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Healthcare Triangle (HCTI) earnings and revenue breakdown

Latest: Q2 2026 · 10-Q filed Aug 13, 2026 · Healthcare Triangle (HCTI) Q2 2026 earnings results →

Q2 2026 Revenue up 158% year over year to $9.2M · 48¢ of every $1 of revenue lost · operating margin -44.3%

Healthcare Triangle made $9.2M in Q2 2026 (+158% Y/Y). Operating margin -44.3%, net loss $4.4M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 13, 2026.

Revenue$9.2M
Year over year+158%
Operating margin-44.3%
Net earnings−$4.4M
Operating cash flow−$833K

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 $9.2M in Q2 2026, up 158% year over year and down 7% from the previous quarter.

Gross margin was 22.5%, up 8.6 points from Q2 2025. Operating costs exceeded revenue by $4.1M, an operating margin of -44.3%. Operating expenses grew 231% against revenue growth of 158%. The fastest-growing cost line was General & admin (+308%). The quarter ended with a net loss of $4.4M, narrower than the previous quarter's $6.2M loss.

Operating cash flow was −$833K. Non-cash charges added back $529K of depreciation and amortization. Working capital and other items added $3.1M.

Quarterly history

Healthcare Triangle revenue by quarterHealthcare Triangle revenue by quarter$2.2MQ4 2024$3.7MQ1 2025$3.6MQ2 2025$3.5MQ3 2025$3.1MQ4 2025$9.9MQ1 2026$9.2MQ2 2026
Healthcare Triangle net earnings by quarterHealthcare Triangle net earnings by quarter−$1.3MQ4 2024−$1.7MQ1 2025−$1.4MQ2 2025−$1.9MQ3 2025−$4.5MQ4 2025−$6.2MQ1 2026−$4.4MQ2 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q2 202610-QAug 13, 2026$9.2M+158%-44.3%−$4.4M−$833K
Q1 202610-QMay 14, 2026$9.9M+166%-36.8%−$6.2M−$6.9M
Q4 202510-KApr 15, 2026$3.1M+43%-141.5%−$4.5M−$6.8M
Q3 202510-QNov 13, 2025$3.5M+45%-74.3%−$1.9M−$1.5M
Q2 202510-QAug 14, 2025$3.6M+19%-38.2%−$1.4M−$2.6M
Q1 202510-QMay 20, 2025$3.7M-10%-37.7%−$1.7M−$5.6M
Q4 202410-KMar 31, 2025$2.2M-69%-22.7%−$1.3M−$811K

Charts

Healthcare Triangle: revenue growth, year over year and quarter over quarterHealthcare Triangle: revenue growth, year over year and quarter over quarterY/YQ/Q-69%Q4 2024-10%+69%Q1 2025+19%-4%Q2 2025+45%-2%Q3 2025+43%-10%Q4 2025+166%+214%Q1 2026+158%-7%Q2 2026
Latest (Q2 2026): Y/Y +158%, Q/Q -7%.
Healthcare Triangle: where the cash came from (+) and went (−), TTM to Q2 2026Healthcare Triangle: where the cash came from (+) and went (−), TTM to Q2 2026Net borrowing (+) / repaid (−)$86.0MOther financing−$73.7MOperating cash flow−$16.0MShares issued$12.8MOther investing−$10.4MCash drawn (+) / kept (−)$1.4M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Healthcare Triangle: profit against cash, quarter by quarterHealthcare Triangle: profit against cash, quarter by quarterNet incomeOperating cash flow−$1.2M$715KQ3 2024−$1.3M−$811KQ4 2024−$1.7M−$5.6MQ1 2025−$1.4M−$2.6MQ2 2025−$1.9M−$1.5MQ3 2025−$4.5M−$6.8MQ4 2025−$6.2M−$6.9MQ1 2026−$4.4M−$833KQ2 2026
Latest (Q2 2026): Net income −$4.4M, Operating cash flow −$833K.
Healthcare Triangle: diluted shares by fiscal yearHealthcare Triangle: diluted shares by fiscal year28MFY202029MFY20214MFY20224MFY20230MFY20240MFY2025
-99.8% since FY2020: buybacks shrank the count.
Healthcare Triangle in its industry: growth against margin (40 companies, SIC 7373)Healthcare Triangle in its industry: growth against margin (40 companies, SIC 7373)revenue growth, year over year →↑ operating marginmedian +9%median 1%LDOSKDCACISAICPSNGDDYOTEXLAWILJKHYIOTUISWAYNTCTRBBNIONQAGYSOSPNTLSSMRTASURWYYSTEMCREXCSPIQNTDMRCOMQSSLERIMEAURKDKMRLNFUSEODYSVEEAGRHIBNAISUNIDAICHCTI (+158%, -44%)
Services-Computer Integrated Systems Design; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Healthcare Triangle

We are a healthcare information technology company focused on advancing innovative industry-transforming solutions in the sectors of cloud services, data science, and professional and managed services for the Electronic Health Record (EHR), Healthcare and Life Sciences industry. Our approach leverages our proprietary technology platforms, extensive industry knowledge, and healthcare domain expertise to provide solutions and services that reinforce healthcare progress. Through our platform, solutions, and services, we support healthcare delivery organizations, healthcare insurance companies, pharmaceutical and Life Sciences, biotech companies, and medical device manufacturers in their efforts to improve data management, develop analytical insights into their operations, and deliver measurable clinical, financial, and operational improvements.

In its own words, from its 10-K, filed Apr 15, 2026.

Healthcare Triangle against its Services-Computer Integrated Systems Design peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +158% against the peers' median +4%. Operating margin: -44.3% against the peers' median 10.0%.

CompanyQuarterRevenueY/YOp. margin
HCTI Healthcare TriangleQ2 2026$9.2M+158%-44.3%
LDOS Leidos HoldingsQ3 2026$4.6B+4%11.9%
KD Kyndryl HoldingsQ2 FY27$3.7B-2%3.1%
CACI CACI InternationalQ3 2026$2.5B+8%10.0%
SAIC Science Applications InternationalQ2 FY27$1.9B+6%8.1%
PSN ParsonsQ3 2026$1.7B+2%6.3%
GDDY GoDaddyQ3 2026$1.3B+6%27.0%
OTEX Open TextQ1 FY27$1.2B-4%20.3%
LAWIL Light & WonderQ3 2026$824M-2%29.4%

Source: Healthcare Triangle 10-Q on SEC EDGAR · CIK 1839285 · Services-Computer Integrated Systems Design

13F: who owns HCTI and who is buying

Largest holders of HCTI (13F)Largest holders of HCTI (13F)Bank of Montreal$36KGeode Capital Management, LLC$22KUBS Group AG$16KTower Research Capital LLC$2KVanguard Capital Management LLC$2KDanske Bank A/S$2
Funds' net buying of HCTI by quarter (13F)Funds' net buying of HCTI by quarter (13F)$267K2026-03−$194K2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on HCTI

History

Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results

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中文版:Healthcare Triangle(HCTI)财报

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