FORM 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2026 ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission file number 001-40903 HEALTHCARE TRIANGLE, INC.(Exact name of registrant as specified in its charter) (925) 270-4812(Registrant’s telephone number, including area code) Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smallerreporting company. See the definitions of “large accelerated filer”, “accelerated filer”, “smaller reporting company”, and “emerginggrowth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer☐Accelerated filer☐Non-accelerated filer☒Smaller reportingcompany☒Emerging growthcompany☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes☐No☒ As of May 13, 2026, 2,027,783 shares of the registrant’s common stock, $0.00001 par value per share, were issued and outstanding. Table of Contents Note About Forward-Looking StatementsiiPART I – FINANCIAL INFORMATION1Item 1. Financial statements1Unaudited Condensed Consolidated Balance sheets1Unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss2Unaudited Condensed Consolidated Statements of Changes in Stockholders’ Equity (Deficit)3Unaudited Condensed Consolidated Statements of Cash Flows4Notes to Unaudited Condensed Consolidated Financial Statements5Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations28Item 3. Quantitative and Qualitative Disclosures About Market Risk39Item 4. Controls and Procedures39PART II - OTHER INFORMATION40Item 1. Legal Proceedings40Item 1A. Risk Factors40Item 2. Unregistered Sales of Equity Securities and Use of Proceeds40Item 3. Defaults Upon Senior Securities40Item 4. Mine Safety Disclosures40Item 5. Other Information40Item 6. Exhibits41Signatures43 This Quarterly Report on Form 10-Q, including the sections titled “Management’s Discussion and Analysis of Financial Condition andResults of Operations” and “Risk Factors,” contains certain forward-looking statements within the meaning of Section 27A of theSecurities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, involving substantial risksand uncertainties. The words “believe,” “may,” “will,” “potentially,” “plan,” “could,” “should,” “predict,” “ongoing,” “estimate,”“continue,” “anticipate,” “intend,” “project,” “expect,” “seek,” or the negative of these words, or terms or similar expressionsconveying uncertainty of future events or outcomes, or that concern our expectations, strategy, plans or intentions, are intended toidentify forward-looking statements. Forward-looking statements involve risks and uncertainties that could cause actual results todiffer materially from those projected, anticipated, or expected. When considering forward-looking statements, you should keep inmind the risk factors and other cautionary statements discussed under the heading “Risk Factors” and in our publicly available filingsand press releases. These statements include, among other things, those regarding: ●our ability to continue to add new customers and increase sales to our existing customers;●our ability to develop new solutions and bring them to market in a timely manner;●our ability to timely and effectively scale and adapt our existing solutions;●our dependence on establishing and maintaining a strong brand;●the occurrence of service interruptions and security or privacy breaches and related remediation efforts and fines;●system failures or capacity constraints●the rate of growth of, and anticipated trends and challenges in, our business and in the market for our products;●our future financial performance, including our expectations regarding our revenue, cost of revenue, operating expenses,including changes in tec