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HealthStream HSTM Total Cost of Revenue

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%
Operating income$5.1M-4.9%
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:CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization.

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
Revenues, net$304,064$291,646$279,063
Operating costs and expenses:
Cost of revenues (excluding depreciation and amortization)107,20997,93695,021
Product development50,98448,89045,540
Sales and marketing49,38947,15845,743
General and administrative expenses32,76835,13235,664
Depreciation and amortization43,47841,24341,076
Total operating costs and expenses283,828270,359263,044

Cover / Front Matter

FAQ

What is HealthStream's total cost of revenue?
HealthStream (HSTM) reported total cost of revenue of $26.8M in Q4 2025.
How has HealthStream's total cost of revenue changed year-over-year?
HealthStream's total cost of revenue increased by 9.5% year-over-year, from $24.48M to $26.8M.
What is the long-term trend for HealthStream's total cost of revenue?
Over 3 years (2022 to 2025), HealthStream's total cost of revenue has grown at a 5.6% compound annual growth rate (CAGR), from $91.14M to $107.21M.
What does total cost of revenue mean?
The aggregate of all direct costs attributable to producing goods and delivering services that generated the company's revenue, including materials, labor, and overhead.

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