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Healthcare Triangle Inc

Company price
3.645 USD -0.06 ( 1.49%)
Last update at 2026-11-09T15:30:00Z
VOLUME
7495
Market Cap
10.67M

Momentum Score

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Healthcare Triangle, Inc., a healthcare information technology company, focuses on advancing solutions in the sectors of cloud services, data science, and professional and managed services for the electronic health record, and healthcare and life sciences industry. It provides a suite of software, solutions, platforms, and services that enables healthcare and pharma organizations to deliver personalized healthcare, precision medicine, advances in drug discovery, development and efficacy, collaborative research and development, respond to evidence, and accelerate their digital transformation. The company's software platforms include CloudEz, an enterprise multi-cloud transformation and management platform that enables customers to manage their cloud infrastructure in private, hybrid, and public cloud infrastructures; DataEz, a cloud-based data analytics and data science platform for the data analytics and data science requirements of life sciences/pharmaceutical and healthcare provider organizations; Blockchain infrastructure; and Cybersecurity navigator. It also provides Readabl.AI, a Software-as-a-Service solution that uses public cloud artificial intelligence and machine learning to recognize and extract healthcare information from documents, faxes, and narrative reports. In addition, the company offers cloud IT services; and healthcare IT services, such as electronic health records and software implementation, optimization, and extension to community partners, as well as application managed services, and backup and disaster recovery capabilities on public cloud. It also serves healthcare delivery organizations, healthcare insurance companies, pharmaceutical and life sciences, biotech companies, and medical device manufacturers. Healthcare Triangle, Inc. was incorporated in 2019 and is based in Pleasanton, California.

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Day Price Range
3.63
Low
3.98
High
52 Week Price Range
0.71
Low
223.20
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Healthcare Triangle Inc provides cloud, data analytics and digital transformation services to healthcare and life‑sciences organizations, with emphasis on secure cloud migration and regulatory compliance. Long-term growth may be supported by accelerating healthcare digitalization, rising demand for cloud-based analytics and AI, and value-based care trends. Investors may see value in its vertical focus and potential for recurring contracts in healthcare IT.

Key risks include limited scale and liquidity, historical unprofitability and execution risk versus large cloud and consulting competitors, plus sensitivity to regulatory changes and customer concentration.

Risk Score
High

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
3.70
Dividend Yield
-
Revenue TTM
25.67M
Revenue Per Share
32.39
Gross Profit TTM
5.53M
Debt / Equity
1.08
ROE
-57.41%
Net Debt
3.11M
ROCE
-89.59%
Diluted EPS TTM
-5.78

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax -9.48M -5.96M -8.65M -9.55M -5.93M
Net income -9.48M -5.97M -8.69M -9.61M -5.95M
Selling general administrative 7.34M 3.95M 5.73M 5.58M 4.44M
Selling and marketing expenses 3.08M 2.20M 4.67M 6.81M 4.76M
Gross profit 1.89M 2.89M 6.78M 11.29M 10.52M
Reconciled depreciation 0.70M 0.89M 3.30M 3.37M 1.42M
Ebit -8.91M -4.74M -7.68M -10.42M -5.36M
Ebitda -8.20M -3.85M -6.12M -7.04M -3.94M
Depreciation and amortization 0.70M 0.89M 1.57M 3.37M 1.42M
Operating income -9.79M -4.75M -7.70M -10.42M -5.36M
Other operating expenses 23.68M 16.45M 40.90M 56.30M 40.63M
Interest expense 0.57M 1.21M 0.97M 0.21M 0.57M
Tax provision 0.00M 0.01M 0.04M 0.06M 0.02M
Net interest income -0.57M -1.21M -0.75M -0.21M -0.57M
Income tax expense - 0.01M 0.04M 0.06M 0.02M
Total revenue 13.89M 11.70M 33.20M 45.89M 35.27M
Total operating expenses 11.68M 7.64M 14.47M 21.71M 15.88M
Cost of revenue 12.00M 8.81M 26.43M 34.59M 24.75M
Total other income expense net 0.31M -1.21M -0.96M 0.87M -0.57M
Net income from continuing ops -9.48M -5.97M -11.87M -9.61M -5.95M
Net income applicable to common shares - - - - -5.95M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 22.74M 1.96M 10.05M 20.76M 24.61M
Intangible assets 2.81M 3.97M 3.97M 10.57M 10.46M
Other current assets 3.46M 0.32M 1.26M 0.82M 0.36M
Total liab 12.79M 7.08M 9.51M 8.38M 8.48M
Total stockholder equity 9.98M -5.11M 0.54M 12.39M 16.13M
Other current liab 1.31M 1.89M 2.74M 2.25M 0.92M
Common stock 0.01M - - - 0.00M
Capital stock 7.45M 7.43M 0.00M 0.00M 0.00M
Retained earnings -43.00M -33.57M -24.91M -12.57M -2.66M
Other liab - - - 2.23M 2.23M
Good will 2.95M 0.00M 0.00M 1.29M 1.29M
Other assets - - - 1.07M 0.82M
Cash 7.62M 0.02M 1.23M 1.34M 1.77M
Total current liabilities 12.79M 7.08M 8.12M 6.15M 6.25M
Net debt 3.11M 2.63M 3.08M 1.07M 1.68M
Short term debt 10.74M 2.65M 3.43M 2.41M 3.45M
Short long term debt 10.74M 2.65M 3.43M 2.41M 3.28M
Short long term debt total 10.74M 2.65M 4.32M 2.41M 3.45M
Other stockholder equity 45.53M 21.02M 25.44M 24.96M 18.80M
Property plant equipment - - - 0.08M 0.25M
Total current assets 13.15M 1.45M 5.73M 7.75M 11.80M
Net tangible assets - - - - 4.39M
Net receivables 2.07M 1.11M 3.24M 5.59M 9.67M
Long term debt - - 0.89M - -
Accounts payable 0.74M 2.54M 1.95M 1.48M 1.87M
Non currrent assets other 3.83M 0.50M 0.30M 1.07M 0.82M
Non current assets total 9.59M 0.51M 4.32M 13.01M 12.81M
Capital lease obligations - - 0.00M 0.00M 0.18M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments - 0.00M -0.02M -3.32M -7.63M
Change to liabilities - - - 0.00M -2.48M
Total cashflows from investing activities -1.75M -0.01M -0.01M - -7.63M
Net borrowings 9.41M -1.09M 1.56M 0.01M 1.07M
Total cash from financing activities 25.88M -0.13M 2.06M 5.49M 15.29M
Change to operating activities - - - 0.62M 1.62M
Net income -9.48M -5.97M -8.69M -9.61M -5.95M
Change in cash 7.61M -1.21M -0.11M -0.43M 0.37M
Begin period cash flow 0.02M 1.23M 1.34M 1.77M 1.40M
End period cash flow 7.62M 0.02M 1.23M 1.34M 1.77M
Total cash from operating activities -16.52M -1.08M -2.15M -2.60M -7.29M
Issuance of capital stock - - 0.50M 5.89M -
Depreciation 0.70M 0.89M 1.57M 3.37M 1.42M
Other cashflows from investing activities -1.75M - -3.28M - -
Dividends paid 0.00M 0.00M - - -
Change to inventory - - - - 2477.03M
Change to account receivables -0.91M 2.12M 3.04M 4.08M -3.28M
Sale purchase of stock - - -0.14M -0.14M -
Other cashflows from financing activities -0.57M 0.96M -0.27M -0.06M -1128.58M
Change to netincome - - - -0.67M 1.37M
Capital expenditures 0.01M 0.01M 0.01M 3.32M 3.13M
Change in working capital -8.69M 2.69M 3.00M 4.31M -3.95M
Stock based compensation 0.45M 0.09M 0.17M 0.26M 0.05M
Other non cash items 0.49M 1.22M 1.81M -0.93M 1.08M
Free cash flow -16.52M -1.08M -2.16M -5.92M -10.42M

Peer Comparison*

Sector: Healthcare Industry: Health Information Services

Stock Name
Change
(USD)
Price
(USD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
HCTI
Healthcare Triangle Inc
-0.06
1.49%
3.65 - - 0.42 0.45 1.84 -2.92
VEEV
Veeva Systems Inc Class A
3.02
0.99%
306.75 43.49 29.59 12.48 5.79 10.39 33.41
PMCUF
Pro Medicus Limited
-
-%
144.00 64.90 90.91 49.11 38.05 65.12 83.47
TEM
Tempus AI, Inc. Class A Common Stock
6.32
8.31%
82.37 - - 8.68 25.39 8.33 -
MTHRY
M3 Inc
0.30
5.27%
5.99 31.84 26.25 0.05 4.60 0.04 0.12

Profile*

Healthcare Triangle Inc

Healthcare Triangle, Inc., a healthcare information technology company, focuses on advancing solutions in the sectors of cloud services, data science, and professional and managed services for the electronic health record, and healthcare and life sciences industry. It provides a suite of software, solutions, platforms, and services that enables healthcare and pharma organizations to deliver personalized healthcare, precision medicine, advances in drug discovery, development and efficacy, collaborative research and development, respond to evidence, and accelerate their digital transformation. The company's software platforms include CloudEz, an enterprise multi-cloud transformation and management platform that enables customers to manage their cloud infrastructure in private, hybrid, and public cloud infrastructures; DataEz, a cloud-based data analytics and data science platform for the data analytics and data science requirements of life sciences/pharmaceutical and healthcare provider organizations; Blockchain infrastructure; and Cybersecurity navigator. It also provides Readabl.AI, a Software-as-a-Service solution that uses public cloud artificial intelligence and machine learning to recognize and extract healthcare information from documents, faxes, and narrative reports. In addition, the company offers cloud IT services; and healthcare IT services, such as electronic health records and software implementation, optimization, and extension to community partners, as well as application managed services, and backup and disaster recovery capabilities on public cloud. It also serves healthcare delivery organizations, healthcare insurance companies, pharmaceutical and life sciences, biotech companies, and medical device manufacturers. Healthcare Triangle, Inc. was incorporated in 2019 and is based in Pleasanton, California.

7901 Stoneridge Drive, Pleasanton, CA, United States, 94588

925 270 4812

40

Name Title Year Born
Mr. Suresh Venkatachari Chairman, Pres & CEO 1967
Mr. Anand Kumar Sr. VP & Head of Cloud Solutions 1974
Mr. Sudish Mogli Consultant 1969
Mr. Michael Gill VP of Fin. 1978
Mr. Thyagarajan Ramachandran Chief Financial Officer 1976
Mr. Michael Campana VP of Marketing NA
Ms. Kristi Lane VP of HR & Talent Management NA
Mr. Shibu Kizhakevilayil Head of M&A and Director 1972
Mr. Lakshmanan Kannappan Head of Strategic Partnerships & Director 1967
Mr. Anand Kumar Chief Revenue Officer & Interim CEO 1975

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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