NASDAQ : DH
Definitive Healthcare Corp. — Financial statements
Healthcare · Health Information Services · United States
Last price 1.11 USD (Oct 30, 2026, 2:05 PM EDT) · Market cap 160.77M
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Financial statements
Definitive Healthcare Corp. (DH) reported revenue of 232.70M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 232.70M | 241.52M | 252.20M | 251.41M | 222.65M | 166.15M |
| Cost of Revenue | 37.79M | 37.95M | 40.68M | 34.74M | 25.87M | 19.42M |
| Gross Profit | 194.92M | 203.57M | 211.52M | 216.68M | 196.79M | 146.73M |
| Selling, General & Admin | 128.83M | 133.26M | 133.07M | 153.40M | 141.15M | 89.25M |
| Research & Development | 30.76M | 34.78M | 36.52M | 42.44M | 34.89M | 18.57M |
| Amortization of Goodwill & Intangibles | 19.82M | 20.29M | 14.05M | 12.74M | 16.76M | 21.27M |
| Operating Expenses | 214.57M | 224.15M | 221.26M | 247.59M | 232.94M | 167.76M |
| Operating Income | -19.65M | -20.58M | -9.74M | -30.91M | -36.15M | -21.03M |
| Interest Expense | -11.12M | -11.29M | -14.84M | -15.20M | -11.20M | -25.90M |
| Interest & Investment Income | 5.70M | 6.95M | 14.59M | 13.64M | 2.79M | 29.00K |
| Currency Exchange Gain (Loss) | 200.00K | -1.90M | 400.00K | -300.00K | ||
| Other Non Operating Income (Expenses) | 10.52M | 21.76M | 76.92M | 23.48M | 10.58M | 294.00K |
| EBT Excluding Unusual Items | -14.35M | -5.06M | 67.33M | -9.29M | -33.99M | -46.61M |
| Merger & Restructuring Charges | -10.23M | -11.59M | -14.01M | -11.19M | -6.64M | -2.52M |
| Impairment of Goodwill | -216.75M | -196.06M | -688.85M | -287.40M | ||
| Other Unusual Items | 3.28M | 3.46M | 1.78M | -302.00K | -1.25M | -13.64M |
| Pretax Income | -238.05M | -209.26M | -633.75M | -308.18M | -41.88M | -62.77M |
| Income Tax Expense | -3.31M | -9.96M | -42.30M | -18.55M | -17.70M | -443.00K |
| Earnings From Continuing Operations | -234.75M | -199.30M | -591.45M | -289.63M | -24.18M | -62.32M |
| Minority Interest in Earnings | 66.55M | 60.37M | 178.32M | 87.24M | 16.96M | 10.42M |
| Net Income | -168.20M | -138.93M | -413.12M | -202.39M | -7.22M | -51.91M |
| Preferred Dividends & Other Adjustments | -34.07M | |||||
| Net Income to Common | -168.20M | -138.93M | -413.12M | -202.39M | -7.22M | -17.84M |
| Shares Outstanding (Basic) | 104.38M | 106.65M | 116.64M | 112.76M | 101.11M | 91.92M |
| Shares Outstanding (Diluted) | 104.38M | 106.65M | 116.64M | 112.76M | 101.11M | 91.92M |
| EPS (Basic) | -1.61 | -1.30 | -3.54 | -1.79 | -0.07 | -0.19 |
| EPS (Diluted) | -1.61 | -1.30 | -3.54 | -1.79 | -0.07 | -0.19 |
| Free Cash Flow | 28.56M | 37.06M | 45.85M | 38.21M | 27.25M | 18.48M |
| Free Cash Flow Per Share | 0.27 | 0.35 | 0.39 | 0.34 | 0.27 | 0.20 |
| Gross Margin | 83.76% | 84.28% | 83.87% | 86.18% | 88.38% | 88.31% |
| Operating Margin | -8.45% | -8.52% | -3.86% | -12.29% | -16.24% | -12.66% |
| Profit Margin | -72.28% | -57.52% | -163.81% | -80.50% | -3.24% | -10.74% |
| Free Cash Flow Margin | 12.27% | 15.34% | 18.18% | 15.20% | 12.24% | 11.12% |
| EBITDA | 35.33M | 35.53M | 41.93M | 20.84M | 20.75M | 38.92M |
| EBITDA Margin | 15.18% | 14.71% | 16.62% | 8.29% | 9.32% | 23.42% |
| D&A For EBITDA | 54.98M | 56.11M | 51.67M | 51.75M | 56.90M | 59.95M |
| EBIT | -19.65M | -20.58M | -9.74M | -30.91M | -36.15M | -21.03M |
| EBIT Margin | -8.45% | -8.52% | -3.86% | -12.29% | -16.24% | -12.66% |
| Advertising Expenses | 2.10M | 1.90M | 1.60M | 1.60M | 900.00K |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 170.87M | 163.63M | 105.38M | 130.98M | 146.93M | 387.50M |
| Short-Term Investments | 12.84M | 17.38M | 184.91M | 177.09M | 184.94M | |
| Trading Asset Securities | 101.00K | 3.00K | 717.00K | 3.43M | 3.72M | |
| Cash & Short-Term Investments | 183.81M | 181.01M | 291.00M | 311.49M | 335.59M | 387.50M |
| Accounts Receivable | 30.97M | 51.98M | 53.23M | 59.25M | 58.80M | 43.34M |
| Other Receivables | 255.00K | 420.00K | 741.00K | |||
| Receivables | 31.23M | 52.40M | 53.97M | 59.25M | 58.80M | 43.34M |
| Prepaid Expenses | 12.88M | 11.43M | 11.46M | 9.69M | 8.97M | 6.52M |
| Other Current Assets | 12.19M | 12.77M | 13.74M | 13.49M | 10.39M | 6.88M |
| Total Current Assets | 240.10M | 257.61M | 370.17M | 393.93M | 413.75M | 444.23M |
| Property, Plant & Equipment | 18.97M | 18.07M | 11.31M | 14.06M | 14.14M | 5.07M |
| Long-Term Investments | 586.00K | 329.00K | 509.00K | 2.83M | 32.67M | |
| Goodwill | 197.22M | 393.28M | 1.08B | 1.32B | 1.26B | |
| Other Intangible Assets | 222.72M | 247.48M | 297.93M | 323.12M | 350.72M | 352.47M |
| Long-Term Deferred Tax Assets | 1.14M | 564.00K | 98.00K | 158.00K | ||
| Long-Term Deferred Charges | 12.16M | 13.34M | 14.69M | 17.72M | 15.20M | 12.37M |
| Other Long-Term Assets | 2.29M | 307.00K | 1.44M | 1.48M | 1.15M | 7.57M |
| Total Assets | 496.83M | 735.49M | 1.09B | 1.83B | 2.12B | 2.12B |
| Accounts Payable | 4.53M | 3.60M | 10.76M | 5.79M | 3.95M | 4.65M |
| Accrued Expenses | 8.51M | 14.13M | 15.47M | 22.33M | 23.70M | 17.51M |
| Current Portion of Long-Term Debt | 8.75M | 8.75M | 13.75M | 13.75M | 8.59M | 6.88M |
| Current Portion of Leases | 2.65M | 2.68M | 2.41M | 2.24M | 1.52M | |
| Current Unearned Revenue | 89.34M | 96.99M | 93.34M | 97.38M | 99.69M | 83.61M |
| Other Current Liabilities | 15.28M | 30.64M | 25.43M | 29.20M | 3.16M | 10.47M |
| Total Current Liabilities | 129.06M | 156.79M | 161.16M | 170.68M | 140.61M | 123.12M |
| Long-Term Debt | 151.88M | 156.09M | 229.37M | 242.57M | 255.76M | 263.81M |
| Long-Term Leases | 3.77M | 5.15M | 7.59M | 9.37M | 9.97M | |
| Long-Term Unearned Revenue | 2.38M | 32.00K | 9.00K | 236.00K | 412.00K | |
| Long-Term Deferred Tax Liabilities | 11.07M | 14.63M | 25.09M | 67.16M | 75.74M | 76.40M |
| Other Long-Term Liabilities | 13.18M | 21.46M | 58.96M | 136.93M | 158.36M | 154.04M |
| Total Liabilities | 308.97M | 356.50M | 482.19M | 626.73M | 640.68M | 617.78M |
| Common Stock | 106.00K | 104.00K | 114.00K | 117.00K | 105.00K | 97.00K |
| Additional Paid-In Capital | 1.07B | 1.06B | 1.09B | 1.09B | 970.21M | 888.99M |
| Retained Earnings | -923.55M | -779.51M | -640.57M | -227.45M | -25.06M | -17.84M |
| Comprehensive Income & Other | -1.61M | -1.45M | -610.00K | 2.11M | 3.67M | 62.00K |
| Total Common Equity | 144.65M | 281.11M | 444.38M | 861.36M | 948.92M | 871.31M |
| Minority Interest | 43.21M | 97.88M | 162.82M | 337.82M | 533.03M | 628.52M |
| Shareholders' Equity | 187.87M | 378.99M | 607.19M | 1.20B | 1.48B | 1.50B |
| Total Liabilities & Equity | 496.83M | 735.49M | 1.09B | 1.83B | 2.12B | 2.12B |
| Total Debt | 167.06M | 172.67M | 253.11M | 267.93M | 275.85M | 270.68M |
| Net Cash (Debt) | 16.75M | 8.34M | 37.89M | 43.57M | 59.74M | 116.81M |
| Net Cash Per Share | 0.16 | 0.08 | 0.32 | 0.39 | 0.59 | 1.27 |
| Filing Date Shares Outstanding | 106.74M | 104.47M | 112.91M | 117.72M | 107.60M | 97.03M |
| Total Common Shares Outstanding | 106.41M | 104.02M | 113.95M | 116.56M | 105.14M | 97.03M |
| Working Capital | 111.03M | 100.82M | 209.01M | 223.25M | 273.13M | 321.11M |
| Book Value Per Share | 1.36 | 2.70 | 3.90 | 7.39 | 9.03 | 8.98 |
| Tangible Book Value | -78.07M | -163.58M | -246.84M | -536.84M | -726.54M | -744.23M |
| Tangible Book Value Per Share | -0.73 | -1.57 | -2.17 | -4.61 | -6.91 | -7.67 |
| Machinery | 11.13M | 11.24M | 7.09M | 8.09M | 7.13M | 6.32M |
| Leasehold Improvements | 1.84M | 1.85M | 1.82M | 2.34M | 2.13M | 3.35M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -168.20M | -138.93M | -413.12M | -202.39M | -7.22M | -62.32M |
| Depreciation & Amortization | 54.98M | 56.11M | 51.67M | 51.75M | 56.90M | 59.95M |
| Other Amortization | 15.98M | 16.39M | 16.14M | 13.66M | 9.52M | 6.49M |
| Asset Writedown & Restructuring Costs | 217.34M | 196.66M | 690.09M | 287.56M | 1.02M | |
| Stock-Based Compensation | 25.32M | 29.14M | 38.09M | 48.74M | 36.43M | 9.96M |
| Provision & Write-off of Bad Debts | -103.00K | -232.00K | 947.00K | 1.37M | 1.32M | 632.00K |
| Other Operating Activities | -84.16M | -95.94M | -299.68M | -129.12M | -43.23M | 13.02M |
| Change in Accounts Receivable | 6.73M | 1.38M | 5.69M | 811.00K | -13.22M | -10.73M |
| Change in Accounts Payable | -2.48M | -1.09M | -5.46M | 1.33M | 3.14M | 3.42M |
| Change in Unearned Revenue | -12.14M | 5.89M | -4.98M | -6.58M | 12.69M | 22.96M |
| Change in Other Net Operating Assets | -11.85M | -15.60M | -21.19M | -25.95M | -21.78M | -18.17M |
| Operating Cash Flow | 41.43M | 53.78M | 58.20M | 41.19M | 35.58M | 25.21M |
| Capital Expenditures | -12.87M | -16.72M | -12.34M | -2.98M | -8.33M | -6.73M |
| Cash Acquisitions | -13.53M | -45.02M | -56.30M | -40.00M | ||
| Investment in Securities | 92.04M | 170.59M | -535.00K | 16.22M | -184.28M | |
| Investing Cash Flow | 79.17M | 153.88M | -26.41M | -31.78M | -248.90M | -46.73M |
| Long-Term Debt Issued | 175.00M | 275.00M | ||||
| Total Debt Issued | 175.00M | 275.00M | ||||
| Long-Term Debt Repaid | -252.81M | -13.75M | -8.59M | -6.88M | -474.46M | |
| Total Debt Repaid | -8.75M | -252.81M | -13.75M | -8.59M | -6.88M | -474.46M |
| Net Debt Issued (Repaid) | -8.75M | -77.81M | -13.75M | -8.59M | -6.88M | -199.46M |
| Issuance of Common Stock | 840.45M | |||||
| Repurchase of Common Stock | -13.13M | -54.40M | -29.91M | -4.43M | -4.12M | -231.77M |
| Common Dividends Paid | -7.14M | |||||
| Other Financing Activities | -8.40M | -18.57M | -13.09M | -12.56M | -15.71M | -17.71M |
| Financing Cash Flow | -30.28M | -150.79M | -56.75M | -25.58M | -26.70M | 384.37M |
| Foreign Exchange Rate Adjustments | -439.00K | 1.39M | -636.00K | 218.00K | -544.00K | -129.00K |
| Net Cash Flow | 89.88M | 58.25M | -25.60M | -15.96M | -240.56M | 362.72M |
| Free Cash Flow | 28.56M | 37.06M | 45.85M | 38.21M | 27.25M | 18.48M |
| Free Cash Flow Margin | 12.27% | 15.34% | 18.18% | 15.20% | 12.24% | 11.12% |
| Free Cash Flow Per Share | 0.27 | 0.35 | 0.39 | 0.34 | 0.27 | 0.20 |
| Levered Free Cash Flow | 50.35M | 67.93M | 71.77M | 102.28M | 57.76M | 54.87M |
| Unlevered Free Cash Flow | 56.69M | 74.46M | 80.34M | 111.08M | 64.06M | 69.36M |
| Cash Interest Paid | 10.52M | 10.80M | 14.20M | 14.46M | 10.44M | 29.57M |
| Cash Income Tax Paid | 1.00M | 833.00K | 136.00K | 13.00K | ||
| Change in Working Capital | -19.74M | -9.42M | -25.93M | -30.39M | -19.17M | -2.51M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 162.22M | 296.48M | 474.80M | 1.16B | 1.15B | 2.71B |
| Enterprise Value | 145.47M | 390.77M | 614.22M | 1.46B | 1.63B | 3.39B |
| Last Close Price | 1.12 | 2.87 | 4.11 | 9.94 | 10.99 | 27.33 |
| Forward PE | 6.41 | 11.10 | 13.98 | 32.58 | 52.48 | 117.65 |
| PS Ratio | 0.70 | 1.23 | 1.88 | 4.60 | 5.19 | 16.33 |
| PB Ratio | 0.82 | 0.78 | 0.78 | 0.96 | 0.78 | 1.81 |
| P/FCF Ratio | 5.68 | 8.00 | 10.36 | 30.26 | 42.37 | 146.79 |
| P/OCF Ratio | 3.92 | 5.51 | 8.16 | 28.07 | 32.46 | 107.60 |
| PEG Ratio | 4.59 | 4.33 | 2.00 | 1.52 | ||
| EV/Sales Ratio | 0.63 | 1.62 | 2.44 | 5.79 | 7.30 | 20.38 |
| EV/EBITDA Ratio | 4.12 | 11.00 | 14.65 | 69.91 | 78.31 | 86.99 |
| EV/FCF Ratio | 5.09 | 10.54 | 13.40 | 38.12 | 59.63 | 183.19 |
| Debt / Equity Ratio | 0.89 | 0.46 | 0.42 | 0.22 | 0.19 | 0.18 |
| Debt / EBITDA Ratio | 4.46 | 4.59 | 5.76 | 11.73 | 11.92 | 6.96 |
| Debt / FCF Ratio | 5.85 | 4.66 | 5.52 | 7.01 | 10.12 | 14.65 |
| Net Debt / Equity Ratio | -0.09 | -0.02 | -0.06 | -0.04 | -0.04 | -0.08 |
| Net Debt / EBITDA Ratio | -0.47 | -0.23 | -0.90 | -2.09 | -2.88 | -3.00 |
| Net Debt / FCF Ratio | -0.59 | -0.23 | -0.83 | -1.14 | -2.19 | -6.32 |
| Asset Turnover | 0.37 | 0.27 | 0.17 | 0.13 | 0.10 | 0.09 |
| Quick Ratio | 1.67 | 1.49 | 2.14 | 2.17 | 2.81 | 3.50 |
| Current Ratio | 1.86 | 1.64 | 2.30 | 2.31 | 2.94 | 3.61 |
| Return on Equity (ROE) | -78.37% | -40.42% | -65.48% | -21.61% | -1.62% | -4.62% |
| Return on Assets (ROA) | -1.94% | -1.41% | -0.42% | -0.98% | -1.07% | -0.68% |
| Return on Capital Employed (ROCE) | -5.30% | -3.60% | -1.00% | -1.90% | -1.80% | -1.10% |
| Earnings Yield | -143.87% | -46.86% | -87.01% | -17.50% | -0.62% | -1.91% |
| FCF Yield | 17.61% | 12.50% | 9.66% | 3.31% | 2.36% | 0.68% |
| Buyback Yield / Dilution | 7.41% | 8.56% | -3.44% | -11.52% | -10.01% | 28.01% |