Health Catalyst, Inc. (HCAT) Financial Statements
Industry: Computer Programming, Data Processing, Etc. (Services)
In fiscal 2025, Health Catalyst reported revenue of $311.1M, up 1.5% from $306.6M the year before. Net income was -$178.0M (a -57.2% net margin), or -$2.55 per diluted share. Operating margin was -51.7%. Operating activities generated $731,000 of cash, leaving -$237,000 of free cash flow. At fiscal year end, Health Catalyst held $502.6M in total assets against $256.9M in total liabilities, including $50.8M of cash and equivalents.
Open the full interactive Health Catalyst financials → Quarterly statements, key ratios, valuation history and price charts.
Health Catalyst Key Stats
| Share Price | $1.74 |
|---|---|
| Market Cap | $128.7M |
| Revenue YoY Growth | +1.5% |
| 52-Week Range | $1.00 – $3.46 |
| Shares Outstanding | 74.0 million (basic, 2026 Q2) |
Health Catalyst Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $188.8M | $241.9M | $276.2M | $295.9M | $306.6M | $311.1M |
| Operating Income | -$96.1M | -$143.7M | -$140.0M | -$126.9M | -$69.8M | -$160.9M |
| Pre-Tax Income | -$116.2M | -$160.1M | -$141.7M | -$117.7M | -$69.2M | -$177.3M |
| Income Tax | -$1.2M | -$6.9M | -$4.3M | $356,000 | $333,000 | $716,000 |
| Net Income | -$115.0M | -$153.2M | -$137.4M | -$118.1M | -$69.5M | -$178.0M |
| Diluted EPS | -$2.91 | -$3.23 | -$2.63 | -$2.09 | -$1.15 | -$2.55 |
Health Catalyst Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $76.3M | $74.7M | $70.8M | $70.5M |
| Net Income | -$22.2M | -$91.0M | -$111.0M | -$40.5M |
| Diluted EPS | -$0.32 | -$1.30 | -$1.53 | -$0.55 |
Health Catalyst Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $92.0M | $193.2M | $116.3M | $106.3M | $249.6M | $50.8M |
| Current Assets | $329.8M | $508.4M | $427.8M | $393.4M | $465.6M | $169.3M |
| Total Assets | $577.7M | $832.1M | $752.3M | $701.8M | $858.9M | $502.6M |
| Current Liabilities | $88.0M | $93.1M | $82.5M | $89.0M | $325.9M | $89.6M |
| Total Long-Term Debt | $169.0M | $180.9M | $226.5M | $228.0M | $382.4M | $153.3M |
| Total Liabilities | $301.6M | $310.0M | $327.3M | $334.9M | $493.7M | $256.9M |
| Shareholders' Equity | $276.1M | $522.1M | $425.0M | $366.9M | $365.2M | $245.8M |
Health Catalyst Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$26.1M | -$23.1M | -$35.3M | -$33.1M | $14.6M | $731,000 |
| Cash From Investing | -$82.6M | -$139.7M | -$39.0M | $20.3M | -$22.9M | $36.2M |
| Cash From Financing | $182.6M | $264.1M | -$2.6M | $2.7M | $151.7M | -$235.8M |
| Free Cash Flow | -$33.9M | -$33.6M | -$37.4M | -$34.3M | $12.9M | -$237,000 |
Figures from Health Catalyst's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Health Catalyst financials page for every line item.
Health Catalyst Company Profile
| Ticker | HCAT |
|---|---|
| Exchange | Nasdaq |
| Industry | Computer Programming, Data Processing, Etc. (Services) |
| Headquarters | South Jordan, Utah |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Accelerated filer |
| SEC CIK | 0001636422 |
Frequently Asked Questions
What was Health Catalyst's revenue in fiscal 2025?
Health Catalyst (HCAT) reported revenue of $311.1M for fiscal 2025.
What is Health Catalyst's annual revenue history?
Health Catalyst's annual revenue by fiscal year: 2020: $188.8M; 2021: $241.9M; 2022: $276.2M; 2023: $295.9M; 2024: $306.6M; 2025: $311.1M.
What was Health Catalyst's net income in fiscal 2025?
Health Catalyst reported net income of -$178.0M for fiscal 2025.
What was Health Catalyst's earnings per share (EPS) in fiscal 2025?
Health Catalyst's diluted EPS was -$2.55 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Health Catalyst generate in fiscal 2025?
Health Catalyst generated -$237,000 of free cash flow in fiscal 2025.
What was Health Catalyst's revenue last quarter?
In its most recent reported quarter (2026 Q2), Health Catalyst reported revenue of $70.5M.
How much debt does Health Catalyst have?
Health Catalyst reported $153.3M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Health Catalyst are outstanding?
Health Catalyst reported a weighted average of 74.0 million basic shares outstanding in 2026 Q2.
What is Health Catalyst's market cap?
Based on its latest closing price, Health Catalyst (HCAT) has a market capitalization of about $128.7M.
When does Health Catalyst's fiscal year end?
Health Catalyst's fiscal year end, as registered with the SEC, is December 31.
Where is Health Catalyst headquartered?
Health Catalyst lists its business address in South Jordan, Utah in its SEC filings.
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