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Side-by-side financial comparison of Health Catalyst, Inc. (HCAT) and ATRenew Inc. (RERE). Click either name above to swap in a different company.

Health Catalyst, Inc. is the larger business by last-quarter revenue ($74.7M vs $43.2M, roughly 1.7× ATRenew Inc.). ATRenew Inc. runs the higher net margin — 16.9% vs -121.9%, a 138.8% gap on every dollar of revenue.

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...

ATRenew Inc. operates a leading pre-owned consumer electronics transaction and servicing ecosystem primarily in China. Its core services include end-to-end device recycling, professional quality inspection, certified refurbishment, and resale of smartphones, laptops, tablets and other digital products, serving both individual consumers and enterprise clients across domestic and select Southeast Asian markets.

HCAT vs RERE — Head-to-Head

Bigger by revenue
HCAT
HCAT
1.7× larger
HCAT
$74.7M
$43.2M
RERE
Higher net margin
RERE
RERE
138.8% more per $
RERE
16.9%
-121.9%
HCAT

Income Statement — Q4 FY2025 vs Q1 FY2023

Metric
HCAT
HCAT
RERE
RERE
Revenue
$74.7M
$43.2M
Net Profit
$-91.0M
$7.3M
Gross Margin
Operating Margin
-115.3%
Net Margin
-121.9%
16.9%
Revenue YoY
-6.2%
Net Profit YoY
-340.3%
EPS (diluted)
$-1.29

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
RERE
RERE
Q4 25
$74.7M
Q3 25
$76.3M
Q2 25
$80.7M
Q1 25
$79.4M
Q4 24
$79.6M
Q3 24
$76.4M
Q2 24
$75.9M
Q1 24
$74.7M
Net Profit
HCAT
HCAT
RERE
RERE
Q4 25
$-91.0M
Q3 25
$-22.2M
Q2 25
$-41.0M
Q1 25
$-23.7M
Q4 24
$-20.7M
Q3 24
$-14.7M
Q2 24
$-13.5M
Q1 24
$-20.6M
Gross Margin
HCAT
HCAT
RERE
RERE
Q4 25
Q3 25
52.6%
Q2 25
Q1 25
Q4 24
Q3 24
47.5%
Q2 24
Q1 24
Operating Margin
HCAT
HCAT
RERE
RERE
Q4 25
-115.3%
Q3 25
-22.9%
Q2 25
-46.0%
Q1 25
-25.4%
Q4 24
-22.0%
Q3 24
-17.9%
Q2 24
-20.8%
Q1 24
-30.5%
Net Margin
HCAT
HCAT
RERE
RERE
Q4 25
-121.9%
Q3 25
-29.1%
Q2 25
-50.8%
Q1 25
-29.9%
Q4 24
-26.0%
Q3 24
-19.3%
Q2 24
-17.8%
Q1 24
-27.6%
EPS (diluted)
HCAT
HCAT
RERE
RERE
Q4 25
$-1.29
Q3 25
$-0.32
Q2 25
$-0.59
Q1 25
$-0.35
Q4 24
$-0.33
Q3 24
$-0.24
Q2 24
$-0.23
Q1 24
$-0.35

Balance Sheet & Financial Strength

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

Metric
HCAT
HCAT
RERE
RERE
Cash + ST InvestmentsLiquidity on hand
$95.7M
$228.0M
Total DebtLower is stronger
$153.3M
Stockholders' EquityBook value
$245.8M
$557.1M
Total Assets
$502.6M
$722.9M
Debt / EquityLower = less leverage
0.62×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HCAT
HCAT
RERE
RERE
Q4 25
$95.7M
Q3 25
$91.5M
Q2 25
$97.3M
Q1 25
$342.0M
Q4 24
$392.0M
Q3 24
$387.3M
Q2 24
$308.3M
Q1 24
$327.8M
Total Debt
HCAT
HCAT
RERE
RERE
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
RERE
RERE
Q4 25
$245.8M
Q3 25
$331.9M
Q2 25
$347.5M
Q1 25
$376.8M
Q4 24
$365.2M
Q3 24
$355.0M
Q2 24
$357.0M
Q1 24
$357.2M
Total Assets
HCAT
HCAT
RERE
RERE
Q4 25
$502.6M
Q3 25
$587.1M
Q2 25
$616.2M
Q1 25
$891.5M
Q4 24
$858.9M
Q3 24
$813.0M
Q2 24
$691.7M
Q1 24
$695.1M
Debt / Equity
HCAT
HCAT
RERE
RERE
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
RERE
RERE
Operating Cash FlowLast quarter
$9.9M
Free Cash FlowOCF − Capex
$9.6M
FCF MarginFCF / Revenue
12.9%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-697.0K

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HCAT
HCAT
RERE
RERE
Q4 25
$9.9M
Q3 25
$-464.0K
Q2 25
$-9.0M
Q1 25
$280.0K
Q4 24
$-3.5M
Q3 24
$6.2M
Q2 24
$1.6M
Q1 24
$10.3M
Free Cash Flow
HCAT
HCAT
RERE
RERE
Q4 25
$9.6M
Q3 25
$-719.0K
Q2 25
$-9.2M
Q1 25
$-390.0K
Q4 24
$-3.9M
Q3 24
$5.5M
Q2 24
$1.3M
Q1 24
$10.1M
FCF Margin
HCAT
HCAT
RERE
RERE
Q4 25
12.9%
Q3 25
-0.9%
Q2 25
-11.4%
Q1 25
-0.5%
Q4 24
-4.9%
Q3 24
7.2%
Q2 24
1.7%
Q1 24
13.5%
Capex Intensity
HCAT
HCAT
RERE
RERE
Q4 25
0.4%
Q3 25
0.3%
Q2 25
0.3%
Q1 25
0.8%
Q4 24
0.5%
Q3 24
0.9%
Q2 24
0.4%
Q1 24
0.3%

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%

RERE
RERE

Segment breakdown not available.

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