Health Catalyst (HCAT) Reports Q1: Everything You Need To Know Ahead Of Earnings

May 13, 2026 - 05:50

Healthcare data analytics firm Health Catalyst is scheduled to release its first quarter financial results after the market closes on Monday. Investors are watching closely as the company continues to navigate a challenging environment for healthcare technology spending.

Analysts expect the company to report a loss of 16 cents per share on revenue of approximately $75.8 million. This would represent a slight decline from the same period last year, when Health Catalyst posted revenue of $76.2 million. The company has been working to improve its profitability through cost-cutting measures and a shift toward higher-margin software subscriptions.

Health Catalyst has faced headwinds from longer sales cycles in the healthcare sector, as hospitals and health systems remain cautious with their technology budgets. However, the company's core data platform and analytics tools remain in demand as providers seek ways to improve clinical outcomes and operational efficiency.

Key areas to watch in the report include the company's backlog of contracted but not yet recognized revenue, known as its remaining performance obligations. This metric provides insight into future revenue visibility. Investors will also look for updates on the company's progress toward achieving profitability on an adjusted basis.

The stock has been volatile over the past year, reflecting uncertainty about the pace of recovery in healthcare IT spending. A strong quarter could provide a catalyst for shares, while any disappointment may lead to further pressure.