Health Catalyst, Inc. (HCAT)

NASDAQ: HCAT · Real-Time Price · USD

1.725

-0.075 (-4.17%)

At close: Oct 16, 2026, 4:00 PM EDT

1.750

+0.025 (1.44%)

After-hours: Oct 16, 2026, 7:30 PM EDT

Health Catalyst Financials Overview

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	292.25	311.14	306.58	295.94	276.24	241.93
Revenue Growth	-7.54%	1.49%	3.60%	7.13%	14.18%	28.11%
Gross Profit	149.52	154.63	141.79	134.83	135.56	117.76
Operating Income	-23.52	-43.17	-57.1	-92.88	-126.33	-113.92
Net Income	-264.82	-177.97	-69.5	-118.15	-137.4	-153.21
Earnings Per Share	-3.68	-2.55	-1.15	-2.09	-2.63	-3.23
EPS Growth	-	-	-	-	-	-

Revenue by Segment

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Technology	202.18	208.28	194.85	187.58	176.29	147.72
Professional Services	90.06	102.86	111.73	108.36	99.95	94.21
Total	292.25	311.14	306.58	295.94	276.24	241.93

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	103.44	95.73	392	317.73	363.49	444.98
Total Debt	169.98	171.24	402.27	249.07	247.97	204.61
Net Cash (Debt)	-66.54	-75.51	-10.27	68.66	115.52	240.37
Net Cash Growth	-	-	-	-40.56%	-51.94%	218.01%
Net Cash Per Share	-0.92	-1.08	-0.17	1.22	2.14	5.06

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	28.23	0.73	14.56	-33.08	-35.27	-23.12
Capital Expenditures	-1.21	-0.97	-1.62	-1.24	-2.17	-10.45
Free Cash Flow	27.02	-0.24	12.94	-34.32	-37.44	-33.57
Free Cash Flow Growth	-	-	-	-	-	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Gross Margin	51.16%	49.70%	46.25%	45.56%	49.07%	48.68%
Operating Margin	-8.05%	-13.87%	-18.62%	-31.39%	-45.73%	-47.09%
Pretax Margin	-90.22%	-56.97%	-22.56%	-39.80%	-51.29%	-66.18%
Profit Margin	-90.61%	-57.20%	-22.67%	-39.92%	-49.74%	-63.33%
FCF Margin	9.25%	-0.08%	4.22%	-11.60%	-13.55%	-13.88%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '26 Oct 19, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Forward PE	-	6.66	21.56	137.19	-	-
P/FCF Ratio	4.80	-	34.98	-	-	-
PS Ratio	0.44	0.54	1.48	1.80	2.11	8.53