americans, its operational strength and financial results serve as key indicators of its market position and future potential.