Form 8-K

8-K — Definitive Healthcare Corp.

Accession: 0001193125-26-342384

Filed: 2026-08-10

Period: 2026-08-10

CIK: 0001861795

SIC: 7372 (SERVICES-PREPACKAGED SOFTWARE)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — dh-20260810.htm (Primary)

EX-99.1 (dh-ex99_1.htm)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: dh-20260810.htm · Sequence: 1

8-K

false000186179500018617952026-08-102026-08-10

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

Current Report

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):

August 10, 2026

Definitive Healthcare Corp.

(Exact name of Registrant as Specified in Its Charter)

Commission File Number 001-40815

Delaware

86-3988281

(State

of Incorporation)

(IRS Employer

Identification No.)

492 Old Connecticut Path, Suite 401

Framingham, Massachusetts 01701

(Address of Principal Executive Offices)

508 720-4224

Registrant’s telephone number, including area code

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class

Trading

Symbol

Name of Each Exchange on Which Registered

Class A Common Stock, $0.001 par value

The NASDAQ Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

On August 10, 2026, Definitive Healthcare Corp. (the “Company”) issued a press release announcing its financial results for the second quarter ended June 30, 2026. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein.

The information furnished in this Item 2.02 on this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act, regardless of any general incorporation language in such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

99.1

Press Release Dated August 10, 2026 (furnished herewith pursuant to Item 2.02)

104

Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

DEFINITIVE HEALTHCARE CORP.

By:

/s/ Casey Heller

Name:

Casey Heller

Title:

Chief Financial Officer

Date: August 10, 2026

EX-99.1

Filename: dh-ex99_1.htm · Sequence: 2

EX-99.1

Exhibit 99.1

Definitive Healthcare Reports Financial Results for Second Quarter 2026

Second Quarter Revenue Within Guidance Range; Profit Surpasses Expectations

Framingham, MA (August 10, 2026) – Definitive Healthcare Corp. (“Definitive Healthcare” or the “Company”) (Nasdaq: DH), an industry leader in healthcare market data and analytics, today announced financial results for the quarter ended June 30, 2026.

Second Quarter 2026 Financial Highlights:

•

Revenue was $55.2 million, a decrease of 9% from $60.8 million in Q2 2025.

•

Net Loss was $(7.5) million, or (14)% of revenue, compared to $(9.3) million, or (15)% of revenue in Q2 2025.

•

Adjusted Net Income was $7.5 million, compared to $9.7 million in Q2 2025.

•

Adjusted EBITDA was $14.6 million, or 26% of revenue, compared to $18.7 million, or 31% of revenue in Q2 2025.

•

Cash Flow from Operations was $11.5 million in the quarter.

•

Unlevered Free Cash Flow was $11.6 million in the quarter.

“Definitive Healthcare delivered another quarter in line with or above our guidance ranges, reflecting continued discipline alongside targeted investment in our growth priorities," said Kevin Coop, CEO of Definitive Healthcare. "We're encouraged by our second consecutive quarter of year-over-year improvement in net dollar retention, strong win-back momentum across our end markets, and the launch of Turbo, our new AI-powered healthcare intelligence platform, which marks a significant milestone in our innovation strategy. We remain confident that our focus on data quality and customer success is the right path to return to sustained, predictable growth, while continuing to generate strong profitability and cash flow.”

Recent Business and Operating Highlights:

Customer Wins

In the second quarter, Definitive Healthcare continued to win new logos and expansion opportunities across all end-markets, by providing the data, insights and integrations that drive their critical business use cases. Customer wins for the quarter included:

•

A diversified-business customer returned to Definitive Healthcare in a six-figure, three-year win-back enterprise agreement. This win reinforces a recurring theme: customers who believe a lower-cost alternative will be “good enough” ultimately recognize that the cost of an inferior dataset outweighs the savings, validating the business value our data and products deliver and reaffirming that our focus on data quality and service, rather than price, is the right path forward.

•

One long-standing population-intelligence customer expanded from an initial test into a total activation commitment of several hundred thousand dollars, illustrating that activation growth is now being driven not only by new direct customers but also by rising adoption and spend across our agency ecosystem, which gives us a broader, more scalable path forward.

Business Outlook

Based on information as of August 10, 2026, the Company is issuing the following financial guidance.

Third Quarter 2026:

•

Revenue is expected to be in the range of $54.0 – $55.0 million.

•

Adjusted Operating Income is expected to be in the range of $10.5 – $11.5 million.

•

Adjusted EBITDA is expected to be in the range of $13.5 – $14.5 million, and 25% – 27% adjusted EBITDA Margin.

•

Adjusted Net Income is expected to be $5.5 – $6.5 million.

•

Adjusted Net Income Per Diluted Share is expected to be $0.04 to $0.05 per share on approximately 145.1 million weighted-average shares outstanding.

Full Year 2026:

•

Revenue is expected to be in the range of $220.0 – $222.0 million.

•

Adjusted Operating Income is expected to be in the range of $45.5 – $47.5 million.

•

Adjusted EBITDA is expected to be in the range of $57.0 – $59.0 million, and 26% – 27% adjusted EBITDA Margin.

•

Adjusted Net Income is expected to be $27.0 – $29.0 million.

•

Adjusted Net Income Per Diluted Share is expected to be $0.18 to $0.20 per share on approximately 144.6 million weighted-average shares outstanding.

We do not provide a quantitative reconciliation of the forward-looking non-GAAP financial measures included in this press release to the most directly comparable GAAP measures due to the high variability and difficulty in predicting certain items excluded from these non-GAAP financial measures; in particular, the effects of equity-based compensation expense, taxes and amounts under the tax receivable agreement, deferred tax assets and deferred tax liabilities, and transaction, integration, and restructuring expenses. We expect the variability of these excluded items may have a significant and potentially unpredictable impact on our future GAAP financial results.

Conference Call Information

Definitive Healthcare will host a conference call today, August 10, 2026, at 5:00 p.m. (Eastern Time) to discuss the Company's full financial results and current business outlook. Participants may access the call at 1-877-358-7298 or 1-848-488-9244. Shortly after the conclusion of the call, a replay of this conference call will be available through September 9, 2026, at 1-800-645-7964 or 1-757-849-6722. The replay passcode is 1765#. A live audio webcast of the event will be available on Definitive Healthcare’s Investor Relations website at ir.definitivehc.com/.

About Definitive Healthcare

Definitive Healthcare is a data and analytics company focused on the business side of healthcare. The healthcare market is complex — our data makes it clearer. We cut through the noise to deliver the insights that healthcare organizations and companies need to make smarter, faster, more strategic decisions. Because when our customers succeed, healthcare gets better for everyone. Learn more at definitivehc.com.

Forward-Looking Statements

This press release includes forward-looking statements that reflect our current views with respect to future events and financial performance. Such statements are provided under the “safe harbor” protection of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that do not relate solely to historical or current facts, and can generally be identified by words or phrases written in the future tense and/or preceded by words such as “likely,” “will,” “should,” “may,” “anticipates,” “intends,” “plans,” “seeks,” “believes,” “estimates,” “expects,” “continues,” “assumes,” “would,” “potentially” or similar words or variations thereof, or the negative thereof, references to future periods, or by the inclusion of forecasts or projections, but these terms are not the exclusive means of identifying such statements. Examples of forward-looking statements include, but are not limited to, statements we make regarding our outlook, financial guidance, the benefits of our healthcare commercial intelligence solutions, our overall future prospects, customer behaviors and use of our solutions, the market, industry and macroeconomic environment, our plans to improve our operational and financial performance and our business, our ability to execute on our plans, customer growth, including our upsell and cross-sell opportunities, and our ability to successfully transition executive leadership.

Forward-looking statements in this press release are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, by their nature, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. As a result, our actual results may differ materially from those contemplated by the forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements include the following: global geopolitical tension and difficult macroeconomic conditions; actual or potential changes in international, national, regional and local economic, business and financial conditions, including tariffs, sanctions, trade barriers, recessions, fluctuating inflation, high interest rates, volatility in the capital markets and related market uncertainty; our inability to acquire new customers and generate additional revenue from existing customers; our inability to generate sales of subscriptions to our platform or any decline in demand for our platform and the data we offer; the competitiveness of the market in which we operate and our ability to compete effectively; the failure to maintain and improve our platform, or develop new modules or insights for healthcare commercial intelligence; the inability to obtain and maintain accurate, comprehensive or reliable data, which could result in reduced demand for our platform; the loss of our access to our data providers; the failure to respond to advances in healthcare commercial intelligence; an inability to attract new customers and expand subscriptions of current customers; our ability to successfully transition executive leadership; and the possibility that our security measures are breached or unauthorized access to data is otherwise obtained.

Additional factors or events that could cause our actual performance to differ from these forward-looking statements may emerge from time to time, and it is not possible for us to predict all of them. Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incorrect, our actual financial condition, results of operations, future performance and business may vary in material respects from the performance projected in these forward-looking statements.

For additional discussion of factors that could impact our operational and financial results, refer to our Quarterly Report on Form 10-Q for the three months ended June 30, 2026 that will be filed following this earnings release, as well as our Current Reports on Form 8-K and other subsequent SEC filings, which are or will be available on the Investor Relations page of our website at ir.definitivehc.com and on the U.S. Securities and Exchange Commission ("SEC”) website at www.sec.gov.

All information in this press release speaks only as of the date on which it is made. We undertake no obligation to publicly update this information, whether as a result of new information, future developments or otherwise, except as may be required by law.

Website

Definitive Healthcare intends to use its website as a distribution channel of material company information. Financial and other important information regarding the Company is routinely posted on and accessible through the Company’s website at definitivehc.com. Accordingly, you should monitor the investor relations portion of our website at ir.definitivehc.com in addition to following our press releases, SEC filings, and public conference calls and webcasts. In addition, you may automatically receive email alerts and other information about the Company when you enroll your email address by visiting the “Email Alerts” section of our investor relations page at ir.definitivehc.com.

Non-GAAP Financial Measures

This earnings release contains financial measures that have not been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”), including Unlevered Free Cash Flow, Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted Gross Profit, Adjusted Gross Margin, Adjusted Operating Income, Adjusted Net Income and Adjusted Net Income Per Diluted Share. We believe that these supplemental non-GAAP financial measures are useful to investors because they allow for an evaluation of the Company with a focus on the performance of its core operations, including providing meaningful comparisons of financial results to historical periods and to the financial results of peer and competitor companies. Our use of these non-GAAP terms may vary from the use of similar terms by other companies in our industry and accordingly may not be comparable to similarly titled measures used by other companies and are not measures of performance calculated in accordance with GAAP. Our presentation of these non-GAAP financial measures are intended as supplemental measures of our performance that are not required by, or presented in accordance with, GAAP. These non-GAAP financial measures should not be considered as alternatives to loss from operations, net loss, earnings per share, or any other performance measures derived in accordance with GAAP or as measures of operating cash flows or liquidity. A reconciliation of GAAP to non-GAAP results has been provided in the financial statement tables included at the end of this press release. In evaluating our non-GAAP financial measures, you should be aware that in the future, we may incur expenses similar to those eliminated in these presentations.

These non-GAAP financial measures are not required by or prepared in accordance with GAAP. These are supplemental financial measures of our performance and should not be considered substitutes for cash provided by operating activities, loss from operations, net loss, net income margin, gross profit, gross margin, or any other measure derived in accordance with GAAP.

Reconciliations to Certain Non-GAAP Measures

Unlevered Free Cash Flow

We define Unlevered Free Cash Flow as net cash provided by operating activities less purchases of property, equipment and data assets, plus cash interest expense, and cash payments related to transaction, integration, and restructuring related expenses, earnouts, and other non-core items paid in cash. Unlevered Free Cash Flow does not represent residual cash flow available for discretionary expenditures since, among other things, we have mandatory debt service requirements.

EBITDA, Adjusted EBITDA and Adjusted EBITDA Margin

We define EBITDA as earnings before debt-related costs, including interest expense (income), net, and loss on partial extinguishment of debt, income taxes and depreciation and amortization. Adjusted EBITDA is defined as EBITDA adjusted to exclude certain items of a significant or unusual nature, including other income, net, equity-based compensation, transaction, integration, and restructuring expenses, goodwill impairments and other non-core expenses. Adjusted EBITDA Margin is defined as Adjusted EBITDA as a percentage of revenue. Adjusted EBITDA and Adjusted EBITDA Margin are key metrics used by management and our board of directors to assess the profitability of our operations. We believe that Adjusted EBITDA and Adjusted EBITDA Margin provide useful information to help investors to assess our operating performance because these metrics eliminate non-core and unusual items and non-cash expenses, which we do not consider indicative of ongoing operational performance. We believe that these metrics are helpful to investors in measuring the profitability of our operations on a consolidated level.

Adjusted Gross Profit and Adjusted Gross Margin

We define Adjusted Gross Profit as gross profit excluding acquisition-related amortization and equity-based compensation costs and Adjusted Gross Margin is defined as Adjusted Gross Profit as a percentage of revenue. Adjusted Gross Profit and Adjusted Gross Margin are key metrics used by management and our board of directors to assess our operations. We exclude acquisition-related depreciation and amortization expenses as they have no direct correlation to the cost of operating our business on an ongoing basis. A small portion of equity-based compensation is included in cost of revenue in accordance with GAAP but is excluded from our Adjusted Gross Profit calculations due to its non-cash nature.

Adjusted Operating Income

We define Adjusted Operating Income as loss from operations plus acquisition related amortization, equity-based compensation, transaction, integration, and restructuring expenses, goodwill impairments and other non-core expenses.

Adjusted Net Income and Adjusted Net Income Per Diluted Share

We define Adjusted Net Income as Adjusted Operating Income less interest expense net, recurring income tax (provision) benefit, foreign currency (loss) gain, and tax impacts of adjustments. We define Adjusted Net Income Per Diluted Share as Adjusted Net Income divided by diluted outstanding shares.

In evaluating our non-GAAP financial measures, you should be aware that in the future we may incur expenses similar to those eliminated in these presentations.

Investor Contact:

Brian Denyeau

ICR for Definitive Healthcare

brian.denyeau@icrinc.com

646-277-1251

Media Contact:

Bethany Swackhamer

bswackhamer@definitivehc.com

Definitive Healthcare Corp.

Condensed Consolidated Balance Sheets

(in thousands, except number of shares and par value; unaudited)

June 30, 2026

December 31, 2025

Assets

Current assets:

Cash and cash equivalents

170,866

163,627

Short-term investments

12,729

17,262

Accounts receivable, net

30,970

51,978

Prepaid expenses and other assets

13,343

11,972

Deferred contract costs

12,190

12,766

Total current assets

240,098

257,605

Property and equipment, net

14,753

12,680

Operating lease right-of-use assets, net

4,216

5,394

Other assets

3,277

2,277

Deferred contract costs

11,764

12,840

Intangible assets, net

222,724

247,477

Goodwill

—

197,219

Total assets

496,832

735,492

Liabilities and Equity

Current liabilities:

Accounts payable

4,531

3,596

Accrued expenses and other liabilities

23,787

44,773

Deferred revenue

89,342

96,989

Term loan

8,750

Operating lease liabilities

2,654

2,679

Total current liabilities

129,064

156,787

Long term liabilities:

Deferred revenue

—

2,383

Term loan

151,885

156,085

Operating lease liabilities

3,767

5,152

Tax Receivable Agreement liability

12,034

19,212

Deferred tax liabilities

11,072

14,634

Other liabilities

1,145

2,247

Total liabilities

308,967

356,500

Equity:

Class A common stock, par value $0.001, 600,000,000 shares authorized, 106,405,766 and 104,020,957 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively

106

104

Class B common stock, par value $0.00001, 65,000,000 shares authorized, 38,094,660 and 38,339,076 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively

—

Additional paid-in capital

1,069,701

1,061,965

Accumulated other comprehensive deficit

(1,606

)

(1,450

)

Accumulated deficit

(923,549

)

(779,506

)

Noncontrolling interests

43,213

97,879

Total equity

187,865

378,992

Total liabilities and equity

496,832

735,492

Definitive Healthcare Corp.

Condensed Consolidated Statements of Operations

(in thousands, except share amounts and per share data; unaudited)

Three Months Ended June 30,

Six Months Ended June 30,

2026

2025

2026

2025

Revenue

55,195

60,750

111,124

119,941

Cost of revenue:

Cost of revenue exclusive of amortization (1)

9,418

8,800

18,773

18,941

Amortization

5,236

5,337

10,160

10,627

Gross profit

40,541

46,613

82,191

90,373

Operating expenses:

Sales and marketing (1)

19,158

20,469

38,736

41,122

Product development (1)

6,756

7,968

13,255

17,269

General and administrative (1)

10,806

12,673

22,890

24,942

Depreciation and amortization

8,542

9,001

16,867

17,528

Transaction, integration, and restructuring expenses

2,027

672

1,262

1,937

Goodwill impairment

197,219

176,531

Total operating expenses

47,289

50,783

290,229

279,329

Loss from operations

(6,748

)

(4,170

)

(208,038

)

(188,956

)

Other income, net

Interest expense, net

(1,375

)

(1,241

)

(2,707

)

(1,622

)

Other income (expense), net

326

(3,398

)

7,159

15,790

Total other (expense) income, net

(1,049

)

(4,639

)

4,452

14,168

Net loss before income taxes

(7,797

)

(8,809

)

(203,586

)

(174,788

)

Benefit from (provision for) income taxes

345

(456

)

3,780

10,430

Net loss

(7,452

)

(9,265

)

(199,806

)

(164,358

)

Less: Net loss attributable to noncontrolling interests

(2,030

)

(1,714

)

(55,763

)

(49,579

)

Net loss attributable to Definitive Healthcare Corp.

(5,422

)

(7,551

)

(144,043

)

(114,779

)

Net loss per share of Class A common stock:

Basic and diluted

(0.05

)

(0.07

)

(1.37

)

(1.05

)

Weighted average Class A common stock outstanding:

Basic and diluted

105,810,516

106,815,740

105,245,928

109,782,640

(1) Amounts include equity-based compensation expense as follows:

Three Months Ended June 30,

Six Months Ended June 30,

2026

2025

2026

2025

Cost of revenue

180

176

340

Sales and marketing

1,053

1,038

2,004

2,217

Product development

294

1,416

669

3,155

General and administrative

3,813

4,346

7,625

8,587

Total equity-based compensation expense

5,254

6,980

10,474

14,299

Definitive Healthcare Corp.

Condensed Consolidated Statements of Cash Flows

(in thousands; unaudited)

Three Months Ended June 30,

Six Months Ended June 30,

2026

2025

2026

2025

Cash flows provided by (used in) operating activities:

Net loss

(7,452

)

(9,265

)

(199,806

)

(164,358

)

Adjustments to reconcile net loss to net cash provided by operating activities:

Depreciation and amortization

1,070

868

2,074

1,459

Amortization of intangible assets

12,708

13,470

24,953

26,696

Amortization of deferred contract costs

3,699

3,988

7,439

7,935

Equity-based compensation

5,254

6,980

10,474

14,299

Amortization of debt issuance costs

181

123

340

249

Provision for (recovery of) doubtful accounts receivable

(179

)

(192

)

(321

)

Loss on partial extinguishment of debt

—

507

Non-cash restructuring charges

183

—

183

192

Goodwill impairment charges

—

197,219

176,531

Tax Receivable Agreement remeasurement

(64

)

2,901

(6,585

)

(17,763

)

Changes in fair value of contingent consideration

—

(690

)

Deferred income taxes

(465

)

398

(4,002

)

(10,609

)

Changes in operating assets and liabilities:

Accounts receivable

7,964

5,523

21,223

15,874

Prepaid expenses and other assets

3,073

1,453

(949

)

(4,230

)

Deferred contract costs

(2,919

)

(2,465

)

(5,787

)

(6,259

)

Accounts payable, accrued expenses, and other liabilities

(1,964

)

(3,400

)

(13,537

)

(12,145

)

Deferred revenue

(9,828

)

(11,091

)

(10,027

)

8,003

Net cash provided by operating activities

11,456

9,304

23,020

35,370

Cash flows (used in) provided by investing activities:

Purchases of property, equipment, and data assets

(2,942

)

(2,293

)

(6,144

)

(9,999

)

Purchases of short-term investments

—

(52,065

)

(12,500

)

(64,065

)

Maturities of short-term investments

7,845

44,196

17,326

147,447

Net cash provided by (used in) investing activities

4,903

(10,162

)

(1,318

)

73,383

Cash flows (used in) provided by financing activities:

Repayments of term loan

(2,187

)

(2,188

)

(4,375

)

(248,438

)

Proceeds from term loan

—

175,000

Payments of debt issuance costs

—

(1,660

)

Taxes paid related to net share settlement of equity awards

(520

)

(609

)

(1,446

)

(2,483

)

Repurchases of Class A common stock

—

(19,076

)

—

(40,231

)

Payments under Tax Receivable Agreement

(315

)

—

(8,077

)

(13,767

)

Member distributions

—

(2,827

)

—

(2,827

)

Net cash used in financing activities

(3,022

)

(24,700

)

(13,898

)

(134,406

)

Net increase (decrease) in cash and cash equivalents

13,337

(25,558

)

7,804

(25,653

)

Effect of exchange rate changes on cash and cash equivalents

(119

)

443

(565

)

1,259

Cash and cash equivalents, beginning of period

157,648

106,099

163,627

105,378

Cash and cash equivalents, end of period

170,866

80,984

170,866

80,984

Supplemental cash flow disclosures:

Cash paid during the period for:

Interest

2,446

2,959

4,918

5,201

Income taxes, net of refunds received

107

—

200

Supplemental disclosure of non-cash investing activities:

Capital expenditures included in accounts payable and accrued expenses and other liabilities

2,926

4,947

2,926

4,947

Definitive Healthcare Corp.

Reconciliations of Non-GAAP Financial Measures to Closest GAAP Equivalent

Reconciliation of GAAP Operating Cash Flow to Unlevered Free Cash Flow

(in thousands; unaudited)

Three Months Ended June 30,

Six Months Ended June 30,

2026

2025

2026

2025

Net cash provided by operating activities

11,456

9,304

23,020

35,370

Purchases of property, equipment, and data assets

(2,942

)

(2,293

)

(6,144

)

(9,999

)

Interest paid in cash

2,446

2,959

4,918

5,201

Transaction, integration, and restructuring expenses paid in cash (a)

344

672

4,460

2,435

Other non-core items paid in cash (b)

310

836

3,320

1,396

Unlevered Free Cash Flow

11,614

11,478

29,574

34,403

(a) Transaction and integration expenses paid in cash primarily represent legal, accounting, and consulting expenses related to our acquisitions. Restructuring expenses paid in cash relate to our restructuring plans.

(b) Non-core items paid in cash represent expenses driven by events that are typically by nature one-time, non-operational, and unrelated to our core operations.

Reconciliation of GAAP Net Loss to Adjusted Net Income and

GAAP Operating Loss to Adjusted Operating Income

(in thousands, except share and per share amounts; unaudited)

Three Months Ended June 30,

Six Months Ended June 30,

2026

2025

2026

2025

Net loss

(7,452

)

(9,265

)

(199,806

)

(164,358

)

Add: Income tax (benefit) provision

(345

)

456

(3,780

)

(10,430

)

Add: Interest expense, net

1,375

1,241

2,707

1,622

Add: Loss on partial extinguishment from debt

—

507

Add: Other (income) expense, net

(326

)

3,398

(7,159

)

(16,297

)

Loss from operations

(6,748

)

(4,170

)

(208,038

)

(188,956

)

Add: Amortization of intangible assets acquired through business combinations

10,997

11,321

21,805

22,410

Add: Equity-based compensation

5,254

6,980

10,474

14,299

Add: Transaction, integration, and restructuring expenses

2,027

672

1,262

1,937

Add: Goodwill impairment charge

—

197,219

176,531

Add: Other non-core items

310

836

2,003

1,396

Adjusted Operating Income

11,840

15,639

24,725

27,617

Less: Interest expense, net

(1,375

)

(1,241

)

(2,707

)

(1,622

)

Less: Recurring income tax benefit (provision)

345

(456

)

218

(104

)

Less: Foreign currency gain (loss)

262

(497

)

574

(1,466

)

Less: Tax impacts of adjustments to net loss

(3,559

)

(3,769

)

(6,780

)

(7,777

)

Adjusted Net Income

7,513

9,676

16,030

16,648

Shares for Adjusted Net Income Per Diluted Share (a)

143,964,049

145,675,930

143,459,263

148,721,063

Adjusted Net Income Per Share

0.05

0.07

0.11

(a) Diluted Adjusted Net Income Per Share is computed by giving effect to all potential weighted average Class A common stock and any securities that are convertible into Class A common stock, including Definitive OpCo units and restricted stock units. The dilutive effect of outstanding awards and convertible securities is reflected in diluted earnings per share by application of the treasury stock method assuming proceeds from unrecognized compensation as required by GAAP. Fully diluted shares are 165,263,337 and 158,527,020 as of June 30, 2026 and 2025, respectively.

Reconciliation of GAAP Gross Profit and Margin to Adjusted Gross Profit and Margin

(in thousands, except percentages; unaudited)

Three Months Ended June 30,

Six Months Ended June 30,

2026

2025

2026

2025

(in thousands)

Amount

% of Revenue

Amount

% of Revenue

Amount

% of Revenue

Amount

% of Revenue

Reported gross profit and margin

40,541

46,613

82,191

90,373

Amortization of intangible assets acquired through business

combinations

3,525

3,188

7,012

6,341

Equity compensation costs

180

176

340

Adjusted gross profit and margin

44,160

49,981

89,379

97,054

Reconciliation of GAAP Net Loss and Margin to Adjusted EBITDA and Margin

(in thousands, except percentages; unaudited)

Three Months Ended June 30,

Six Months Ended June 30,

2026

2025

2026

2025

Amount

% of Revenue

Amount

% of Revenue

Amount

% of Revenue

Amount

% of Revenue

Net loss and margin

(7,452

)

(14

(9,265

)

(15

(199,806

)

(180

(164,358

)

(137

Interest expense, net

1,375

1,241

2,707

1,622

(Benefit from) provision for income taxes

(345

)

456

(3,780

)

(10,430

)

Loss on partial extinguishment of debt

—

507

Depreciation & amortization

13,778

14,338

27,027

28,155

EBITDA and margin

7,356

6,770

(173,852

)

(156

(144,504

)

(120

Other income, net (a)

(326

)

3,398

(7,159

)

(16,297

)

(14

Equity-based compensation (b)

5,254

6,980

10,474

14,299

Transaction, integration, and restructuring expenses (c)

2,027

672

1,262

1,937

Goodwill impairment (d)

—

197,219

177

176,531

147

Other non-core items (e)

310

836

2,003

1,396

Adjusted EBITDA and margin

14,621

18,656

29,947

33,362

(a) Primarily represents foreign exchange and Tax Receivable Agreement liability remeasurement gains and losses.

(b) Equity-based compensation represents non-cash compensation expense recognized in association with equity awards made to employees and directors.

(c) Transaction and integration expenses consist primarily of legal, accounting, consulting, and other costs incurred in connection with acquisitions and strategic partnerships, including fair value adjustments related to contingent consideration. For the periods presented, these expenses include a first quarter 2026 adjustment from the favorable settlement of a significant data contract terminated in 2025 in connection with the integration of a prior acquisition, and a second quarter 2026 adjustment related to the settlement of an earnout matter. Restructuring expenses consist primarily of severance and other employee separation benefits under the Company’s restructuring plans, as well as impairment and other charges related to office closures, relocations, and consolidations.

Three Months Ended June 30,

Six Months Ended June 30,

(in thousands)

2026

2025

2026

2025

Merger and acquisition due diligence and transaction costs

1,844

270

2,196

1,448

Integration costs

—

402

(2,169

)

959

Fair value adjustment for contingent consideration

—

(690

)

Restructuring charges for severance and other separation costs

—

1,052

Office closure and relocation restructuring charges and impairments

183

—

183

192

Total transaction, integration and restructuring expenses

2,027

672

1,262

1,937

(d) Goodwill impairment represents non-cash, pre-tax, goodwill impairment charges. We experienced declines in our market capitalization as a result of sustained decreases in our stock price, which represented triggering events requiring our management to perform quantitative goodwill impairment tests as of the end of the first quarters of 2026 and 2025. As a result of the impairment tests conducted, we determined that the fair value of our single reporting unit was lower than its carrying value and, accordingly, recorded the impairment charges.

(e) Other non-core items represent expenses driven by events that are typically by nature one-time, non-operational, and/or unrelated to our core operations. These expenses are comprised of non-core legal, regulatory and advisory costs isolated to unique and extraordinary litigation, legal, regulatory, and other matters that are not considered normal and recurring business activity, including professional fees in connection with the evaluation of strategic, financial, tax, and capital structure alternatives. Other non-core items also include consulting fees and severance costs associated with strategic transition initiatives, as well as other non-core items.

Three Months Ended June 30,

Six Months Ended June 30,

(in thousands)

2026

2025

2026

2025

Non-core legal, regulatory, and advisory

279

(22

)

1,955

Consulting and severance costs for strategic transition initiatives

—

790

—

958

Other non-core expenses

407

Total other non-core items

310

836

2,003

1,396

XML — IDEA: XBRL DOCUMENT

XML

Filename: R1.htm · Sequence: 5

v3.26.1

Document and Entity Information

Aug. 10, 2026

Cover [Abstract]

Amendment Flag

false

Entity Central Index Key

0001861795

Document Type

8-K

Document Period End Date

Aug. 10, 2026

Entity Registrant Name

Definitive Healthcare Corp.

Entity File Number

001-40815

Entity Incorporation State Country Code

Entity Tax Identification Number

86-3988281

Entity Address, Address Line One

492 Old Connecticut Path, Suite 401

Entity Address, City or Town

Framingham

Entity Address, State or Province

Entity Address, Postal Zip Code

01701

City Area Code

508

Local Phone Number

720-4224

Written Communications

false

Soliciting Material

false

Pre Commencement Tender Offer

false

Pre Commencement Issuer Tender Offer

false

Security 12b Title

Class A Common Stock, $0.001 par value

Trading Symbol

Security Exchange Name

NASDAQ

Entity Emerging Growth Company

false

- Definition

Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.

+ References

No definition available.

+ Details

Name:

dei_AmendmentFlag

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Area code of city

+ References

No definition available.

+ Details

Name:

dei_CityAreaCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Cover page.

+ References

No definition available.

+ Details

Name:

dei_CoverAbstract

Namespace Prefix:

dei_

Data Type:

xbrli:stringItemType

Balance Type:

Period Type:

duration

- Definition

For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.

+ References

No definition available.

+ Details

Name:

dei_DocumentPeriodEndDate

Namespace Prefix:

dei_

Data Type:

xbrli:dateItemType

Balance Type:

Period Type:

duration

- Definition

The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.

+ References

No definition available.

+ Details

Name:

dei_DocumentType

Namespace Prefix:

dei_

Data Type:

dei:submissionTypeItemType

Balance Type:

Period Type:

duration

- Definition

Address Line 1 such as Attn, Building Name, Street Name

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine1

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the City or Town

+ References

No definition available.

+ Details

Name:

dei_EntityAddressCityOrTown

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Code for the postal or zip code

+ References

No definition available.

+ Details

Name:

dei_EntityAddressPostalZipCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the state or province.

+ References

No definition available.

+ Details

Name:

dei_EntityAddressStateOrProvince

Namespace Prefix:

dei_

Data Type:

dei:stateOrProvinceItemType

Balance Type:

Period Type:

duration

- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityCentralIndexKey

Namespace Prefix:

dei_

Data Type:

dei:centralIndexKeyItemType

Balance Type:

Period Type:

duration

- Definition

Indicate if registrant meets the emerging growth company criteria.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityEmergingGrowthCompany

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

+ References

No definition available.

+ Details

Name:

dei_EntityFileNumber

Namespace Prefix:

dei_

Data Type:

dei:fileNumberItemType

Balance Type:

Period Type:

duration

- Definition

Two-character EDGAR code representing the state or country of incorporation.

+ References

No definition available.

+ Details

Name:

dei_EntityIncorporationStateCountryCode

Namespace Prefix:

dei_

Data Type:

dei:edgarStateCountryItemType

Balance Type:

Period Type:

duration

- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityRegistrantName

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityTaxIdentificationNumber

Namespace Prefix:

dei_

Data Type:

dei:employerIdItemType

Balance Type:

Period Type:

duration

- Definition

Local phone number for entity.

+ References

No definition available.

+ Details

Name:

dei_LocalPhoneNumber

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

+ Details

Name:

dei_PreCommencementIssuerTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

+ Details

Name:

dei_PreCommencementTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Title of a 12(b) registered security.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

+ Details

Name:

dei_Security12bTitle

Namespace Prefix:

dei_

Data Type:

dei:securityTitleItemType

Balance Type:

Period Type:

duration

- Definition

Name of the Exchange on which a security is registered.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

+ Details

Name:

dei_SecurityExchangeName

Namespace Prefix:

dei_

Data Type:

dei:edgarExchangeCodeItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

+ Details

Name:

dei_SolicitingMaterial

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Trading symbol of an instrument as listed on an exchange.

+ References

No definition available.

+ Details

Name:

dei_TradingSymbol

Namespace Prefix:

dei_

Data Type:

dei:tradingSymbolItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

+ Details

Name:

dei_WrittenCommunications

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration