HealthStream, Inc. logo

HealthStream, Inc.

HSTM

NASDAQHealthcareMedical - Healthcare Information Services

Latest quote

$28.84

+$0.28 · +0.98%

Aug 21, 3:55 PM ET

HSTM company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

73

Undervalued

Momentum

61

Gaining

Sentiment

63

Bullish

Risk resilience

75

Moderate Risk

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Company profile

Company website

HealthStream, Inc., established in 1990 and headquartered in Nashville, Tennessee, delivers specialized workforce and provider solutions to healthcare organizations throughout the United States. Its operations are divided into two primary segments: Workforce Solutions and Provider Solutions. The Workforce Solutions segment provides a suite of software-as-a-service (SaaS) and subscription-based tools. These comprehensive services address various aspects of healthcare staff development and management, encompassing clinical skill enhancement, talent acquisition and retention, training programs, educational resources, professional certification, scheduling logistics, competency evaluations, and performance reviews. Additionally, this segment offers support through implementation and account management. Specific applications under this umbrella cover learning platforms, performance assessment, competency tracking, disclosure management, clinical skill evaluation, simulation-based learning, quality assurance, and sector-specific training. Complementing this, the Provider Solutions segment focuses on administrative and operational needs. It includes VerityStream, an enterprise platform designed to optimize the experience for healthcare providers across diverse settings such as ambulatory surgery centers, urgent care clinics, medical groups, and other facilities. Furthermore, HealthStream offers EchoCredentialing and MSOW platforms to streamline the credentialing, enrollment, and privileging processes for medical staff in hospitals. EchoOneApp facilitates provider enrollment for medical groups. Other key offerings comprise CredentialMyDoc, a SaaS solution for credentialing and enrollment for medical groups and surgery centers; CredentialStream, another SaaS-based platform for provider credentialing, privileging, and enrollment; and NurseGrid Mobile, a dedicated application for nurse managers. These diverse solutions are marketed directly to a broad spectrum of healthcare entities, including private, non-profit, and governmental organizations, as well as pharmaceutical and medical device manufacturers.

Industry
Medical - Healthcare Information Services
Sector
Healthcare
Headquarters
US
CEO
Robert A. Frist Jr.
Listed since
Apr 11, 2000
Employees
1,150

Market position

Volume
374.49K
1.69× average
Average volume
222.15K
Average daily volume
Market cap
843.44M USD
Beta
0.44
Market reference 1

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
671.04M USD
EV / EBITDA
10.06×
Earnings yield
2.65%
Free cash flow yield
8.61%

Profitability & efficiency

Return on equity
5.18%
Return on assets
3.52%
Return on invested capital
4.03%

Financial health

Current ratio
0.96×
Altman Z-score
4.23
Piotroski F-score
7 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends73%47%22%-4%Gross margin, FY2021: 64.54%Gross margin, FY2022: 65.84%Gross margin, FY2023: 65.95%Gross margin, FY2024: 66.42%Gross margin, FY2025: 64.74%Operating margin, FY2021: 3.14%Operating margin, FY2022: 4.67%Operating margin, FY2023: 5.74%Operating margin, FY2024: 7.30%Operating margin, FY2025: 6.66%Net margin, FY2021: 2.28%Net margin, FY2022: 4.53%Net margin, FY2023: 5.45%Net margin, FY2024: 6.86%Net margin, FY2025: 6.03%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 64.54%. Gross margin FY2022 65.84%. Gross margin FY2023 65.95%. Gross margin FY2024 66.42%. Gross margin FY2025 64.74%. Operating margin FY2021 3.14%. Operating margin FY2022 4.67%. Operating margin FY2023 5.74%. Operating margin FY2024 7.30%. Operating margin FY2025 6.66%. Net margin FY2021 2.28%. Net margin FY2022 4.53%. Net margin FY2023 5.45%. Net margin FY2024 6.86%. Net margin FY2025 6.03%.

Income trends

Revenue

304.06M USD+4.26%

Operating income

20.24M USD-4.94%

Net income

18.34M USD-8.32%
Income trends across reported periods333.89M USD214.6M USD95.31M USD−23.98M USDRevenue, FY2021: 256.71M USDRevenue, FY2022: 266.83M USDRevenue, FY2023: 279.06M USDRevenue, FY2024: 291.65M USDRevenue, FY2025: 304.06M USDOperating income, FY2021: 8.06M USDOperating income, FY2022: 12.45M USDOperating income, FY2023: 16.02M USDOperating income, FY2024: 21.29M USDOperating income, FY2025: 20.24M USDNet income, FY2021: 5.85M USDNet income, FY2022: 12.09M USDNet income, FY2023: 15.21M USDNet income, FY2024: 20.01M USDNet income, FY2025: 18.34M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 256.71M USD. Revenue FY2022 266.83M USD. Revenue FY2023 279.06M USD. Revenue FY2024 291.65M USD. Revenue FY2025 304.06M USD. Operating income FY2021 8.06M USD. Operating income FY2022 12.45M USD. Operating income FY2023 16.02M USD. Operating income FY2024 21.29M USD. Operating income FY2025 20.24M USD. Net income FY2021 5.85M USD. Net income FY2022 12.09M USD. Net income FY2023 15.21M USD. Net income FY2024 20.01M USD. Net income FY2025 18.34M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue304.06M USD291.65M USD279.06M USD266.83M USD256.71M USD
Cost of goods sold107.21M USD97.94M USD95.02M USD91.14M USD91.03M USD
Gross profit196.86M USD193.71M USD184.04M USD175.68M USD165.68M USD
Research and development50.98M USD48.89M USD45.54M USD44.28M USD41.66M USD
Selling, general, and administrative82.16M USD82.29M USD81.41M USD81.01M USD79.15M USD
Operating expenses176.62M USD172.42M USD168.02M USD163.23M USD157.62M USD
Interest income3.34M USD3.83M USD2.36M USD444K USD
Depreciation and amortization43.48M USD41.24M USD41.08M USD37.95M USD36.81M USD
Operating income20.24M USD21.29M USD16.02M USD12.45M USD8.06M USD
Net income18.34M USD20.01M USD15.21M USD12.09M USD5.85M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
82%
9 beats, 2 misses, 0 met estimates
Average EPS surprise
+20.72%
11 comparable reports
Latest EPS result
0.23
Estimate 0.17 · Beat by 38.55%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.270.210.140.08Q1 '25BeatQ2 '25MissQ3 '25BeatQ4 '25BeatQ1 '26MissQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 24, 2025: actual 0.16, estimate 0.13, surprise +23.08%, Beat. Q2 2025, reported May 5, 2025: actual 0.14, estimate 0.16, surprise -12.50%, Miss. Q3 2025, reported Aug 4, 2025: actual 0.18, estimate 0.16, surprise +12.50%, Beat. Q4 2025, reported Nov 3, 2025: actual 0.2, estimate 0.17, surprise +17.65%, Beat. Q1 2026, reported Feb 23, 2026: actual 0.09, estimate 0.16, surprise -43.75%, Miss. Q2 2026, reported May 4, 2026: actual 0.2, estimate 0.16, surprise +25.00%, Beat. Q3 2026, reported Aug 3, 2026: actual 0.23, estimate 0.166, surprise +38.55%, Beat. Q4 2026, reported Nov 2, 2026: actual —, estimate 0.15, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates87.08M81.43M75.78M70.14MQ1 '25BeatQ2 '25MissQ3 '25MissQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 24, 2025: actual 74.24M USD, estimate 73.55M USD, surprise +0.94%, Beat. Q2 2025, reported May 5, 2025: actual 73.49M USD, estimate 75.18M USD, surprise -2.25%, Miss. Q3 2025, reported Aug 4, 2025: actual 74.4M USD, estimate 75.73M USD, surprise -1.76%, Miss. Q4 2025, reported Nov 3, 2025: actual 76.47M USD, estimate 76.21M USD, surprise +0.35%, Beat. Q1 2026, reported Feb 23, 2026: actual 79.71M USD, estimate 76.2M USD, surprise +4.60%, Beat. Q2 2026, reported May 4, 2026: actual 81.2M USD, estimate 79.68M USD, surprise +1.91%, Beat. Q3 2026, reported Aug 3, 2026: actual 83.73M USD, estimate 80.82M USD, surprise +3.60%, Beat. Q4 2026, reported Nov 2, 2026: actual —, estimate 82.24M USD, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$0.124

2025 complete year+24.0% since 2023

2026 partial: $0.105

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Aug 17, 2026

$0.035

Quarterly

Record Aug 17, 2026 · Payment Aug 28, 2026

Dividend

Ex-dividend May 18, 2026

$0.035

Quarterly

Record May 18, 2026 · Payment May 29, 2026

Dividend

Ex-dividend Mar 9, 2026

$0.035

Quarterly

Record Mar 9, 2026 · Payment Mar 20, 2026

Dividend

Ex-dividend Nov 17, 2025

$0.031

Quarterly

Record Nov 17, 2025 · Payment Nov 28, 2025

Dividend

Ex-dividend Aug 18, 2025

$0.031

Quarterly

Record Aug 18, 2025 · Payment Aug 29, 2025

Dividend

Ex-dividend May 19, 2025

$0.031

Quarterly

Record May 19, 2025 · Payment May 30, 2025

HSTM peers

ETFs holding HSTM

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