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

Health Catalyst (HCAT) posted Cost of Revenue of $35.3 million for Q1 2026, little changed on a QoQ basis from $35.3 million in Q4 2025, and down 18.26% year-over-year from $43.2 million in Q1 2025.

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

Health Catalyst's Cost of Revenue history runs 9 years deep, the most recent figure standing at $35.3 million for Q1 2026.

  • Quarterly Cost of Revenue fell 18.26% year-over-year to $35.3 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $151.6 million (down 11.08% YoY) and the FY2025 annual result came in at $159.5 million, down 3.83% from the prior year.
  • Cost of Revenue was $35.3 million for Q1 2026 at Health Catalyst, roughly flat 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.
  • A 5-year average of $39.3 million and a median of $38.5 million in 2024 frame the typical range for Cost of Revenue.
  • Annual changes were most pronounced in 2022 — Cost of Revenue rose 24.35% — and 2025, when it declined 21.42%.
  • Health Catalyst's 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 slipped by 0.01% to $35.3 million in 2026.
  • Business Quant data shows HCAT's Cost of Revenue at $35.3 million in Q1 2026, $35.3 million in Q4 2025, and $38.5 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Veeva Systems 31.81 Bn 24.49 Bn 662.02 Mn 220.92 Mn
2 BrightSpring Health Services 14.76 Bn 13.86 Bn 482.22 Mn 260.92 Mn
3 Healthequity 8.36 Bn 8.10 Bn 256.31 Mn 98.33 Mn
4 Hinge Health 5.91 Bn 5.60 Bn 154.23 Mn 28.07 Mn
5 10x Genomics 5.89 Bn 5.35 Bn 106.18 Mn 44.67 Mn
6 MiniMed 4.45 Bn 4.16 Bn 480.00 Mn 357.00 Mn
7 Waystar Holding 4.41 Bn 4.35 Bn 216.84 Mn 97.04 Mn
8 Doximity 3.93 Bn 3.18 Bn 125.97 Mn 19.41 Mn
9 Privia Health 3.10 Bn 2.68 Bn - -
10 Health Catalyst 155.71 Mn 46.89 Mn 35.46 Mn 35.29 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 35.29 Mn
Mar 31, 2026 35.29 Mn
Dec 31, 2025 35.30 Mn
Dec 31, 2025 35.30 Mn
Sep 30, 2025 38.51 Mn
Sep 30, 2025 38.51 Mn
Jun 30, 2025 42.48 Mn
Jun 30, 2025 42.48 Mn
Mar 31, 2025 43.18 Mn
Mar 31, 2025 43.18 Mn
Dec 31, 2024 44.92 Mn
Dec 31, 2024 44.92 Mn
Sep 30, 2024 42.31 Mn
Sep 30, 2024 42.31 Mn
Jun 30, 2024 40.06 Mn
Jun 30, 2024 40.06 Mn
Mar 31, 2024 38.52 Mn
Mar 31, 2024 38.52 Mn
Dec 31, 2023 44.58 Mn
Dec 31, 2023 44.58 Mn