HealthStream, Inc. (HSTM)

NASDAQ: HSTM · Real-Time Price · USD

33.77

+0.46 (1.38%)

At close: Oct 20, 2026, 4:00 PM EDT

34.94

+1.17 (3.46%)

After-hours: Oct 20, 2026, 7:30 PM EDT

HealthStream Financials Overview

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

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	321.12	304.06	291.65	279.06	266.83	256.71
Revenue Growth	8.78%	4.26%	4.51%	4.59%	3.94%	4.86%
Gross Profit	208.99	196.86	193.71	184.04	175.68	165.68
Operating Income	26.3	20.74	21.29	16.02	12.65	8.06
Net Income	21.2	18.34	20.01	15.21	12.09	5.85
Earnings Per Share	0.72	0.61	0.66	0.50	0.39	0.18
EPS Growth	7.44%	-7.36%	32.31%	27.60%	116.67%	-59.09%

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	66.73	57	97.22	71.13	53.91	51.95
Total Debt	13.43	17.58	20.17	23.22	26.16	29.11
Net Cash (Debt)	53.3	39.43	77.05	47.91	27.75	22.84
Net Cash Growth	-28.67%	-48.83%	60.81%	72.67%	21.48%	56.17%
Net Cash Per Share	1.80	1.31	2.52	1.56	0.90	0.72

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	71.79	63.32	57.66	63.97	51.19	42.39
Capital Expenditures	-1.96	-3.69	-1.4	-2.2	-1.77	-3.42
Free Cash Flow	69.83	59.63	56.26	61.77	49.42	38.97
Free Cash Flow Growth	19.34%	6.00%	-8.92%	24.99%	26.82%	15.00%

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Gross Margin	65.08%	64.74%	66.42%	65.95%	65.84%	64.54%
Operating Margin	8.19%	6.82%	7.30%	5.74%	4.74%	3.14%
Pretax Margin	8.60%	7.64%	8.50%	6.63%	5.84%	3.03%
Profit Margin	6.60%	6.03%	6.86%	5.45%	4.53%	2.28%
FCF Margin	21.75%	19.61%	19.29%	22.13%	18.52%	15.18%

Dividends

Fiscal Year	Current	FY 2025	FY 2024	FY 2023
Period Ending	Oct '26 Oct 21, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Dividend Per Share	0.140	0.124	0.112	0.100
Dividend Per Share Growth	12.40%	10.71%	12.00%	-
Dividend Yield	0.41%	0.54%	0.35%	0.37%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '26 Oct 21, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
PE Ratio	46.99	37.32	48.34	53.81	62.81	142.34
Forward PE	45.43	30.26	48.68	64.87	80.34	146.44
P/FCF Ratio	14.80	11.48	17.19	13.25	15.37	21.35
PS Ratio	3.22	2.25	3.32	2.93	2.85	3.24