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Health Catalyst

HCAT

Health Catalyst is a leading provider of data and analytics technology and services specifically designed for healthcare organizations.

Market cap
$158.87M-38.0%
Revenue$302.5M-2.8%
Net income-$265.3M-265%
Free cash flow$8.3M+444%
EPS (diluted)-$3.74-225%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 6, 2026 (In 1 week)
Revenue estimate$69.0M
EPS estimate$0.02

Financials

Q1 2026

Income statement

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Revenue$70.8M-10.9%
Gross profit$35.5M-2.1%
Operating income-$106.5M-428%
Net income-$111.0M-368%
EPS (diluted)-$1.53-337%

Balance sheet

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Cash & equivalents$59.9M-82.5%
Total debt$170.6M-57.6%
Total equity$138.1M-63.3%
Total assets$412.2M-53.8%

Cash flow

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Operating cash flow$18.5M+6,511%
CapEx$338.0K-49.6%
Free cash flow$18.2M+4,760%

Valuation & ratios

Valuation

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Market cap$158.87M-38.0%
Enterprise value$269.59M-33.7%
P/S0.5×-0.4×

Profitability

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Gross margin49.9%+4.7pp
Operating margin-81.7%-127pp
Net margin-87.7%-138pp

Returns & leverage

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Return on equity-103%-135pp
Debt / equity1.2×+0.2×
Current ratio1.7×+0.4×

Segments

By product

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Technology$49.5M-3.9%
Professional Services$21.3M-23.8%

By segment

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Professional Services$21.3M-23.8%

Competitors

Profile

Health Catalyst is a leading provider of data and analytics technology and services specifically designed for healthcare organizations. The company offers a cloud-based platform and software applications combined with professional expertise to help healthcare providers derive clinical, financial, and operational insights. Their core value proposition centers on enabling data-informed decision-making to drive measurable improvements across the healthcare ecosystem.

Competitive position

A specialized leader in healthcare-specific data warehousing and analytics, utilizing a proprietary 'Flywheel' model that integrates technology with deep clinical expertise.

GeographiesUnited States
Customer segmentsHealthcare Providers, Health Systems
Business modelSubscription SaaS, Professional Services, Managed Services
SuppliersCloud Infrastructure Providers, Third-party Software Vendors, Data Center Operators
CustomersHospitals, Physician Groups, Health Systems, Accountable Care Organizations
Listed2019
Employees1.3K
CEOBenjamin Albert
FilingsSEC EDGAR

Questions, answered.

What is Health Catalyst's market cap?
Health Catalyst (HCAT) has a market capitalization of $158.9M and trades on NASDAQ.
What is Health Catalyst's revenue and profitability?
Health Catalyst generated $302.5M in trailing twelve-month revenue with a net loss of $265.3M, representing a net margin of -87.7%. Gross margin stands at 49.9%, with free cash flow of $8.3M. These figures are based on the Q1 2026 filing.
Who are Health Catalyst's competitors?
Health Catalyst's key competitors include Oracle, IBM, Healthcare Triangle, Inc. Common Stock, and others. These companies compete in similar markets and product categories.
Who does Health Catalyst partner with?
Health Catalyst's notable partners include Microsoft, Amazon Web Services, Snowflake.
Where is Health Catalyst headquartered?
Health Catalyst is headquartered in United States of America and employs approximately 1,300 people. It has been publicly traded since 2019.