# HEALTHCARE TRIANGLE, INC. (HCTI) · Edgar & Edgarette company card

> Healthcare Triangle (HCTI) grew revenue 18.8% in FY2025 to $14 million, operating margin -70.5% against a 6.6% median for computer integrated systems design, equity 43.7% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1839285 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/HCTI) · [JSON](https://www.pops4.com/boards/company/HCTI.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $14M |
| Revenue growth, 1 year | 18.8% |
| Revenue growth per year | -20.8% |
| Operating margin | -70.5% (prior year -40.6%) |
| Net margin | -68.2% |
| Operating cash flow | −$17M |
| Capital spending | $13,000 |
| Free cash flow | −$17M |
| Cash | $8M |
| Long-term debt | — |
| Total assets | $23M |
| Total equity | $10M |
| Equity ÷ assets | 43.7% |
| Return on equity | -95.3% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: -8.14 (distress zone)
- Piotroski F: 3 of 9 (middling)
- Beneish M: 0.15 (above the −1.78 line)
- Health Harbor boat: Rotting at the dock · four or more warning signs · filed late annual report notice in the last 12 months; slow and jumpy: growing slower than its size class, with revenue that swings more; operating cash flow was negative; operating loss: a margin of -70.5% in FY2025; revenue is hard to predict: its 80% range is ±71%
- Cash Compass: Fading · slow and jumpy, lagging its peers

## Edgarette's reading

Exposure: revenue $13.9M (FY2025). Experience: revenue up 18.8% on the year, down 20.8% a year over 4 years; operating margin -70.5%, down from -40.6%. Soundness: equity 43.7% of assets, return on equity -95.3%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $5.2M and $30.9M next year (method v4.1: its own 5-year record of growth weighed at 57% against under $50M filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $4.6M to $35.1M. A statistical range, not company guidance. Against peers (23 filers, $50M+ revenue, services-computer integrated systems design): operating margin -70.5% against a 6.6% median; growth 18.8% against 6.0%.

Range logged 2026-09-25, receipt 31a5307ffe6625b5, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item NT 10-K Late annual report notice: 1, latest 2026-03-31 ([filing](https://www.sec.gov/Archives/edgar/data/1839285/000121390026037659/0001213900-26-037659-index.htm))
- Item 3.01 Exchange listing notice or transfer: 1, latest 2026-10-02 ([filing](https://www.sec.gov/Archives/edgar/data/1839285/000121390026106533/0001213900-26-106533-index.htm))

## Recent filings

- 8-K · filed 2026-10-27 · 3.03 Material Modifications to Rights of Security Holders; 5.03 Amendments to Articles or Bylaws; Change in Fiscal Year; 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1839285/000121390026112972/0001213900-26-112972-index.htm)
- 8-K · filed 2026-10-23 · 5.07 Submission of Matters to a Vote of Security Holders; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1839285/000121390026112193/0001213900-26-112193-index.htm)
- DEF 14A · filed 2026-10-13 · [filing](https://www.sec.gov/Archives/edgar/data/1839285/000121390026109104/0001213900-26-109104-index.htm)
- 8-K · filed 2026-10-02 · 3.01 Notice of Delisting or Failure to Satisfy a Listing Rule; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1839285/000121390026106533/0001213900-26-106533-index.htm)
- 8-K · filed 2026-09-25 · 1.01 Entry into a Material Definitive Agreement; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1839285/000121390026103604/0001213900-26-103604-index.htm)
- 8-K · filed 2026-09-08 · 1.01 Entry into a Material Definitive Agreement; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1839285/000121390026097953/0001213900-26-097953-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001839285.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1839285

## Cite

POPS4, Edgar & Edgarette: HEALTHCARE TRIANGLE, INC. (HCTI) company card, from the company's own SEC filings, accessed 2026-11-04, https://www.pops4.com/boards/company/HCTI. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.