Executive Chairman Mahmud Haq at CareCloud, Inc. (CCLD), a healthcare information technology (IT) company, is paying his son a consulting fee with money, in part, collected from his wife.

Haq’s wife is a doctor and customer of CareCloud, and generated 0.10% and 0.12% of CareCloud’s revenue in 2025 and 2024, respectively.

The company also controls a telehealth company formed by Haq’s wife.

Now Haq is bringing his son into the business.

In the latest annual report, CareCloud revealed it is now paying Haq’s son a monthly consulting fee of $15,000 for artificial intelligence technology plus travel expenses.

The company also leases its corporate offices in New Jersey, its temporary housing for its foreign visitors, a storage facility, its operations center in Bagh, Pakistan and an apartment for temporary housing in Dubai, the UAE, from Haq.

The leases got Haq $1.6 million in 2025.

Separately, the company’s Chief Executive Officer Stephen Snyder’s son also works for the company which also contracts with a Board Director who provides Investor Relations services to CareCloud.

With an Enterprise Value (EV) of approximately $140 million, CareCloud is priced as if it will grow annual sales to more than $408.7 million, up from an estimated $131.7 million in 2026. To justify its current share price of $3.14 our Reverse DCF— which quantifies investor expectations embedded in the current share price— indicates CareCloud must:

—Grow sales 13% annually for the next decade, faster than the consensus 2026 estimate of 9.3% and 2025 sales growth of 8.7%
—Increase NOPAT margin to 9.5%, versus our 2025 estimate of 4%
—Increase Invested Capital (IC) Turns to 1.8, up from our three-year estimates of 1.45

Notably, the current share price also implies CareCloud increases Return on Invested Capital (ROIC) to 17.1% from our 2025 estimate of 6.64%: