undamentalytics Newsletter

Health Care Technology stocks

26 US-listed companies in health care technology, with $22.2bn of combined revenue in their latest fiscal years. Solventum is the largest ($8.3bn). The fastest grower with at least $100m of revenue in both years is Tempus AI, Inc., up 83.4%. The median company grew 8.7% with a net margin of 2.1%.

Companies26
Combined revenue$22.2bn
Median revenue growth8.7%
Median net margin2.1%
Median return on equity2.0%
#CompanyRevenueGrowthNet marginROEFiscal year
1 SolventumSOLV $8.3bn 0.9% 18.7% 38.9% 2025
2 Veeva Systems IncVEEV $3.2bn 16.3% 28.4% 13.9% 2026
3 Teladoc Health, Inc.TDOC $2.5bn −1.5% −7.9% −13.9% 2025
4 Tempus AI, Inc.TEM $1.3bn 83.4% −19.3% −89.5% 2025
5 Omnicell, Inc.OMCL $1.2bn 6.5% 0.2% 0.2% 2025
6 Waystar Holding Corp.WAY $1.1bn 16.5% 10.2% 3.2% 2025
7 Goodrx Holdings, Inc.GDRX $797m 0.6% 3.8% 4.5% 2025
8 Doximity, Inc.DOCS $645m 13.1% 30.4% 19.3% 2026
9 Hinge Health, Inc.HNGE $588m 50.6% −89.9% — 2025
10 Phreesia, Inc.PHR $481m 14.5% 0.5% 0.8% 2026
11 Genedx Holdings Corp.WGS $428m 40.0% −4.9% −7.6% 2025
12 Health Catalyst, Inc.HCAT $311m 1.5% −57.2% −58.3% 2025
13 Healthstream IncHSTM $304m 4.3% 6.0% 5.1% 2025
14 American Well CorpAMWL $249m −2.0% −38.4% −35.4% 2025
15 Definitive Healthcare Corp.DH $242m −4.2% −57.5% −28.2% 2025
16 Lifemd, Inc.LFMD $194m 25.3% 7.4% — 2025
17 Carecloud, Inc.CCLD $120m 8.7% 9.0% 19.8% 2025
18 Optimizerx CorpOPRX $109m 18.8% 4.7% 4.2% 2025
19 Sophia Genetics SASOPH $77m 18.6% −102.2% −110.0% 2025
20 Datameds AI, Inc.MEDS $23m 28.7% −433.9% — 2025
21 Dariohealth Corp.DRIO $22m −17.3% −186.6% −59.6% 2025
22 Healthcare Triangle, Inc.HCTI $14m 18.8% −68.2% — 2025
23 Mobile-health Network SolutionsMNDR $8m 1.2% −41.2% −51.0% 2026
24 Scworx Corp.WORX $3m −3.7% −154.4% −76.3% 2025
25 Onemednet CorpONMD $1m 111.4% −206.1% — 2025
26 Firefly Neuroscience, Inc.AIFF $1m 957.4% −1741.0% — 2025

Medians cover companies with at least $100m of revenue (growth: in both years). Growth is the latest fiscal year against the year before and includes acquisitions.

Other health care industries

Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.