NASDAQ : HCAT
Health Catalyst, Inc. — Financial statements
Healthcare · Health Information Services · United States
Last price 1.69 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 127.18M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Health Catalyst, Inc. (HCAT) reported revenue of 292.25M 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 | 292.25M | 311.14M | 306.58M | 295.94M | 276.24M | 241.93M |
| Cost of Revenue | 142.72M | 156.50M | 164.79M | 161.11M | 140.68M | 124.17M |
| Gross Profit | 149.52M | 154.63M | 141.79M | 134.82M | 135.56M | 117.76M |
| Selling, General & Admin | 84.47M | 101.21M | 100.65M | 116.98M | 144.37M | 132.32M |
| Research & Development | 39.98M | 46.09M | 56.80M | 68.50M | 69.22M | 61.83M |
| Operating Expenses | 173.04M | 197.80M | 198.89M | 227.71M | 261.89M | 231.68M |
| Operating Income | -23.52M | -43.17M | -57.10M | -92.88M | -126.33M | -113.92M |
| Interest Expense | -20.54M | -24.25M | -17.09M | -7.17M | -1.68M | |
| Interest & Investment Income | 3.77M | 7.54M | 17.98M | |||
| Other Non Operating Income (Expenses) | -351.00K | 315.00K | -259.00K | 16.27M | -16.46M | |
| EBT Excluding Unusual Items | -40.64M | -59.57M | -56.46M | -83.78M | -128.01M | -130.38M |
| Merger & Restructuring Charges | -14.27M | -7.63M | -12.15M | -8.65M | -13.32M | -7.89M |
| Impairment of Goodwill | -199.16M | -105.39M | ||||
| Asset Writedown | -11.74M | -11.74M | -2.20M | -4.08M | -5.02M | -1.80M |
| Legal Settlements | -21.28M | |||||
| Other Unusual Items | 2.15M | 7.06M | 1.64M | 4.67M | -20.04M | |
| Pretax Income | -263.67M | -177.26M | -69.17M | -117.79M | -141.68M | -160.11M |
| Income Tax Expense | 1.15M | 716.00K | 333.00K | 356.00K | -4.28M | -6.90M |
| Earnings From Continuing Operations | -177.97M | -69.50M | -118.15M | -137.40M | -153.21M | |
| Net Income | -264.82M | -177.97M | -69.50M | -118.15M | -137.40M | -153.21M |
| Net Income to Common | -264.82M | -177.97M | -69.50M | -118.15M | -137.40M | -153.21M |
| Shares Outstanding (Basic) | 71.99M | 69.90M | 60.18M | 56.42M | 53.72M | 47.49M |
| Shares Outstanding (Diluted) | 71.99M | 69.90M | 60.18M | 56.42M | 54.08M | 47.49M |
| EPS (Basic) | -3.68 | -2.55 | -1.15 | -2.09 | -2.56 | -3.23 |
| EPS (Diluted) | -3.68 | -2.55 | -1.15 | -2.09 | -2.63 | -3.23 |
| Free Cash Flow | 27.02M | -237.00K | 12.94M | -34.32M | -37.44M | -33.57M |
| Free Cash Flow Per Share | 0.38 | -0.00 | 0.21 | -0.61 | -0.69 | -0.71 |
| 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% |
| Profit Margin | -90.61% | -57.20% | -22.67% | -39.92% | -49.74% | -63.33% |
| Free Cash Flow Margin | 9.25% | -0.08% | 4.22% | -11.60% | -13.55% | -13.88% |
| EBITDA | 11.77M | -5.17M | -25.36M | -59.16M | -84.83M | -78.79M |
| EBITDA Margin | 4.03% | -1.66% | -8.27% | -19.99% | -30.71% | -32.57% |
| D&A For EBITDA | 35.29M | 38.00M | 31.73M | 33.72M | 41.50M | 35.13M |
| EBIT | -23.52M | -43.17M | -57.10M | -92.88M | -126.33M | -113.92M |
| EBIT Margin | -8.05% | -13.87% | -18.62% | -31.39% | -45.73% | -47.09% |
| Revenue as Reported | 292.25M | 311.14M | 306.58M | 295.94M | 276.24M | 241.93M |
| Advertising Expenses | 3.10M | 5.10M | 2.60M | 5.70M | 4.40M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 60.59M | 50.81M | 249.65M | 106.28M | 116.31M | 193.23M |
| Short-Term Investments | 42.85M | 44.92M | 142.35M | 211.45M | 247.18M | 251.75M |
| Cash & Short-Term Investments | 103.44M | 95.73M | 392.00M | 317.73M | 363.49M | 444.98M |
| Accounts Receivable | 41.90M | 59.13M | 57.18M | 60.29M | 47.97M | 48.80M |
| Other Receivables | 200.00K | 300.00K | 600.00K | 900.00K | 600.00K | 800.00K |
| Receivables | 42.10M | 59.43M | 57.78M | 61.19M | 48.57M | 49.60M |
| Prepaid Expenses | 9.83M | 12.35M | 13.77M | 12.28M | 14.23M | 12.41M |
| Other Current Assets | 93.02M | 1.80M | 2.10M | 2.20M | 1.50M | 1.40M |
| Total Current Assets | 248.39M | 169.31M | 465.65M | 393.40M | 427.80M | 508.39M |
| Property, Plant & Equipment | 39.41M | 40.48M | 41.45M | 39.64M | 42.59M | 44.45M |
| Goodwill | 11.10M | 209.07M | 259.76M | 190.65M | 185.98M | 169.97M |
| Other Intangible Assets | 56.12M | 77.68M | 86.05M | 73.38M | 92.19M | 104.79M |
| Long-Term Deferred Charges | 1.80M | 2.40M | 2.90M | 3.30M | 2.60M | 3.00M |
| Other Long-Term Assets | 1.78M | 3.71M | 3.12M | 1.44M | 1.13M | 1.50M |
| Total Assets | 358.60M | 502.64M | 858.93M | 701.81M | 752.29M | 832.10M |
| Accounts Payable | 8.34M | 9.36M | 11.43M | 6.64M | 4.42M | 4.69M |
| Accrued Expenses | 22.39M | 17.99M | 26.34M | 20.93M | 17.85M | 23.73M |
| Current Portion of Long-Term Debt | 1.63M | 1.63M | 231.18M | |||
| Current Portion of Leases | 3.70M | 3.78M | 3.61M | 3.36M | 3.43M | 3.42M |
| Current Unearned Revenue | 42.53M | 56.11M | 53.28M | 55.75M | 54.96M | 56.63M |
| Other Current Liabilities | 13.34M | 704.00K | 2.35M | 1.84M | 4.58M | |
| Total Current Liabilities | 91.92M | 89.57M | 325.85M | 89.03M | 82.51M | 93.05M |
| Long-Term Debt | 151.85M | 151.62M | 151.18M | 228.03M | 226.52M | 180.94M |
| Long-Term Leases | 12.80M | 14.21M | 16.29M | 17.68M | 18.02M | 20.24M |
| Long-Term Unearned Revenue | 425.00K | 410.00K | 249.00K | 77.00K | 105.00K | 929.00K |
| Long-Term Deferred Tax Liabilities | 227.00K | 155.00K | 73.00K | 65.00K | ||
| Other Long-Term Liabilities | 775.00K | 821.00K | -1.00K | 1.00K | 56.00K | 14.83M |
| Total Liabilities | 257.78M | 256.86M | 493.72M | 334.89M | 327.28M | 310.00M |
| Common Stock | 1.62B | 1.61B | 1.55B | 1.48B | 1.42B | 1.40B |
| Retained Earnings | -1.52B | -1.36B | -1.19B | -1.12B | -999.02M | -878.86M |
| Comprehensive Income & Other | 1.03M | 1.59M | -835.00K | 33.00K | -648.00K | -67.00K |
| Total Common Equity | 100.83M | 245.78M | 365.21M | 366.92M | 425.01M | 522.10M |
| Shareholders' Equity | 100.83M | 245.78M | 365.21M | 366.92M | 425.01M | 522.10M |
| Total Liabilities & Equity | 358.60M | 502.64M | 858.93M | 701.81M | 752.29M | 832.10M |
| Total Debt | 169.98M | 171.24M | 402.26M | 249.07M | 247.97M | 204.61M |
| Net Cash (Debt) | -66.54M | -75.51M | -10.27M | 68.66M | 115.52M | 240.37M |
| Net Cash Per Share | -0.92 | -1.08 | -0.17 | 1.22 | 2.14 | 5.06 |
| Filing Date Shares Outstanding | 75.26M | 73.59M | 70.21M | 58.56M | 55.81M | 53.35M |
| Total Common Shares Outstanding | 74.60M | 72.03M | 64.04M | 58.30M | 55.26M | 52.62M |
| Working Capital | 156.47M | 79.73M | 139.80M | 304.36M | 345.29M | 415.34M |
| Book Value Per Share | 1.35 | 3.41 | 5.70 | 6.29 | 7.69 | 9.92 |
| Tangible Book Value | 33.60M | -40.97M | 19.40M | 102.88M | 146.84M | 247.34M |
| Tangible Book Value Per Share | 0.45 | -0.57 | 0.30 | 1.76 | 2.66 | 4.70 |
| Machinery | 12.16M | 13.82M | 14.07M | 13.37M | 13.75M | 12.95M |
| Leasehold Improvements | 6.15M | 6.31M | 8.46M | 8.81M | 9.97M | 10.83M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -264.82M | -177.97M | -69.50M | -118.15M | -137.40M | -153.21M |
| Depreciation & Amortization | 35.29M | 38.00M | 31.73M | 33.72M | 41.50M | 35.13M |
| Other Amortization | 16.09M | 16.23M | 12.96M | 10.01M | 8.30M | 14.35M |
| Asset Writedown & Restructuring Costs | 210.90M | 117.12M | 2.20M | 4.08M | 5.02M | 1.80M |
| Loss (Gain) From Sale of Investments | -1.13M | -1.56M | -4.76M | -9.72M | -2.24M | 1.20M |
| Stock-Based Compensation | 17.62M | 27.01M | 40.13M | 55.76M | 72.10M | 65.14M |
| Provision & Write-off of Bad Debts | 1.44M | 1.50M | 1.20M | 1.82M | 691.00K | 499.00K |
| Other Operating Activities | 1.39M | -4.48M | 1.26M | 3.06M | -9.34M | 7.35M |
| Change in Accounts Receivable | 19.53M | -1.81M | 4.28M | -13.66M | 788.00K | 102.00K |
| Change in Accounts Payable | 6.21M | -11.51M | 5.58M | 4.87M | -4.70M | 5.20M |
| Change in Unearned Revenue | -13.10M | 607.00K | -7.01M | -1.49M | -6.00M | 7.64M |
| Change in Other Net Operating Assets | -1.19M | -2.40M | -3.51M | -3.39M | -4.00M | -8.32M |
| Operating Cash Flow | 28.23M | 731.00K | 14.56M | -33.08M | -35.27M | -23.12M |
| Capital Expenditures | -1.21M | -968.00K | -1.62M | -1.24M | -2.17M | -10.45M |
| Sale of Property, Plant & Equipment | 34.00K | 44.00K | 13.00K | 31.00K | 29.00K | 22.00K |
| Cash Acquisitions | -41.11M | -80.28M | -11.39M | -27.85M | -46.76M | |
| Sale (Purchase) of Intangibles | -20.47M | -20.59M | -14.78M | -13.07M | -15.25M | -8.02M |
| Investment in Securities | 4.80M | 98.82M | 73.76M | 45.97M | 6.21M | -74.47M |
| Investing Cash Flow | -16.85M | 36.19M | -22.90M | 20.29M | -39.02M | -139.68M |
| Long-Term Debt Issued | 152.28M | |||||
| Long-Term Debt Repaid | -232.29M | -959.00K | ||||
| Net Debt Issued (Repaid) | -2.29M | -232.29M | 151.32M | |||
| Issuance of Common Stock | 867.00K | 1.51M | 2.58M | 4.54M | 7.12M | 270.37M |
| Repurchase of Common Stock | -5.00M | -1.81M | -8.39M | |||
| Other Financing Activities | -2.15M | -1.34M | -6.29M | |||
| Financing Cash Flow | -1.43M | -235.78M | 151.75M | 2.73M | -2.61M | 264.08M |
| Foreign Exchange Rate Adjustments | -84.00K | 27.00K | -34.00K | 21.00K | -11.00K | -10.00K |
| Net Cash Flow | 9.88M | -198.83M | 143.37M | -10.04M | -76.92M | 101.27M |
| Free Cash Flow | 27.02M | -237.00K | 12.94M | -34.32M | -37.44M | -33.57M |
| Free Cash Flow Margin | 9.25% | -0.08% | 4.22% | -11.60% | -13.55% | -13.88% |
| Free Cash Flow Per Share | 0.38 | -0.00 | 0.21 | -0.61 | -0.69 | -0.71 |
| Levered Free Cash Flow | -48.65M | 10.73M | 29.45M | 17.88M | 13.04M | 24.68M |
| Unlevered Free Cash Flow | -38.60M | 22.17M | 36.87M | 20.85M | 12.59M | 12.74M |
| Cash Interest Paid | 21.95M | 21.95M | 10.12M | 5.75M | 5.75M | 6.36M |
| Cash Income Tax Paid | 297.00K | 138.00K | ||||
| Change in Working Capital | 11.45M | -15.11M | -660.00K | -13.67M | -13.91M | 4.62M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 127.18M | 169.05M | 452.79M | 532.92M | 582.00M | 2.06B |
| Enterprise Value | 193.72M | 249.63M | 429.87M | 434.51M | 450.06M | 1.81B |
| Last Close Price | 1.69 | 2.39 | 7.07 | 9.26 | 10.63 | 39.62 |
| Forward PE | 6.66 | 21.56 | 137.19 | |||
| PS Ratio | 0.44 | 0.54 | 1.48 | 1.80 | 2.11 | 8.53 |
| PB Ratio | 1.25 | 0.69 | 1.24 | 1.45 | 1.37 | 3.95 |
| P/TBV Ratio | 3.78 | 23.34 | 5.18 | 3.96 | 8.34 | |
| P/FCF Ratio | 4.71 | 34.98 | ||||
| P/OCF Ratio | 4.50 | 231.25 | 31.10 | |||
| EV/Sales Ratio | 0.66 | 0.80 | 1.40 | 1.47 | 1.63 | 7.48 |
| EV/FCF Ratio | 7.17 | 33.21 | ||||
| Debt / Equity Ratio | 1.69 | 0.70 | 1.10 | 0.68 | 0.58 | 0.39 |
| Debt / FCF Ratio | 6.29 | 31.08 | ||||
| Net Debt / Equity Ratio | 0.66 | 0.31 | 0.03 | -0.19 | -0.27 | -0.46 |
| Net Debt / EBITDA Ratio | 5.65 | -14.61 | -0.41 | 1.16 | 1.36 | 3.05 |
| Net Debt / FCF Ratio | 2.46 | -318.59 | 0.79 | 2.00 | 3.09 | 7.16 |
| Asset Turnover | 0.60 | 0.46 | 0.39 | 0.41 | 0.35 | 0.34 |
| Quick Ratio | 1.58 | 1.73 | 1.38 | 4.26 | 4.99 | 5.32 |
| Current Ratio | 2.70 | 1.89 | 1.43 | 4.42 | 5.18 | 5.46 |
| Return on Equity (ROE) | -118.12% | -58.26% | -18.99% | -29.84% | -29.02% | -38.39% |
| Return on Assets (ROA) | -3.02% | -3.96% | -4.57% | -7.98% | -9.97% | -10.10% |
| Return on Capital Employed (ROCE) | -8.80% | -10.50% | -10.70% | -15.20% | -18.90% | -15.40% |
| Earnings Yield | -217.66% | -105.28% | -15.35% | -22.17% | -23.61% | -7.43% |
| FCF Yield | 21.25% | -0.14% | 2.86% | -6.44% | -6.43% | -1.63% |
| Buyback Yield / Dilution | -10.32% | -16.14% | -6.68% | -4.32% | -13.87% | -20.12% |