Healthcare Triangle (HCTI) Net Margin (2020 - 2026)
Healthcare Triangle (HCTI) recorded Net Margin of -47.72% in Q2 2026, down 9.30 percentage points from -38.42% a year earlier but up 16.61 percentage points from the prior quarter.
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Analysis
Healthcare Triangle (HCTI) Net Margin (2020 - 2026) Analysis & Trends
On a TTM basis, Healthcare Triangle's Net Margin came in at -17.00% as of Jun 30, 2026, down 13.04 percentage points year-over-year; for FY2025, it came in at 67.87%, up 16.84 percentage points from FY2024.
- Annual Net Margin has increased for three straight years, with a five-year change of +60.36 percentage points (FY2020 to FY2025).
- Across earlier years, Net Margin came in at 51.03% in FY2024 (+77.19 pp), -26.16% in FY2023 (+5.13 pp), -31.29% in FY2022 (-14.42 pp) and -16.87% in FY2021 (-24.38 pp).
- Quarterly Net Margin has ranged from -85.04% in Q4 2022 to 141.92% in Q4 2025 over the past five years.
- On a year-over-year basis, Net Margin rose in five of the last eight quarters, with an average year-over-year change of +28.65 percentage points.
- Peak year-over-year performance for Net Margin in the last five years was a gain of 85.33 percentage points in Q4 2024, against a drop of 58.36 percentage points in Q4 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at -64.33% (Q1 2026), 141.92% (Q4 2025) and 54.63% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 323.81 Bn | 308.88 Bn | 2.30 Bn | -8.27% |
| 2 | CrowdStrike Holdings | 271.09 Bn | 251.53 Bn | 1.10 Bn | 0.36% |
| 3 | Fortinet | 131.14 Bn | 117.07 Bn | 1.64 Bn | 29.61% |
| 4 | Snowflake | 119.71 Bn | 107.03 Bn | 1.04 Bn | -12.39% |
| 5 | Datadog | 98.30 Bn | 79.94 Bn | 881.34 Mn | 3.97% |
| 6 | Okta | 34.95 Bn | 25.05 Bn | 641.00 Mn | 14.41% |
| 7 | Axon Enterprise | 34.32 Bn | 28.85 Bn | 546.45 Mn | 3.25% |
| 8 | Zscaler | 32.52 Bn | 18.64 Bn | - | - |
| 9 | Baidu | 29.56 Bn | -44.07 Bn | 1.47 Mn | 7.38% |
| 10 | Healthcare Triangle | 2.02 Mn | -13.54 Mn | 2.07 Mn | -47.72% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -47.72% |
| Mar 31, 2026 | -64.33% |
| Dec 31, 2025 | 141.92% |
| Sep 30, 2025 | 54.63% |
| Jun 30, 2025 | -38.42% |
| Mar 31, 2025 | -45.90% |
| Dec 31, 2024 | 61.55% |
| Sep 30, 2024 | 51.76% |
| Jun 30, 2024 | -50.60% |
| Mar 31, 2024 | -45.32% |
| Dec 31, 2023 | -23.78% |
| Sep 30, 2023 | -24.98% |
| Jun 30, 2023 | -20.95% |
| Mar 31, 2023 | -33.32% |
| Dec 31, 2022 | -85.04% |
| Sep 30, 2022 | -19.57% |
| Jun 30, 2022 | -3.49% |
| Mar 31, 2022 | -18.19% |
| Dec 31, 2021 | -37.50% |
| Sep 30, 2021 | -24.66% |
API Access
Healthcare Triangle 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=HCTI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "HCTI", "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=HCTI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();