Health Catalyst HCAT Revenue Breakdown

NASDAQ HCAT
$1.74 +0.00 (+0.00%)
At close: Oct 22, 2026 · 4:00 PM EDT
Annual revenue breakdowns for Health Catalyst, fiscal 2017 to 2025, as reported in its filings.
Annual history

Health Catalyst Revenue by Product & Service

Years FY 2017–2025
Lines 2
FY 2025 Total $311.14M

Recurring Technology was Health Catalyst’s largest product and service line in fiscal 2025, bringing in $208.28M of $311.14M (67%).

Health Catalyst revenue by product and service, fiscal 2017 to 2025
Product and Service FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Recurring Technology $175.81M $187.23M $194.85M $208.28M
Professional Services $99.95M $108.36M $111.73M $102.86M
Total $276.24M $295.94M $306.58M $311.14M
Totals include 1 discontinued line from earlier reporting.

Health Catalyst revenue by product and service: what the figures show

Health Catalyst brought in $311.14M from its two product and service lines in fiscal 2025, the year ended December 31, 2025. That was up 1.5% from $306.58M in fiscal 2024. Recurring Technology was the largest at $208.28M (66.9%), ahead of Professional Services at $102.86M (33.1%).

Compared with fiscal 2024, Recurring Technology grew 6.9% to $208.28M, while Professional Services fell 7.9% to $102.86M.

Health Catalyst stopped reporting One-Time Technology (I.E., Perpetual License) as a separate line after fiscal 2023, when it brought in $357.00K.

Annual history

Health Catalyst Revenue by Segment

Years FY 2017–2025
Lines 2
FY 2025 Total $311.14M

Technology was Health Catalyst’s largest segment in fiscal 2025, bringing in $208.28M of $311.14M (67%).

Health Catalyst revenue by segment, fiscal 2017 to 2025
Segment FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Technology $176.29M $187.58M $194.85M $208.28M
Professional Services $99.95M $108.36M $111.73M $102.86M
Total $276.24M $295.94M $306.58M $311.14M

Health Catalyst revenue by segment: what the figures show

Health Catalyst brought in $311.14M from its two segments in fiscal 2025, the year ended December 31, 2025. That was up 1.5% from $306.58M in fiscal 2024. Technology was the largest at $208.28M (66.9%), ahead of Professional Services at $102.86M (33.1%).

Compared with fiscal 2024, Technology grew 6.9% to $208.28M, while Professional Services fell 7.9% to $102.86M. From fiscal 2022 to 2025, combined revenue from these segments grew from $276.24M to $311.14M, a compound annual growth rate of 4.0%. Technology's share of the total rose from 63.8% to 66.9%.

Questions

Health Catalyst Revenue Breakdown FAQ

How does Health Catalyst make money?

Health Catalyst (HCAT) reports its revenue by product and service and by segment. In fiscal 2025, Recurring Technology was its largest product and service line, bringing in $208.28M (66.9% of the total), followed by Professional Services at $102.86M (33.1%).

What is Health Catalyst's largest product and service line?

Recurring Technology was Health Catalyst's largest product and service line in fiscal 2025, bringing in $208.28M, or 66.9% of the $311.14M total across its two product and service lines.

What is Health Catalyst's largest segment?

Technology was Health Catalyst's largest segment in fiscal 2025, bringing in $208.28M, or 66.9% of the $311.14M total across its two segments.

Which Health Catalyst product and service line is growing the fastest?

Recurring Technology grew faster than Professional Services in fiscal 2025, up 6.9% from $194.85M to $208.28M. Professional Services fell 7.9% to $102.86M.

Where does this revenue breakdown data come from?

Every figure comes from Health Catalyst's annual financial filings, as reported. Each line keeps the name Health Catalyst gives it, and years follow its fiscal calendar.

How far back does Health Catalyst's revenue breakdown go?

Health Catalyst's revenue by product and service goes back to fiscal 2017, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.