Definitive Healthcare Corp. (DH) Stock

Definitive Healthcare Corp. (DH) is a Technology stock trading at $0.63 (as of 2026-06-25), with a market capitalization of $74.56M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Definitive Healthcare Corp. provides healthcare commercial intelligence focused on U.S. provider information and activity data. Its platform is organized into intelligence modules supporting functions such as sales, marketing, clinical research, and product development, serving biopharmaceutical and medical device companies and healthcare-related organizations, including healthcare IT firms and providers.

Understand Definitive Healthcare Corp.: how it makes money

Definitive Healthcare provides healthcare commercial intelligence in the United States, selling an intelligence platform with modules that help biopharmaceutical and medical device customers understand healthcare providers and plan go-to-market activities, sales and marketing execution.

Revenue and growth depend on how well contracted subscription and performance obligations are converted into recognized results, while net revenue retention and enterprise customer additions determine whether those contracts expand or shrink.

Business quality (Weak): Strong gross margin profile alongside very weak operating margins, with growth signals tied to retention and performance obligations, but meaningful headwinds flagged by downsell pressure and fewer multi-year deals.

Bull case

  • Retention supports recurring revenue durability: Net Revenue Retention (Overall) is 85 percent (90 percent for Enterprise Customers), suggesting existing customers continue to stay and buy more than they churn.
  • Backlog-style visibility exists via performance obligations: Current Revenue Performance Obligations are 0.18 USD_B and Current Remaining Performance Obligations are 0.17 USD_B, indicating a pipeline of contracted revenue to recognize over time.

Bear case

  • Operating losses are severe despite high gross margin: Operating margin is -359.9 percent for the latest quarter, indicating costs are substantially outweighing gross profit.
  • Demand and deal structure headwinds are explicitly noted: There is a headwind described as 'Contracted Revenue per Organization Decline Headwind from Fewer Multi-Year Deals,' and a 'Claims Data Downsell Pressure Driver: Records Decline' of 30 percent.
  • Seasonality can affect reported timing: A 'Renewal Timing Portion of Annual Renewals in December and January' is 30 percent, which can create quarter-to-quarter lumpiness.
Valuation — source: SEC EDGAR (first-party)
Price$0.63
Market Cap$74.56M
EV / EBITDA-0.3
Price / Book0.40
Price / Sales0.32
FCF Yield38.3%
DCF Value (model)$2.92
DCF Upside vs Price365.1%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$241.52M
Net Margin-57.5%
Return on Equity-89.5%
Debt / Equity0.86
Current Ratio1.86
Revenue Growth (YoY)-4.2%
EPS Growth (YoY)-63.3%
FCF Growth (YoY)-19.2%
Financial Health — source: SEC EDGAR
Altman Z-Score-1.89 (distress)
Piotroski F-Score5/9 (moderate)
Valuation vs Sector & Industry
Sector P/E (Technology)33.9
Industry P/E (Business Services)30.0
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderAdvent International, L.P. ($76.87M)
Institutional Holders Tracked10
Company
SectorTechnology
IndustryBusiness Services
CEOKevin D. Coop
Employees782
CountryUS
IPO Date2021-09-15

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DH earnings history · DH institutional & insider holders · DH KPIs & operating metrics · DH financials · DH investor presentations & press releases · DH SEC filings · DH peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-06-25.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.