Saturday 17 October 2026
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Definitive Healthcare Corp.
DH Healthcare Health Information Services
Definitive Healthcare Corp.’s revenue for fiscal 2025 (year ended December 2025) was $241.5 million, down 4.24% from fiscal 2024. In the quarter to June 2026, revenue fell 9.14%, EPS grew 28.6%, free cash flow grew 21.4% and total debt fell 4.97%, each against the same quarter a year earlier.
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | — | — | — | — | — | 24.66 | 9.53 | 5.53 | 3.19 | 2.15 |
Analyst estimates 2026–2028 Powerpack |
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| High | — | — | — | — | — | 50.30 | 30.11 | 14.03 | 10.62 | 5.68 | |||||
| People | |||||||||||||||
| People | Employees | — | — | — | — | 625 | 676 | 974 | 830 | 782 | 686 | ||||
| Revenue/emp, $m | — | — | — | 0.00 | 0.19 | 0.25 | 0.23 | 0.30 | 0.32 | 0.35 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | — | — | — | 86 | 118 | 166 | 223 | 251 | 252 | 242 | ||||
| Gross margin, % | — | — | — | 78.23 | 74.25 | 75.51 | 80.86 | 81.11 | 78.30 | 75.88 | |||||
| EBT | — | — | — | (36) | (53) | (63) | (42) | (308) | (634) | (209) | |||||
| EBT margin, % | — | — | — | (42.57) | (44.46) | (37.78) | (18.81) | (122.58) | (251.28) | (86.64) | |||||
| Net income | — | 0 | — | (36) | (53) | (62) | (24) | (290) | (591) | (199) | |||||
| Depreciation | — | — | — | 36 | 63 | 66 | 66 | 353 | 757 | 269 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | — | — | — | 0.57 | 1.22 | 1.81 | 2.20 | 2.23 | 2.16 | 2.26 | ||||
| Earnings | — | — | — | (0.24) | (0.34) | (0.68) | (0.06) | (1.79) | (3.54) | (1.30) | |||||
| Cash flow | — | — | — | 0.14 | 0.24 | 0.27 | 0.35 | 0.37 | 0.50 | 0.50 | |||||
| Capex | — | — | — | (0.01) | (0.01) | (0.07) | (0.08) | (0.03) | (0.11) | (0.16) | |||||
| Free cash flow | — | — | — | 0.13 | 0.22 | 0.20 | 0.27 | 0.34 | 0.39 | 0.35 | |||||
| Book value | — | — | — | 8.16 | 12.32 | 16.32 | 14.66 | 10.63 | 5.21 | 3.55 | |||||
| Shares, m | — | — | — | 149 | 97 | 92 | 101 | 113 | 117 | 107 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||
| P/S | — | — | — | 45.94 | 45.94 | 15.12 | 5.09 | 4.55 | 1.90 | 1.27 | |||||
| P/B | — | — | — | 5.50 | 5.50 | 1.67 | 0.76 | 0.95 | 0.79 | 0.81 | |||||
| EV/Sales | — | — | — | 48.95 | 48.95 | 14.42 | 4.78 | 4.35 | 1.71 | 1.20 | |||||
| EV/FCF | — | — | — | 267.71 | 267.71 | 129.61 | 39.08 | 28.60 | 9.43 | 7.83 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | 22 | 23 | 25 | 36 | 41 | 58 | 54 | ||||
| Capex | — | — | — | (2) | (1) | (7) | (8) | (3) | (12) | (17) | |||||
| Free cash flow | — | — | — | 20 | 22 | 18 | 27 | 38 | 46 | 37 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | — | — | — | (34) | (25) | 321 | 273 | 223 | 209 | 101 | ||||
| Total debt | — | — | — | 439 | 462 | 271 | 264 | 256 | 243 | 165 | |||||
| Net debt | — | — | — | 431 | 437 | (117) | (68) | (52) | (47) | (16) | |||||
| Shareholders’ equity | — | — | — | 1,216 | 1,196 | 1,500 | 1,482 | 1,199 | 607 | 379 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | — | — | — | 0.00 | (2.95) | (0.92) | (0.34) | (10.25) | (28.34) | (15.23) | ||||
| ROIC | — | — | — | (0.68) | (0.61) | (1.23) | (1.95) | (17.96) | (79.31) | (38.62) | |||||
| ROE | — | — | — | 0.00 | (4.24) | (1.32) | (0.48) | (15.10) | (45.74) | (28.18) | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
Definitive Healthcare Corp. vs peers in Health Information Services (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| CSLT Castlight Health, inc. | $332.4M | — (loss-making) | — (loss-making) | −0.86% (below 0%: shrinking) | n/m | +106.49% (above 0%: growing) | 66.20% | (5.42%) | Compare |
| SPOK Spok Holdings, Inc. | $224.5M | 17.7× | 16.2× | −1.89% (below 0%: shrinking) | −9.09% (below 0%: shrinking) | −2.00% (below 0%: shrinking) | 80.47% | 15.50% | Compare |
| AMWL American Well Corporation | $210.6M | — (loss-making) | — (loss-making) | −26.59% (below 0%: shrinking) | n/m | +266.38% (above 0%: growing) | 52.95% | (18.36%) | Compare |
| SY So-Young International Inc. Sponsored ADR | $198.9M | — (loss-making) | 12.8× | +40.84% (above 0%: growing) | n/m | −798.37% (below 0%: shrinking) | 44.11% | (8.64%) | Compare |
| OPRX OptimizeRx Corp. | $166.7M | 35.4× | 23.0× | −29.77% (below 0%: shrinking) | n/m | +89.86% (above 0%: growing) | 76.51% | (0.43%) | Compare |
| DH Definitive Healthcare Corp. | $144.3M | — (loss-making) | — (loss-making) | −9.14% (below 0%: shrinking) | n/m | +21.44% (above 0%: growing) | 73.45% | (12.23%) | |
| HCAT Health Catalyst, Inc. | $135.5M | — (loss-making) | — (loss-making) | −12.68% (below 0%: shrinking) | n/m | +64.26% (above 0%: growing) | 49.46% | (51.75%) | Compare |
| LFMD LifeMD, Inc. | $118.6M | — (loss-making) | — (loss-making) | −3.55% (below 0%: shrinking) | n/m | −247.52% (below 0%: shrinking) | 88.82% | (15.08%) | Compare |
| CCLD CareCloud, Inc. | $82.0M | 26.4× | 12.5× | +16.45% (above 0%: growing) | n/m | +6.15% (above 0%: growing) | 45.24% | 5.84% | Compare |
| Median of peers | $182.8M | 26.4× | 14.5× | −2.72% | — | +35.21% | 59.58% | (7.03%) |
Definitive Healthcare Corp. (DH) key facts
- Concern: Definitive Healthcare Corp.’s revenue for fiscal 2025 (year ended December 2025) was $241.5 million, down 4.24% from fiscal 2024.
- Definitive Healthcare Corp. (DH) is a Health Information Services company in the Healthcare sector, listed on Nasdaq.
- As of October 16, 2026, DH traded at $1.00, a market capitalization of $144.3 million.
- Return on equity was −28.2% and debt-to-equity 0.86.
- Its Piotroski F-score is 5 out of 9 and its Altman Z-score is −1.48 (distress zone) for fiscal 2025.