Healthcare Triangle (HCTI) Gross Margin (2020 - 2026)
Healthcare Triangle (HCTI) reported Gross Margin of 24.28% for Q1 2026, up 1540.0% on a YoY basis from 1.48% in Q1 2025, and up 70.14% sequentially from 14.27% in Q4 2025.
Healthcare Triangle (HCTI) Gross Margin (2020 - 2026) Analysis & Trends
Healthcare Triangle (HCTI) has 7 years of Gross Margin data on file, last reported at 24.28% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin rose 1540.0% year-over-year to 24.28%; the trailing twelve-month figure through Mar 2026 stood at 19.72% (up 20.0% YoY), and the FY2025 full-year result was 13.61%, down 1110.0% from the prior year.
- Gross Margin rose to 24.28% in Q1 2026, from 14.27% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 30.09% in Q2 2024 to a low of 8.88% in Q1 2025.
- A 5-year average of 20.96% and a median of 21.94% in 2023 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin tumbled 1621 bps in 2025 and surged 1540 bps in 2026, its largest moves.
- Tracing HCTI's Gross Margin over 5 years: stood at 16.06% in 2022, then soared by 35 bps to 21.67% in 2023, then sank by 46 bps to 11.69% in 2024, then rose by 22 bps to 14.27% in 2025, then surged by 70 bps to 24.28% in 2026.
- Business Quant data shows HCTI's Gross Margin at 24.28% in Q1 2026, 14.27% in Q4 2025, and 17.71% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 31.81 Bn | 24.49 Bn | 662.02 Mn | 74.98% |
| 2 | BrightSpring Health Services | 14.76 Bn | 13.86 Bn | 482.22 Mn | 13.34% |
| 3 | Healthequity | 8.36 Bn | 8.10 Bn | 256.31 Mn | 72.27% |
| 4 | Hinge Health | 5.91 Bn | 5.60 Bn | 154.23 Mn | 84.60% |
| 5 | 10x Genomics | 5.89 Bn | 5.35 Bn | 106.18 Mn | 70.39% |
| 6 | MiniMed | 4.45 Bn | 4.16 Bn | 480.00 Mn | 57.35% |
| 7 | Waystar Holding | 4.41 Bn | 4.35 Bn | 216.84 Mn | 69.08% |
| 8 | Doximity | 3.93 Bn | 3.18 Bn | 125.97 Mn | 86.65% |
| 9 | Privia Health | 3.10 Bn | 2.68 Bn | - | - |
| 10 | Healthcare Triangle | 1.57 Mn | -2.75 Mn | 2.39 Mn | 24.28% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 24.28% |
| Dec 31, 2025 | 14.27% |
| Sep 30, 2025 | 17.71% |
| Jun 30, 2025 | 13.88% |
| Mar 31, 2025 | 8.88% |
| Dec 31, 2024 | 11.69% |
| Sep 30, 2024 | 29.92% |
| Jun 30, 2024 | 30.09% |
| Mar 31, 2024 | 24.68% |
| Dec 31, 2023 | 21.67% |
| Sep 30, 2023 | 21.94% |
| Jun 30, 2023 | 22.84% |
| Mar 31, 2023 | 16.19% |
| Dec 31, 2022 | 16.06% |
| Sep 30, 2022 | 28.69% |
| Jun 30, 2022 | 27.26% |
| Mar 31, 2022 | 26.18% |
| Dec 31, 2021 | 24.70% |
| Sep 30, 2021 | 33.75% |
| Jun 30, 2021 | 33.29% |