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Healthcare Triangle, Inc. (HCTI) 10-Year Financial Performance & Capital Metrics

HCTI • • Industrial / General
HealthcareHealthcare ITHealthcare Data Analytics & AIAI-Powered Clinical Analytics
AboutHealthcare Triangle, Inc., a healthcare information technology company, focuses on developing solutions in the sectors of cloud services, data science, and professional and managed services. It provides a suite of software, solutions, platforms, and services that enables healthcare and pharma organizations to deliver personalized healthcare, precision medicine, advances in drug discovery, development and efficacy, collaborative research and development, respond to evidence, and enhance the digital transformation. The company's software platforms include CloudEz, an enterprise multi-cloud transformation and management platform that enables customers to manage their cloud infrastructure across private, hybrid, and public cloud infrastructures; and DataEz, a cloud-based data analytics and data science platform for the data analytics and data science requirements of life sciences/pharmaceutical and healthcare provider organizations. It also provides Readabl.AI, a Software-as-a-Service solution that uses public cloud artificial intelligence and machine learning to recognize and extract healthcare information from documents, faxes, and narrative reports. In addition, it offers cloud IT services; and healthcare IT services, such as electronic health records and software implementation, optimization, and extension to community partners, as well as application managed services, and backup and disaster recovery on public cloud. The company primarily serves healthcare delivery organizations, healthcare insurance companies, pharmaceutical and life sciences, biotech companies, and medical device manufacturers. Healthcare Triangle, Inc. was incorporated in 2019 and is based in Pleasanton, California. Healthcare Triangle, Inc. operates as a subsidiary of SecureKloud Technologies, Inc.Show more
  • Revenue $12M -64.8%
  • EBITDA -$4M +6.2%
  • Net Income -$6M +51.6%
  • EPS (Diluted) -281.58 +45.6%
  • Gross Margin 24.71% +21.1%
  • EBITDA Margin -33.02% -166.4%
  • Operating Margin -40.62% -18.9%
  • Net Margin -51.03% -37.3%
  • ROE -
  • ROIC -626.78% -528.9%
  • Debt/Equity -
  • Interest Coverage -3.92 +66.6%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Efficient asset utilization: 6.0x turnover

✗Weaknesses

  • ✗Weak Piotroski F-Score: 3/9
  • ✗Negative free cash flow
  • ✗Weak momentum: RS Rating 1 (bottom 1%)
  • ✗Low quality earnings: Net income not backed by cash flow
  • ✗Sales declining 16.5% over 5 years
  • ✗Shares diluted 26.3% in last year

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y-16.46%
3Y-30.78%
TTM-21.88%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM36.48%

EPS CAGR

10Y-
5Y-
3Y-
TTM45.36%

ROCE

10Y Avg-126.04%
5Y Avg-167.51%
3Y Avg-275.72%
Latest-626.78%

Peer Comparison

AI-Powered Clinical Analytics
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Size & Scale
Valuation
Per Share
Growth
Profitability
Quality & Returns
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Momentum & Returns
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Technical
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
FOXOFOXO Technologies Inc.175.02K0.00-0.0026.89%-66.46%-48.71%2.70
HCTIHealthcare Triangle, Inc.3.27M0.45-0.00-64.77%-48.85%-72.45%
BFRGWBullfrog AI Holdings, Inc. Warrants2.05M0.20-0.23-100%-57.71%-346.39%
BFRGBullfrog AI Holdings, Inc. Common Stock8.66M0.76-0.89-100%-57.71%-346.39%

Profit & Loss

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+28.74M31.34M35.27M45.89M33.2M11.7M
Revenue Growth %-0.09%0.13%0.3%-0.28%-0.65%
Cost of Goods Sold+22.89M22.75M24.75M34.59M26.43M8.81M
COGS % of Revenue0.8%0.73%0.7%0.75%0.8%0.75%
Gross Profit+5.85M8.59M10.52M11.29M6.78M2.89M
Gross Margin %0.2%0.27%0.3%0.25%0.2%0.25%
Gross Profit Growth %-0.47%0.23%0.07%-0.4%-0.57%
Operating Expenses+4.18M7.41M15.88M21.71M18.13M7.64M
OpEx % of Revenue0.15%0.24%0.45%0.47%0.55%0.65%
Selling, General & Admin2.39M4.86M9.2M12.38M10.09M6.15M
SG&A % of Revenue0.08%0.16%0.26%0.27%0.3%0.53%
Research & Development1.01M1.74M5.26M5.95M799K429K
R&D % of Revenue0.04%0.06%0.15%0.13%0.02%0.04%
Other Operating Expenses776.13K803.19K1.42M3.37M7.23M1.06M
Operating Income+1.67M1.18M-5.36M-10.42M-11.35M-4.75M
Operating Margin %0.06%0.04%-0.15%-0.23%-0.34%-0.41%
Operating Income Growth %--0.29%-5.55%-0.94%-0.09%0.58%
EBITDA+2.45M1.98M-3.94M-7.04M-4.12M-3.86M
EBITDA Margin %0.09%0.06%-0.11%-0.15%-0.12%-0.33%
EBITDA Growth %--0.19%-2.99%-0.79%0.42%0.06%
D&A (Non-Cash Add-back)776.13K803.19K1.42M3.37M7.23M889K
EBIT1.67M1.18M-5.36M-9.34M-11.34M-4.74M
Net Interest Income+-52.58K-78.65K-567K-212K-968K-1.21M
Interest Income000000
Interest Expense52.58K78.65K567K212K968K1.21M
Other Income/Expense-52.58K1.43M-565.95K869K-956K-1.21M
Pretax Income+1.62M2.61M-5.92M-9.55M-12.3M-5.96M
Pretax Margin %0.06%0.08%-0.17%-0.21%-0.37%-0.51%
Income Tax+444.37K257.38K24K63K35K12K
Effective Tax Rate %0.73%0.9%1%1.01%1%1%
Net Income+1.17M2.35M-5.95M-9.61M-12.34M-5.97M
Net Margin %0.04%0.08%-0.17%-0.21%-0.37%-0.51%
Net Income Growth %-1.01%-3.53%-0.62%-0.28%0.52%
Net Income (Continuing)1.17M2.35M-5.95M-9.61M-12.34M-5.97M
Discontinued Operations000000
Minority Interest000000
EPS (Diluted)+82.94166.56-503.45-966.64-517.53-281.58
EPS Growth %-1.01%-4.02%-0.92%0.46%0.46%
EPS (Basic)82.94166.56-503.45-966.64-517.53-281.58
Diluted Shares Outstanding14.13K14.13K11.82K14.85K16.78K21.2K
Basic Shares Outstanding14.13K14.13K11.82K14.85K16.78K21.2K
Dividend Payout Ratio------

Balance Sheet

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+5.29M8.03M11.8M7.75M5.73M1.45M
Cash & Short-Term Investments974.83K1.4M1.77M1.34M1.23M20K
Cash Only974.83K1.4M1.77M1.34M1.23M20K
Short-Term Investments000000
Accounts Receivable4.17M6.4M9.67M5.59M3.24M1.11M
Days Sales Outstanding52.9774.5100.144.4835.5734.64
Inventory000000
Days Inventory Outstanding------
Other Current Assets146.3K228.85K361.48K816K1.26M322K
Total Non-Current Assets+2.96M3.08M12.81M13.01M4.32M509K
Property, Plant & Equipment41.65K15.79K246.32K80K44K12K
Fixed Asset Turnover690.02x1985.24x143.19x573.58x754.61x974.67x
Goodwill001.29M1.29M00
Intangible Assets2.92M2.62M10.46M10.57M3.97M0
Long-Term Investments0445K816.24K1.07M304K497K
Other Non-Current Assets0445K816.24K1.07M00
Total Assets+8.25M11.11M24.61M20.76M10.05M1.96M
Asset Turnover3.48x2.82x1.43x2.21x3.30x5.96x
Asset Growth %-0.35%1.22%-0.16%-0.52%-0.8%
Total Current Liabilities+6.2M6.78M6.25M6.15M8.12M7.08M
Accounts Payable5.1M4.35M1.87M1.48M1.95M2.54M
Days Payables Outstanding81.3369.7827.6215.6326.98105.24
Short-Term Debt0754.4K3.28M2.41M3.43M2.65M
Deferred Revenue (Current)749.03K297.77K0000
Other Current Liabilities349.14K1.38M923.88K2.25M2.74M1.89M
Current Ratio0.85x1.18x1.89x1.26x0.71x0.21x
Quick Ratio0.85x1.18x1.89x1.26x0.71x0.21x
Cash Conversion Cycle------
Total Non-Current Liabilities+79.04K02.23M2.23M1.39M0
Long-Term Debt0000888K0
Capital Lease Obligations000000
Deferred Tax Liabilities000000
Other Non-Current Liabilities79.04K02.23M2.23M500K0
Total Liabilities6.28M6.78M8.48M8.38M9.51M7.08M
Total Debt+0754.4K3.45M2.41M4.32M2.65M
Net Debt-974.83K-648.3K1.68M1.07M3.08M2.63M
Debt / Equity-0.17x0.21x0.19x8.02x-
Debt / EBITDA-0.38x----
Net Debt / EBITDA-0.40x-0.33x----
Interest Coverage31.75x14.96x-9.45x-49.13x-11.72x-3.92x
Total Equity+1.97M4.33M16.13M12.39M538K-5.11M
Equity Growth %-1.19%2.73%-0.23%-0.96%-10.51%
Book Value per Share139.77306.321365.28834.0432.06-241.26
Total Shareholders' Equity1.97M4.33M16.13M12.39M538K-5.11M
Common Stock279279353000
Retained Earnings932.63K3.29M-2.66M-12.57M-24.91M-33.57M
Treasury Stock000000
Accumulated OCI000000
Minority Interest000000

Cash Flow

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+3.97M-734.67K-7.11M-2.6M-1.61M-1.08M
Operating CF Margin %0.14%-0.02%-0.2%-0.06%-0.05%-0.09%
Operating CF Growth %--1.19%-8.68%0.63%0.38%0.33%
Net Income1.17M2.35M-5.95M-9.61M-12.34M-5.97M
Depreciation & Amortization776.13K803.19K1.42M3.37M7.23M889K
Stock-Based Compensation0052K257K17K87K
Deferred Taxes000000
Other Non-Cash Items3.29M01.31M-928K481K1.22M
Working Capital Changes-1.27M-3.89M-3.95M4.31M3M2.69M
Change in Receivables212.99K-2.23M-3.65M4.08M2.27M2.12M
Change in Inventory-3.42M00000
Change in Payables3.42M-750.38K0-392K484K0
Cash from Investing+-3.65M-477.46K-7.63M-3.32M-13K0
Capital Expenditures-3.65M-477.46K-3.13M-3.32M-13K0
CapEx % of Revenue0.13%0.02%0.09%0.07%0%-
Acquisitions------
Investments------
Other Investing000000
Cash from Financing+01.64M15.11M5.49M1.52M-133K
Debt Issued (Net)------
Equity Issued (Net)------
Dividends Paid000000
Share Repurchases------
Other Financing000-265K0956K
Net Change in Cash------
Free Cash Flow+318.86K-734.67K-10.24M-5.92M-1.63M-1.08M
FCF Margin %0.01%-0.02%-0.29%-0.13%-0.05%-0.09%
FCF Growth %--3.3%-12.94%0.42%0.73%0.33%
FCF per Share22.57-51.99-866.56-398.51-96.82-51.00
FCF Conversion (FCF/Net Income)3.39x-0.31x1.20x0.27x0.13x0.18x
Interest Paid00567K212K968K121K
Taxes Paid0024K357K35K12K

Key Ratios

Metric201920202021202220232024
Return on Equity (ROE)59.35%74.67%-58.15%-67.38%-190.92%-
Return on Invested Capital (ROIC)125.17%37.71%-37.39%-49.95%-99.66%-626.78%
Gross Margin20.35%27.4%29.83%24.62%20.41%24.71%
Net Margin4.08%7.51%-16.87%-20.94%-37.16%-51.03%
Debt / Equity-0.17x0.21x0.19x8.02x-
Interest Coverage31.75x14.96x-9.45x-49.13x-11.72x-3.92x
FCF Conversion3.39x-0.31x1.20x0.27x0.13x0.18x
Revenue Growth-9.06%12.54%30.1%-27.64%-64.77%

Revenue by Segment

20212022
Software Services12.43M23.88M
Software Services Growth-92.14%
Managed Services And Support19M15.18M
Managed Services And Support Growth--20.13%
Platform Services3.84M4.83M
Platform Services Growth-25.76%

Frequently Asked Questions

Growth & Financials

Healthcare Triangle, Inc. (HCTI) reported $12.9M in revenue for fiscal year 2024. This represents a 55% decrease from $28.7M in 2019.

Healthcare Triangle, Inc. (HCTI) saw revenue decline by 64.8% over the past year.

Healthcare Triangle, Inc. (HCTI) reported a net loss of $6.3M for fiscal year 2024.

Dividend & Returns

Healthcare Triangle, Inc. (HCTI) had negative free cash flow of $12.3M in fiscal year 2024, likely due to heavy capital investments.

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