Health Catalyst, Inc. (HCAT)
Nasdaq · Services-Computer Programming, Data Processing, Etc. · Services · CIK 1636422 · fiscal year ends in Dec
Closing price $1.69 on 30 Oct 2026; 52-week range $1.00 to $3.28.
Key figures
The last twelve months reported, with the latest price and balance sheet.
- Revenue, last twelve months
- $292.2M
- Revenue growth
- -7.5%
- Net income, last twelve months
- -$264.8M
- Earnings per share
- -$3.68
- Gross margin
- 51.3%
- Operating margin
- -84.4%
- Net margin
- -90.6%
- Free cash flow
- $27.0M
- Return on equity
- -262.6%
- Market value
- $126.1M
- Cash
- $60.6M
- Debt
- $153.5M
- Debt to equity
- 1.52
- Shares outstanding
- 74.6M
Financial statements
Revenue, profit and cash flow by fiscal year, each year linked to its annual report.
| Fiscal year | Year end | Revenue | Operating income | Net income | EPS | Free cash flow | Filing |
|---|---|---|---|---|---|---|---|
| FY2025 | 31 Dec 2025 | $311.1M | -$160.9M | -$178.0M | -$2.55 | -$237.0K | 10-K filed 12 Mar 2026 |
| FY2024 | 31 Dec 2024 | $306.6M | -$69.8M | -$69.5M | -$1.15 | $12.9M | 10-K filed 26 Feb 2025 |
| FY2023 | 31 Dec 2023 | $295.9M | -$126.9M | -$118.1M | -$2.09 | -$34.3M | 10-K filed 22 Feb 2024 |
| FY2022 | 31 Dec 2022 | $276.2M | -$140.0M | -$137.4M | -$2.63 | -$37.4M | 10-K filed 28 Feb 2023 |
| FY2021 | 31 Dec 2021 | $241.9M | -$143.7M | -$153.2M | -$3.23 | -$33.6M | 10-K filed 1 Mar 2022 |
By quarter
| Quarter | Quarter end | Revenue | Net income | EPS |
|---|---|---|---|---|
| Q2 FY2026 | 30 Jun 2026 | $70.5M | -$40.5M | -$0.55 |
| Q1 FY2026 | 31 Mar 2026 | $70.8M | -$111.0M | -$1.53 |
| Q4 FY2025 | 31 Dec 2025 | $74.7M | -$91.0M | -$1.28 |
| Q3 FY2025 | 30 Sep 2025 | $76.3M | -$22.2M | -$0.32 |
| Q2 FY2025 | 30 Jun 2025 | $80.7M | -$41.0M | -$0.59 |
| Q1 FY2025 | 31 Mar 2025 | $79.4M | -$23.7M | -$0.35 |
| Q4 FY2024 | 31 Dec 2024 | $79.6M | -$20.7M | -$0.33 |
| Q3 FY2024 | 30 Sep 2024 | $76.4M | -$14.7M | -$0.24 |
Revenue by segment
As the company reports it in the segment note of its annual report.
By business, FY2025
| Segment | Revenue | Share |
|---|---|---|
| Technology | $208.3M | 66.9% |
| Professional Services | $102.9M | 33.1% |
Company events
The newest 8-K filings of 73 held.
| Filed | Form | Event | Items |
|---|---|---|---|
| 14 Sep 2026 | 8-K | Leadership change, Investor update | 5.02, 7.01, 9.01 |
| 8 Sep 2026 | 8-K | Leadership change, Investor update | 5.02, 7.01, 9.01 |
| 6 Aug 2026 | 8-K | Results, Deal completed, Agreement ended, Investor update | 1.02, 2.01, 2.02, 7.01, 9.01 |
| 20 Jul 2026 | 8-K | Shareholder vote | 5.07 |
| 4 Jun 2026 | 8-K | Material agreement, Investor update | 1.01, 7.01, 9.01 |
| 11 May 2026 | 8-K | Results | 2.02, 9.01 |
| 30 Apr 2026 | 8-K | Leadership change, Investor update | 5.02, 7.01, 9.01 |
| 27 Apr 2026 | 8-K | Leadership change, Other events | 5.02, 8.01, 9.01 |
| 3 Apr 2026 | 8-K | Leadership change | 5.02, 9.01 |
| 12 Mar 2026 | 8-K | Results | 2.02, 9.01 |
| 18 Feb 2026 | 8-K | Leadership change, Investor update | 5.02, 7.01, 9.01 |
| 23 Jan 2026 | 8-K | Leadership change | 5.02 |
Every filing
The newest filings with the SEC of 167 held.
| Filed | Form | Period |
|---|---|---|
| 14 Sep 2026 | S-8 | – |
| 14 Sep 2026 | 8-K | 11 Sep 2026 |
| 8 Sep 2026 | 8-K | 4 Sep 2026 |
| 6 Aug 2026 | 10-Q | 30 Jun 2026 |
| 6 Aug 2026 | 8-K | 31 Jul 2026 |
| 20 Jul 2026 | 8-K | 16 Jul 2026 |
| 4 Jun 2026 | 8-K | 4 Jun 2026 |
| 3 Jun 2026 | DEFA14A | – |
| 3 Jun 2026 | DEF 14A | 31 Dec 2025 |
| 19 May 2026 | PRE 14A | 31 Dec 2025 |
| 11 May 2026 | 10-Q | 31 Mar 2026 |
| 11 May 2026 | 8-K | 11 May 2026 |
Insider trades
Form 4 trades by officers, directors and 10% owners, last 12 months.
| Traded | Insider | Type | Shares | Price | Value | Held after | Form 4 |
|---|---|---|---|---|---|---|---|
| 14 Sep 2026 | Kohl Simeon, Chief Executive Officer | Purchase | 59,000 | $1.79 | $105.4K | 2,856,385 | 16 Sep 2026 |
| 5 Dec 2025 | Landry Benjamin, General Counsel | Sale under a trading plan | 27,425 | $2.64 | $72.3K | 100,000 | 9 Dec 2025 |
| 4 Dec 2025 | Larson-Green Julie, Director | Sale outside a trading plan | 47,997 | $2.67 | $128.3K | 73,573 | 9 Dec 2025 |
Planned insider sales
Form 144 notices, filed when the sell order goes to the broker.
| Filed | Seller | Shares | Value | Planned sale |
|---|---|---|---|---|
| 10 Sep 2026 | Benjamin Albert, Officer | 35,244 | $59.0K | 10 Sep 2026 |
| 1 Sep 2026 | Benjamin Albert, Officer | 321 | $547 | 1 Sep 2026 |
| 1 Sep 2026 | Benjamin Landry, Officer | 13,167 | $22.4K | 1 Sep 2026 |
| 1 Sep 2026 | Jason Alger, Officer | 17,973 | $30.6K | 1 Sep 2026 |
| 10 Jun 2026 | Benjamin Albert, Officer | 34,485 | $58.3K | 10 Jun 2026 |
| 1 Jun 2026 | Benjamin Albert, Officer | 336 | $460 | 1 Jun 2026 |
| 1 Jun 2026 | Linda Llewelyn, Officer | 8,519 | $11.7K | 1 Jun 2026 |
| 1 Jun 2026 | Benjamin Landry, Officer | 13,779 | $18.9K | 1 Jun 2026 |
| 1 Jun 2026 | Jason Alger, Officer | 18,804 | $25.8K | 1 Jun 2026 |
| 1 May 2026 | Benjamin Albert, Officer | 310 | $417 | 1 May 2026 |
Large holders
Schedule 13D and 13G filings by holders of more than 5% of the voting shares.
| Filed | Holder | Schedule | Stake | Shares |
|---|---|---|---|---|
| 8 Sep 2026 | Palogic Value Management, LP | 13D amended | 7.1% | 5.4M |
| 14 Aug 2026 | Stoney Lonesome HF LP | 13G amended | 9.6% | 7.1M |
| 28 Jul 2026 | BlackRock, Inc. | 13G amended | 1.5% | 1.1M |
| 21 Jul 2026 | Impax Asset Management Group plc | 13G | 5.4% | 4.0M |
| 22 Jun 2026 | Palogic Value Management, LP | 13D | 6.7% | 4.9M |
| 8 Jun 2026 | Whetstone Capital Advisors, LLC | 13D amended | 4.5% | 3.3M |
| 15 May 2026 | Stoney Lonesome HF LP | 13G amended | 8.6% | 6.3M |
| 27 Mar 2026 | The Vanguard Group | 13G amended | 0% | 0 |
| 13 Mar 2026 | First Light Asset Management, LLC | 13D amended | 18.3% | 13.5M |
| 18 Feb 2026 | Whetstone Capital Advisors, LLC | 13D amended | 8.2% | 5.8M |
Short interest
Shares sold short and not yet bought back, on each FINRA settlement date.
| Settlement | Shares short | Change | Days to cover |
|---|---|---|---|
| 15 Oct 2026 | 2.1M | -6.56% | 4.36 |
| 30 Sep 2026 | 2.2M | +9.07% | 5.2 |
| 15 Sep 2026 | 2.0M | +3.96% | 3.93 |
| 31 Aug 2026 | 2.0M | -14.8% | 4.09 |
| 14 Aug 2026 | 2.3M | -23.3% | 1.64 |
| 31 Jul 2026 | 3.0M | -18.08% | 6.06 |
| 15 Jul 2026 | 3.6M | -20.7% | 3.78 |
| 30 Jun 2026 | 4.6M | -27.6% | 2.12 |
Funds that hold it
From each fund's latest Form 13F.
162 funds held it at 30 Jun 2026: 65 added and 43 trimmed in the quarter. The largest:
| Fund | Shares | Value | Change in the quarter |
|---|---|---|---|
| First Light Asset Management, LLC | 12,810,861 | $25.5M | -67,839 |
| Palogic Value Management, L.P. | 9,844,884 | $19.6M | – |
| CDC Financial, Inc. | 7,092,698 | $14.1M | +785,644 |
| Impax Asset Management Group plc | 4,000,000 | $8.0M | +1,250,000 |
| Nepsis Inc. | 2,976,187 | $5.9M | +1,099,898 |
| Vanguard Capital Management LLC | 2,971,598 | $5.9M | +85,945 |
| BlackRock, Inc. | 1,836,373 | $3.7M | -3,301,649 |
| Jane Street Group, LLC | 1,037,782 | $2.1M | +1,011,214 |
| Dimensional Fund Advisors LP | 911,819 | $1.8M | -323,051 |
| Geode Capital Management, LLC | 891,357 | $1.8M | -610,076 |
Peers
Companies in the same industry.
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- Meta Platforms, Inc. (META): revenue $241.6B, market value $1.57T
- AppLovin Corp. (APP): revenue –, market value $76.6B
- Zoom Communications, Inc. (ZM): revenue $5.0B, market value $27.9B
- Baidu, Inc. (BIDU): revenue $18.0B, market value $26.0B
- Flutter Entertainment plc (FLUT): revenue $17.2B, market value $14.3B
- Tempus AI, Inc. (TEM): revenue $1.4B, market value $13.0B
- Factset Research Systems Inc. (FDS): revenue $2.5B, market value $11.6B