Healthstream Inc (HSTM) Financial Statements
Industry: Computer Programming, Data Processing, Etc. (Services)
In fiscal 2025, Healthstream reported revenue of $304.1M, up 4.3% from $291.6M the year before. Net income was $18.3M (a 6.0% net margin), or $0.61 per diluted share. Gross margin was 6.7% and operating margin was 6.7%. Operating activities generated $63.3M of cash, leaving $59.6M of free cash flow. At fiscal year end, Healthstream held $520.4M in total assets against $166.4M in total liabilities, including $36.2M of cash and equivalents.
Open the full interactive Healthstream financials → Quarterly statements, key ratios, valuation history and price charts.
Healthstream Key Stats
| Share Price | $33.75 |
|---|---|
| Market Cap | $989.3M |
| P/E Ratio | 55.3 |
| Dividend Yield | 0.37% |
| Revenue YoY Growth | +4.3% |
| 52-Week Range | $19.79 – $33.75 |
| Shares Outstanding | 29.2 million (basic, 2026 Q2) |
Healthstream Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $244.8M | $256.7M | $266.8M | $279.1M | $291.6M | $304.1M |
| Cost of Goods Sold | $229.0M | $248.7M | $254.4M | $263.0M | $270.4M | $283.8M |
| Gross Profit | $15.8M | $8.1M | $12.4M | $16.0M | $21.3M | $20.2M |
| Operating Income | $15.8M | $8.1M | $12.4M | $16.0M | $21.3M | $20.2M |
| Pre-Tax Income | $17.8M | $7.8M | $15.6M | $18.5M | $24.8M | $23.2M |
| Income Tax | $3.7M | $1.9M | $3.5M | $3.3M | $4.8M | $4.9M |
| Net Income | $14.1M | $5.8M | $12.1M | $15.2M | $20.0M | $18.3M |
| Diluted EPS | $0.44 | $0.18 | $0.39 | $0.50 | $0.66 | $0.61 |
Healthstream Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $76.5M | $79.7M | $81.2M | $83.7M |
| Net Income | $6.1M | $2.5M | $5.9M | $6.7M |
| Diluted EPS | $0.20 | $0.08 | $0.20 | $0.23 |
Healthstream Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $36.6M | $46.9M | $46.0M | $40.3M | $59.5M | $36.2M |
| Current Assets | $114.7M | $106.8M | $114.4M | $130.2M | $153.1M | $119.7M |
| Total Assets | $500.3M | $486.8M | $497.7M | $499.9M | $510.8M | $520.4M |
| Current Liabilities | $119.4M | $100.3M | $117.2M | $118.4M | $115.7M | $124.1M |
| Total Liabilities | $166.3M | $147.7M | $163.7M | $159.2M | $151.4M | $166.4M |
| Shareholders' Equity | $334.1M | $339.0M | $334.1M | $340.8M | $359.4M | $354.0M |
Healthstream Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $35.9M | $42.4M | $51.2M | $64.0M | $57.7M | $63.3M |
| Cash From Investing | -$110.4M | -$25.7M | -$28.4M | -$56.6M | -$34.0M | -$50.4M |
| Cash From Financing | -$20.5M | -$6.2M | -$23.7M | -$13.0M | -$4.5M | -$36.3M |
| Free Cash Flow | $33.9M | $39.0M | $49.4M | $61.8M | $56.3M | $59.6M |
| Dividends Paid | — | — | — | — | $3.4M | $3.7M |
Figures from Healthstream's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Healthstream financials page for every line item.
Healthstream Company Profile
| Ticker | HSTM |
|---|---|
| Exchange | Nasdaq |
| Industry | Computer Programming, Data Processing, Etc. (Services) |
| Headquarters | Nashville, Tennessee |
| Incorporated in | Tennessee |
| Fiscal Year End | December 31 |
| SEC Filer Category | Accelerated filer |
| SEC CIK | 0001095565 |
Frequently Asked Questions
What was Healthstream's revenue in fiscal 2025?
Healthstream (HSTM) reported revenue of $304.1M for fiscal 2025.
What is Healthstream's annual revenue history?
Healthstream's annual revenue by fiscal year: 2020: $244.8M; 2021: $256.7M; 2022: $266.8M; 2023: $279.1M; 2024: $291.6M; 2025: $304.1M.
What was Healthstream's net income in fiscal 2025?
Healthstream reported net income of $18.3M for fiscal 2025.
What was Healthstream's earnings per share (EPS) in fiscal 2025?
Healthstream's diluted EPS was $0.61 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Healthstream generate in fiscal 2025?
Healthstream generated $59.6M of free cash flow in fiscal 2025.
What was Healthstream's revenue last quarter?
In its most recent reported quarter (2026 Q2), Healthstream reported revenue of $83.7M.
How many shares of Healthstream are outstanding?
Healthstream reported a weighted average of 29.2 million basic shares outstanding in 2026 Q2.
What is Healthstream's market cap?
Based on its latest closing price, Healthstream (HSTM) has a market capitalization of about $989.3M.
When does Healthstream's fiscal year end?
Healthstream's fiscal year end, as registered with the SEC, is December 31.
Where is Healthstream headquartered?
Healthstream lists its business address in Nashville, Tennessee in its SEC filings.