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

Health Catalyst's Operating Expenses history runs 9 years deep, the most recent figure standing at $141.9 million for Q1 2026.

• Quarterly Operating Expenses rose 151.64% year-over-year to $141.9 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $398.1 million (up 91.4% YoY) and the FY2025 annual result came in at $312.5 million, up 48.41% from the prior year.
• Operating Expenses was $141.9 million for Q1 2026 at Health Catalyst, 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.
• A 5-year average of $70.4 million and a median of $63.3 million in 2023 frame the typical range for Operating Expenses.
• Annual changes were most pronounced in 2023 — Operating Expenses retreated 27.23% — and 2026, when it jumped 151.64%.
• Health Catalyst's Operating Expenses stood at $67.8 million in 2022, then fell by 6.65% to $63.3 million in 2023, then slipped by 17.54% to $52.2 million in 2024, then soared by 140.39% to $125.5 million in 2025, then increased by 13.13% to $141.9 million in 2026.
• Business Quant data shows HCAT's Operating Expenses at $141.9 million in Q1 2026, $125.5 million in Q4 2025, and $55.3 million in Q3 2025.