R&D expense · 2017–2025

Health Catalyst R&D expense

$49.8M−14.1% · FY2025

Health Catalyst (HCAT) reported $49.8M in R&D expense for fiscal 2025, −14.1% year on year.

$28.5M2017$38.6M2018$46.3M2019$53.5M2020$62.7M2021$75.7M2022$72.6M2023$58.0M2024$49.8M2025
Health Catalyst — R&D expense, 2017–2025
Fiscal yearR&D expenseChangeFiling
FY20252025-12-31$49.8M−14.1%Open →
FY20242024-12-31$58.0M−20.2%Open →
FY20232023-12-31$72.6M−4.0%Open →
FY20222022-12-31$75.7M+20.6%Open →
FY20212021-12-31$62.7M+17.2%Open →
FY20202020-12-31$53.5M+15.7%Open →
FY20192019-12-31$46.3M+19.8%Open →
FY20182018-12-31$38.6M+35.6%Open →
FY20172017-12-31$28.5M—Open →

R&D expense — Research and development expense is what the company charged to R&D in the income statement for the year. Most companies report no R&D at all — the line is absent rather than zero — so this ranking covers the roughly 40% of filers that do.

Every row links to its own SEC filing · Fiscal year 2025 · Data as of September 25, 2026 · 2017–2025 compound annual growth +7.2%

R&D expense at companies of similar size

Full ranking by R&D expense →

Cite this page

Ready-made references for the figures on this page, as published on September 25, 2026.

Wikipedia

{{cite web |title=Health Catalyst R&D expense |url=https://companiesranked.com/en/company/health-catalyst/research-and-development-expense |website=CompaniesRanked |date=2026-09-25 |language=en}}

APA 7

CompaniesRanked. (September 25, 2026). Health Catalyst R&D expense. CompaniesRanked. https://companiesranked.com/en/company/health-catalyst/research-and-development-expense

BibTeX

@misc{companiesranked-en-company-health-catalyst-research-and-development-expense-2026,
  author       = {{CompaniesRanked}},
  title        = {{Health Catalyst R\&D expense}},
  year         = {2026},
  howpublished = {\url{https://companiesranked.com/en/company/health-catalyst/research-and-development-expense}},
  note         = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
  urldate      = {2026-09-25}
}

The filing itself

The numbers above are read from this document: 10-K · 0001636422-26-000035 · March 12, 2026

{{cite web |title=Health Catalyst R&D expense — 10-K (0001636422-26-000035) |url=https://www.sec.gov/Archives/edgar/data/1636422/000163642226000035/hcat-20251231.htm |website=SEC EDGAR |publisher=U.S. Securities and Exchange Commission |date=2026-03-12}}

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