Health Catalyst (HCAT) EBITDA (2018 - 2026)
Health Catalyst (HCAT) posted EBITDA of -$106.5 million for Q1 2026, down 23.7% on a QoQ basis from -$86.1 million in Q4 2025, and down 427.87% year-over-year from $32.5 million in Q1 2025.
Health Catalyst (HCAT) EBITDA (2018 - 2026) Analysis & Trends
Health Catalyst's EBITDA history runs 9 years deep, the most recent figure standing at -$106.5 million for Q1 2026.
- Quarterly EBITDA fell 427.87% year-over-year to -$106.5 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$247.2 million (down 267.99% YoY) and the FY2025 annual result came in at -$160.9 million, down 130.43% from the prior year.
- EBITDA was -$106.5 million for Q1 2026 at Health Catalyst, down from -$86.1 million in the prior quarter.
- Across five years, EBITDA topped out at -$13.7 million in Q3 2024 and bottomed at -$106.5 million in Q1 2026.
- A 5-year average of -$35.5 million and a median of -$32.8 million in 2023 frame the typical range for EBITDA.
- Annual changes were most pronounced in 2024 — EBITDA surged 54.34% — and 2026, when it plunged 427.87%.
- Health Catalyst's EBITDA stood at -$36.7 million in 2022, then increased by 10.78% to -$32.8 million in 2023, then jumped by 46.62% to -$17.5 million in 2024, then slumped by 391.89% to -$86.1 million in 2025, then dropped by 23.7% to -$106.5 million in 2026.
- Business Quant data shows HCAT's EBITDA at -$106.5 million in Q1 2026, -$86.1 million in Q4 2025, and -$17.5 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 29.34 Bn | 22.03 Bn | 662.02 Mn | 273.11 Mn |
| 2 | BrightSpring Health Services | 13.49 Bn | 12.59 Bn | 482.22 Mn | 121.45 Mn |
| 3 | Healthequity | 7.96 Bn | 7.70 Bn | 256.31 Mn | 102.95 Mn |
| 4 | 10x Genomics | 6.17 Bn | 5.63 Bn | 106.18 Mn | -17.05 Mn |
| 5 | Hinge Health | 6.02 Bn | 5.70 Bn | 154.23 Mn | 32.07 Mn |
| 6 | MiniMed | 4.19 Bn | 3.89 Bn | 480.00 Mn | -93.00 Mn |
| 7 | Waystar Holding | 4.14 Bn | 4.07 Bn | 216.84 Mn | 80.47 Mn |
| 8 | Doximity | 3.82 Bn | 3.08 Bn | 125.97 Mn | 24.83 Mn |
| 9 | Privia Health | 3.10 Bn | 2.73 Bn | - | 7.42 Mn |
| 10 | Health Catalyst | 145.91 Mn | 37.09 Mn | 35.46 Mn | -106.48 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -106.48 Mn |
| Dec 31, 2025 | -86.08 Mn |
| Sep 30, 2025 | -17.51 Mn |
| Jun 30, 2025 | -37.09 Mn |
| Mar 31, 2025 | -20.17 Mn |
| Dec 31, 2024 | -17.50 Mn |
| Sep 30, 2024 | -13.69 Mn |
| Jun 30, 2024 | -15.81 Mn |
| Mar 31, 2024 | -22.81 Mn |
| Dec 31, 2023 | -32.79 Mn |
| Sep 30, 2023 | -24.58 Mn |
| Jun 30, 2023 | -34.62 Mn |
| Mar 31, 2023 | -34.91 Mn |
| Dec 31, 2022 | -36.75 Mn |
| Sep 30, 2022 | -45.72 Mn |
| Jun 30, 2022 | -33.19 Mn |
| Mar 31, 2022 | -24.35 Mn |
| Dec 31, 2021 | -44.77 Mn |
| Sep 30, 2021 | -42.25 Mn |
| Jun 30, 2021 | -32.32 Mn |