Growth Metrics

Healthcare Triangle (HCTI) Operating Expenses (2020 - 2026)

Healthcare Triangle recorded quarterly Operating Expenses of $6.0 million in Q1 2026, up 23.0% quarter-over-quarter from $4.9 million in Q4 2025, and up 248.35% year-over-year from $1.7 million in Q1 2025.

Healthcare Triangle's Operating Expenses history runs 7 years deep, the most recent figure standing at $6.0 million for Q1 2026.

  • In Q1 2026, Operating Expenses rose 248.35% year-over-year to $6.0 million; the TTM figure through Mar 2026 stood at $16.0 million (up 140.28% YoY), while the FY2025 annual figure was $11.7 million, up 52.85% from the prior year.
  • Operating Expenses came in at $6.0 million for Q1 2026 at Healthcare Triangle, up 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 sank 76.79% in 2023 and jumped 548.67% in 2025, its largest moves.
  • Healthcare Triangle's Operating Expenses stood at $12.5 million in 2022, then slumped by 76.79% to $2.9 million in 2023, then plunged by 73.97% to $754000.0 in 2024, then surged by 548.67% to $4.9 million in 2025, then rose 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.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Veeva Systems 30.85 Bn 24.28 Bn 622.47 Mn 376.60 Mn
2 BrightSpring Health Services 12.29 Bn 11.41 Bn 482.22 Mn 360.77 Mn
3 Healthequity 7.80 Bn 7.48 Bn 256.31 Mn 153.36 Mn
4 Hinge Health 4.82 Bn 4.51 Bn 154.23 Mn 122.16 Mn
5 Doximity 4.21 Bn 3.46 Bn 125.97 Mn 101.14 Mn
6 Waystar Holding 4.18 Bn 4.03 Bn 268.04 Mn 233.41 Mn
7 10x Genomics 3.78 Bn 3.24 Bn 106.18 Mn 123.22 Mn
8 Privia Health 2.65 Bn 2.28 Bn 595.71 Mn 596.43 Mn
9 Omnicell 1.95 Bn 1.78 Bn 140.36 Mn 123.51 Mn
10 Healthcare Triangle 2.36 Mn -2.01 Mn 2.39 Mn 6.02 Mn

Historic Data

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DateValue
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
Mar 31, 2021 2.02 Mn
Dec 31, 2020 385,364.00
Sep 30, 2020 1.13 Mn