HealthStream, Inc. (HSTM)

HealthStream Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	298.59	291.65	279.06	266.83	256.71	244.83
Revenue Growth (YoY)	3.68%	4.51%	4.59%	3.94%	4.86%	-3.65%
Cost of Revenue	103.47	97.94	95.02	91.14	91.03	89.33
Gross Profit	195.12	193.71	184.04	175.68	165.68	155.49
Selling, General & Admin	80.79	82.29	81.41	80.81	79.15	77.18
Research & Development	48.91	48.89	45.54	44.28	41.66	32.31
Operating Expenses	172.6	172.42	168.02	163.03	157.62	139.68
Operating Income	22.52	21.29	16.02	12.65	8.06	15.82
Interest Expense	-0.1	-0.1	-0.12	-	-	-
Interest & Investment Income	3.65	3.83	2.36	0.44	-	-
Earnings From Equity Investments	-0.23	-0.23	-0.38	-0.75	-0.46	-0.05
Other Non Operating Income (Expenses)	0.01	0.01	0.22	-0.16	-0.11	0.88
EBT Excluding Unusual Items	25.85	24.8	18.09	12.19	7.49	16.64
Merger & Restructuring Charges	-	-	-	-0.2	-	-
Gain (Loss) on Sale of Investments	-	-	0.43	3.6	0.28	1.18
Pretax Income	25.85	24.8	18.51	15.59	7.77	17.82
Income Tax Expense	5.15	4.8	3.3	3.49	1.92	3.73
Earnings From Continuing Operations	20.7	20.01	15.21	12.09	5.85	14.09
Net Income	20.7	20.01	15.21	12.09	5.85	14.09
Net Income to Common	20.7	20.01	15.21	12.09	5.85	14.09
Net Income Growth	5.02%	31.51%	25.82%	106.86%	-58.52%	-10.65%
Shares Outstanding (Basic)	30	30	31	31	32	32
Shares Outstanding (Diluted)	30	31	31	31	32	32
Shares Change (YoY)	-0.44%	-0.42%	-0.14%	-2.85%	-1.16%	-1.35%
EPS (Basic)	0.68	0.66	0.50	0.39	0.19	0.44
EPS (Diluted)	0.68	0.66	0.50	0.39	0.18	0.44
EPS Growth	4.75%	32.31%	27.60%	116.67%	-59.09%	-9.68%
Free Cash Flow	57.6	56.26	61.77	49.42	38.97	33.89
Free Cash Flow Per Share	1.90	1.84	2.01	1.61	1.23	1.06
Dividend Per Share	0.121	0.112	0.100	-	-	-
Dividend Growth	11.01%	12.00%	-	-	-	-
Gross Margin	65.35%	66.42%	65.95%	65.84%	64.54%	63.51%
Operating Margin	7.54%	7.30%	5.74%	4.74%	3.14%	6.46%
Profit Margin	6.93%	6.86%	5.45%	4.53%	2.28%	5.76%
Free Cash Flow Margin	19.29%	19.29%	22.13%	18.52%	15.18%	13.84%
EBITDA	41.33	38.43	35.1	31.69	29.27	33.31
EBITDA Margin	13.84%	13.18%	12.58%	11.88%	11.40%	13.60%
D&A For EBITDA	18.81	17.14	19.08	19.05	21.21	17.49
EBIT	22.52	21.29	16.02	12.65	8.06	15.82
EBIT Margin	7.54%	7.30%	5.74%	4.74%	3.14%	6.46%
Effective Tax Rate	19.93%	19.34%	17.82%	22.42%	24.74%	20.94%
Advertising Expenses	-	1.9	1.5	1.9	-	1.1

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q