Filing Flows › Definitive Healthcare (DH) › Q3 2026 › vs Q3 2025
Definitive Healthcare (DH) Q3 2026 vs Q3 2025 (year over year)
Definitive Healthcare's revenue fell $5.4M (-9%) from $60.0M in Q3 2025 to $54.6M in Q3 2026. The biggest changes: Subscription Services −$5.5M (-10%); Professional Services +$140K (+8%).
Definitive Healthcare, Q3 2026: revenue $54.6M (-9% year over year), operating margin -9.1%, net loss $5.4M, operating cash flow $11.4M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 16.5% | 22.3% | -5.8 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Subscription Services | $52.7M | $58.2M | −$5.5M | -10% |
| Professional Services | $2.0M | $1.8M | $140K | +8% |
| Revenue | $54.6M | $60.0M | −$5.4M | -9% |
| Income tax benefit | $502K | −$524K | $1.0M | — |
| Net loss | $5.4M | $17.8M | −$12.4M | -70% |
| Costs & expenses | $60.6M | $77.8M | −$17.3M | -22% |
| Operating costs | $59.6M | $68.7M | −$9.1M | -13% |
| Interest & other, net | $942K | $8.6M | −$7.6M | -89% |
| Cost of revenue | $12.4M | $14.1M | −$1.6M | -12% |
| Research & development | $6.7M | $7.6M | −$884K | -12% |
| Sales & marketing | $18.7M | $20.4M | −$1.7M | -8% |
| General & admin | $12.8M | $12.4M | $430K | +3% |
| Other operating costs | $9.0M | $14.4M | −$5.4M | -37% |
| Operating cash sources | $16.8M | $33.5M | −$16.7M | -50% |
| Depreciation & amortization | $1.2M | $853K | $384K | +45% |
| Share-based compensation | $5.5M | $6.7M | −$1.2M | -17% |
| Working capital & other | $10.1M | $25.9M | −$15.9M | -61% |
| Net loss absorbed | $5.4M | $17.8M | −$12.4M | -70% |
| Operating cash flow | $11.4M | $15.7M | −$4.3M | -27% |
| Free cash flow (OCF − capex) | $9.0M | $13.4M | −$4.4M | -33% |
| Capital expenditures | $2.4M | $2.3M | $105K | +5% |
Questions
How much did Definitive Healthcare's revenue grow year over year in Q3 2026?
Definitive Healthcare's revenue fell $5.4M (-9%) from $60.0M in Q3 2025 to $54.6M in Q3 2026.
What drove Definitive Healthcare's revenue change in Q3 2026?
Subscription Services −$5.5M (-10%); Professional Services +$140K (+8%).