Definitive Healthcare Corp. DH
Our mission is to transform data, analytics, and expertise into healthcare commercial intelligence. We help clients uncover the right markets, opportunities, and people, so they can shape tomorrow's healthcare industry. Our software-as-a-service ("SaaS") platform creates new paths to commercial success in the healthcare market, so companies can identify where to go next.
Definitive Healthcare is a leading provider of healthcare data and analytics. We provide accurate, comprehensive information on healthcare providers and their activities, enabling customers to make informed decisions across product development, go-to-market planning, and sales and marketing execution. We also offer claims and consumer analytics built from modeled data on millions of unique consumers to help healthcare organizations target, message, and engage specific healthcare audiences.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $241.5M | $252.2M | $251.4M | $222.7M | $166.2M | $118.3M | — | — |
| Cost of revenue | $58.2M | $54.7M | $47.5M | $42.6M | — | — | — | — |
| Gross profit | $183.3M | $197.5M | $203.9M | $180.0M | $125.5M | $87.8M | — | — |
| R&D | $34.8M | $36.5M | $42.4M | $34.9M | $18.6M | $11.1M | — | — |
| SG&A | $51.6M | $49.3M | $58.9M | $51.6M | $32.9M | $14.4M | — | — |
| Total operating expenses | $407.5M | $908.3M | $533.7M | $224.1M | $152.8M | $103.7M | — | — |
| Operating income | -$224.3M | -$710.8M | -$329.8M | -$44.0M | -$27.3M | -$15.9M | — | — |
| Interest expense | $11.3M | $14.8M | $15.2M | $11.2M | $25.9M | $36.5M | — | — |
| Pre-tax income | -$209.3M | -$633.7M | -$308.2M | -$41.9M | -$62.8M | -$52.6M | — | — |
| Income tax | $10.0M | $42.3M | $18.6M | $17.7M | $443.0K | $0 | — | — |
| Net income | -$199.3M | -$591.4M | -$289.6M | -$7.2M | -$17.8M | $0 | — | — |
| EPS, basic | -1.30 | -3.54 | -1.79 | -0.07 | -0.19 | — | — | — |
| EPS, diluted | -1.30 | -3.54 | -1.79 | -0.07 | -0.19 | — | — | — |
| Shares, diluted (wtd. avg.) | $106.7M | $116.6M | $112.8M | $101.1M | $91.9M | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $163.6M | $105.4M | $131.0M | $146.9M | $387.5M | $24.8M | $8.6M | $19.4M |
| Short-term investments | $17.3M | $184.8M | $177.1M | $184.9M | $0 | — | — | — |
| Receivables | $52.0M | $53.2M | $59.2M | $58.8M | $43.3M | $33.1M | — | — |
| Total current assets | $257.6M | $370.2M | $393.9M | $413.7M | $444.2M | $63.8M | — | — |
| Property, plant and equipment | $12.7M | $3.8M | $4.5M | $4.5M | $5.1M | $3.2M | — | — |
| Goodwill | $197.2M | $393.3M | $1.08B | $1.32B | $1.26B | $1.26B | — | — |
| Other intangibles | $247.5M | $297.9M | $323.1M | $350.7M | $352.5M | $410.2M | — | — |
| Total assets | $735.5M | $1.09B | $1.83B | $2.12B | $1.73B | $1.75B | — | — |
| Accounts payable | $3.6M | $10.8M | $5.8M | $3.9M | $4.7M | $5.7M | — | — |
| Short-term debt | $8.8M | $13.8M | $13.8M | $8.6M | $6.9M | $4.7M | — | — |
| Total current liabilities | $156.8M | $161.2M | $170.7M | $140.6M | $102.4M | $97.2M | $97.8M | — |
| Long-term debt | $156.1M | $229.4M | $242.6M | $255.8M | $263.8M | $457.2M | — | — |
| Total liabilities | $356.5M | $482.2M | $626.7M | $640.7M | $560.1M | $554.4M | — | — |
| Retained earnings | -$779.5M | -$640.6M | -$227.4M | -$25.1M | -$17.8M | — | — | — |
| Total equity | $379.0M | $607.2M | $1.20B | $1.48B | $1.17B | $1.19B | $1.20B | — |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $53.8M | $58.2M | $41.2M | $35.6M | $25.2M | $23.2M | — | — |
| Depreciation and amortisation | $3.3M | $2.2M | $2.0M | $2.2M | $1.8M | $1.2M | — | — |
| Stock-based compensation | $29.1M | $38.1M | $48.7M | $36.4M | $10.0M | $1.7M | — | — |
| Capital expenditure | $16.7M | $12.3M | $3.0M | $8.3M | $6.7M | $1.4M | — | — |
| Investing cash flow | $153.9M | -$26.4M | -$31.8M | -$248.9M | -$46.7M | -$23.9M | — | — |
| Financing cash flow | -$150.8M | -$56.7M | -$25.6M | -$26.7M | $384.4M | $16.7M | — | — |
| Buybacks | $49.5M | $22.4M | $0 | $0 | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-173661.
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