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Health Catalyst HCAT Technology — Adjusted Gross Profit

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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 us-gaap:GrossProfit.

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 technology — adjusted gross profit?
Health Catalyst (HCAT) reported technology — adjusted gross profit of $32.3M in Q1 2026.
How has Health Catalyst's technology — adjusted gross profit changed year-over-year?
Health Catalyst's technology — adjusted gross profit decreased by 6.7% year-over-year, from $34.61M to $32.3M.
What is the long-term trend for Health Catalyst's technology — adjusted gross profit?
Over 4 years (2021 to 2025), Health Catalyst's technology — adjusted gross profit has grown at a 8.2% compound annual growth rate (CAGR), from $102.33M to $140.32M.
What does technology — adjusted gross profit mean?
This metric represents the profitability of the technology segment after excluding non-cash expenses such as depreciation and amortization from the cost of revenue. It serves as a key indicator of the underlying operational efficiency and margin profile of the company's core software and data platform offerings. Investors use this to assess the scalability of the technology business model independent of capital expenditure accounting.