Health Catalyst (HCAT) Net Margin (2018 - 2026)
Health Catalyst (HCAT) reported Net Margin of -57.51% for Q2 2026, down 6.74 percentage points from -50.76% a year earlier but up 99.40 percentage points from the prior quarter.
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Analysis
Health Catalyst (HCAT) Net Margin (2018 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Health Catalyst's Net Margin came in at -90.61%, down 58.94 percentage points year-over-year; for FY2025, it came in at -57.20%, down 34.53 percentage points from FY2024.
- Net Margin has a five-year change of +3.70 percentage points (FY2020 to FY2025).
- By year, Net Margin came in at -22.67% in FY2024 (+17.25 pp), -39.92% in FY2023 (+9.82 pp), -49.74% in FY2022 (+13.59 pp) and -63.33% in FY2021 (-2.42 pp).
- Five-year quarterly Net Margin spans a low of -156.91% in Q1 2026 and a high of -17.81% in Q2 2024.
- Year over year, Net Margin has now declined in each of the last six quarters, with an average year-over-year change of -31.23 percentage points over the last eight quarters.
- The high point for year-over-year Net Margin in five years was Q3 2023 (a gain of 37.04 percentage points); the low point was Q1 2026 (a drop of 127.02 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at -156.91% (Q1 2026), -121.89% (Q4 2025) and -29.12% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Bryn | 945.00 Bn | 945.00 Bn | - | - |
| 2 | Veeva Systems | 45.35 Bn | 17.59 Bn | 695.95 Mn | 29.47% |
| 3 | Samsara | 22.20 Bn | 18.97 Bn | 392.58 Mn | 3.19% |
| 4 | Toast | 17.53 Bn | 10.20 Bn | 516.00 Mn | 8.07% |
| 5 | Ptc | 15.47 Bn | 14.28 Bn | 490.47 Mn | 19.80% |
| 6 | Trimble | 13.41 Bn | 12.48 Bn | 674.90 Mn | -48.53% |
| 7 | Duolingo | 12.56 Bn | 7.73 Bn | 216.74 Mn | 11.11% |
| 8 | Manhattan Associates | 11.77 Bn | 10.77 Bn | 168.33 Mn | 16.91% |
| 9 | Costar | 10.95 Bn | 4.91 Bn | 728.00 Mn | 5.95% |
| 10 | Health Catalyst | 132.23 Mn | -267.31 Mn | 34.86 Mn | -57.51% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -57.51% |
| Mar 31, 2026 | -156.91% |
| Dec 31, 2025 | -121.89% |
| Sep 30, 2025 | -29.12% |
| Jun 30, 2025 | -50.76% |
| Mar 31, 2025 | -29.90% |
| Dec 31, 2024 | -25.97% |
| Sep 30, 2024 | -19.29% |
| Jun 30, 2024 | -17.81% |
| Mar 31, 2024 | -27.55% |
| Dec 31, 2023 | -40.37% |
| Sep 30, 2023 | -29.86% |
| Jun 30, 2023 | -44.55% |
| Mar 31, 2023 | -44.93% |
| Dec 31, 2022 | -51.74% |
| Sep 30, 2022 | -66.91% |
| Jun 30, 2022 | -47.33% |
| Mar 31, 2022 | -32.98% |
| Dec 31, 2021 | -75.70% |
| Sep 30, 2021 | -64.81% |
API Access
Health Catalyst Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=HCAT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "HCAT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=HCAT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();