Health Catalyst HCAT
NASDAQ HCAT
$1.69 -0.02 (-1.17%)
At close: Sep 4, 2026 · 4:00 PM EDT

Health Catalyst (HCAT) Cost of Revenue (2018 - 2026)

Health Catalyst's (HCAT) quarterly Cost of Revenue came in at $35.6 million in Q2 2026, down 16.13% on a YoY basis from $42.5 million in Q2 2025, and up 0.95% quarter-over-quarter from $35.3 million in Q1 2026.

Analysis

Health Catalyst (HCAT) Cost of Revenue (2018 - 2026) Analysis & Trends

Health Catalyst (HCAT) has reported Cost of Revenue for 9 consecutive years, with $35.6 million the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Cost of Revenue fell 16.13% year-over-year to $35.6 million; the trailing twelve-month figure through Jun 2026 stood at $144.7 million (down 16.29% YoY), and the FY2025 full-year result was $159.5 million, down 3.83% from the prior year.
  • Cost of Revenue climbed to $35.6 million in Q2 2026 per HCAT's latest filing, from $35.3 million in the prior quarter.
  • Across five years, Cost of Revenue topped out at $44.9 million in Q4 2024 and bottomed at $34.0 million in Q1 2022.
  • Historically, Cost of Revenue has averaged $39.1 million across 5 years, with a median of $38.5 million in 2024.
  • The sharpest annual moves came in 2022 and 2025: Cost of Revenue grew 24.35% in 2022, then slipped 21.42% in 2025.
  • Over 5 years, Cost of Revenue stood at $38.1 million in 2022, then rose by 16.98% to $44.6 million in 2023, then grew by 0.76% to $44.9 million in 2024, then retreated by 21.42% to $35.3 million in 2025, then increased by 0.94% to $35.6 million in 2026.
  • According to Business Quant data, Cost of Revenue over the past three periods registered $35.6 million, $35.3 million, and $35.3 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Veeva Systems 44.53 Bn 37.29 Bn 695.95 Mn 232.01 Mn
2 Waystar Holding 4.81 Bn 4.62 Bn 221.99 Mn 97.69 Mn
3 Doximity 4.74 Bn 4.05 Bn 132.93 Mn 23.69 Mn
4 CCC Intelligent Solutions Holdings 4.41 Bn 4.30 Bn 210.64 Mn 75.29 Mn
5 EverCommerce 1.40 Bn 1.27 Bn 119.50 Mn 32.52 Mn
6 Schrodinger 1.32 Bn 904.47 Mn 32.43 Mn 26.46 Mn
7 Certara 1.21 Bn 1.03 Bn 58.15 Mn 35.12 Mn
8 GoodRx Holdings 1.18 Bn 887.53 Mn 179.41 Mn 21.00 Mn
9 Healthstream 853.81 Mn 787.08 Mn 54.72 Mn 29.02 Mn
10 Health Catalyst 126.25 Mn 22.81 Mn 34.86 Mn 35.63 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 35.63 Mn
Mar 31, 2026 35.29 Mn
Dec 31, 2025 35.30 Mn
Sep 30, 2025 38.51 Mn
Jun 30, 2025 42.48 Mn
Mar 31, 2025 43.18 Mn
Dec 31, 2024 44.92 Mn
Sep 30, 2024 42.31 Mn
Jun 30, 2024 40.06 Mn
Mar 31, 2024 38.52 Mn
Dec 31, 2023 44.58 Mn
Sep 30, 2023 41.79 Mn
Jun 30, 2023 39.44 Mn
Mar 31, 2023 38.30 Mn
Dec 31, 2022 38.11 Mn
Sep 30, 2022 36.34 Mn
Jun 30, 2022 34.61 Mn
Mar 31, 2022 34.00 Mn
Dec 31, 2021 33.88 Mn
Sep 30, 2021 33.09 Mn