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Definitive Healthcare Corp.

DH NASDAQ Categories PDF
Healthcare · Medical - Healthcare Information Services
Framingham, MA 01701, United States IPO 2021 definitivehc.com Updated Jun 26, 4:47pm
Price
$0.66
Market Cap
$69.6M
Employees
782
Beta
1.33
Avg Volume
285,391
CEO
Kevin D. Coop
Business Description

Definitive Healthcare Corp. (DH), operating through its various subsidiaries, offers specialized commercial intelligence solutions for the U.S. healthcare industry. The company's services furnish essential data on healthcare providers and their activities, enabling clients to navigate critical business processes, from the early stages of product development to strategic market entry planning and effective sales and marketing execution. Its sophisticated platform incorporates sixteen distinct intelligence modules. These modules are designed to support key functional domains such as sales optimization, marketing initiatives, clinical research, new product creation, strategic planning, human capital acquisition, and the oversight of physician networks. Definitive Healthcare caters to a broad spectrum of clients, including biopharmaceutical firms, medical device manufacturers, healthcare information technology companies, and direct healthcare providers. Additionally, its clientele extends to diverse organizations within the wider healthcare ecosystem, such as staffing and commercial real estate companies, financial institutions, and other related entities. Founded in 2011, Definitive Healthcare Corp. is headquartered in Framingham, Massachusetts.

Business History
Price Overview
Last updated: Jun 27, 2026 8:59am (just now)
$0.66
+0.03 (+5.10%)
Day Range
$0.62 – $0.68
52-Week Range
$0.62 – $4.70
50-Day MA
$0.90
200-Day MA
$2.00
Volume
3,447,567.00
Analyst Price Targets
Low $1.10
Consensus $1.10
High $1.10
(17 analysts)
Share Structure
Outstanding 105,524,238.00
Float 29,631,206.00
Free Float 28.1%
Low free float — 28.1% of shares trade freely, ~71.9% held by insiders/institutions
Below average liquidity. Large orders can move the price significantly. Insiders or strategic holders control the majority — watch for lockup expirations or secondary offerings.
Price History (1 Year)
Last updated: Jun 27, 2026 8:59am (just now)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Last updated: Jun 26, 2026 4:47pm (16h ago)
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
Period Revenue Net Income Net Margin YoY/QoQ
Key Metrics
API Direct from provider CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALC
Stock Price / EPS (Diluted)
-0.51
Stock Price: $0.66
EPS (Diluted): -1.30
P/B Ratio (Price vs net asset value)
API
Stock Price / Book Value Per Share
1.09
Stock Price: $0.66
Total Equity: $281.11M
Shares: 106,650,845
EV/EBITDA (Total value vs operating profit)
API
Enterprise Value / EBITDA
7.05
Market Cap: $69.65M
Total Debt: $167.51M
Cash: $163.63M
EBITDA: -$162.15M
Enterprise Value (Takeover price (cap + debt - cash))
API
Market Cap + Total Debt - Cash
$315.1M
Market Cap: $69.65M
Total Debt: $167.51M
Cash: $163.63M
P/S Ratio (Price per dollar of revenue)
API
Stock Price / Revenue Per Share
1.27
Stock Price: $0.66
Revenue: $241.52M
Shares: 106,650,845
EV/Sales (Total value vs revenue — works when P/E can't)
API
1.30
Gross Margin (Revenue left after direct costs)
API
Gross Profit / Revenue
75.9%
Gross Profit: $183.28M
Revenue: $241.52M
Operating Margin (Revenue left after all operations)
API
Operating Income / Revenue
-8.5%
Operating Income: -$20.58M
Revenue: $241.52M
Net Margin (Revenue left as actual profit)
API
Net Income / Revenue
-57.5%
Net Income: -$138.93M
Revenue: $241.52M
ROE (Profit from shareholder equity)
API
Net Income / Total Equity
-67.1%
Net Income: -$138.93M
Total Equity: $281.11M
ROIC (Profit from all invested capital)
API
NOPAT / Invested Capital
40.9%
Operating Income: -$20.58M
Tax Rate: 4.8%
Equity: $281.11M
Total Debt: $167.51M
Cash: $163.63M
Current Ratio (Can it pay short-term bills)
API
Current Assets / Current Liabilities
1.64
Current Assets: $257.61M
Current Liabilities: $156.79M
Debt/Equity (Leverage — debt vs equity)
CALC
Total Debt / Total Equity
0.60
Short-Term Debt: $11.43M
Long-Term Debt: $156.09M
Total Debt: $167.51M
Total Equity: $281.11M
Rev/Share (Top-line per share)
CALC
Revenue / Shares Outstanding
$2.26
Revenue: $241.52M
Shares: 106,650,845
Book Value/Share (Net assets per share)
CALC
(Total Assets - Total Liabilities) / Shares
$2.64
Total Equity: $281.11M
Shares: 106,650,845
FCF/Share (Real cash generated per share)
CALC
(Operating Cash Flow + CapEx) / Shares
$0.35
Operating CF: $53.78M
CapEx: -$16.72M
Shares: 106,650,845
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
API
Last Annual Dividend / Stock Price
1.0%
Last Dividend: N/A
Stock Price: $0.66
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
Dividends Paid: N/A
Net Income: -$138.93M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares DH against LLM-researched typical ranges for its industry. One research call per industry, cached indefinitely — every stock in the same industry reuses the same baseline.
Deep Analysis

Pre-flight intelligence scans the company first, then routes to the right analytical methods.

0 Company Classification — What type of company is this?
1 Industry Landscape — Where is the industry headed?
2 Company Momentum — Where is this company trending?
3 Forward Projection — 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a DCF Valuation — Present value of future cash flows
4b Earnings Power Value — Floor value — worth with zero growth
4c Anchored PE — Industry PE adjusted for growth differential
4d Reverse DCF — What growth is the market pricing in?
4e Revenue-Based DCF — For growth/narrative companies (skip if mature earner)
4f Anchored P/S — Price-to-Sales peer comparison (skip if mature earner)
4g Scenario Analysis — Bull / Base / Bear (skip if mature earner)
4h Dividend Discount Model — For dividend/income stocks only
4i Book Value Analysis — For deep value / turnaround stocks only
4j Insider Activity — Are insiders buying or selling?
4f Cash Flow Quality — How trustworthy is the FCF?
4g Debt Maturity Risk — Can it handle its debt?
4h Macro Environment — Rates, market valuation, volatility
4i Sector Intelligence — How does this company compare within its sector?
4j Revenue Confidence — How reliable is the growth projection?
4k Sensitivity Analysis — How fragile is the fair value estimate?
4l Sector Demand Cycle — Is the sector in a boom, steady state, or contraction?
5 AI Investigation — Adaptive research engine (Claude)
5b Thesis Evaluation — What does the market believe? (narrative/platform stocks only)
6 Valuation Synthesis — Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 26, 2026 4:47pm (16h ago)
Metric 2021 2022 2023 2024 2025
Revenue $166.2M $222.7M $251.4M $252.2M $241.5M
Cost of Revenue $40.7M $42.6M $47.5M $54.7M $58.2M
Gross Profit $125.5M $180.0M $203.9M $197.5M $183.3M
Operating Expenses $152.8M $224.1M $533.7M $908.3M $203.9M
Operating Income -$27.3M -$44.0M -$329.8M -$710.8M -$20.6M
Net Income -$51.9M -$7.2M -$202.4M -$413.1M -$138.9M
EBITDA $23.1M $26.2M -$241.2M -$567.2M -$162.2M
EPS $-0.19 $-0.07 $-1.79 $-3.54 $-1.30
EPS (Diluted)
Balance Sheet (Annual)
Last updated: Jun 26, 2026 4:47pm (16h ago)
Metric 2021 2022 2023 2024 2025
Cash & Equivalents $387.5M $146.9M $131.0M $105.4M $163.6M
Total Current Assets $444.2M $413.7M $380.4M $370.2M $257.6M
Total Assets $2.1B $2.1B $1.8B $1.1B $735.5M
Current Liabilities $123.1M $140.6M $170.7M $161.2M $156.8M
Long-Term Debt $263.8M $255.8M $242.6M $229.4M $156.1M
Total Liabilities $617.8M $640.7M $626.7M $482.2M $356.5M
Total Equity $871.3M $948.9M $861.4M $444.4M $281.1M
Retained Earnings -$17.8M -$25.1M -$227.5M -$640.6M -$779.5M
Cash Flow (Annual)
Last updated: Jun 26, 2026 4:47pm (16h ago)
Metric 2021 2022 2023 2024 2025
Operating Cash Flow $25.2M $35.6M $41.2M $58.2M $53.8M
Capital Expenditure -$6.7M -$8.3M -$3.0M -$12.3M -$16.7M
Free Cash Flow $18.5M $27.3M $38.2M $45.9M $37.1M
Acquisitions (net) -$40.0M -$56.3M -$45.0M -$13.5M $0
Debt Repayment
Dividends Paid
Stock Buybacks -$231.8M $0 $0 -$22.4M -$49.5M
Net Change in Cash $362.7M -$240.6M -$16.0M -$25.6M $58.2M
Analyst Estimates (Annual)
Last updated: Jun 26, 2026 4:47pm (16h ago)
Metric 2025 2026 2027 2028
Revenue $239.6M
$239.4M – $239.8M
$223.6M
$222.0M – $225.0M
$225.0M
$217.3M – $231.2M
$241.4M
$241.4M – $241.4M
EBITDA -$113.8M
-$113.9M – -$113.7M
-$106.2M
-$106.8M – -$105.4M
-$106.8M
-$109.8M – -$103.2M
-$114.6M
-$114.6M – -$114.6M
Net Income $25.8M
$25.0M – $26.7M
$20.3M
$18.6M – $21.9M
$17.4M
$10.1M – $24.8M
$21.8M
$21.2M – $22.5M
EPS
Growth Trends (YoY %)
Last updated: Jun 26, 2026 4:47pm (16h ago)
Metric 2022 2023 2024 2025
Revenue Growth +34.0% +12.9% +0.3% -4.2%
Gross Profit Growth +43.5% +13.3% -3.2% -7.2%
Operating Income Growth -61.2% -648.8% -115.5% +97.1%
Net Income Growth +86.1% -2,702.4% -104.1% +66.4%
EBITDA Growth +13.6% -1,019.8% -135.1% +71.4%
Insider Trading (Recent)
Type codes PPurchase SSale AAward / grant MOption exercise FIn-kind (tax) CConversion GGift DReturn to issuer
All SEC Form 4 codes
Open market
P Purchase
Open-market or private purchase of shares.
S Sale
Open-market or private sale of shares.
Compensation (Rule 16b-3)
A Award / grant
Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
D Return to issuer
Securities disposed back to the company under Rule 16b-3.
F In-kind (tax)
Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
I Discretionary
Discretionary transaction under an employee plan — Rule 16b-3(f).
M Option exercise
Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
C Conversion
Conversion of a derivative security into the underlying shares.
E Short expiration
Expiration of a short derivative position.
H Long expiration
Expiration or cancellation of a long derivative position with value received.
O OTM exercise
Exercise of an out-of-the-money derivative.
X ITM exercise
Exercise of an in-the-money or at-the-money derivative.
Other exempt
G Gift
Bona fide gift of securities.
L Small acquisition
Small acquisition under Rule 16a-6.
W Inheritance
Acquisition or disposition by will or the laws of descent.
Z Voting trust
Deposit into or withdrawal from a voting trust.
Other
J Other
Other acquisition or disposition (explained in a Form 4 footnote).
K Equity swap
Transaction in an equity swap or similar instrument.
U Tender / buyout
Disposition via tender of shares in a change-of-control transaction.

Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.

Date Insider Type Shares Price Value
2026-06-04 Hamood Samuel A A-Award 189,190.00 $0.00 $0
2026-06-04 Stephenson Scott G A-Award 189,190.00 $0.00 $0
2026-06-04 Winters Kathleen A A-Award 189,190.00 $0.00 $0
2026-06-04 Chilukuri Sastry A-Award 189,190.00 $0.00 $0
2026-05-01 Krantz Jason Ronald F-InKind 12,166.00 $0.99 $12,044
2026-05-01 Heller Casey F-InKind 1,469.00 $0.99 $1,454
2026-04-01 Coop Kevin F-InKind 37,593.00 $1.09 $40,976
2026-04-01 Krantz Jason Ronald F-InKind 45,154.00 $1.09 $49,218
2026-03-01 Coop Kevin F-InKind 175,524.00 $1.28 $224,671
2026-02-24 Graboske Benjamin A-Award 631,068.00 $0.00 $0
2026-02-24 Paris Jonathan A-Award 481,505.00 $0.00 $0
2026-02-24 Heller Casey A-Award 733,301.00 $0.00 $0
2026-02-24 Coop Kevin A-Award 1,735,437.00 $0.00 $0
2026-02-24 Krantz Jason Ronald A-Award 242,719.00 $0.00 $0
2026-02-24 Graboske Benjamin 0.00 $0.00 $0
2026-02-01 Krantz Jason Ronald F-InKind 44,545.00 $2.32 $103,344
2026-02-01 Heller Casey F-InKind 1,469.00 $2.32 $3,408
2026-01-05 Heller Casey A-Award 195,313.00 $0.00 $0
2026-01-01 Coop Kevin F-InKind 28,236.00 $2.87 $81,037
2025-12-22 Graboske Benjamin F-InKind 341,417.00 $2.53 $863,785
Narrative Economics
The story the market is telling about this stock — the intangible X-factor (founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for DH — it's generated by the pipeline (market-narrative step).
Community AI Feedback
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My Notes personal — only you see this
Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30