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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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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
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.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| 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 |
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 |
0.50 13.51% |
4.20 | - | - | 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 |
7.28 9.57% |
83.33 | - | - | 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 |
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 |
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