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Side-by-side financial comparison of Health Catalyst, Inc. (HCAT) and Lulu's Fashion Lounge Holdings, Inc. (LVLU). Click either name above to swap in a different company.

Health Catalyst, Inc. is the larger business by last-quarter revenue ($74.7M vs $66.1M, roughly 1.1× Lulu's Fashion Lounge Holdings, Inc.). Lulu's Fashion Lounge Holdings, Inc. runs the higher net margin — -48.2% vs -121.9%, a 73.7% gap on every dollar of revenue. On growth, Health Catalyst, Inc. posted the faster year-over-year revenue change (-6.2% vs -11.8%). Health Catalyst, Inc. produced more free cash flow last quarter ($9.6M vs $-2.6M). Over the past eight quarters, Health Catalyst, Inc.'s revenue compounded faster (-0.0% CAGR vs -14.7%).

Catalyst Pharmaceuticals, Inc. is a biopharmaceutical company based in Coral Gables, Florida, United States. The company develops medicines for rare diseases, including the phosphate salt of amifampridine for the treatment of Lambert–Eaton myasthenic syndrome (LEMS). The drug is referred to under the trade name Firdapse, which was approved by the FDA for approved use in children 6 years and older with LEMS in addition to the prior approval for use in adults with LEMS on November 28, 2018. Fir...

Lulu's Fashion Lounge Holdings, Inc. is a direct-to-consumer women's fashion retailer offering affordable, trendy apparel, footwear, and accessories. It primarily serves Gen Z and millennial consumers across North America, operating mainly via its e-commerce platform, with limited pop-up physical locations to boost customer engagement.

HCAT vs LVLU — Head-to-Head

Bigger by revenue
HCAT
HCAT
1.1× larger
HCAT
$74.7M
$66.1M
LVLU
Growing faster (revenue YoY)
HCAT
HCAT
+5.6% gap
HCAT
-6.2%
-11.8%
LVLU
Higher net margin
LVLU
LVLU
73.7% more per $
LVLU
-48.2%
-121.9%
HCAT
More free cash flow
HCAT
HCAT
$12.2M more FCF
HCAT
$9.6M
$-2.6M
LVLU
Faster 2-yr revenue CAGR
HCAT
HCAT
Annualised
HCAT
-0.0%
-14.7%
LVLU

Income Statement — Q4 FY2025 vs Q4 FY2024

Metric
HCAT
HCAT
LVLU
LVLU
Revenue
$74.7M
$66.1M
Net Profit
$-91.0M
$-31.9M
Gross Margin
37.9%
Operating Margin
-115.3%
-52.8%
Net Margin
-121.9%
-48.2%
Revenue YoY
-6.2%
-11.8%
Net Profit YoY
-340.3%
-340.9%
EPS (diluted)
$-1.29
$-13.46

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
HCAT
HCAT
LVLU
LVLU
Q4 25
$74.7M
Q3 25
$76.3M
Q2 25
$80.7M
Q1 25
$79.4M
Q4 24
$79.6M
$66.1M
Q3 24
$76.4M
$80.5M
Q2 24
$75.9M
$92.0M
Q1 24
$74.7M
$77.3M
Net Profit
HCAT
HCAT
LVLU
LVLU
Q4 25
$-91.0M
Q3 25
$-22.2M
Q2 25
$-41.0M
Q1 25
$-23.7M
Q4 24
$-20.7M
$-31.9M
Q3 24
$-14.7M
$-6.9M
Q2 24
$-13.5M
$-10.8M
Q1 24
$-20.6M
$-5.7M
Gross Margin
HCAT
HCAT
LVLU
LVLU
Q4 25
Q3 25
52.6%
Q2 25
Q1 25
Q4 24
37.9%
Q3 24
47.5%
38.1%
Q2 24
45.5%
Q1 24
42.3%
Operating Margin
HCAT
HCAT
LVLU
LVLU
Q4 25
-115.3%
Q3 25
-22.9%
Q2 25
-46.0%
Q1 25
-25.4%
Q4 24
-22.0%
-52.8%
Q3 24
-17.9%
-8.5%
Q2 24
-20.8%
-4.9%
Q1 24
-30.5%
-8.0%
Net Margin
HCAT
HCAT
LVLU
LVLU
Q4 25
-121.9%
Q3 25
-29.1%
Q2 25
-50.8%
Q1 25
-29.9%
Q4 24
-26.0%
-48.2%
Q3 24
-19.3%
-8.5%
Q2 24
-17.8%
-11.7%
Q1 24
-27.6%
-7.4%
EPS (diluted)
HCAT
HCAT
LVLU
LVLU
Q4 25
$-1.29
Q3 25
$-0.32
Q2 25
$-0.59
Q1 25
$-0.35
Q4 24
$-0.33
$-13.46
Q3 24
$-0.24
$-2.47
Q2 24
$-0.23
$-3.92
Q1 24
$-0.35
$-0.15

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
HCAT
HCAT
LVLU
LVLU
Cash + ST InvestmentsLiquidity on hand
$95.7M
$4.5M
Total DebtLower is stronger
$153.3M
Stockholders' EquityBook value
$245.8M
$13.4M
Total Assets
$502.6M
$108.2M
Debt / EquityLower = less leverage
0.62×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HCAT
HCAT
LVLU
LVLU
Q4 25
$95.7M
Q3 25
$91.5M
Q2 25
$97.3M
Q1 25
$342.0M
Q4 24
$392.0M
$4.5M
Q3 24
$387.3M
$6.3M
Q2 24
$308.3M
$1.8M
Q1 24
$327.8M
$5.5M
Total Debt
HCAT
HCAT
LVLU
LVLU
Q4 25
$153.3M
Q3 25
$153.1M
Q2 25
$153.0M
Q1 25
$382.9M
Q4 24
$382.4M
Q3 24
$345.0M
Q2 24
Q1 24
Stockholders' Equity
HCAT
HCAT
LVLU
LVLU
Q4 25
$245.8M
Q3 25
$331.9M
Q2 25
$347.5M
Q1 25
$376.8M
Q4 24
$365.2M
$13.4M
Q3 24
$355.0M
$43.8M
Q2 24
$357.0M
$48.7M
Q1 24
$357.2M
$57.7M
Total Assets
HCAT
HCAT
LVLU
LVLU
Q4 25
$502.6M
Q3 25
$587.1M
Q2 25
$616.2M
Q1 25
$891.5M
Q4 24
$858.9M
$108.2M
Q3 24
$813.0M
$153.5M
Q2 24
$691.7M
$145.3M
Q1 24
$695.1M
$160.6M
Debt / Equity
HCAT
HCAT
LVLU
LVLU
Q4 25
0.62×
Q3 25
0.46×
Q2 25
0.44×
Q1 25
1.02×
Q4 24
1.05×
Q3 24
0.97×
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
HCAT
HCAT
LVLU
LVLU
Operating Cash FlowLast quarter
$9.9M
$-2.5M
Free Cash FlowOCF − Capex
$9.6M
$-2.6M
FCF MarginFCF / Revenue
12.9%
-3.9%
Capex IntensityCapex / Revenue
0.4%
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-697.0K
$1.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HCAT
HCAT
LVLU
LVLU
Q4 25
$9.9M
Q3 25
$-464.0K
Q2 25
$-9.0M
Q1 25
$280.0K
Q4 24
$-3.5M
$-2.5M
Q3 24
$6.2M
$-5.5M
Q2 24
$1.6M
$3.7M
Q1 24
$10.3M
$6.9M
Free Cash Flow
HCAT
HCAT
LVLU
LVLU
Q4 25
$9.6M
Q3 25
$-719.0K
Q2 25
$-9.2M
Q1 25
$-390.0K
Q4 24
$-3.9M
$-2.6M
Q3 24
$5.5M
$-5.9M
Q2 24
$1.3M
$3.4M
Q1 24
$10.1M
$6.4M
FCF Margin
HCAT
HCAT
LVLU
LVLU
Q4 25
12.9%
Q3 25
-0.9%
Q2 25
-11.4%
Q1 25
-0.5%
Q4 24
-4.9%
-3.9%
Q3 24
7.2%
-7.3%
Q2 24
1.7%
3.7%
Q1 24
13.5%
8.3%
Capex Intensity
HCAT
HCAT
LVLU
LVLU
Q4 25
0.4%
Q3 25
0.3%
Q2 25
0.3%
Q1 25
0.8%
Q4 24
0.5%
0.0%
Q3 24
0.9%
0.5%
Q2 24
0.4%
0.4%
Q1 24
0.3%
0.7%

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

HCAT
HCAT

Recurring Technology$51.9M69%
Professional Services$22.8M31%

LVLU
LVLU

Single Reportable Segment$63.0M95%
Other$2.4M4%
Stored Value Cards$750.0K1%

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