Growth Metrics

Health Catalyst (HCAT) Invested Capital (2018 - 2026)

Health Catalyst posted quarterly Invested Capital of $291.5 million for Q1 2026, down 61.63% year-on-year from $759.7 million in Q1 2025, and down 26.95% on a QoQ basis from $399.0 million in Q4 2025.

Health Catalyst (HCAT) has 9 years of Invested Capital data on file, last reported at $291.5 million in Q1 2026.

  • For the quarter ending Q1 2026, Invested Capital fell 61.63% year-over-year to $291.5 million; the trailing twelve-month figure through Mar 2026 stood at $291.5 million (down 61.63% YoY), and the FY2025 full-year result was $399.0 million, down 46.62% from the prior year.
  • Invested Capital for Q1 2026 stood at $291.5 million, down from $399.0 million in the prior quarter.
  • Across five years, Invested Capital topped out at $759.7 million in Q1 2025 and bottomed at $291.5 million in Q1 2026.
  • The 5-year median for Invested Capital is $610.0 million (2023), against an average of $588.3 million.
  • The widest annual swing landed in 2022, when Invested Capital surged 60.27%; it then tumbled 61.63% in 2026.
  • A 5-year view of Invested Capital shows it stood at $425.0 million in 2022, then jumped by 39.99% to $595.0 million in 2023, then increased by 25.65% to $747.6 million in 2024, then slumped by 46.62% to $399.0 million in 2025, then decreased by 26.95% to $291.5 million in 2026.
  • The last three Invested Capital figures came in at $291.5 million (Q1 2026), $399.0 million (Q4 2025), and $485.1 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Invested Cap. (Qtr)
1 Veeva Systems 30.85 Bn 24.28 Bn 622.47 Mn 7.21 Bn
2 BrightSpring Health Services 12.29 Bn 11.41 Bn 482.22 Mn 2.03 Bn
3 Healthequity 7.80 Bn 7.48 Bn 256.31 Mn 2.99 Bn
4 Hinge Health 4.82 Bn 4.51 Bn 154.23 Mn 111.69 Mn
5 Doximity 4.21 Bn 3.46 Bn 125.97 Mn 950.84 Mn
6 Waystar Holding 4.18 Bn 4.03 Bn 268.04 Mn 3.95 Bn
7 10x Genomics 3.78 Bn 3.24 Bn 106.18 Mn 814.32 Mn
8 Privia Health 2.65 Bn 2.28 Bn 595.71 Mn 753.06 Mn
9 Omnicell 1.95 Bn 1.78 Bn 140.36 Mn 1.26 Bn
10 Health Catalyst 98.36 Mn -10.46 Mn 35.46 Mn 291.51 Mn

Historic Data

Download Data 🔒
DateValue
Mar 31, 2026 291.51 Mn
Dec 31, 2025 399.03 Mn
Sep 30, 2025 485.06 Mn
Jun 30, 2025 500.58 Mn
Mar 31, 2025 759.67 Mn
Dec 31, 2024 747.57 Mn
Sep 30, 2024 700.07 Mn
Jun 30, 2024 585.80 Mn
Mar 31, 2024 585.62 Mn
Dec 31, 2023 594.95 Mn
Sep 30, 2023 610.05 Mn
Jun 30, 2023 617.14 Mn
Mar 31, 2023 632.05 Mn
Dec 31, 2022 425.01 Mn
Sep 30, 2022 666.11 Mn
Jun 30, 2022 694.83 Mn
Mar 31, 2022 706.31 Mn
Dec 31, 2021 703.04 Mn
Sep 30, 2021 727.04 Mn
Jun 30, 2021 450.72 Mn
Mar 31, 2021 440.70 Mn
Dec 31, 2020 445.09 Mn
Sep 30, 2020 465.82 Mn
Jun 30, 2020 397.44 Mn
Mar 31, 2020 207.23 Mn
Dec 31, 2019 200.64 Mn
Sep 30, 2019 209.96 Mn
Jun 30, 2019 -554.95 Mn
Mar 31, 2019 -450.04 Mn
Dec 31, 2018 -373.48 Mn
Sep 30, 2018 -298.86 Mn
Jun 30, 2018 -282.61 Mn