Health Catalyst, Inc. (HCAT) Financial Ratio Screen

NASDAQ Healthcare United States USD 81M
RATIOS FAIL*
Automated financial screen · activity assessed separately
Health Catalyst, Inc. (HCAT) is potentially non-compliant in the automated ratio model. The company's debt ratio of 34.1% exceeds the 30% MSCI new-inclusion threshold relative to total assets. Health Catalyst, Inc. operates in the Healthcare sector.

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MSCI new-inclusion financial-ratio snapshot

HCAT financial screening at a glance

RATIOS FAIL*Financial ratios shown separately from business review — not a fatwa
Debt ratio
34.1%
Fail vs 30%
Cash ratio
19.0%
Pass vs 30%
Receivables + cash
30.8%
Fail vs 30%
Impermissible income
2.4%
Pass vs 5%

Calculation date: 2026-09-01. Financial period used: December 2025. The ratios are automated proxies inspired by published methodologies; they are not official index determinations.

Independent method comparison

What the available screens say

How MSCI, FTSE and S&P-style screens differ
Request this stock review
MSCI-styleFinancial criteria not metAt least one available ratio exceeds its threshold
FTSE/Yasaar-styleFinancial criteria not metAt least one available ratio exceeds its threshold
S&P-style provisionalNot yet availableRequired denominator or financial data is incomplete
Business activityAssessment pendingFinancial results do not determine business permissibility
Complete screening result: not yet completeA complete result requires both supported financial criteria and adequate activity evidence. This site does not issue a fatwa or official index decision.
Financial periodDecember 2025Calculation date2026-09-01S&P-style historynot availableLast activity reviewnot yet reviewed

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Business activity evidence

Activity assessment in progress

The supplied classification (Health Information Services) is only a starting point. Revenue evidence is being assessed before any complete screening conclusion.

Revenue segments: Not yet checked against an SEC annual filing.

Profile description reviewed: 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.

Sources to verify: Secondary company profile and classification · Issuer website · SEC issuer filings

A sector label or company description can flag a risk but cannot establish a compliant-revenue percentage. Only sourced segment disclosures may support that calculation.

Published-ratio reproductions (not certifications)

The table shows implemented MSCI and FTSE/Yasaar-style asset-based models plus a provisional S&P-style leverage reconstruction where a complete 36-month denominator exists. These are independent calculations, not official index results or Shariah determinations. See formulas, sources and limitations.

Based on financial data from December 2025

Standard Debt Ratio Cash Ratio Receivables Income Status
MSCI 34.1%
/ 30%
19.0%
/ 30%
30.8%
/ 30%
2.42%
/ 5%
RATIOS FAIL*
FTSE 34.1%
/ 33%
19.0%
/ 33%
30.8%
/ 50%
2.42%
/ 5%
RATIOS FAIL*

Financial Highlights

EPS
$-2.55
P/B Ratio
0.3
EV/EBITDA
-30.3
EV: $156M
Revenue
$311M
Growth: -6.2%
Beta
1.8
High volatility
Current Ratio
1.9

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-Equity69.7
Current Ratio1.9
Total Assets$503M

Price & Trading

Last Close$1.10
50-Day MA$1.81
200-Day MA$2.78
Avg Volume843K
Beta1.8
52-Week Range
$1.04
$5.06

Financial data provenance and verification

The displayed fields were imported from yfinance on 2026-03-29 for the financial period December 2025. This is a secondary data feed and can differ from amended or newly filed statements.

Verification rule: check debt, cash, receivables, revenue and interest income against the latest primary filing before relying on an automated ratio.

About Health Catalyst, Inc. (HCAT)

CEO
Mr. Benjamin Albert
Employees
1,200
Sector
Healthcare
Industry
Health Information Services
Country
United States
Exchange
NASDAQ
Market Cap (listing currency)
USD 81M
Currency
USD

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?

The current automated result is Financial criteria not met or an activity exclusion was detected. It uses available public financial fields and simplified methodology proxies. It is not a fatwa or an official determination by AAOIFI, DJIM, MSCI, S&P, or FTSE.

What is Health Catalyst, Inc.'s debt ratio?

Health Catalyst, Inc.'s debt ratio is 34.1% in the MSCI new-inclusion reproduction: total debt divided by total assets, against a 30% threshold. See the methodology page for the official source and limitations.

What are Health Catalyst, Inc.'s key financial metrics?

Health Catalyst, Inc. has a market capitalization of USD 81M in its listing currency, 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?

Calculation date: 2026-09-01. Financial period: December 2025. These dates are shown separately because regenerating this page does not refresh the underlying data.

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.