From GlobeNewswire: 2025-02-27 16:05:00

Definitive Healthcare Corp. announced its financial results for Q4 2024 and the full year ended December 31, 2024. Q4 revenue was $62.3 million, a 6% decrease from the previous year. Adjusted Net Income was $12.6 million, up from $10.6 million in Q4 2023. Full-year revenue was $252.2 million, with Adjusted Net Income of $55.1 million.

Despite challenging conditions, Definitive Healthcare exceeded revenue and adjusted EBITDA expectations. The company secured new business growth by acquiring new customers and expanding relationships with existing ones. Casey Heller will take over as CFO on June 2, 2025, ensuring a smooth transition from the current CFO, Rick Booth.

In Q4, Definitive Healthcare won new customers across various markets. A behavioral health screening company, a gas supplier, and a pharmaceutical company are utilizing the company’s data and services for growth. The partnership aims to enhance patient care, identify high-volume facilities, and support the launch of a new pain medication.

For Q1 2025, Definitive Healthcare expects revenue between $55.5 – $57.0 million and adjusted EBITDA of $10.5 – $11.5 million. Full-year 2025 revenue is projected to be $230.0 – $240.0 million, with adjusted EBITDA in the range of $61.0 – $65.0 million. The company does not provide a reconciliation of forward-looking non-GAAP financial measures due to high variability.

Definitive Healthcare will host a conference call today at 5:00 p.m. (Eastern Time) to discuss the financial results and business outlook. Participants can join the call at 1-877-358-7298 or 1-848-488-9244. A replay will be available until March 29, 2025. An audio webcast of the event will be accessible on Definitive Healthcare’s Investor Relations website.

At Definitive Healthcare, data, analytics, and expertise are transformed into healthcare commercial intelligence. The company helps clients navigate the healthcare industry by uncovering markets, opportunities, and key stakeholders. For more information, visit definitivehc.com.



Read more at GlobeNewswire:: Definitive Healthcare Reports Financial Results for Fourth