NASDAQ : HCTI
Healthcare Triangle, Inc. — Financial statements
Healthcare · Health Information Services · United States
Last price 6.3 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 4.72M
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Financial statements
Healthcare Triangle, Inc. (HCTI) reported revenue of 25.67M 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 | 25.67M | 13.89M | 11.70M | 33.20M | 45.89M | 35.27M |
| Cost of Revenue | 20.15M | 12.00M | 8.81M | 26.43M | 34.59M | 24.75M |
| Gross Profit | 5.53M | 1.89M | 2.89M | 6.78M | 11.29M | 10.52M |
| Selling, General & Admin | 17.59M | 10.42M | 6.15M | 10.40M | 12.17M | 9.20M |
| Research & Development | 474.00K | 536.00K | 429.00K | 799.00K | 8.14M | 5.26M |
| Operating Expenses | 20.25M | 11.68M | 7.64M | 12.76M | 23.25M | 15.88M |
| Operating Income | -14.73M | -9.79M | -4.75M | -5.99M | -11.96M | -5.36M |
| Interest Expense | -305.00K | -567.00K | -1.21M | -968.00K | -212.00K | -567.00K |
| Currency Exchange Gain (Loss) | -98.00K | -18.00K | ||||
| Other Non Operating Income (Expenses) | -1.91M | 857.00K | 7.00K | 12.00K | ||
| EBT Excluding Unusual Items | -17.04M | -9.52M | -5.96M | -6.94M | -12.17M | -5.92M |
| Asset Writedown | 41.00K | 41.00K | -1.71M | -4.37M | ||
| Other Unusual Items | 2.68M | |||||
| Pretax Income | -17.00M | -9.48M | -5.96M | -8.65M | -13.85M | -5.92M |
| Income Tax Expense | 24.00K | 12.00K | 35.00K | 506.00K | 24.00K | |
| Net Income | -17.02M | -9.48M | -5.97M | -8.69M | -14.36M | -5.95M |
| Net Income to Common | -17.02M | -9.48M | -5.97M | -8.69M | -14.36M | -5.95M |
| Free Cash Flow | -15.48M | -16.53M | -1.08M | -2.16M | -5.39M | -7.19M |
| Gross Margin | 21.52% | 13.61% | 24.71% | 20.41% | 24.62% | 29.83% |
| Operating Margin | -57.37% | -70.47% | -40.62% | -18.02% | -26.06% | -15.19% |
| Profit Margin | -66.30% | -68.22% | -51.03% | -26.16% | -31.29% | -16.87% |
| Free Cash Flow Margin | -60.30% | -118.99% | -9.24% | -6.51% | -11.75% | -20.39% |
| EBITDA | -13.09M | -9.08M | -3.86M | -4.42M | -9.02M | -3.94M |
| EBITDA Margin | -51.00% | -65.40% | -33.02% | -13.31% | -19.65% | -11.16% |
| D&A For EBITDA | 1.63M | 705.00K | 889.00K | 1.57M | 2.94M | 1.42M |
| EBIT | -14.73M | -9.79M | -4.75M | -5.99M | -11.96M | -5.36M |
| EBIT Margin | -57.37% | -70.47% | -40.62% | -18.02% | -26.06% | -15.19% |
| Advertising Expenses | 1.70M | 607.00K |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.91M | 7.62M | 20.00K | 1.23M | 1.34M | 1.77M |
| Cash & Short-Term Investments | 2.02M | 7.62M | 20.00K | 1.23M | 1.34M | 1.77M |
| Receivables | 7.07M | 2.07M | 1.11M | 3.60M | 5.87M | 9.67M |
| Prepaid Expenses | 165.00K | 267.00K | 262.00K | |||
| Other Current Assets | 397.00K | 3.19M | 60.00K | 824.00K | 816.00K | 362.00K |
| Total Current Assets | 9.65M | 13.15M | 1.45M | 5.65M | 8.02M | 11.80M |
| Property, Plant & Equipment | 2.38M | 5.00K | 12.00K | 44.00K | 80.00K | 246.00K |
| Goodwill | 2.95M | 2.95M | 1.29M | |||
| Other Intangible Assets | 54.83M | 2.81M | 857.00K | 4.08M | 10.46M | |
| Other Long-Term Assets | 3.46M | 3.83M | 497.00K | 304.00K | 1.07M | 816.00K |
| Total Assets | 73.64M | 22.74M | 1.96M | 6.86M | 13.26M | 24.61M |
| Accounts Payable | 1.20M | 744.00K | 2.54M | 1.95M | 1.48M | 1.87M |
| Accrued Expenses | 1.42M | 946.00K | 1.21M | |||
| Short-Term Debt | 194.00K | 589.00K | 2.68M | 2.69M | 3.28M | |
| Current Portion of Long-Term Debt | 9.16M | 10.54M | 2.06M | 1.11M | ||
| Current Portion of Leases | 426.00K | 176.00K | ||||
| Current Unearned Revenue | 564.00K | |||||
| Other Current Liabilities | 3.22M | 365.00K | 676.00K | 2.41M | 2.43M | 924.00K |
| Total Current Liabilities | 15.99M | 12.79M | 7.08M | 8.15M | 6.60M | 6.25M |
| Long-Term Debt | 2.66M | 97.00K | ||||
| Other Long-Term Liabilities | 5.14M | 625.00K | 2.23M | |||
| Total Liabilities | 24.54M | 12.79M | 7.08M | 8.25M | 7.22M | 8.48M |
| Common Stock | 12.01M | 11.00K | ||||
| Additional Paid-In Capital | 65.23M | 45.53M | 21.02M | 26.21M | 24.96M | 18.80M |
| Retained Earnings | -53.49M | -43.00M | -33.57M | -27.60M | -18.92M | -2.66M |
| Total Common Equity | 23.75M | 2.55M | -12.55M | -1.39M | 6.04M | 16.14M |
| Minority Interest | -89.00K | -37.00K | ||||
| Shareholders' Equity | 49.10M | 9.94M | -5.11M | -1.39M | 6.04M | 16.14M |
| Total Liabilities & Equity | 73.64M | 22.74M | 1.96M | 6.86M | 13.26M | 24.61M |
| Total Debt | 13.00M | 10.74M | 2.65M | 3.88M | 2.69M | 3.45M |
| Net Cash (Debt) | -10.98M | -3.11M | -2.63M | -2.65M | -1.34M | -1.68M |
| Filing Date Shares Outstanding | 748.72K | 98.38K | ||||
| Working Capital | -6.34M | 359.00K | -5.62M | -2.50M | 1.43M | 5.55M |
| Tangible Book Value | -34.02M | -3.21M | -12.55M | -2.25M | 1.96M | 4.39M |
| Machinery | 5.29M | 67.00K | 69.00K | 132.00K | 119.00K | 80.00K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -17.02M | -9.48M | -5.97M | -8.69M | -14.36M | -5.95M |
| Depreciation & Amortization | 1.58M | 705.00K | 889.00K | 1.57M | 2.94M | 1.42M |
| Other Amortization | 398.00K | 223.00K | 979.00K | |||
| Asset Writedown & Restructuring Costs | 1.71M | 4.37M | ||||
| Loss (Gain) on Equity Investments | 393.00K | 393.00K | 22.00K | |||
| Stock-Based Compensation | 327.00K | 451.00K | 87.00K | 274.00K | 381.00K | 1.20M |
| Provision & Write-off of Bad Debts | 159.00K | 17.00K | 170.00K | 222.00K | ||
| Other Operating Activities | 4.13M | -145.00K | 49.00K | -12.00K | -2.65M | 169.00K |
| Change in Accounts Receivable | 445.00K | -913.00K | 2.31M | 2.27M | 3.58M | -3.28M |
| Change in Accounts Payable | -2.50M | -1.49M | 593.00K | 484.00K | -392.00K | -2.48M |
| Change in Other Net Operating Assets | -3.94M | -6.29M | -216.00K | 243.00K | 555.00K | 1.80M |
| Operating Cash Flow | -16.03M | -16.52M | -1.08M | -2.15M | -5.35M | -7.11M |
| Capital Expenditures | 547.00K | -6.00K | -12.00K | -40.00K | -79.00K | |
| Cash Acquisitions | -9.20M | -4.50M | ||||
| Sale (Purchase) of Intangibles | -1.50M | -1.50M | -1.09M | -3.05M | ||
| Other Investing Activities | -247.00K | -247.00K | ||||
| Investing Cash Flow | -10.39M | -1.75M | -12.00K | -1.13M | -7.63M | |
| Short-Term Debt Issued | 9.41M | 1.56M | 476.00K | 1.07M | ||
| Total Debt Issued | 86.01M | 9.41M | 1.56M | 476.00K | 1.07M | |
| Short-Term Debt Repaid | -1.09M | |||||
| Long-Term Debt Repaid | -194.00K | -181.00K | ||||
| Total Debt Repaid | -72.98M | -1.09M | -194.00K | -181.00K | ||
| Net Debt Issued (Repaid) | 13.03M | 9.41M | -1.09M | 1.56M | 282.00K | 888.00K |
| Issuance of Common Stock | 12.77M | 17.03M | 956.00K | 500.00K | 5.92M | 14.22M |
| Repurchase of Common Stock | -141.00K | |||||
| Other Financing Activities | -737.00K | -567.00K | ||||
| Financing Cash Flow | 25.07M | 25.88M | -133.00K | 2.06M | 6.06M | 15.11M |
| Net Cash Flow | -1.32M | 7.61M | -1.21M | -107.00K | -429.00K | 367.00K |
| Free Cash Flow | -15.48M | -16.53M | -1.08M | -2.16M | -5.39M | -7.19M |
| Free Cash Flow Margin | -60.30% | -118.99% | -9.24% | -6.51% | -11.75% | -20.39% |
| Levered Free Cash Flow | -6.38M | -13.06M | 1.28M | 196.38K | -948.62K | -10.85M |
| Unlevered Free Cash Flow | -6.19M | -12.93M | 1.05M | 801.38K | -816.12K | -10.50M |
| Cash Interest Paid | 302.00K | 567.00K | 121.00K | 968.00K | 212.00K | 567.00K |
| Cash Income Tax Paid | 12.00K | 35.00K | 357.00K | 24.00K | ||
| Change in Working Capital | -5.99M | -8.69M | 2.69M | 3.00M | 3.75M | -3.95M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 3.73M | 4.59M | 5.31M | 11.48M | 6.98M | 64.89M |
| Enterprise Value | 14.71M | 11.91M | 6.36M | 14.89M | 5.33M | 66.77M |
| Last Close Price | 4.98 | 759.00 | 294,729.29 | 820,186.45 | 536,898.72 | 5,407,828.00 |
| Forward PE | 2.97 | 2.97 | 2.97 | 2.97 | ||
| PS Ratio | 0.15 | 0.33 | 0.45 | 0.35 | 0.15 | 1.84 |
| PB Ratio | 0.02 | 0.46 | -1.04 | -8.26 | 1.16 | 4.02 |
| P/TBV Ratio | 3.57 | 14.79 | ||||
| EV/Sales Ratio | 0.57 | 0.86 | 0.54 | 0.45 | 0.12 | 1.89 |
| Debt / Equity Ratio | 0.27 | 1.08 | -0.52 | -2.79 | 0.45 | 0.21 |
| Net Debt / Equity Ratio | 0.22 | 0.31 | -0.51 | -1.91 | 0.22 | 0.10 |
| Net Debt / EBITDA Ratio | -0.84 | -0.34 | -0.68 | -0.60 | -0.15 | -0.43 |
| Net Debt / FCF Ratio | -0.71 | -0.19 | -2.43 | -1.23 | -0.25 | -0.23 |
| Asset Turnover | 0.58 | 1.12 | 2.65 | 3.30 | 2.42 | 1.98 |
| Quick Ratio | 0.57 | 0.76 | 0.16 | 0.59 | 1.09 | 1.83 |
| Current Ratio | 0.60 | 1.03 | 0.20 | 0.69 | 1.22 | 1.89 |
| Return on Equity (ROE) | -57.40% | -392.38% | -373.67% | -129.50% | -58.14% | |
| Return on Assets (ROA) | -20.87% | -49.55% | -67.34% | -37.18% | -39.46% | -18.75% |
| Return on Invested Capital (ROIC) | -24.68% | -246.51% | -196.55% | -94.89% | -49.84% | |
| Return on Capital Employed (ROCE) | -25.50% | -98.40% | 92.90% | 462.50% | -179.40% | -29.20% |
| Earnings Yield | -8,625.69% | -206.33% | -112.51% | -75.64% | -205.71% | -9.17% |
| FCF Yield | -415.20% | -359.90% | -20.38% | -18.84% | -77.27% | -11.08% |