Is Health Catalyst, Inc. (HCAT) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 291.7% / 30% | 284.2% / 30% | 41.5% / 30% | 5.87% / 5% | ✗ NOT HALAL |
| DJIM | 291.7% / 33% | 284.2% / 33% | 41.5% / 33% | 5.87% / 5% | ✗ NOT HALAL |
| MSCI | 46.8% / 33% | 45.6% / 33% | 6.7% / 33% | 5.87% / 5% | ✗ NOT HALAL |
| S&P | 291.7% / 33% | 284.2% / 33% | 41.5% / 33% | 5.87% / 5% | ✗ NOT HALAL |
| FTSE | 46.8% / 33% | 45.6% / 33% | 6.7% / 50% | 5.87% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 49.7% | |
| Operating Margin | -4.3% | |
| Net Margin | -57.2% | |
| Return on Equity (ROE) | -58.3% | |
| Return on Assets (ROA) | -4.0% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $731,000 |
| Free Cash Flow | -$21M |
| Total Debt | $171M |
| Debt-to-Equity | 69.7 |
| Current Ratio | 1.9 |
| Total Assets | $503M |
Price & Trading
| Last Close | $1.10 |
| 50-Day MA | $1.81 |
| 200-Day MA | $2.78 |
| Avg Volume | 843K |
| Beta | 1.8 |
|
52-Week Range
$1.04
| |
About Health Catalyst, Inc. (HCAT)
Health Catalyst, Inc. provides data and analytics technology and services to healthcare organizations in the United States. The company operates in two segments: Technology and Professional Services. It offers ignite data and analytics platform that provides clients a single comprehensive environment to integrate and organize data from their disparate software systems; and applications, a software analytics applications build for ignite platform to analyze clients face across clinical improvement, revenue and cost improvement, ambulatory operations, measures and registries, and data and analytics. The company also provides expertise solutions comprising data and analytics, domain expertise and education, tech-enabled managed, and implementation services; and opportunity analysis and prioritization, data governance, data modeling and analysis, quality and process improvement strategy, cost accounting, data abstraction, and population health strategies. It serves academic medical centers, integrated delivery networks, community hospitals, large physician practices, accountable care organizations, health information exchanges, health insurers, life science organizations, healthcare technology vendors, and other risk-bearing entities. The company was formerly known as HQC Holdings, Inc. and changed its name to Health Catalyst, Inc. in March 2017. Health Catalyst, Inc. was founded in 2008 and is headquartered in South Jordan, Utah.
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Frequently Asked Questions
Is Health Catalyst, Inc. (HCAT) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Health Catalyst, Inc. is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Health Catalyst, Inc.'s debt ratio?
Health Catalyst, Inc.'s debt ratio is 291.7% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 46.8%.
What are Health Catalyst, Inc.'s key financial metrics?
Health Catalyst, Inc. has a market capitalization of $81M, and revenue of $311M. The company maintains a gross margin of 49.7% and a net margin of -57.2%. Return on equity stands at -58.3%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.