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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
$129.44M-34.5%
Revenue$292.2M-7.5%
Net income-$264.8M-165%
Free cash flow$27.0M+1,008%
EPS (diluted)-$3.70-145%
Trailing twelve months · change vs. prior year

Earnings

Next report

Nov 9, 2026 (in 2 months)
Revenue estimate$55.4M
EPS estimate-$0.02

Financials

Q2 2026

Income statement

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Revenue$70.5M-12.7%
Gross profit$34.9M-8.8%
Operating income-$36.5M+1.7%
Net income-$40.5M+1.1%
EPS (diluted)-$0.55+6.8%

Balance sheet

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Cash & equivalents$60.6M+19.5%
Total debt$170.0M-1.6%
Total equity$100.8M-71.0%
Total assets$358.6M-41.8%

Cash flow

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Operating cash flow$275.0K+103%
CapEx$345.0K

Valuation & ratios

Valuation

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Market cap$129.44M-34.5%
Enterprise value$238.83M-26.5%
P/S0.4×-0.2×

Profitability

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Gross margin50.5%+5.2pp
Operating margin-84.4%-167pp
Net margin-90.6%-196pp

Returns & leverage

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Return on equity-118.1%-173pp
Debt / equity1.7×+1.2×
Current ratio2.7×+0.9×

Segments

By segment

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Technology$48.8M-7.7%
Accumulated Impairment Losses$21.7M-22.1%

By product

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Technology$48.8M-7.7%
Accumulated Impairment Losses$21.7M-22.1%

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

FAQ

What is Health Catalyst's market cap?
Health Catalyst (HCAT) has a market capitalization of $129.4M and trades on NASDAQ.
What is Health Catalyst's revenue and profitability?
Health Catalyst generated $292.2M in trailing twelve-month revenue with a net loss of $264.8M, representing a net margin of -90.6%. Gross margin stands at 50.5%, with free cash flow of $27.0M. The latest reported period is Q2 2026.
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.