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Health Catalyst HCAT Q3 2025 earnings

Reported November 10, 2025 · After market close

Revenue$76.3MBeat by $2.2M
EPS$0.06Beat by $0.01
Revenue estimate$74.1M
EPS estimate$0.05

Next report

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

Financials

Q3 2025

Income statement

See full
Revenue$76.3M0.0%
Gross profit$37.8M+11.1%
Operating income-$17.5M-27.9%
Net income-$22.2M-51.0%
EPS (diluted)-$0.32-33.3%

Balance sheet

See full
Cash & equivalents$40.3M-87.7%
Total debt$172.1M-52.8%
Total equity$331.9M-6.5%
Total assets$587.1M-27.8%

Cash flow

See full
Operating cash flow-$464.0K-107%
CapEx$255.0K-63.8%
Free cash flow-$719.0K-113%

Valuation & ratios

Valuation

as of 09/30/25
See full
Market cap$200.56M-59.3%
Enterprise value$332.38M-37.1%
P/S0.6×-1.0×

Profitability

See full
Gross margin46.5%+1.3pp
Operating margin-29.2%+1.1pp
Net margin-34.1%+14.6pp

Returns & leverage

See full
Return on equity-31.3%+26.7pp
Debt / equity0.5×-0.5×
Current ratio1.9×+0.5×

Segments

By product

See full
Technology$52.1M—
Professional Services$24.3M-12.4%

By segment

See full
Professional Services$24.3M-12.4%

Versus estimates

Revenue

Q1 2026$70.8MBeat by $1.5MQ4 2025$74.7MBeat by $711.5K
Q3 2025$76.3MBeat by $2.2M
Q2 2025$80.7MMiss by $4.4MQ1 2025$79.4MBeat by $251.5KQ4 2024$79.6MIn line

Diluted EPS

Q1 2026$0.02Beat by $0.01Q4 2025$0.08Miss by $0.01
Q3 2025$0.06Beat by $0.01
Q2 2025$0.04Beat by $0.01Q1 2025$0.01In lineQ4 2024$0.04Miss by $0.07

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Questions, answered.

When did Health Catalyst report Q3 2025 earnings?
Health Catalyst (HCAT) reported Q3 2025 earnings on November 10, 2025 after market close.
What were Health Catalyst's Q3 2025 revenue and EPS?
Health Catalyst reported revenue of $76.3M and eps of $0.06 for Q3 2025.
Did Health Catalyst beat estimates in Q3 2025?
Revenue beat the consensus estimate of $74.1M by $2.2M. EPS beat the consensus estimate of $0.05 by $0.01.
How did Health Catalyst's Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 0.0% from $76.4M a year earlier and eps declined 14.3% from $0.07.
Where can I find Health Catalyst's Q3 2025 SEC filings?
You can read the 8-K earnings release (0001636422-25-000143) and the 10-Q periodic report (0001636422-25-000146) directly on SEC EDGAR. The filing index links above go to sec.gov.