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Health Catalyst HCAT Professional Services — Adjusted cost of revenue

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Other financials

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

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Market cap$147.05M-43.6%
Enterprise value$257.76M-32.7%
P/S0.5×-0.3×

Profitability

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Gross margin49.9%+4.7pp
Operating margin-81.7%-127pp
Net margin-87.7%-138pp
FCF margin-0.8%-0.4pp

Returns & leverage

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

Where this comes from

Reported directly by Health Catalyst in its filing.

Tagged under the XBRL concept hcat:AdjustedCostOfRevenue.

The official record: Health Catalyst’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Health Catalyst's professional services — adjusted cost of revenue?
Health Catalyst (HCAT) reported professional services — adjusted cost of revenue of $17.15M in Q1 2026.
How has Health Catalyst's professional services — adjusted cost of revenue changed year-over-year?
Health Catalyst's professional services — adjusted cost of revenue decreased by 27.0% year-over-year, from $23.49M to $17.15M.
What is the long-term trend for Health Catalyst's professional services — adjusted cost of revenue?
Over 3 years (2022 to 2025), Health Catalyst's professional services — adjusted cost of revenue has grown at a 3.2% compound annual growth rate (CAGR), from $76.38M to $84.07M.
What does professional services — adjusted cost of revenue mean?
This metric captures the direct costs associated with delivering professional services, adjusted to exclude items like depreciation and amortization. It reflects the core variable expenses, such as personnel and direct project costs, required to support client engagements. Monitoring this helps evaluate the scalability and cost-management effectiveness of the service delivery team.