Healthcare Triangle Revenue Jumps 161% to $9.12 Million in Third Quarter
Key Facts
Healthcare Triangle reported on November 12 results for the third quarter and the nine months ended September 30, 2026, posting quarterly revenue of $9.12 million. That figure was up 161% year over year from revenue of $3.49 million in the corresponding quarter of 2025. Gross profit for the quarter also rose to $2.08 million from $0.62 million a year earlier, an increase of 237%. Gross margin climbed to 22.8% from 17.7% in the comparable period. The reported results come as the earnings-per-share surprise figure listed on Investing.com’s page could not be verified from a reliable open source.
For the nine months ended September 30, revenue was $28.16 million, up 162% from $10.75 million in the same period of 2025. Gross profit for the period rose to $6.54 million from $1.44 million, a gain of 354%. Gross margin for the nine months also improved to 23.2% from 13.4% a year earlier. The quarterly and year-to-date figures show revenue and gross profit both rising year over year. The company reported results for both periods on the same day, providing year-over-year comparisons for the quarter and the nine months.
Customer Engagement Services was the largest contributor to quarterly revenue, generating $6.53 million, or about 72% of the company’s total revenue. The segment’s gross profit was $1.82 million, with a gross margin of 27.9%. Quarter over quarter, segment revenue rose from $6.31 million in the second quarter to $6.53 million in the third quarter. Its gross margin increased over the same period from 26.1% to 27.9%. The segment therefore accounted for most quarterly revenue, while its revenue and margin improved from the previous quarter.
Alongside revenue growth and improved margins, the operating loss narrowed to 21.9% of revenue in the third quarter, compared with 74.3% a year earlier. The ratio indicates that the company recorded an operating loss during the period, although the loss was smaller relative to revenue than a year earlier. The company also cited a history of net losses and negative operating cash flow. It said its five largest customers accounted for 58% of third-quarter revenue. That concentration places a large share of the period’s revenue with a limited group of customers, according to the company’s disclosure.
Healthcare Triangle attributed the results to Teyame 360 and Datono, saying they contributed to a “third consecutive quarter of sequential growth in revenue and gross profit.” Commenting on the company’s direction, Chief Financial Officer David Ayanoglu said it sees itself as “well positioned to continue building a diverse, AI-driven technology portfolio.” Management added that it expects gross margin to continue improving as it negotiates new contracts with higher margins. That outlook puts new, higher-margin contracts at the center of the path management has described for improving margins. The company’s HCTI shares closed at $3.74 on November 12, 2026.