HSTM (HealthStream, Inc.) Stock Financials & Earnings | Market Cap Arena

HSTM (HealthStream, Inc.) Stock Financials & Earnings | Market Cap Arena

HSTMHealthStream, Inc.

Mkt Cap$656M

Healthcare·Medical - Healthcare Information Services·🇺🇸 United States·NASDAQ

Revenue (TTM)$304M

Net Income (TTM)$18M

EPS (TTM)$0.61

Free Cash Flow (TTM)$60M

Gross Margin64.7%

Op. Margin6.7%

Net Margin6.0%

FCF Margin19.6%

P/S Ratio (TTM)2.2x

P/E Ratio (TTM)35.8x

YoY Rev Growth+4.3%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$69M	$45M	$3M
Q2 23	$69M	$46M	$4M
Q3 23	$70M	$47M	$5M
Q4 23	$71M	$47M	$4M
Q1 24	$73M	$48M	$6M
Q2 24	$72M	$48M	$4M
Q3 24	$73M	$49M	$6M
Q4 24	$74M	$49M	$5M
Q1 25	$73M	$48M	$4M
Q2 25	$74M	$48M	$6M
Q3 25	$76M	$50M	$8M
Q4 25	$80M	$51M	$2M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	2.4x	55.5x
Q2 23	2.4x	51.0x
Q3 23	2.4x	50.2x
Q4 23	2.4x	43.1x
Q1 24	2.3x	36.8x
Q2 24	2.3x	36.7x
Q3 24	2.3x	33.3x
Q4 24	2.2x	32.8x
Q1 25	2.2x	34.3x
Q2 25	2.2x	32.3x
Q3 25	2.2x	31.7x
Q4 25	2.2x	35.8x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$21M	$20M
Q2 23	$5M	$4M
Q3 23	$25M	$24M
Q4 23	$14M	$7M
Q1 24	$21M	$20M
Q2 24	$6M	$6M
Q3 24	$19M	$12M
Q4 24	$11M	$11M
Q1 25	$27M	$26M
Q2 25	$5M	$3M
Q3 25	$18M	$18M
Q4 25	$13M	$13M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$879K
Q2 23	$503K
Q3 23	$472K
Q4 23	$7M
Q1 24	$742K
Q2 24	$172K
Q3 24	$7M
Q4 24	$203K
Q1 25	$1M
Q2 25	$2M
Q3 25	$109K
Q4 25	$204K

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+5.5%	+7.7%
Q2 23	+5.4%	+4.0%
Q3 23	+4.5%	+0.9%
Q4 23	+3.0%	+1.3%
Q1 24	+5.5%	+1.5%
Q2 24	+3.4%	+3.0%
Q3 24	+3.9%	+1.7%
Q4 24	+5.2%	+4.9%
Q1 25	+1.0%	+3.0%
Q2 25	+4.0%	+2.0%
Q3 25	+4.6%	+3.5%
Q4 25	+7.4%	+11.2%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$945K	1.4%
Q2 23	$1M	1.6%
Q3 23	$1M	1.5%
Q4 23	$1M	1.5%
Q1 24	$1M	1.5%
Q2 24	$1M	1.5%
Q3 24	$1M	1.5%
Q4 24	$1M	1.6%
Q1 25	$1M	1.5%
Q2 25	$836K	1.1%
Q3 25	$794K	1.0%
Q4 25	$5M	6.8%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q1 23	$12M	$9M	$12M
Q2 23	$11M	$9M	$11M
Q3 23	$11M	$9M	$11M
Q4 23	$12M	$8M	$11M
Q1 24	$12M	$8M	$12M
Q2 24	$12M	$10M	$11M
Q3 24	$12M	$8M	$11M
Q4 24	$13M	$9M	$12M
Q1 25	$12M	$9M	$12M
Q2 25	$12M	$7M	$12M
Q3 25	$12M	$7M	$12M
Q4 25	$15M	$9M	$13M

Revenue Segments

Quarter	Professional Services	Subscription Services
Q1 23	$3M	$66M
Q2 23	$3M	$67M
Q3 23	$3M	$67M
Q4 23	$3M	$68M
Q1 24	$3M	$70M
Q2 24	$3M	$69M
Q3 24	$3M	$70M
Q1 25	$3M	$71M
Q2 25	$2M	$72M
Q3 25	$3M	$74M
Q4 25	$3M	$77M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$49M	$10M	$59M
Q2 23	$26M	$30M	$56M
Q3 23	$44M	$28M	$72M
Q4 23	$40M	$31M	$71M
Q1 24	$52M	$31M	$84M
Q2 24	$46M	$37M	$83M
Q3 24	$57M	$37M	$95M
Q4 24	$59M	$38M	$97M
Q1 25	$77M	$36M	$113M
Q2 25	$52M	$39M	$91M
Q3 25	$54M	$39M	$93M
Q4 25	$36M	$21M	$57M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	31M	-0.2%
Q2 23	31M	+0.4%
Q3 23	31M	-0.0%
Q4 23	30M	-0.9%
Q1 24	30M	-0.2%
Q2 24	31M	+0.4%
Q3 24	31M	+0.2%
Q4 24	31M	+0.2%
Q1 25	31M	-0.2%
Q2 25	30M	-0.4%
Q3 25	30M	-2.1%
Q4 25	30M	-0.3%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$253K	674
FY 15	$251K	833
FY 16	$224K	1K
FY 17	$259K	955
FY 18	$306K	757
FY 19	$299K	849
FY 20	$236K	1K
FY 21	$239K	1K
FY 22	$235K	1K
FY 23	$259K	1K
FY 24	$269K	1K
FY 25	$338	900K