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Definitive Healthcare (DH) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · Definitive Healthcare (DH) Q3 2026 earnings results →

Q3 2026 Revenue down 9% year over year to $54.6M · 10¢ of every $1 of revenue lost · operating margin -9.1%

Definitive Healthcare made $54.6M in Q3 2026 (-9% Y/Y): Subscription Services $52.7M, Professional Services $2.0M. Operating margin -9.1%, net loss $5.4M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.

Revenue$54.6M

Year over year-9%

Operating margin-9.1%

Net earnings−$5.4M

Operating cash flow$11.4M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $54.6M in Q3 2026, down 9% year over year and down 1% from the previous quarter. Subscription Services was the largest line at 96% of revenue. Subscription Services lost $5.5M year over year (down 10%), 103% of the total change.

Gross margin was 77.3%, up 0.7 points from Q3 2025. Operating costs exceeded revenue by $5.0M, an operating margin of -9.1%. Operating expenses fell 14% while revenue fell 9%. The quarter ended with a net loss of $5.4M, narrower than the previous quarter's $7.5M loss. Minority interests bore $1.5M of it: to shareholders the quarter was a loss of $3.9M.

Operating cash flow was $11.4M (down 27% year over year). Non-cash charges added back $1.2M of depreciation and amortization and $5.5M of share-based compensation. Working capital and other items added $10.1M. Capital expenditures of $2.4M left free cash flow of $9.0M.

Quarterly history

Quarter	Form	Filed	Revenue	Y/Y	Op. margin	Net earnings	Op. cash flow
Q3 2026	10-Q	Nov 5, 2026	$54.6M	-9%	-9.1%	−$5.4M	$11.4M
Q2 2026	10-Q	Aug 10, 2026	$55.2M	-9%	-12.2%	−$7.5M	$11.5M
Q1 2026	10-Q	May 7, 2026	$55.9M	-6%	-359.9%	−$192M	$11.6M
Q4 2025	10-K	Feb 26, 2026	$61.5M	-1%	-43.3%	−$17.1M	$2.7M
Q3 2025	10-Q	Nov 6, 2025	$60.0M	-4%	-14.5%	−$17.8M	$15.7M
Q2 2025	10-Q	Aug 7, 2025	$60.8M	-5%	-6.9%	−$9.3M	$9.3M
Q1 2025	10-Q	May 8, 2025	$59.2M	-7%	-312.2%	−$155M	$26.1M

Charts

Latest (Q3 2026): Y/Y -9%, Q/Q -1%.

From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.

Latest (Q3 2026): Net income −$5.4M, Operating cash flow $11.4M.

+16.0% since FY2021: more shares outstanding (issuance, stock pay).

Cash $164M, short-term investments $17.3M, long-term debt $166M at 2025-12-31.

Services-Prepackaged Software; dot size is quarterly revenue; dashed lines are the industry's medians.