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| Date | Value |
|---|---|
| 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 |