Definitive Healthcare Corp.
For the period ended Sep 30, 2025. Filed Nov 6, 2025.
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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, 2025 · Filed Nov 6, 2025
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 Cash Flows (Unaudited)
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash flows provided by (used in) operating activities: | ||
| Net loss | $(182,150) | $(506,729) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | ||
| Depreciation and amortization | 2,312 | 1,719 |
| Amortization of intangible assets | 39,903 | 36,816 |
| Amortization of deferred contract costs | 11,931 | 11,463 |
| Equity-based compensation | 20,983 | 30,720 |
| Amortization of debt issuance costs | 380 | 527 |
| Write-off of deferred offering costs | 467 | — |
| (Recovery of) provision for doubtful accounts receivable | (635) | 947 |
| Loss on partial extinguishment of debt | 507 | — |
| Non-cash restructuring charges | 352 | 1,047 |
| Goodwill impairment charges | 176,531 | 591,794 |
| TRA remeasurement | (10,623) | (68,151) |
| Changes in fair value of contingent consideration | (3,970) | (3,240) |
| Deferred income taxes | (10,310) | (36,609) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 19,351 | 23,148 |
| Prepaid expenses and other assets | (3,481) | (7,205) |
| Deferred contract costs | (9,376) | (8,275) |
| Contingent consideration | — | (602) |
| Accounts payable, accrued expenses, and other liabilities | 353 | (5,173) |
| Deferred revenue | (1,468) | (12,136) |
| Net cash provided by operating activities | 51,057 | 50,061 |
| Cash flows (used in) provided by investing activities: | ||
| Purchases of property, equipment, and other assets | (12,280) | (1,443) |
| Purchases of short-term investments | (64,065) | (192,670) |
| Maturities of short-term investments | 173,869 | 207,504 |
| Cash paid for acquisitions, net of cash acquired | — | (13,530) |
| Net cash provided by (used in) investing activities | 97,524 | (139) |
| Cash flows (used in) provided by financing activities: | ||
| Repayments of term loan | (250,625) | (10,313) |
| Proceeds from term loan | 175,000 | — |
| Payments of debt issuance costs | (1,660) | — |
| Taxes paid related to net share settlement of equity awards | (3,546) | (7,270) |
| Repurchases of Class A Common Stock | (49,452) | (15,037) |
| Payments of contingent consideration | — | (1,000) |
| Payments under TRA | (13,767) | (6,950) |
| Member distributions | (2,827) | (2,811) |
| Net cash used in financing activities | (146,877) | (43,381) |
| Net increase in cash and cash equivalents | 1,704 | 6,541 |
| Effect of exchange rate changes on cash and cash equivalents | 1,235 | 92 |
| Cash and cash equivalents, beginning of period | 105,378 | 130,976 |
| Cash and cash equivalents, end of period | $108,317 | $137,609 |
| Supplemental cash flow disclosures: | ||
| Cash paid during the period for: | ||
| Interest | $8,071 | $10,886 |
| Income taxes | $208 | $— |
| Acquisitions: | ||
| Net assets acquired, net of cash acquired | $— | $13,675 |
| Working capital adjustment receivable | — | (145) |
| Net cash paid for acquisitions | $— | $13,530 |
| Supplemental disclosure of non-cash investing activities: | ||
| Capital expenditures included in accounts payable and accrued expenses and other liabilities | $6,711 | $1,085 |
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