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HCATHealth Catalyst, Inc.
$1.72$127M
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
Live BreakoutsStock ScreenerOwnership
HCAT logo

Health Catalyst, Inc.

HCAT
NASDAQ · Healthcare IT
$1.72
At close - Sep 23, 4:00 PM EDT - USD
Market Cap$127M
P/E-0.7x
52W High$3.62
Volume197.9K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q1

Persistent Operational Losses Challenge Scalability and Liquidity

Health Catalyst faces a critical inflection point as its service-heavy business model struggles to achieve sustainable profitability, evidenced by a -156.9% net margin in 2026Q1. While the company has aggressively reduced its debt from $402.4M in 2025Q1 to $18...

GrowthContracting
ProfitabilityNegative
ValuationReview
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 60 · Avg

Average momentum (RS Rating: 60)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystConfirmed earnings · Nov 9

Market performance

Price History →

Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
HCAT-24.56%
S&P 500 (^GSPC)+12.39%
1-Year Return
HCAT-39.65%
S&P 500 (^GSPC)+15.77%
3-Year Return
HCAT-82.52%
S&P 500 (^GSPC)+69.32%
5-Year Return
HCAT-96.82%
S&P 500 (^GSPC)+65.03%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E
-0.7x
Forward P/E
N/A
EV/EBITDA0th %ile
17.2x
FCF YieldCash Flow
N/A

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
-0.7x
N/A
N/A
EV/EBITDA
17.2x
20.0x
0th· Low
Price/FCF
N/A
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
$311M+1.5% YoY
Net income
-$178M-156.1% YoY
Free cash flow
-$237K+87.1% YoY
Operating margin
-11.6%+11.2 pts YoY
ROIC (TTM)-6.1%
Avg ROIC 5Y-
ROE (TTM)-58.3%
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)
Q3 2026Latest
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
Q4 2025
Nov 10, 2025
$0.06+20.0%
vs $0.05
$76M+3.0%
vs $74M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
GlobeNewsWire·Sep 14, 2026
Health Catalyst Reports Inducement Awards Under Nasdaq Listing Rule 5635(c)(4)

SALT LAKE CITY, Sept. 14, 2026 (GLOBE NEWSWIRE) -- Health Catalyst, Inc. (“Health Catalyst” or the “Company,” Nasdaq: HCAT), a healthcare intelligence company designed to accelerate measurable improvement for health systems, today announced that on September 14, 2026, the Compensation Committee of the Company's Board of Directors granted 2,747,385 restricted stock units (the “RSUs”) to Simeon Kohl under the Health Catalyst, Inc. 2026 Employment Inducement Incentive Plan (the “Inducement Plan”) in connection with Mr. Kohl's previously announced appointment as Chief Executive Officer and President of the Company effective on September 14, 2026. The awards were granted as inducement material to Mr. Kohl's entering into employment with the Company in accordance with Nasdaq Listing Rule 5635(c)(4).

PRNewsWire·Sep 14, 2026
Health Catalyst Strengthens Its Board with the Appointment of Tami Reller

Reller Joins Health Catalyst as it Enters Its Next Phase of Growth SALT LAKE CITY, Sept. 14, 2026 /PRNewswire/ -- Health Catalyst, Inc. ("Health Catalyst", NASDAQ: HCAT), a healthcare intelligence company designed to accelerate measurable improvement for health systems, today announced that Tami Reller has been appointed to its board of directors (Board), effective October 1, 2026.

GlobeNewsWire·Sep 8, 2026
Health Catalyst Appoints Simeon Kohl as Chief Executive Officer and President

SALT LAKE CITY, Sept. 08, 2026 (GLOBE NEWSWIRE) -- Health Catalyst, Inc. (“Health Catalyst” or the “Company,” Nasdaq: HCAT), a healthcare intelligence company designed to accelerate measurable improvement for health systems, today announced that Simeon Kohl has been appointed Chief Executive Officer (CEO) and President and a member of the Company's Board of Directors, effective September 14, 2026.

Defense World·Sep 2, 2026
Hsbc Holdings PLC Invests $809,000 in Health Catalyst, Inc. $HCAT

Hsbc Holdings PLC bought a new stake in Health Catalyst, Inc. (NASDAQ: HCAT) in the undefined quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 408,634 shares of the company's stock, valued at approximately $809,000. Hsbc Holdings PLC owned approximately 0.54% of Health Catalyst

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
$1.72$127.1M-0.671.48%-57.2%-58.26%—
HIMS logoHIMSHims & Hers Health, Inc.
$28.39$6.33B55.6759%-5.51%-30.03%—
DOCS logoDOCSDoximity, Inc.
$26.57$4.97B27.1113.05%25.48%16.95%—
INVA logoINVAInnoviva, Inc.
$20.24$1.49B6.1318.52%80.56%30.03%—
TDOC logoTDOCTeladoc Health, Inc.
$6.13$1.11B-5.38-1.54%-7.13%-13.08%—
PINC logoPINCPremier, Inc.
$49.33$4.08B224.23-10.86%-2.42%-1.59%—

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 GOOG

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 $292.2M in revenue for fiscal year 2025. This represents a 300% increase from $73.1M in 2017.

How fast is Health Catalyst, Inc. growing?

Health Catalyst, Inc. (HCAT) grew revenue by 1.5% over the past year. Growth has been modest.

Is HCAT profitable?

Health Catalyst, Inc. (HCAT) reported a net loss of $264.8M for fiscal year 2025.

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

Health Catalyst, Inc. (HCAT) has a return on equity (ROE) of -58.3%. Negative ROE indicates the company is unprofitable.

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

Health Catalyst, Inc. (HCAT) generated $13.1M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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

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

See returns →