Health Catalyst, Inc.
For the period ended Sep 30, 2025. Filed Nov 10, 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 10, 2025
HCAT$1.44-4.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Operations for the and (unaudited)
Condensed Consolidated Statements of Operations
(in thousands, except per share data)
| Three Months EndedSeptember 30, | Nine Months EndedSeptember 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Revenue(1): | ||||
| Technology | $52,051 | $48,653 | $156,409 | $143,254 |
| Professional services | 24,272 | 27,700 | 80,048 | 83,724 |
| Total revenue | 76,323 | 76,353 | 236,457 | 226,978 |
| Cost of revenue, excluding depreciation and amortization: | ||||
| Technology | 17,203 | 17,609 | 53,120 | 48,991 |
| Professional services | 21,304 | 24,704 | 71,045 | 71,899 |
| Total cost of revenue, excluding depreciation and amortization | 38,507 | 42,313 | 124,165 | 120,890 |
| Operating expenses: | ||||
| Sales and marketing | 14,361 | 11,342 | 42,305 | 43,145 |
| Research and development | 12,281 | 14,193 | 39,859 | 42,948 |
| General and administrative | 16,069 | 12,209 | 38,515 | 41,136 |
| Depreciation and amortization | 12,614 | 9,983 | 37,618 | 31,165 |
| Goodwill impairment | — | — | 28,769 | — |
| Total operating expenses | 55,325 | 47,727 | 187,066 | 158,394 |
| Loss from operations | (17,509) | (13,687) | (74,774) | (52,306) |
| Interest and other (expense) income, net | (4,679) | (1,514) | (11,838) | 3,185 |
| Loss before income taxes | (22,188) | (15,201) | (86,612) | (49,121) |
| Income tax provision (benefit) | 41 | (475) | 337 | (292) |
| Net loss | $(22,229) | $(14,726) | $(86,949) | $(48,829) |
| Net loss per share, basic and diluted | $(0.32) | $(0.24) | $(1.25) | $(0.82) |
| Weighted-average shares outstanding used in calculating net loss per share, basic and diluted | 70,377 | 60,441 | 69,525 | 59,449 |
(1)Includes amounts attributable to related party transactions. See Note 17 for further details.
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