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HealthStream HSTM Operating Income

Discontinued — last reported Q4 '25

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Other financials

Income statement

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Revenue$83.7M+12.5%
Gross profit$49.2M+1.6%
Net income$6.7M+45.4%
EPS (diluted)$0.15-7.6%

Balance sheet

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Cash & equivalents$46.2M-11.4%
Total debt$13.4M-15.5%
Total equity$356.6M+1.7%
Total assets$521.6M+4.3%

Cash flow

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Operating cash flow$13.4M+167%
CapEx$910.0K-60.7%
Free cash flow$12.5M+363%

Valuation

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Market cap$839.77M+9.1%
Enterprise value$807.03M+10.1%
P/E38.6×-1.5×
P/S2.6×0.0×

Profitability

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Gross margin64.7%-1.7pp
Operating margin6.7%-0.6pp
Net margin6.8%+0.3pp
FCF margin21.7%+1.9pp

Returns & leverage

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Return on equity6.2%+0.7pp
Debt / equity0.0×
Current ratio1.1×-0.2×

Where this comes from

Reported directly by HealthStream in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The source filing: HealthStream’s 10-K, filed February 27, 2026.

Filed
Feb 26, 2026, 7:00 PM EST
Fiscal year
FY2025
Accession
0001437749-26-005916
Line itemYear Ended December 31, 2025Year Ended December 31, 2024Year Ended December 31, 2023
General and administrative expenses32,76835,13235,664
Depreciation and amortization43,47841,24341,076
Total operating costs and expenses283,828270,359263,044
Operating income20,23621,28716,019
Interest income3,3403,8342,356
Other (expense) income, net(358)(318)136
Income before income tax provision23,21824,80318,511
Income tax provision4,8764,7963,298

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FAQ

What is HealthStream's operating income?
HealthStream (HSTM) reported operating income of $5.06M in Q4 2025.
How has HealthStream's operating income changed year-over-year?
HealthStream's operating income decreased by 4.9% year-over-year, from $5.32M to $5.06M.
What is the long-term trend for HealthStream's operating income?
Over 3 years (2022 to 2025), HealthStream's operating income has grown at a 17.6% compound annual growth rate (CAGR), from $12.45M to $20.24M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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