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Jun 30, 2025
Health Catalyst Q2 2025 Earnings Report
Health Catalyst reported strong financial results for the second quarter of 2025, exceeding guidance on total revenue and Adjusted EBITDA.
Key Takeaways
Health Catalyst delivered a strong performance in Q2 2025, with total revenue reaching $80.7 million and Adjusted EBITDA at $9.3 million, both surpassing the company's guidance. Despite a significant net loss, the company's core operational metrics showed positive growth.
Total revenue for Q2 2025 was $80.7 million, marking a 6% increase year-over-year.
Adjusted EBITDA reached $9.3 million in Q2 2025, a 24% increase compared to the same period last year.
The company reported a net loss of $40.978 million for the quarter, a significant increase from the prior year, primarily due to goodwill impairment.
Dan Burton, CEO, announced his plan to retire effective June 30, 2026, with a search for his successor underway.
Revenue by Segment
Forward Guidance
For the third quarter of 2025, Health Catalyst expects total revenue of approximately $75 million and Adjusted EBITDA of approximately $10.5 million. For the full year 2025, total revenue is projected to be around $310 million, with Adjusted EBITDA at approximately $41 million.
Positive Outlook
- Expected total revenue of approximately $75 million for Q3 2025.
- Anticipated Adjusted EBITDA of approximately $10.5 million for Q3 2025.
- Full-year 2025 total revenue guidance of approximately $310 million.
- Full-year 2025 Adjusted EBITDA guidance of approximately $41 million.
- The company continues to provide forward-looking guidance on key financial metrics.
Challenges Ahead
- No forward-looking guidance provided for net loss, the most directly comparable GAAP measure to Adjusted EBITDA.
- Items impacting net loss, such as stock-based compensation, are not within the company's control or cannot be reasonably forecasted.
- The guidance is subject to various risks and uncertainties, including changes in laws, market conditions, and macroeconomic challenges.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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