Filings/HCTI/10-Q

Source document

EDGAR
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KPIsSections21
Headline metrics
Revenue — GREEN$19.0M+162.2% YoY
Gross margin — GREEN23.4%
Net income — GREEN-$10.5M-241.9% YoY
Net margin — GREEN-55.1%
Operating margin — RED-40.4%
Red flags4 red2 orange
Liquidity6
RED
Negative operating cash flowoperating_cf_burn
The company is burning cash from operations — sustainability depends on financing.
RED
Net margin -55.1%net_margin_sharply_negative
Net income margin below -5% — profitability materially negative vs revenue.
RED
Cash conversion (CFO/Rev) -40.4%cash_conversion_weak
CFO/Revenue below 0 — operating model not generating cash despite revenue.
ORANGE
Current ratio 0.60current_ratio_low
Current assets are below current liabilities — short-term liquidity pressure.
RED
Cash runway ~0.2 yearscash_runway_low
At current burn rate, cash covers less than 2 years — may require near-term financing.
ORANGE
Accumulated deficit / equity 109%accumulated_deficit_high
Accumulated deficit exceeds equity book value — balance sheet technically impaired.
Income Statement
Income Statement
MetricValueFlag
Revenue$19.0MGREEN
Revenue (quarter)$9.2MGREEN
Gross Margin23.4%GREEN
Operating Margin-40.4%RED
Net Margin-55.1%GREEN
Net Income-$10.5MGREEN
EPS (diluted)$-7.13GREEN
R&D % Revenue0.7%GREEN
Balance Sheet
Balance Sheet
MetricValueFlag
Cash$1.9MGREEN
Broad Liquidity$1.9MGREEN
Current Ratio0.60GREEN
Total Assets$73.6MGREEN
Total Equity$49.1MGREEN
Debt/Equity0.05GREEN
Cash Flow
Cash Flow
MetricValueFlag
Operating CF-$7.7MGREEN
Cash Conversion (CFO/Rev)-0.40GREEN
SBC % Revenue0.0%GREEN

Sections in this filing

Financial Statements (unaudited)

Item 1. Financial statements (In thousands of US $, unless otherwise noted) HEALTHCARE TRIANGLE, INC. Condensed Consolidated Balance Sheets June 30, December 31, Note 2026 2025 (Unaudited) (Audited) Assets Current assets Cash and cash equivalents $ 1,906 $ 7,625 Accounts receivable, net 3 6,186 2,070 Other current assets 5 1,554 3,456 Total current assets 9,646 13,151 Advances, net 4 3,260 3,826 Furniture and equipment, net 7 1,192 5 Other intangible assets, net 6 54,825 2,808 Goodwill 6 2,946 2,946 Operating lease right-of-use assets 8 1,193 - Other non-current assets 201 - Deferred tax asset, net 377 - Total assets $ 73,640 $ 22,736 Liabilities and stockholders’ equity Current liabilities Accounts payable $ 1,199 $ 744 Short-term debt 9 9,165 10,737 Operating lease liabilities – current 8 426 - Other current liabilities 10 5,200 1,311 Total current liabilities 15,990 12,792 Non-current liabilities Long-term debt 9 2,662 - Operating lease liabilities - non-current 8 747 - Contingent consideration 11 5,000 - Other non-current liabilities 142 - Total current and non-current liabilities 24,541 12,792 Stockholders’ equity 12 Preferred stock, par value $ 0.00001 ; 10,000,000 authorized Series A super voting preferred stock - 20,000 shares ( 1,000 votes per share) issued and outstanding as of June 30, 2026, and December 31, 2025, respectively - - Series B convertible preferred stock, 1,600,000 issued and outstanding as of June 30, 2026, and December 31, 2025, respectively 7,435 7,435 Series C convertible preferred stock (to be issued) – see note 12(B) 18,000 - Common stock, par value $ 0.00001 ; 2,000,000,000 authorized, 2,027,719 and 142,426 shares issued and outstanding as of June 30, 2026, and December 31, 2025, respectively 11 11 Common stock (to be issued) – see note 12(A) 12,000 - Non-controlling interest ( 89 ) ( 37 ) Additional paid-in capital 65,231 45,534 Accumulated deficit ( 53,489 ) ( 42,999 ) Total stockholders’ equity 49,099 9,944 Total liabilities and stockholders’ equity $ 73,640 $ 22,736 The accompanying notes are an integral part of these unaudited condensed consolidated financial statements. Field: Page; Sequence: 5; Options: NewSection; Value: 1 Field: Sequence; Type: Arabic; Name: PageNo 1 Field: /Sequence Field: /Page HEALTHCARE TRIANGLE, INC. Unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss Three Months Ende