Healthcare Triangle (HCTI) Operating Expenses (2020 - 2026)
Healthcare Triangle (HCTI) posted Operating Expenses of $6.0 million for Q1 2026, up 23.0% sequentially from $4.9 million in Q4 2025, and up 248.35% YoY from $1.7 million in Q1 2025.
Healthcare Triangle (HCTI) Operating Expenses (2020 - 2026) Analysis & Trends
Healthcare Triangle has reported Operating Expenses for 7 years, with the latest figure at $6.0 million in Q1 2026.
- Quarterly Operating Expenses rose 248.35% year-over-year to $6.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $16.0 million (up 140.28% YoY) and the FY2025 annual result came in at $11.7 million, up 52.85% from the prior year.
- Operating Expenses improved to $6.0 million in Q1 2026 per HCTI's latest filing, from $4.9 million in the prior quarter.
- Over five years, Operating Expenses peaked at $12.5 million in Q4 2022 and troughed at $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.
- The sharpest annual moves came in 2023 and 2025: Operating Expenses slumped 76.79% in 2023, then surged 548.67% in 2025.
- Over 5 years, Operating Expenses stood at $12.5 million in 2022, then tumbled by 76.79% to $2.9 million in 2023, then sank by 73.97% to $754000.0 in 2024, then soared by 548.67% to $4.9 million in 2025, then gained by 23.0% to $6.0 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $6.0 million, $4.9 million, and $3.2 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 39.72 Bn | 32.40 Bn | 662.02 Mn | 388.91 Mn |
| 2 | BrightSpring Health Services | 12.19 Bn | 11.64 Bn | 492.75 Mn | 362.36 Mn |
| 3 | Healthequity | 8.79 Bn | 8.52 Bn | 256.31 Mn | 153.36 Mn |
| 4 | 10x Genomics | 7.31 Bn | 6.76 Bn | 112.50 Mn | 132.05 Mn |
| 5 | Hinge Health | 7.10 Bn | 6.71 Bn | 183.95 Mn | 143.51 Mn |
| 6 | MiniMed | 5.66 Bn | 5.36 Bn | 480.00 Mn | 398.00 Mn |
| 7 | Waystar Holding | 4.76 Bn | 4.56 Bn | 221.99 Mn | 243.63 Mn |
| 8 | Doximity | 4.46 Bn | 3.77 Bn | 132.93 Mn | 99.28 Mn |
| 9 | Heartflow | 3.66 Bn | 3.28 Bn | 53.19 Mn | 71.09 Mn |
| 10 | Healthcare Triangle | 3.39 Mn | 1.40 Mn | 2.07 Mn | 6.14 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 6.14 Mn |
| 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 |