Health Catalyst (HCAT) Operating Expenses (2018 - 2026)

Health Catalyst (HCAT) has 9 years of Operating Expenses data on file, last reported at $141.9 million in Q1 2026.

• For the quarter ending Q1 2026, Operating Expenses rose 151.64% year-over-year to $141.9 million; the trailing twelve-month figure through Mar 2026 stood at $398.1 million (up 91.4% YoY), and the FY2025 full-year result was $312.5 million, up 48.41% from the prior year.
• Operating Expenses for Q1 2026 stood at $141.9 million, up from $125.5 million in the prior quarter.
• Across five years, Operating Expenses topped out at $141.9 million in Q1 2026 and bottomed at $47.7 million in Q3 2024.
• The 5-year median for Operating Expenses is $63.3 million (2023), against an average of $70.4 million.
• The widest annual swing landed in 2023, when Operating Expenses dropped 27.23%; it then jumped 151.64% in 2026.
• A 5-year view of Operating Expenses shows it stood at $67.8 million in 2022, then declined by 6.65% to $63.3 million in 2023, then decreased by 17.54% to $52.2 million in 2024, then surged by 140.39% to $125.5 million in 2025, then grew by 13.13% to $141.9 million in 2026.
• The last three Operating Expenses figures came in at $141.9 million (Q1 2026), $125.5 million (Q4 2025), and $55.3 million (Q3 2025), per Business Quant data.

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