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.
Others in SIC 7370
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| GOOGL | Alphabet Inc. | $4.11T | 31.3x | 15.1% |
| META | Meta Platforms, Inc. | $1.57T | 26.3x | 22.2% |
| TBLA | Taboola.com Ltd. | $1.07T | 29.7x | 8.3% |
| APP | AppLovin Corp | $107.64B | 32.9x | 70.0% |
| ZM | Zoom Communications, Inc. | $29.68B | 16.4x | 4.4% |
| FLUT | Flutter Entertainment plc | $17.37B | — | 16.6% |
| DOCN | DigitalOcean Holdings, Inc. | $13.22B | 44.6x | 15.5% |
| PINS | PINTEREST, INC. | $11.48B | 33.4x | 15.8% |