Quarterly ResultMay 11, 2026, 04:18 PM
Health Catalyst Q1 Net Loss $(111)M on Goodwill Impairment; Revenue Down 11%
AI Summary
Health Catalyst reported a Q1 2026 net loss of $(111.0) million, a 368% increase from the prior year, primarily due to a $95.5 million goodwill impairment. Total revenue decreased by 11% to $70.8 million, while Adjusted EBITDA increased by 46% to $9.1 million, exceeding expectations. The company announced a strategic reset to transform its operating model and provided Q2 2026 revenue guidance of $68-$70 million and full-year guidance of $260-$265 million.
Key Highlights
- Announced a strategic reset to transform its operating model.
- Recognized $95.5 million goodwill impairment in Q1 2026.
- Q1 2026 total revenue decreased 11% to $70.8 million.
- Reported Q1 2026 net loss of $(111.0) million, up 368% YoY.
- Adjusted EBITDA increased 46% to $9.1 million, exceeding expectations.
- Q1 2026 net loss per share was $(1.53).
- Forecasts Q2 2026 revenue of $68-$70 million.
- Projects full-year 2026 revenue of $260-$265 million.