Quarterly ResultMay 11, 2026, 05:08 PM
Health Catalyst Q1 Net Loss $(111.0)M; $95.5M Goodwill Impairment
AI Summary
Health Catalyst, Inc. reported a significant net loss of $(111.0) million for the first quarter of 2026, primarily due to a substantial $95.5 million goodwill impairment charge. Total revenue declined to $70.8 million from $79.4 million in the same period last year, with both technology and professional services segments experiencing decreases. Despite the overall financial losses, the company saw a notable increase in net cash provided by operating activities.
Key Highlights
- Recorded a $95.5 million goodwill impairment charge in Q1 2026.
- Net loss for Q1 2026 was $(111.0) million, compared to $(23.7) million in Q1 2025.
- Diluted net loss per share was $(1.53), up from $(0.35) in the prior year period.
- Total revenue decreased to $70.8 million from $79.4 million year-over-year.
- Technology revenue was $49.5 million, down from $51.5 million in Q1 2025.
- Professional services revenue fell to $21.3 million from $27.9 million year-over-year.
- Net cash provided by operating activities significantly increased to $18.5 million from $0.3 million.
- Total assets decreased to $412.2 million as of March 31, 2026, from $502.6 million.
Price Impact
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