Health Catalyst, Inc. income statement
In fiscal 2025, Health Catalyst, Inc. reported revenue of $311m, up 1.5% on the year before, operating income of −$161m (a -51.7% margin) and net income of −$178m, or −$2.55 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 73 | 113 | 155 | 189 | 242 | 276 | 296 | 307 | 311 | 292 |
| Research and development | 28 | 39 | 46 | 54 | 63 | 76 | 73 | 58 | 50 | 43 |
| Selling and marketing | 26 | 44 | 47 | 55 | 75 | 88 | 67 | 54 | 52 | 45 |
| General and administrative | 15 | 23 | 32 | 59 | 86 | 62 | 77 | 57 | 50 | 53 |
| Operating income | −46 | −60 | −55 | −96 | −144 | −140 | −127 | −70 | −161 | −247 |
| Provision for credit losses | — | 0 | 0 | 1 | 0 | 1 | 2 | 1 | 2 | 1 |
| Income before tax | — | — | — | — | — | — | −118 | −69 | −177 | — |
| Income tax | 0 | −0 | 0 | −1 | −7 | −4 | 0 | 0 | 1 | 1 |
| Net income | −47 | −62 | −60 | −115 | −153 | −137 | −118 | −70 | −178 | −265 |
| Diluted EPS | −$1.52 | −$2.97 | −$6.43 | −$2.91 | −$3.23 | −$2.63 | −$2.09 | −$1.15 | −$2.55 | −$3.68 |
| Diluted shares (average) | 39m | 38m | 37m | 40m | 47m | 54m | 56m | 60m | 70m | 72m |
| EBITDA | −40 | −53 | −46 | −77 | −106 | −92 | −85 | −28 | −110 | −198 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 76 | 80 | 79 | 81 | 76 | 75 | 71 | 70 |
| Gross profit | 36 | — | — | — | 40 | — | — | — |
| Research and development | 14 | 15 | 15 | 12 | 12 | 10 | 10 | 11 |
| Selling and marketing | 11 | 11 | 15 | 13 | 14 | 10 | 11 | 10 |
| General and administrative | 12 | 16 | 14 | 8 | 16 | 11 | 14 | 12 |
| Operating income | −14 | −18 | −20 | −37 | −18 | −86 | −106 | −36 |
| Provision for credit losses | −0 | −2 | 1 | 0 | 0 | 0 | 1 | 0 |
| Income tax | −0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | −15 | −21 | −24 | −41 | −22 | −91 | −111 | −41 |
| Diluted EPS | −$0.24 | −$0.33 | −$0.35 | −$0.59 | −$0.32 | −$1.30 | −$1.53 | −$0.55 |
| EBITDA | −4 | −7 | −8 | −24 | −5 | −73 | −94 | −26 |
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