HSTM
HealthStream Inc
NASDAQ: HSTM · HEALTHCARE · HEALTH INFORMATION SERVICES
$21.22
-1.94% today
Updated 2026-04-29
Market cap
$628.01M
P/E ratio
35.13
P/S ratio
2.07x
EPS (TTM)
$0.61
Dividend yield
0.58%
52W range
$19 – $34
Volume
0.3M
HealthStream Inc (HSTM) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $31.78M | $43.95M | $51.60M | $57.40M | $65.75M | $82.07M | $103.73M | $132.27M | $170.69M | $209.00M | $225.97M | $247.66M | $231.62M | $254.11M | $244.83M | $256.71M | $266.83M | $279.06M | $291.65M | $304.06M |
| Revenue growth (YoY) | — | +38.3% | +17.4% | +11.2% | +14.6% | +24.8% | +26.4% | +27.5% | +29.0% | +22.4% | +8.1% | +9.6% | -6.5% | +9.7% | -3.7% | +4.9% | +3.9% | +4.6% | +4.5% | +4.3% |
| Cost of revenue | $10.87M | $16.16M | $19.65M | $21.34M | $24.19M | $31.07M | $41.66M | $55.60M | $74.14M | $89.39M | $96.63M | $106.00M | $96.01M | $103.89M | $89.33M | $91.03M | $91.14M | $95.02M | $97.94M | $107.21M |
| Gross profit | $20.91M | $27.79M | $31.95M | $36.05M | $41.56M | $51.00M | $62.07M | $76.67M | $96.55M | $119.62M | $129.34M | $141.66M | $135.60M | $150.22M | $155.49M | $165.68M | $175.68M | $184.04M | $193.71M | $196.85M |
| Gross margin | 65.8% | 63.2% | 61.9% | 62.8% | 63.2% | 62.1% | 59.8% | 58.0% | 56.6% | 57.2% | 57.2% | 57.2% | 58.5% | 59.1% | 63.5% | 64.5% | 65.8% | 65.9% | 66.4% | 64.7% |
| R&D | $3.50M | $4.31M | $5.67M | $6.29M | $6.99M | $7.47M | $8.61M | $11.76M | $16.46M | $24.21M | $28.90M | $27.90M | $25.73M | $29.11M | $32.30M | $41.66M | $44.28M | $45.54M | $48.89M | $50.98M |
| SG&A | $5.59B | $17.06M | $8.15M | $8.58M | $9.58M | $10.76M | $13.45M | $18.34M | $22.91M | $29.26M | $33.66M | $34.77M | $34.45M | $40.58M | $41.88M | $39.70M | $36.87M | $35.66M | $35.13M | $32.77M |
| Operating income | $1.91M | $1.92M | $2.48M | $5.12M | $7.06M | $11.34M | $13.46M | $14.67M | $16.38M | $13.56M | $5.57M | $9.80M | $15.49M | $14.72M | $15.82M | $8.05M | $12.45M | $16.02M | $21.29M | $20.24M |
| Operating margin | 6.0% | 4.4% | 4.8% | 8.9% | 10.7% | 13.8% | 13.0% | 11.1% | 9.6% | 6.5% | 2.5% | 4.0% | 6.7% | 5.8% | 6.5% | 3.1% | 4.7% | 5.7% | 7.3% | 6.7% |
| EBITDA | $4.80M | $6.42M | $7.44M | $10.29M | $11.96M | $16.81M | $20.12M | $22.52M | $27.31M | $30.55M | $28.36M | $33.45M | $39.72M | $42.59M | $46.01M | $44.87M | $50.39M | $57.09M | $62.53M | $66.70M |
| EBITDA margin | 15.1% | 14.6% | 14.4% | 17.9% | 18.2% | 20.5% | 19.4% | 17.0% | 16.0% | 14.6% | 12.5% | 13.5% | 17.1% | 16.8% | 18.8% | 17.5% | 18.9% | 20.5% | 21.4% | 21.9% |
| EBIT | $1.91M | $1.92M | $2.62M | $5.15M | $7.08M | $11.40M | $13.46M | $14.67M | $16.38M | $13.56M | $6.15M | $9.41M | $15.49M | $14.72M | $15.82M | $8.05M | $12.45M | $16.02M | $21.29M | $23.22M |
| Interest expense | $36.72M | $0.00 | $67613.00 | $40695.00 | $40925.00 | $48000.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.78M | $2.00M | $289000.00 | $3.14M | — | — | — |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $2.50M | $4.09M | $2.85M | $13.97M | $4.15M | $6.94M | $7.64M | $8.42M | $10.39M | $8.62M | $3.75M | $10.00M | $32.22M | $15.77M | $14.09M | $5.84M | $12.09M | $15.21M | $20.01M | $18.34M |
| Net income growth (YoY) | — | +63.5% | -30.2% | +389.4% | -70.3% | +67.1% | +10.1% | +10.1% | +23.5% | -17.1% | -56.4% | +166.4% | +222.0% | -51.1% | -10.6% | -58.5% | +106.9% | +25.8% | +31.5% | -8.3% |
| Profit margin | 7.9% | 9.3% | 5.5% | 24.3% | 6.3% | 8.5% | 7.4% | 6.4% | 6.1% | 4.1% | 1.7% | 4.0% | 13.9% | 6.2% | 5.8% | 2.3% | 4.5% | 5.5% | 6.9% | 6.0% |