Healthstream Inc (HSTM) financials
Healthstream revenue and earnings by year
Healthstream's revenue was $304 million in the fiscal year to December 31, 2025, up 4.3% from the year before. Net income was $18.3 million, 6.0% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 5.2% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 304 | 292 | 279 | 267 | 257 | 245 | 254 | 232 | 215 | 192 |
| Revenue growth | 4.3% | 4.5% | 4.6% | 3.9% | 4.9% | -3.7% | 9.7% | 7.8% | 11.9% | — |
| Gross profit | 197 | 194 | 184 | 176 | 166 | 155 | 150 | 136 | 128 | 117 |
| Gross margin | 64.7% | 66.4% | 65.9% | 65.8% | 64.5% | 63.5% | 59.1% | 58.5% | 59.4% | 61.0% |
| Operating income | 20 | 21 | 16 | 12 | 8 | 16 | 15 | 15 | 9 | 7 |
| Operating margin | 6.7% | 7.3% | 5.7% | 4.7% | 3.1% | 6.5% | 5.8% | 6.7% | 4.4% | 3.7% |
| Net income | 18 | 20 | 15 | 12 | 6 | 14 | 16 | 32 | 10 | 4 |
| Net margin | 6.0% | 6.9% | 5.5% | 4.5% | 2.3% | 5.8% | 6.2% | 13.9% | 4.7% | 2.0% |
| Diluted EPS | $0.61 | $0.66 | $0.50 | $0.39 | $0.18 | $0.44 | $0.49 | $1.00 | $0.31 | $0.12 |
| Free cash flow | 31 | 30 | 36 | 26 | 17 | 17 | 29 | 26 | 32 | 11 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open HSTM in Markets.
How Healthstream makes money
Revenue by segment in the quarter to June 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Subscription Services | $80.0M | 95.5% |
| Professional Services | $3.75M | 4.5% |
See also: HSTM valuation and P/E history · HSTM returns
No forecast, no recommendation. This page describes Healthstream Inc from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.