Health Catalyst, Inc. HCAT
We are a leading provider of data and analytics technology and services to healthcare organizations. Our Solution comprises our cloud-based data and analytics platform, software applications, and expertise. Our clients, which are primarily healthcare providers, use our Solution to manage their data, derive analytical insights to operate their organization, and produce measurable clinical, financial, and operational improvements. We envision a future where all healthcare decisions are data-informed.
Our mission is to be the catalyst for massive, measurable, data-informed healthcare improvement. We fulfill our mission through a confluence of the following elements:
•Data and Analytics Platform: Integrate data in a flexible, open, scalable, and modular platform to power insights;
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $311.1M | $306.6M | $295.9M | $276.2M | $241.9M | $188.8M | $154.9M | $112.6M | $73.1M | — |
| R&D | $49.8M | $58.0M | $72.6M | $75.7M | $62.7M | $53.5M | $46.3M | $38.6M | $28.5M | — |
| SG&A | $49.6M | $56.8M | $76.6M | $61.7M | $85.9M | $59.2M | $31.7M | $22.7M | $14.7M | — |
| Total operating expenses | $312.5M | $210.6M | $258.7M | $273.2M | $261.2M | $186.9M | $134.5M | $112.8M | $75.0M | — |
| Operating income | -$160.9M | -$69.8M | -$126.9M | -$140.0M | -$143.7M | -$96.1M | -$54.9M | -$60.1M | -$45.5M | — |
| Pre-tax income | -$177.3M | -$69.2M | -$117.8M | -$133.1M | -$146.3M | -$113.8M | -$60.0M | -$61.8M | -$47.0M | — |
| Income tax | $716.0K | $333.0K | $356.0K | $4.3M | $6.9M | $1.2M | $142.0K | $135.0K | $26.0K | — |
| Net income | -$178.0M | -$69.5M | -$118.1M | -$137.4M | -$153.2M | -$115.0M | -$60.1M | -$62.0M | -$47.0M | — |
| EPS, basic | -2.55 | -1.15 | -2.09 | -2.56 | -3.23 | -2.91 | -12.86 | — | — | — |
| EPS, diluted | -2.55 | -1.15 | -2.09 | -2.63 | -3.23 | -2.91 | -12.86 | -23.76 | -12.13 | — |
| Shares, diluted (wtd. avg.) | 69.9M | 60.2M | 56.4M | 54.1M | 47.5M | 39.5M | 18.7M | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $50.8M | $249.6M | $106.3M | $116.3M | $193.2M | $92.0M | $18.0M | $28.4M | $23.0M | $12.5M |
| Short-term investments | $44.9M | $142.4M | $211.5M | $247.2M | $251.8M | $178.9M | $210.2M | $4.8M | — | — |
| Receivables | $59.1M | $57.2M | $60.3M | $48.0M | $48.8M | $48.3M | $27.6M | $27.7M | — | — |
| Total current assets | $169.3M | $465.6M | $393.4M | $427.8M | $508.4M | $329.8M | $264.2M | $66.9M | — | — |
| Property, plant and equipment | $33.8M | $29.4M | $25.7M | $25.9M | $23.3M | $12.9M | $4.3M | $4.7M | — | — |
| Goodwill | $209.1M | $259.8M | $190.7M | $186.0M | $170.0M | $107.8M | $3.7M | $3.7M | — | — |
| Other intangibles | $77.7M | $86.1M | $73.4M | $92.2M | $104.8M | $98.9M | $25.5M | $28.3M | — | — |
| Total assets | $502.6M | $858.9M | $701.8M | $752.3M | $832.1M | $577.7M | $302.4M | $111.0M | — | — |
| Accounts payable | $9.4M | $11.4M | $6.6M | $4.4M | $4.7M | $5.3M | $3.6M | $1.8M | — | — |
| Short-term debt | $1.6M | $231.2M | $0 | — | — | — | $0 | $1.3M | — | — |
| Total current liabilities | $89.6M | $325.9M | $89.0M | $82.5M | $93.1M | $88.0M | $48.2M | $41.8M | — | — |
| Long-term debt | $151.6M | $151.2M | $228.0M | $226.5M | $180.9M | $169.0M | $48.2M | $18.8M | — | — |
| Total liabilities | $256.9M | $493.7M | $334.9M | $327.3M | $310.0M | $301.6M | $101.7M | $75.9M | — | — |
| Retained earnings | -$1.36B | -$1.19B | -$1.12B | -$999.0M | -$878.9M | -$725.6M | -$610.5M | -$374.8M | — | — |
| Total equity | $245.8M | $365.2M | $366.9M | $425.0M | $522.1M | $276.1M | $200.6M | -$374.8M | -$259.5M | -$206.4M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $731.0K | $14.6M | -$33.1M | -$35.3M | -$23.1M | -$26.1M | -$32.2M | -$40.3M | -$36.8M | — |
| Depreciation and amortisation | $15.0M | $12.8M | $12.6M | $11.1M | $5.5M | $2.9M | $2.9M | $2.3M | $1.4M | — |
| Stock-based compensation | $27.0M | $40.1M | $55.8M | $72.1M | $65.1M | $38.0M | $17.8M | $4.2M | $4.2M | — |
| Capital expenditure | $968.0K | $1.6M | $1.2M | $2.2M | $10.4M | $7.8M | $2.0M | $2.1M | $2.5M | — |
| Investing cash flow | $36.2M | -$22.9M | $20.3M | -$39.0M | -$139.7M | -$82.6M | -$209.6M | $21.4M | $22.4M | — |
| Financing cash flow | -$235.8M | $151.7M | $2.7M | -$2.6M | $264.1M | $182.6M | $231.4M | $24.3M | $24.9M | — |
| Buybacks | $5.0M | $0 | $1.8M | $8.4M | $0 | $0 | $0 | $8.7M | $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 0001636422-26-000075.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $73.1M | $112.6M | $154.9M | $188.8M | $241.9M | $276.2M | $295.9M | $306.6M | $311.1M |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | — | -$47.0M | -$62.0M | -$60.1M | -$115.0M | -$153.2M | -$137.4M | -$118.1M | -$69.5M | -$178.0M |
Recent filings and events
- Material agreement terminated An agreement that mattered has ended. Often the other half of a deal that fell through. Item 1.02
- Acquisition or disposal completed A purchase or sale of a significant business or asset has closed. Item 2.01
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Regulation FD disclosure Item 7.01
- Results announced Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Regulation FD disclosure Item 7.01
- Officer or director change Item 5.02
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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