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HCATHealth Catalyst, Inc.
$1.46$108M
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
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HCAT logo

Health Catalyst, Inc.

HCAT
NASDAQ · Healthcare Software & Telehealth
$1.46
At close - Nov 6, 4:00 PM EST - USD
Market Cap$108M
P/E-0.5x
52W High$3.36
Volume285.77K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Shrinking Revenue Base and Persistent Losses Weigh on HCAT

Health Catalyst's revenue has stalled in a narrow $70 million to $80 million band, with the latest quarter at $70.5 million down 12.7 percent year over year, suggesting limited top-line momentum.

GrowthContracting
ProfitabilityWeak
ValuationAttractive
TechnicalsWeak
Explore valuation models
MARKET ACTION

HCAT price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

8/12 Beats

EPS beat 8 of last 12 quarters

02

Valuation risk

-102% Peers

P/E is 102% below peer median

03

Market leadership

RS 41 · Lag

Laggard (Underperforming 59% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Feb 5

Market performance

Price History →

Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
HCAT-35.96%
S&P 500 (^GSPC)+7.63%
1-Year Return
HCAT-50.68%
S&P 500 (^GSPC)+9.69%
3-Year Return
HCAT-79.83%
S&P 500 (^GSPC)+66.52%
5-Year Return
HCAT-97.19%
S&P 500 (^GSPC)+54.91%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E
-0.5x
Forward P/E
N/A
EV/EBITDA0th %ile
4.1x
FCF YieldCash Flow
23.8%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
-0.5x
N/A
N/A
EV/EBITDA
4.1x
20.0x
0th· Low
Price/FCF
4.2x
N/A
N/A
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
No DCF Model AvailableIntrinsic value modeling is not supported for this equity.

Growth & profitability

Annual revenue & EPS trend
Revenue FY25
$311M+1.5% YoY
Net income FY25
-$178M-156.1% YoY
Free cash flow FY25
-$237K+87.1% YoY
Operating margin FY25
-11.6%+11.2 pts YoY
ROIC (FY25)-6.1%
Avg ROIC 5Y-15.4%
ROE (TTM)-128.2%
Piotroski Score5 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate8/12 (67%)
Revenue Beat Rate9/12 (75%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q4 2026Latest
Nov 5, 2026
-$0.03+35.5%
vs -$0.05
$56M+1.6%
vs $55M
Q3 2026
Aug 6, 2026
$0.04+33.9%
vs $0.03
$70M+2.0%
vs $69M
Q2 2026
May 11, 2026
$0.02+100.0%
vs $0.01
$71M+2.2%
vs $69M
Q2 2026
Mar 12, 2026
$0.08-11.1%
vs $0.09
$75M+1.0%
vs $74M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
Seeking Alpha·1d ago
Health Catalyst, Inc. (HCAT) Q3 2026 Earnings Call Transcript

Health Catalyst, Inc. ( HCAT ) Q3 2026 Earnings Call November 5, 2026 5:00 PM EST Company Participants Stephanie St Clair - Senior Vice President of Finance & Investor Relations Simeon Kohl - CEO, President, Principal Executive & Operating Officer and Director Jason Alger - Chief Financial Officer Presentation Operator Welcome to the Health Catalyst Third Quarter 2026 Earnings Conference Call. [Operator Instructions] I would now like to turn the call over to Stephanie St. Clair, Senior Vice President of Finance and Investor Relations.

MarketBeat·2d ago
What Health Catalyst (HCAT) Said on Its Q3 Earnings Call

Health Catalyst NASDAQ: HCAT reported third-quarter revenue and adjusted EBITDA above its guidance ranges, but executives said client churn and cost pressures remain challenges as the healthcare technology company works to improve profitability.

Zacks Investment Research·2d ago
Health Catalyst (HCAT) Reports Q3 Loss, Beats Revenue Estimates

Health Catalyst (HCAT) came out with a quarterly loss of $0.03 per share versus the Zacks Consensus Estimate of a loss of $0.02. This compares to earnings of $0.06 per share a year ago.

Zacks Investment Research·2d ago
Here's What Key Metrics Tell Us About Health Catalyst (HCAT) Q3 Earnings

While the top- and bottom-line numbers for Health Catalyst (HCAT) give a sense of how the business performed in the quarter ended September 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Filtered for Health Catalyst, Inc.More Headlines
04

Compare before deciding

Benchmark HCAT against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Health Catalyst, Inc. (HCAT)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
HCAT logoHCATHealth Catalyst, Inc.Current
$1.46$107.89M-0.551.48%-74.24%-128.24%—
HIMS logoHIMSHims & Hers Health, Inc.
$26.00$5.8B-42.4259%-5.51%-30.03%—
DOCS logoDOCSDoximity, Inc.
$32.51$6.08B43.7013.05%21.12%14.81%—
INVA logoINVAInnoviva, Inc.
$19.10$1.41B7.1218.52%43.79%15.84%—
TDOC logoTDOCTeladoc Health, Inc.
$8.77$1.58B-10.30-1.54%-6.27%-11.63%—
PINC logoPINCPremier, Inc.
$49.42$4.09B224.64-10.86%-2.42%-1.59%1.7%

Compare HCAT vs Peers

Health Catalyst, Inc. (HCAT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs HIMS

Most directly comparable listed peer for HCAT.

Scale Benchmark

vs MSFT

Larger-name benchmark to compare HCAT against a more recognizable public peer.

Peer Set

Compare Top 5

vs HIMS, DOCS, INVA, TDOC

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

HCAT SEC Filings & Documents

Health Catalyst, Inc. (HCAT) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 6, 2026·SEC

Material company update

Jul 20, 2026·SEC

Material company update

Jun 4, 2026·SEC

10-K Annual Reports

2
FY 2026

Mar 12, 2026·SEC

FY 2025

Feb 26, 2025·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 6, 2026·SEC

FY 2026

May 11, 2026·SEC

FY 2025

Nov 10, 2025·SEC

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HCAT Frequently Asked Questions

Health Catalyst, Inc. (HCAT) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Health Catalyst, Inc.'s revenue?

Health Catalyst, Inc. (HCAT) reported $272.2M in revenue over the trailing twelve months. Revenue was $311.1M in fiscal year 2025. That is 326% more than the $73.1M of fiscal year 2017.

How fast is Health Catalyst, Inc. growing?

Health Catalyst, Inc. (HCAT) revenue fell by 13.9% over the trailing twelve months, compared with the twelve months before.

Is HCAT profitable?

No. Health Catalyst, Inc. (HCAT) reported a net loss of $202.1M over the trailing twelve months.

Dividend & Returns
What is HCAT's return on equity?

Health Catalyst, Inc. (HCAT) had a return on equity (ROE) of -128.2% over the trailing twelve months. A negative ROE means the company lost money over the period.

What is Health Catalyst, Inc.'s free cash flow?

Health Catalyst, Inc. (HCAT) generated $25.7M in free cash flow over the trailing twelve months.

What if you invested $1,000 in HCAT back in 2017?

Total return calculator · dividends reinvested · 9+ years of data

See returns →