Stocks Technology HSTM
NASDAQ · TechnologyHealthstream Inc (HSTM)
Healthstream Inc brought in $328M of revenue over the twelve months to September 30, 2026, up 9.8% from a year earlier. Net income was $20.5M, a net margin of 6.2%. Operating cash flow minus capital spending left $59.6M of free cash flow in fiscal 2025. At September 30, 2026 it held $59M in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 5, 2026.
Key facts about Healthstream Inc
- Net worth
- Healthstream Inc has a market value (market cap) of $843.6M at the latest share price, and shareholders' equity of $401.9M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $304.1M (+4.3% year on year), with net income of $18.3M. Over the 12 months to September 30, 2026: revenue $328M, net income $20.5M.
- Cash flow
- In fiscal 2025 operations brought in $63.3M of cash; after $3.7M of capital spending, free cash flow was $59.6M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 5, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Healthstream Inc's next report is expected around February 22, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- Healthstream Inc declared dividends of $0.12 per share in fiscal 2025, a yield of 0.43% at the current price.
What Healthstream Inc does
Healthstream Inc is registered with the SEC under industry code SIC 7370 (Services-Computer Programming, Data Processing, Etc.). Its shares trade on NASDAQ under the ticker HSTM.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $304.1M | $18.3M | $0.61 | $59.6M |
| 2024 | $291.6M | $20M | $0.66 | $56.3M |
| 2023 | $279.1M | $15.2M | $0.50 | $61.8M |
| 2022 | $266.8M | $12.1M | $0.39 | $49.4M |
| 2021 | $256.7M | $5.8M | $0.18 | $39M |
| 2020 | $244.8M | $14.1M | $0.44 | $33.9M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where HSTM ranks in Technology
Dividends
Healthstream Inc declared $0.12 per share in fiscal 2025. At the current price that is a yield of 0.43%. It paid out $3.7M in cash dividends, 20% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $0.12 | $3.7M | 20% |
| 2024 | $0.11 | $3.4M | 17% |
| 2023 | $0.10 | $3.1M | 20% |
| 2022 | $0.00 | $0 | 0% |
| 2021 | $0.00 | $19K | 0% |
| 2020 | n/a | $40K | 0% |
Latest SEC filings
What Healthstream Inc has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 5, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 8.9% to $83.3M versus the same quarter last year; diluted EPS $0.18 versus $0.20.
- November 2, 2026
- September 23, 2026Executive or director change8-KHealthStream approved special time-based and performance-based equity grants for its named executive officers.
- September 21, 2026Activist stake (5% or more) SCHEDULE 13D
- September 15, 2026Material agreement8-KHealthStream completed a private placement of common stock to WJRJJ Ventures, LLC for newly issued shares and secondary shares.
- September 14, 2026Material agreement8-KHealthStream amended its revolving credit facility to extend its maturity through September 10, 2031.
- August 6, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 13% to $83.7M versus the same quarter last year; diluted EPS $0.23 versus $0.18.
- August 3, 2026
- July 29, 2026Other event 8-K
- July 14, 2026Passive stake (5% or more) SCHEDULE 13G
What is HSTM worth? A DCF from its reported cash flow
Insider trades
What the people running Healthstream Inc did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $5.8M worth of shares in the last 90 days and bought none on the open market. 7% of the selling was pre-planned under Rule 10b5-1 trading plans.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| November 6, 2026 | Taylor Tate DeborahDirector | Gave as a gift | 900 | - |
| November 5, 2026 | Collier Michael ManningExecutive Vice President | Sold | 3,300 | $101K |
| November 5, 2026 | Collier Michael ManningExecutive Vice President | Exercised options | 18,000 | $366.1K |
| November 5, 2026 | Collier Michael ManningExecutive Vice President | Sold | 18,000 | $537.4K |
| November 5, 2026 | Roberts Scott AlexanderCFO and SVP | Sold | 9,500 | $306.5K |
| November 5, 2026 | Taylor Tate DeborahDirector | Sold | 3,281 | $105.6K |
| November 5, 2026 | O'Hara Kevin PExecutive Vice President | Sold | 4,000 | $124.4K |
| October 29, 2026 | Roberts Scott AlexanderCFO and SVP | Exercised options | 895 | - |
Who owns HSTM
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| WJRJJ Ventures, LLC13D, may seek influence | 9.6% | September 21, 2026 |
| Dimensional Fund Advisors LP13G, passive | 5.3% | July 14, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 219 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 4,080,144 | +228,215 |
| Dimensional Fund Advisors LP | 1,557,981 | +101,938 |
| Copeland Capital Management, LLC | 1,248,384 | -28,355 |
| First Eagle Investment Management, LLC | 1,183,796 | +758,098 |
| Vanguard Capital Management LLC | 1,045,298 | -2,629 |
| State Street Corp | 1,004,170 | +8,613 |
| Vanguard Portfolio Management LLC | 880,543 | -41,303 |
| Two Sigma Investments, LP | 805,584 | -38,836 |
| Geode Capital Management, LLC | 779,219 | +64,472 |
| Goldman Sachs Group Inc | 665,917 | +391,459 |
| Jpmorgan Chase & Co | 635,565 | +181,827 |
| Arrowstreet Capital, Limited Partnership | 433,651 | +55,706 |
| Renaissance Technologies LLC | 423,000 | -54,848 |
| Morgan Stanley | 382,954 | +13,968 |
| Northern Trust Corp | 379,711 | +18,034 |
| Creative Planning | 285,852 | +67,666 |
| Lazard Asset Management LLC | 240,950 | +83,742 |
| Aqr Capital Management LLC | 240,232 | +181,390 |
| Charles Schwab Investment Management Inc | 237,710 | -27,934 |
| Bank of New York Mellon Corp | 227,493 | +3,856 |
Insiders
16 insiders reported holding 9,961,258 shares in total, about $287.4M at the last price.
| Holder | Shares |
|---|---|
| Frist Robert A JrCEO and Chairman, Director, 10% owner | 8,955,468995,000 held indirectly |
| Gordon FrankDirector | 215,552 |
| Dent ThompsonDirector | 139,975 |
| Collier Michael ManningExecutive Vice President | 119,553 |
| Rebrovick LindaDirector | 90,658 |
| Coady Trisha LExecutive Vice President | 82,497 |
| Cunningham JeffChief Technology Officer | 76,886 |
| McQuigg Michael ScottSenior Vice President | 72,242 |
| Roberts Scott AlexanderCFO and SVP | 65,960 |
| Taylor Tate DeborahDirector | 45,217 |
Questions about HSTM
What does Healthstream Inc do?
Healthstream Inc is a company in the Technology sector, listed on NASDAQ as HSTM. Its shares trade on NASDAQ under the ticker HSTM.
What is Healthstream Inc's net worth?
Healthstream Inc has a market value (market cap) of $843.6M at the latest share price, and shareholders' equity of $401.9M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Healthstream Inc profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $20.5M on revenue of $328M, a net margin of 6.2%.
How much revenue does Healthstream Inc make?
Over the twelve months to September 30, 2026 Healthstream Inc reported revenue of $328M. That is 9.8% more than a year earlier.
When did Healthstream Inc last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 5, 2026. It covers the period to September 30, 2026. Its newest filing of any kind is the insider trade from November 9, 2026.
When is Healthstream Inc's next earnings report?
Healthstream Inc's next report is expected around February 22, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Does Healthstream Inc pay a dividend?
Yes. Healthstream Inc declared dividends of $0.12 per share in fiscal 2025, a yield of 0.43% at the current price.
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Where the numbers come from
Financial figures are the values Healthstream Inc tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.