Definitive Healthcare Corp. (NASDAQ: DH)

Definitive Healthcare is a leading provider of healthcare data and analytics. The company delivers a software as a service platform that supplies comprehensive information on healthcare providers and their activities. It also offers claims and consumer analytics built from modeled data on millions of unique consumers. These capabilities help customers make informed decisions across product development go to market planning and sales and marketing execution. Definitive Healthcare serves three primary end markets: Life Sciences, Provider, and Diversified. As of December 31 2025 the company had approximately 2,330 customers.

Definitive Healthcare generates substantially all of its revenue from subscription fees for its software as a service products. Customers access the data offerings on a subscription basis and pay recurring fees for continued access to the platform. The revenue model relies on maintaining and expanding the base of paid subscribers.

The company operates through the following segments: Life Sciences, Provider, and Diversified.

• Life Sciences: Serves biopharmaceutical and medical device companies that need data for product development commercial strategy and market analysis.

• Provider: Serves hospitals health systems and other care delivery organizations seeking insights for sales marketing clinical operations and network management.

• Diversified: Serves healthcare information technology firms staffing agencies commercial real estate companies financial institutions and marketing and advertising agencies operating within the healthcare ecosystem.

Definitive Healthcare operates in a highly fragmented market for healthcare data and analytics. Its competitive advantage stems from a comprehensive dataset built over more than a decade proprietary data science capabilities and a user interface that delivers answers rather than raw data. Key competitors include legacy raw claims data providers such as Clarivate IQVIA and Symphony Health emerging point solution players like AcuityMD and MedScout niche healthcare specialists such as Komodo Health H1 Healthcare Trella Health and Trilliant Health ecosystem players such as SG2 and Veeva and horizontal go to market intelligence platforms such as ZoomInfo LinkedIn and Dun & Bradstreet. The company believes the principal competitive factors are depth breadth and accuracy of healthcare specific commercial intelligence healthcare subject matter expertise AI and data science capabilities ease of use and deployment and data privacy and security.

Definitive Healthcare serves a diverse customer base that includes biopharmaceutical and medical device companies hospitals health systems healthcare information technology firms staffing agencies commercial real estate companies financial institutions and marketing and advertising agencies. As of December 31 2025 the company reported approximately 2,330 customers with one or more active paid subscriptions.