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    Health Catalyst Inc (HCAT)

    Updated May 7, 2025, 11:02 PM UTC
    Income Statement - MetricQ2 2019Q3 2019FY 2019Q1 2020Q2 2020Q3 2020FY 2020Q1 2021Q2 2021Q3 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Revenue: Technology (USD, thousands)47,100.00187,58346,96647,635.0048,653.0051,598.00194,85251,482
    Revenue: Professional services (USD, thousands)27,984.00108,35527,75728,267.0027,700.0028,008.00111,73227,931
    Total revenue (USD, thousands)75,084.00295,93874,72375,902.0076,353.0079,606.00306,58479,413
    Cost of revenue, excluding depreciation and amortization: Technology (USD, thousands)16,719.0062,47415,31516,067.0017,609.0018,821.0067,81217,565
    Cost of revenue, excluding depreciation and amortization: Professional services (USD, thousands)27,857.00101,63123,20223,993.0024,704.0026,094.0097,99325,613
    Total cost of revenue, excluding depreciation and amortization (USD, thousands)44,576.00164,10538,51740,060.0042,313.0044,915.00165,80543,178
    Operating expenses: Sales and marketing (USD, thousands)17,271.0067,32119,05812,745.0011,342.0011,242.0054,38714,738
    Operating expenses: Research and development (USD, thousands)20,288.0072,62714,87113,884.0014,193.0015,002.0057,95015,186
    Operating expenses: General and administrative (USD, thousands)15,430.0076,55914,56414,363.0012,209.0015,681.0056,81714,162
    Operating expenses: Depreciation and amortization (USD, thousands)10,304.0042,22310,52510,657.009,983.0010,266.0041,43112,320
    Total operating expenses (USD, thousands)63,293.00258,73059,01851,649.0047,727.0052,191.00210,58556,406
    Loss from operations (USD, thousands)(32,785.00)(126,897)(22,812)(15,807.00)(13,687.00)(17,500.00)(69,806)(20,171)
    Interest and other income (expense), net (USD, thousands)2,616.009,1062,3382,361.00(1,514.00)(2,548.00)637(3,356)
    Loss before income taxes (USD, thousands)(30,169.00)(117,791)(20,474)(13,446.00)(15,201.00)(20,048.00)(69,169)(23,527)
    Income tax provision (benefit) (USD, thousands)143.0035611370.00(475.00)625.00333215
    Net loss (USD, thousands)(30,312.00)(118,147)(20,587)(13,516.00)(14,726.00)(20,673.00)(69,502)(23,742)
    Net loss per share, basic (USD)(0.52)(2.09)(0.35)(0.23)(0.24)(0.33)(1.15)(0.35)
    Net loss per share, diluted (USD)(0.52)(2.09)(0.35)(0.23)(0.24)(0.33)(1.15)(0.35)
    Weighted-average shares outstanding used in calculating net loss per share, basic (thousands)356.0056,41858,592356.00501.00736.0060,18568,552,084
    Weighted-average shares outstanding used in calculating net loss per share, diluted (thousands)356.0056,41858,592356.00501.00736.0060,18568,552,084
    Balance Sheet - MetricQ2 2019Q3 2019FY 2019Q1 2020Q2 2020Q3 2020FY 2020Q1 2021Q2 2021Q3 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Cash and cash equivalents (USD, thousands)106,276106,276201,370201,895328,327249,645249,645-
    Short-term investments (USD, thousands)211,452211,452126,415106,36158,929142,355142,355-
    Accounts receivable, net (USD, thousands)60,29060,29053,87454,89851,64857,18257,182-
    Prepaid expenses and other assets (USD, thousands)15,37915,37915,47712,91318,51016,46816,468-
    Total current assets (USD, thousands)393,397393,397397,136376,067457,414465,650465,650-
    Property and equipment, net (USD, thousands)25,71225,71224,69725,55527,90829,39429,394-
    Intangible assets, net (USD, thousands)73,38473,38466,21766,76376,46386,05286,052-
    Operating lease right-of-use assets (USD, thousands)13,92713,92712,00311,62711,22212,05812,058-
    Goodwill (USD, thousands)190,652190,652190,652206,295234,387259,759259,759-
    Other assets (USD, thousands)4,7424,7424,4075,4135,6566,0166,016-
    Total assets (USD, thousands)701,814701,814695,112691,720813,050858,929858,929-
    Accounts payable (USD, thousands)6,6416,6415,69710,59914,27811,43311,433-
    Accrued liabilities (USD, thousands)23,28223,28219,61418,04823,54826,34026,340-
    Deferred revenue, current (USD, thousands)55,75355,75363,55056,35552,20253,28153,281-
    Operating lease liabilities, current (USD, thousands)3,3583,3583,3473,3353,3293,6143,614-
    Current portion of long-term debt (USD, thousands)----230,423231,182231,182-
    Contingent consideration liabilities, current (USD, thousands)---894----
    Convertible senior notes, net, current portion (USD, thousands)---228,793----
    Total current liabilities (USD, thousands)89,03489,03492,208318,024323,780325,850325,850-
    Long-term debt, net of current portion (USD, thousands)----114,611151,178151,178-
    Convertible senior notes (USD, thousands)228,034228,034228,413-----
    Convertible senior notes, net of current portion (USD, thousands)--------
    Deferred revenue, net of current portion (USD, thousands)77,10577,1058151258249249-
    Operating lease liabilities, net of current portion (USD, thousands)17,67617,67617,11216,54015,96916,29116,291-
    Other liabilities (USD, thousands)74,12174,121881033,395154154-
    Total liabilities (USD, thousands)334,895334,895337,902334,718458,013493,722493,722-
    Preferred stock, $ 0.001 par value per share; 25,000,000 shares authorized and no shares issued and outstanding (USD, thousands)00------
    Common stock, $ 0.001 par value per share, and additional paid-in capital (USD, thousands)1,484,0561,484,0561,495,0911,508,4371,521,1461,552,7141,552,714-
    Accumulated deficit (USD, thousands)(1,117,170)(1,117,170)(1,137,757)(1,151,273)(1,165,999)(1,186,672)(1,186,672)-
    Accumulated other comprehensive income (loss) (USD, thousands)3333(124)(162)(110)(835)(835)-
    Total stockholders’ equity (USD, thousands)366,919366,919357,210357,002355,037365,207365,207-
    Total liabilities and stockholders’ equity (USD, thousands)701,814701,814695,112691,720813,050858,929858,929-
    Cash Flow - MetricQ2 2019Q3 2019FY 2019Q1 2020Q2 2020Q3 2020FY 2020Q1 2021Q2 2021Q3 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Net loss(30,312.00)(118,147)(20,587)(13,516.00)(14,726.00)(20,673.00)(69,502)(23,742)
    Stock-based compensation expense13,011.0055,75610,8388,966.009,512.0010,812.0040,1287,543
    Depreciation and amortization10,304.0042,22310,52510,657.009,983.0010,266.0041,43112,320
    Investment discount and premium accretion(2,904.00)(9,720)(1,965)(1,183.00)(751.00)(858.00)(4,757)(914)
    Impairment of long-lived assets1,400.004,0812,2000.000.000.002,200
    Non-cash operating lease expense718.002,990781653.00547.00704.002,685735
    Provision for expected credit losses195.001,8212,4051,033.00(5.00)(2,231.00)1,202810
    Amortization of debt discount, issuance costs, and deferred financing costs379.001,511379380.001,319.001,178.003,2561,208
    Deferred tax provision (benefit)2.008142.00(533.00)594.007767
    Other (operating activities)(34.00)6748.0075.0054.00141(292)
    Change in operating assets and liabilities: Accounts receivable, net(13,922.00)(13,663)4,011(1,964.00)4,257.00(2,023.00)4,281(6,067)
    Change in operating assets and liabilities: Prepaid expenses and other assets(221.00)1643001,622.00(2,539.00)567.00(50)764
    Change in operating assets and liabilities: Accounts payable, accrued liabilities, and other liabilities3,021.004,868(5,495)3,115.007,190.00771.005,581(7,196)
    Change in operating assets and liabilities: Deferred revenue201.00(1,487)7,801(7,300.00)(5,760.00)(1,753.00)(7,012)15,988
    Change in operating assets and liabilities: Operating lease liabilities(879.00)(3,552)(945)(861.00)(719.00)(935.00)(3,460)(944)
    Net cash provided by (used in) operating activities(19,041.00)(33,080)10,2661,612.006,208.00(3,527.00)14,559280
    Cash flows from investing activities: Proceeds from the sale and maturity of short-term investments80,700.00336,801137,00021,200.0048,288.0035,579.00242,067143,208
    Cash flows from investing activities: Purchases of short-term investments(36,388.00)(290,836)(50,197)0.000.00(118,110.00)(168,307)
    Cash flows from investing activities: Capitalization of internal-use software(2,626.00)(11,957)(2,530)(3,757.00)(3,571.00)(4,416.00)(14,274)(4,661)
    Cash flows from investing activities: Acquisition of businesses, net of cash acquired-(11,392)--(36,230.00)(25,388.00)(80,277)(41,122)
    Cash flows from investing activities: Purchases of property and equipment(255.00)(1,236)(208)(290.00)(705.00)(413.00)(1,616)(670)
    Cash flows from investing activities: Purchases of intangible assets(132.00)(1,118)(84)(281.00)(139.00)(4.00)(508)
    Cash flows from investing activities: Proceeds from the sale of property and equipment10.003134.003.003.00137
    Net cash provided by (used in) investing activities29,917.0020,29383,984(1,783.00)7,646.00(112,749.00)(22,902)96,762
    Cash flows from financing activities: Repayment of debt------(959)(407)
    Cash flows from financing activities: Proceeds from employee stock purchase plan382.003,588843588.00630.00350.002,411695
    Cash flows from financing activities: Proceeds from exercise of stock options13.0095020110.0039.000.00169
    Cash flows from financing activities: Repurchase of common stock0.00(1,808)-----(5,000)
    Net cash provided by (used in) financing activities395.002,730863698.00112,495.0037,690.00151,746(4,712)
    Effect of exchange rate changes on cash and cash equivalents34.0021(19)(2.00)83.00(96.00)(34)(7)
    Net increase (decrease) in cash and cash equivalents11,305.00(10,036)95,094525.00126,432.00(78,682.00)143,36992,323
    Cash and cash equivalents at beginning of period116,312116,312106,276106,276106,276106,276106,276249,645
    Cash and cash equivalents at end of period106,276106,276201,370201,895328,327249,645249,645341,968
    Revenue by Segment - in Millions of USDQ2 2019Q3 2019FY 2019Q1 2020Q2 2020Q3 2020FY 2020Q1 2021Q2 2021Q3 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Technology47.08187.646.9747.63548.751.55194.85251.5
    - Recurring Technology46.68187.246.97---194.852-
    - One-time Technology0.40.40.00-----
    Professional Services28.01108.427.7628.26727.728111.73227.9
    Total Revenue74.99295.974.7275.90276.479.56306.58479.4
    Revenue by Geography - in Millions of USDQ2 2019Q3 2019FY 2019Q1 2020Q2 2020Q3 2020FY 2020Q1 2021Q2 2021Q3 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    United States--73.2---297.8-
    Other Regions--1.5---8.8-
    Total Revenue-295.974.7-76.353-306.6-
    KPIs - Metric (Unit, Scale)Q2 2019Q3 2019FY 2019Q1 2020Q2 2020Q3 2020FY 2020Q1 2021Q2 2021Q3 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Dollar-based Retention Rate (legacy) (percentage)-100----100-
    Dollar-based Retention Rate for Technology and TEMS (percentage)-100----102-
    Number of Platform Clients (count)------130-
    Net new Platform Clients (count)------21-