Health Catalyst (HCAT) Debt Ratio (2018 - 2026)

Health Catalyst (HCAT) reported Debt Ratio of 0.37 for Q1 2026, down 13.36% on a YoY basis from 0.43 in Q1 2025, and up 22.03% quarter-over-quarter from 0.3 in Q4 2025.

Health Catalyst (HCAT) Debt Ratio (2018 - 2026) Analysis & Trends

Health Catalyst has reported Debt Ratio for 9 years, with the latest figure at 0.37 in Q1 2026.

  • For the quarter ending Q1 2026, Debt Ratio fell 13.36% year-over-year to 0.37; the trailing twelve-month figure through Mar 2026 stood at 0.37 (down 13.36% YoY), and the FY2025 full-year result was 0.3, down 31.51% from the prior year.
  • Debt Ratio for Q1 2026 stood at 0.37, up from 0.3 in the prior quarter.
  • The five-year high for Debt Ratio was 0.45 in Q4 2024, with the low at 0.0 in Q2 2024.
  • Historically, Debt Ratio has averaged 0.31 across 5 years, with a median of 0.3 in 2025.
  • Annual changes were most pronounced in 2024 — Debt Ratio sank 99.59% — and 2025, when it soared 19115.7%.
  • Health Catalyst's Debt Ratio stood at 0.3 in 2022, then climbed by 7.91% to 0.32 in 2023, then soared by 37.01% to 0.45 in 2024, then tumbled by 31.51% to 0.3 in 2025, then increased by 22.03% to 0.37 in 2026.
  • The last three Debt Ratio figures came in at 0.37 (Q1 2026), 0.3 (Q4 2025), and 0.26 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Veeva Systems 24.83 Bn 17.52 Bn 662.02 Mn -
2 BrightSpring Health Services 13.57 Bn 12.69 Bn 482.22 Mn 0.40
3 Healthequity 7.20 Bn 6.93 Bn 256.31 Mn 0.29
4 Hinge Health 5.42 Bn 5.11 Bn 154.23 Mn -
5 10x Genomics 4.46 Bn 3.92 Bn 106.18 Mn -
6 Doximity 3.81 Bn 3.06 Bn 125.97 Mn -
7 Waystar Holding 3.52 Bn 3.36 Bn 268.04 Mn 0.25
8 Privia Health 2.94 Bn 2.57 Bn 595.71 Mn -
9 Omnicell 1.76 Bn 1.59 Bn 140.36 Mn -
10 Health Catalyst 125.95 Mn 17.13 Mn 35.46 Mn 0.37

Historic Data

Download Data
DateValue
Mar 31, 2026 0.37
Dec 31, 2025 0.30
Sep 30, 2025 0.26
Jun 30, 2025 0.25
Mar 31, 2025 0.43
Dec 31, 2024 0.45
Sep 30, 2024 0.42
Jun 30, 2024 0.00
Mar 31, 2024 0.33
Dec 31, 2023 0.32
Sep 30, 2023 0.32
Jun 30, 2023 0.31
Mar 31, 2023 0.30
Dec 31, 2022 0.30
Sep 30, 2022 0.29
Jun 30, 2022 0.28
Mar 31, 2022 0.27
Dec 31, 2021 0.22
Sep 30, 2021 0.00
Jun 30, 2021 0.00