Valuation for HCTI - findataslice

	Healthcare Triangle, Inc. (HCTI)
	Q2-CY2026	Q1-CY2026	Q4-CY2025	Q3-CY2025	Q2-CY2025	Q1-CY2025	Q4-CY2024	Q3-CY2024	Q2-CY2024	Q1-CY2024	Q4-CY2023	Q3-CY2023	Q2-CY2023	Q1-CY2023	Q4-CY2022	Q3-CY2022	Q2-CY2022	Q1-CY2022	Q4-CY2021	Q3-CY2021	Q2-CY2021	Q1-CY2021	Q4-CY2020	Q3-CY2020	Q2-CY2020	Q1-CY2020	Q4-CY2019	Q3-CY2019	Q2-CY2019	Q1-CY2019	Q4-CY2018	Q3-CY2018	Q2-CY2018	Q1-CY2018	Q4-CY2017	Q3-CY2017	Q2-CY2017	Q1-CY2017	Q4-CY2016	Q3-CY2016	Q2-CY2016	Q1-CY2016	Q4-CY2015	Q3-CY2015	Q2-CY2015	Q1-CY2015	Q4-CY2014	Q3-CY2014	Q2-CY2014
Balance Sheet Date			2025-Dec-31	2025-Sep-30	2025-Jun-30	2025-Mar-31	2024-Dec-31	2024-Sep-30	2024-Jun-30	2024-Mar-31	2023-Dec-31
Fiscal Period			Q4-FY2025	Q3-FY2025	Q2-FY2025	Q1-FY2025	Q4-FY2024	Q3-FY2024	Q2-FY2024	Q1-FY2024	Q4-FY2023
Close Price of Common Stock	2.62$	2.70$	0.62$	2.64$	0.03$	0.32$	0.98$	0.49$	0.52$	1.86$	2.81$	3.78$	2.43$	0.38$	0.18$
Market Cap of Common Stock	19,024,721$	19,605,629$	4,496,224$	15,396,029$	11,273,098$	2,076,112$	5,533,612$	2,751,222$	2,926,905$	8,648,831$
QoQ%	(2.96%)	336.05%	(70.80%)	36.57%	442.99%	(62.48%)	101.13%	(6.00%)	(66.16%)
YoY%	68.76%	844.34%	(18.75%)	459.61%	285.15%	(76.00%)
Common Shares Outstanding	1,967,588		142,426	4,443,788	5,831,829	16,038,376	380	5,666,781	5,616,781	4,726,217	4,308,822	4,277,572	4,277,863	4,185,940	4,170,953
QoQ%			(96.80%)	(23.80%)	(63.64%)	4,220,525.26%	(99.99%)	.89%	18.84%	9.69%	.73%	(.01%)	2.20%	.36%
YoY%	(66.26%)		37,380.53%	(21.58%)	3.83%	239.35%	(99.99%)	32.48%	31.30%	12.91%	3.31%
Price to Sales	1.37x	1.41x	.32x	1.19x	.95x	.18x	.47x	.17x	.13x	.31x
Price to Earnings	5.78x	5.95x	1.37x	82.77x	-	-	-	-	-	-
Price to Book	1.91x	1.97x	.45x	1.76x	1.10x	.24x	-	-	-	-
Total Revenue			3,139,000$	3,489,000$	3,558,000$	3,704,000$	2,190,000$	2,413,000$	2,984,000$	4,109,000$	7,060,000$	7,779,000$	8,526,000$	9,838,000$
QoQ%			(10.03%)	(1.94%)	(3.94%)	69.13%	(9.24%)	(19.14%)	(27.38%)	(41.80%)	(9.24%)	(8.76%)	(13.34%)
YoY%			43.33%	44.59%	19.24%	(9.86%)	(68.98%)	(68.98%)	(65.00%)	(58.23%)
TTM			13,890,000$	12,941,000$	11,865,000$	11,291,000$	11,696,000$	16,566,000$	21,932,000$	27,474,000$	33,203,000$
TTM_QoQ%			7.33%	9.07%	5.08%	(3.46%)	(29.40%)	(24.47%)	(20.17%)	(17.25%)
TTM_YoY%			18.76%	(21.88%)	(45.90%)	(58.90%)	(64.77%)
Gross Margin			5,256.45%	.00%	.00%	28,887.69%	.00%	.00%	.00%	26,040.40%	21.67%	21.94%	22.84%	16.19%
QoQ			5,256.45%	.00%	(28,887.69%)	28,887.69%	.00%	.00%	(26,040.40%)	26,018.73%	(.27%)	(.89%)	6.64%
YoY			5,256.45%	.00%	.00%	2,847.29%	(21.67%)	(21.94%)	(22.84%)	26,024.21%
Operating Income			(4,443,000$)	(2,591,000$)	(1,359,000$)	(1,398,000$)	(498,000$)	(1,167,000$)	(1,378,000$)	(1,713,000$)	(1,367,000$)	(1,524,000$)	(1,595,000$)	(3,209,000$)
QoQ%			(71.48%)	(90.66%)	2.79%	(180.72%)	57.33%	15.31%	19.56%	(25.31%)	10.30%	4.45%	50.30%
YoY%			(792.17%)	(122.02%)	1.38%	18.39%	63.57%	23.43%	13.61%	46.62%
TTM			(9,791,000$)	(5,846,000$)	(4,422,000$)	(4,441,000$)	(4,756,000$)	(5,625,000$)	(5,982,000$)	(6,199,000$)	(7,695,000$)
TTM_QoQ%			(67.48%)	(32.20%)	.43%	6.62%	15.45%	5.97%	3.50%	19.44%
TTM_YoY%			(105.87%)	(3.93%)	26.08%	28.36%	38.19%
Operating Margin			(141.54%)	(74.26%)	(38.20%)	(37.74%)	(22.74%)	(48.36%)	(46.18%)	(41.69%)	(19.36%)	(19.59%)	(18.71%)	(32.62%)
QoQ			(67.28%)	(36.07%)	(.45%)	(15.00%)	25.62%	(2.18%)	(4.49%)	(22.33%)	.23%	(.88%)	13.91%
YoY			(118.80%)	(25.90%)	7.98%	3.95%	(3.38%)	(28.77%)	(27.47%)	(9.07%)
Net Income			(4,503,000$)	(1,906,000$)	(1,368,000$)	(1,700,000$)	(1,348,000$)	(1,249,000$)	(1,510,000$)	(1,862,000$)	(1,679,000$)	(1,943,000$)	(1,786,000$)	(3,278,000$)
QoQ%			(136.25%)	(39.33%)	19.53%	(26.11%)	(7.93%)	17.29%	18.90%	(10.90%)	13.59%	(8.79%)	45.52%
YoY%			(234.05%)	(52.60%)	9.40%	8.70%	19.71%	35.72%	15.45%	43.20%
TTM			(9,477,000$)	(6,322,000$)	(5,665,000$)	(5,807,000$)	(5,969,000$)	(6,300,000$)	(6,994,000$)	(7,270,000$)	(8,686,000$)
TTM_QoQ%			(49.91%)	(11.60%)	2.45%	2.71%	5.25%	9.92%	3.80%	16.30%
TTM_YoY%			(58.77%)	(.35%)	19.00%	20.12%	31.28%
Profit Margin			(143.45%)	(54.63%)	(38.45%)	(45.90%)	(61.55%)	(51.76%)	(50.60%)	(45.32%)	(23.78%)	(24.98%)	(20.95%)	(33.32%)
QoQ			(88.82%)	(16.18%)	7.45%	15.66%	(9.79%)	(1.16%)	(5.29%)	(21.53%)	1.20%	(4.03%)	12.37%
YoY			(81.90%)	(2.87%)	12.15%	(.58%)	(37.77%)	(26.78%)	(29.66%)	(12.00%)
Equity to Common Shareholders			9,944,000$	8,726,000$	10,209,000$	8,577,000$	(5,114,000$)	(1,818,000$)	(646,000$)	(511,000$)	538,000$	6,128,000$	8,051,000$	9,303,000$	6,040,000$
QoQ			1,218,000$	(1,483,000$)	1,632,000$	13,691,000$	(3,296,000$)	(1,172,000$)	(135,000$)	(1,049,000$)	(5,590,000$)	(1,923,000$)	(1,252,000$)	3,263,000$
QoQ%			13.96%	(14.53%)	19.03%	267.72%	(181.30%)	(181.42%)	(26.42%)	(194.98%)	(91.22%)	(23.89%)	(13.46%)	54.02%
YoY			15,058,000$	10,544,000$	10,855,000$	9,088,000$	(5,652,000$)	(7,946,000$)	(8,697,000$)	(9,814,000$)	(5,502,000$)
YoY%			294.45%	579.98%	1,680.34%	1,778.47%	(1,050.56%)	(129.67%)	(108.02%)	(105.49%)	(91.09%)
Dividends Paid
Additional Paid-In Capital QoQ			8,716,000$	(2,581,000$)	2,986,000$	15,391,000$	(6,686,000$)	77,000$	1,375,000$	45,000$
Treasury Stock
QoQ
Goodwill			2,946,000$		2,946,000$										1,289,000$
QoQ%
YoY%
Other Intangible Assets			2,808,000$	191,000$				2,965,000$	3,301,000$	3,637,000$	857,000$				10,570,000$
QoQ			2,617,000$					(336,000$)	(336,000$)	(335,000$)
Amortization of Intangible Assets							521,000$	0$	1,000$	335,000$	817,000$	(91,000$)	(65,000$)	857,000$
Total Assets			22,736,000$	13,838,000$	14,568,000$	11,785,000$	1,961,000$	4,766,000$	6,021,000$	6,872,000$	6,858,000$				13,262,000$
QoQ			8,898,000$	(730,000$)	2,783,000$	9,824,000$	(2,805,000$)	(1,255,000$)	(851,000$)	14,000$
YoY			20,775,000$	9,072,000$	8,547,000$	4,913,000$	(4,897,000$)				(6,404,000$)
Total Liabilities			12,792,000$	5,112,000$	4,359,000$	3,208,000$	7,075,000$	6,584,000$	6,667,000$	7,383,000$	8,249,000$				7,222,000$
QoQ			7,680,000$	753,000$	1,151,000$	(3,867,000$)	491,000$	(83,000$)	(716,000$)	(866,000$)
YoY			5,717,000$	(1,472,000$)	(2,308,000$)	(4,175,000$)	(1,174,000$)				1,027,000$
Current Ratio			1.03x	2.03x	2.81x	3.07x	.21x	.29x	.38x	.53x	.69x				1.22x
Total Current Assets			13,151,000$	7,942,000$	8,865,000$	9,840,000$	1,452,000$	1,784,000$	2,333,000$	3,169,000$	5,653,000$				8,022,000$
QoQ			5,209,000$	(923,000$)	(975,000$)	8,388,000$	(332,000$)	(549,000$)	(836,000$)	(2,484,000$)
Total Current Liabilities			12,792,000$	3,912,000$	3,159,000$	3,208,000$	7,075,000$	6,084,000$	6,167,000$	5,995,000$	8,152,000$				6,597,000$
QoQ			8,880,000$	753,000$	(49,000$)	(3,867,000$)	991,000$	(83,000$)	172,000$	(2,157,000$)
Debt to Asset Ratio			.56x	.37x	.30x	.27x	3.61x	1.38x	1.11x	1.07x	1.20x				.54x
Long Term Debt										888,000$	888,000$
QoQ										0$
YoY
Capital Lease Obligations
Cash and Cash Equivalents			7,625,000$	1,629,000$		6,826,000$	20,000$	28,000$	29,000$	301,000$	1,234,000$				1,341,000$
QoQ			5,996,000$			6,806,000$	(8,000$)	(1,000$)	(272,000$)	(933,000$)
YoY			7,605,000$	1,601,000$		6,525,000$	(1,214,000$)				(107,000$)
Interest Expenses			100,000$	32,000$	21,000$	413,000$	853,000$	(80,000$)	(131,000$)	(149,000$)	305,000$	(415,000$)	(186,000$)	(62,000$)
Interest Income