Healthcare Triangle (HCTI) Operating Expenses (2020 - 2026)
Healthcare Triangle (HCTI) reported Operating Expenses of $6.0 million for Q1 2026, up 248.35% on a YoY basis from $1.7 million in Q1 2025, and up 23.0% sequentially from $4.9 million in Q4 2025.
Healthcare Triangle (HCTI) Operating Expenses (2020 - 2026) Analysis & Trends
Healthcare Triangle (HCTI) has 7 years of Operating Expenses data on file, last reported at $6.0 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 248.35% year-over-year to $6.0 million; the trailing twelve-month figure through Mar 2026 stood at $16.0 million (up 140.28% YoY), and the FY2025 full-year result was $11.7 million, up 52.85% from the prior year.
- Operating Expenses improved to $6.0 million in Q1 2026, from $4.9 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $12.5 million in Q4 2022 to a low of $754000.0 in Q4 2024.
- A 5-year average of $4.0 million and a median of $3.2 million in 2023 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses plunged 76.79% in 2023 and soared 548.67% in 2025, its largest moves.
- Tracing HCTI's Operating Expenses over 5 years: stood at $12.5 million in 2022, then plunged by 76.79% to $2.9 million in 2023, then slumped by 73.97% to $754000.0 in 2024, then soared by 548.67% to $4.9 million in 2025, then grew by 23.0% to $6.0 million in 2026.
- Business Quant data shows HCTI's Operating Expenses at $6.0 million in Q1 2026, $4.9 million in Q4 2025, and $3.2 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 31.78 Bn | 24.46 Bn | 662.02 Mn | 388.91 Mn |
| 2 | BrightSpring Health Services | 14.61 Bn | 13.71 Bn | 482.22 Mn | 360.77 Mn |
| 3 | Healthequity | 8.33 Bn | 8.06 Bn | 256.31 Mn | 153.36 Mn |
| 4 | Hinge Health | 5.94 Bn | 5.63 Bn | 154.23 Mn | 122.16 Mn |
| 5 | 10x Genomics | 5.84 Bn | 5.30 Bn | 106.18 Mn | 123.22 Mn |
| 6 | MiniMed | 4.52 Bn | 4.22 Bn | 480.00 Mn | 398.00 Mn |
| 7 | Waystar Holding | 4.46 Bn | 4.40 Bn | 216.84 Mn | 233.41 Mn |
| 8 | Doximity | 3.94 Bn | 3.19 Bn | 125.97 Mn | 101.14 Mn |
| 9 | Privia Health | 3.15 Bn | 2.73 Bn | - | 596.43 Mn |
| 10 | Healthcare Triangle | 1.46 Mn | -2.85 Mn | 2.39 Mn | 6.02 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 6.02 Mn |
| Dec 31, 2025 | 4.89 Mn |
| Sep 30, 2025 | 3.21 Mn |
| Jun 30, 2025 | 1.85 Mn |
| Mar 31, 2025 | 1.73 Mn |
| Dec 31, 2024 | 754,000.00 |
| Sep 30, 2024 | 1.89 Mn |
| Jun 30, 2024 | 2.28 Mn |
| Mar 31, 2024 | 2.73 Mn |
| Dec 31, 2023 | 2.90 Mn |
| Sep 30, 2023 | 3.23 Mn |
| Jun 30, 2023 | 3.54 Mn |
| Mar 31, 2023 | 4.80 Mn |
| Dec 31, 2022 | 12.48 Mn |
| Sep 30, 2022 | 5.68 Mn |
| Jun 30, 2022 | 4.59 Mn |
| Mar 31, 2022 | 4.87 Mn |
| Dec 31, 2021 | 5.61 Mn |
| Sep 30, 2021 | 4.50 Mn |
| Jun 30, 2021 | 2.88 Mn |