Filing Flows › Health Catalyst (HCAT) › How it makes money
How Health Catalyst (HCAT) makes money
Health Catalyst (HCAT) made $56.3M of revenue in the third quarter 2026 (Q3 2026), -26% from a year earlier. Technology brought in $40.7M (72%); Accumulated Impairment Losses brought in $15.6M (28%). Of every dollar of revenue, 89¢ was left as operating profit, 72¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Technology | $40.7M | 72.3% | -17% | -22% |
| Accumulated Impairment Losses | $15.6M | 27.7% | -28% | -36% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $56.3M | 100.0% |
| Operating profit | $50.1M | 89.1% |
| Net earnings | $40.5M | 72.0% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $56.3M | -26% |
| Q2 2026 | $70.5M | -13% |
| Q1 2026 | $70.8M | -11% |
| Q4 2025 | $74.7M | -6% |
| Q3 2025 | $76.3M | 0% |
| Q2 2025 | $80.7M | +6% |
| Q1 2025 | $79.4M | +6% |
From Health Catalyst's 10-Q filed Nov 5, 2026 (on EDGAR).
Questions
How does Health Catalyst make money?
Health Catalyst (HCAT) made $56.3M of revenue in the third quarter 2026 (Q3 2026), -26% from a year earlier. Technology brought in $40.7M (72%); Accumulated Impairment Losses brought in $15.6M (28%). Of every dollar of revenue, 89¢ was left as operating profit, 72¢ was left as net earnings.
What is Health Catalyst's biggest business?
Technology: $40.7M in the third quarter 2026, 72% of revenue, -22% from a year earlier.
What is Health Catalyst's profit margin?
Net earnings were $40.5M, 72.0% of revenue, in the third quarter 2026; the operating margin was 89.1%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.