Definitive Healthcare Corp
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 7, 2024
DH$1.19+6.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations (Unaudited)
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except share amounts and per share data)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenue | $62,697 | $65,325 | $189,914 | $185,483 |
| Cost of revenue: | ||||
| Cost of revenue exclusive of amortization | 10,077 | 8,663 | 29,717 | 25,293 |
| Amortization | 3,589 | 3,232 | 10,330 | 9,676 |
| Gross profit | 49,031 | 53,430 | 149,867 | 150,514 |
| Operating expenses: | ||||
| Sales and marketing | 20,130 | 22,804 | 63,435 | 70,929 |
| Product development | 7,282 | 10,759 | 27,536 | 30,872 |
| General and administrative | 11,354 | 14,545 | 40,764 | 42,294 |
| Depreciation and amortization | 9,474 | 9,795 | 28,205 | 29,073 |
| Transaction, integration, and restructuring expenses | (1,995) | 3,505 | 9,390 | 9,666 |
| Goodwill impairment | 228,153 | 287,400 | 591,794 | 287,400 |
| Total operating expenses | 274,398 | 348,808 | 761,124 | 470,234 |
| Loss from operations | (225,367) | (295,378) | (611,257) | (319,720) |
| Other income (expense), net: | ||||
| Interest income | 3,742 | 3,464 | 11,386 | 9,870 |
| Interest expense | (3,749) | (3,897) | (11,328) | (11,304) |
| Gain on remeasurement of tax receivable agreement liability | 24,183 | 29,675 | 68,151 | 24,977 |
| Other (expense) income, net | (357) | (86) | (85) | 184 |
| Total other income, net | 23,819 | 29,156 | 68,124 | 23,727 |
| Net loss before income taxes | (201,548) | (266,222) | (543,133) | (295,993) |
| Benefit from income taxes | 13,724 | 17,534 | 36,404 | 19,728 |
| Net loss | (187,824) | (248,688) | (506,729) | (276,265) |
| Less: Net loss attributable to noncontrolling interests | (56,928) | (77,162) | (152,680) | (84,110) |
| Net loss attributable to Definitive Healthcare Corp. | $(130,896) | $(171,526) | $(354,049) | $(192,155) |
| Net loss per share of Class A Common Stock: | ||||
| Basic and diluted | $(1.12) | $(1.50) | $(3.02) | $(1.72) |
| Weighted average Class A Common Stock outstanding: | ||||
| Basic and diluted | 116,382,021 | 114,527,514 | 117,185,701 | 111,533,166 |
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