HealthStream (HSTM) Financials: Revenue & Earnings
HSTM$33.61-0.57 -1.67%
$1.03B
Market Cap
48.02
P/E
45.62
Forward P/E
38
Score
HealthStream (HSTM) Financials: Revenue & Earnings
HSTM price $33.61 -0.57 -1.67%
- Ticker
- HSTM
- Price
- $33.61
- Change
- -0.57 -1.67%
- Market cap ?
- $1.03B
- P/E ?
- 48.02
- Forward P/E ?
- 45.62
- Dividend yield ?
- 0.40%
- Beta ?
- 0.42
- Sector
- Healthcare
- Industry
- Medical - Healthcare Information Services
- Stocklytics score
- 38
- Value
- 22
- Quality
- 46
- Growth
- 47
Stocklytics score rationale: value 22, quality 46, growth 47.
Financials
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| 225974000 | 247662000 | 231616000 | 254112000 | 244826000 | 256712000 | 266826000 | 279063000 | 291646000 | 304064000 |
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…
Fair value
HSTM fair value $35.96. Price $33.61. Price is 7% below fair value.
Around fair value, but less expensive than usual. A smaller premium than on 63% of days in the past 5 years.
Fair value is an estimate of what one share is worth if future cash flows arrive as modeled. It is not a forecast of the share price. How discounted cash flow works.
Calculated with a 10-year free-cash-flow discount. Starting free cash flow 48.85M. Growth 8.51%. When analyst earnings forecasts are available, free cash flow in those years is forecast earnings times the company's usual conversion of earnings into free cash flow, kept between 60% and 130%. Years with fewer than 3 analyst estimates are left out. Growth then fades in a straight line to terminal growth by year 10, starting from the last well-covered year's growth, or from the pace across those years when the final year slows sharply, kept between 0% and 20%. Without those forecasts, year-1 growth is analyst revenue growth for the next full fiscal year, or 5-year historical revenue growth when that forecast is missing, held for five years, then fading in a straight line to terminal growth by year 10. Terminal growth 3.00%. Discount rate 8.70% (beta 0.8). Beta is kept between 0.8 and 2.0, which on its own would make the discount rate 8.7% to 15.3%. The rate is then capped at 12%. A cap is used because a discount above 12% pushes higher-beta stocks further from the price. The discount rate stays at least 5 percentage points above terminal growth. Shares 30.60M. Net debt -21.48M. The earnings value is next-12-months earnings per share, or trailing earnings when that forecast is missing, times the stock's own 10-year median P/E, kept between 8 and 40. Fewer than five years of history uses the sector's typical P/E. Fair value is the average of the cash-flow value and the earnings value when both exist. Model uncertainty is high when fair value is more than 60% from the price, or when most of the cash-flow value sits after year 10.
Earnings
| Date | EPS actual | EPS estimate | Revenue | Revenue estimate |
|---|---|---|---|---|
| 2026-11-02 | — | 0.16 | — | 82.24M |
| 2026-08-03 | 0.23 | 0.17 | 83.73M | 80.82M |
| 2026-05-04 | 0.20 | 0.16 | 81.20M | 79.68M |
| 2026-02-23 | 0.09 | 0.16 | 79.71M | 76.20M |
| 2025-11-03 | 0.20 | 0.17 | 76.47M | 76.21M |
| 2025-08-04 | 0.18 | 0.16 | 74.40M | 75.73M |
| 2025-05-05 | 0.14 | 0.16 | 73.48M | 75.18M |
| 2025-02-24 | 0.16 | 0.13 | 74.23M | 73.55M |
| 2024-10-21 | 0.19 | 0.13 | 73.09M | 73.55M |
| 2024-07-22 | 0.14 | 0.12 | 71.56M | 72.85M |
| 2024-04-22 | 0.17 | 0.11 | 72.76M | 71.88M |
| 2024-02-19 | 0.15 | 0.10 | 70.58M | 71.79M |
| 2023-10-23 | 0.13 | 0.09 | 70.34M | 70.66M |
| 2023-07-24 | 0.13 | 0.09 | 69.20M | 70.59M |
| 2023-04-24 | 0.09 | 0.08 | 68.95M | 68.70M |
| 2023-02-20 | 0.08 | 0.05 | 68.54M | 68.02M |
| 2022-10-24 | 0.12 | 0.05 | 67.28M | 68.39M |
| 2022-07-25 | 0.10 | 0.05 | 65.64M | 66.30M |
| 2022-04-25 | 0.09 | 0.03 | 65.37M | 65.79M |
| 2022-02-21 | 0.05 | 0.01 | 64.34M | 64.26M |
| 2021-10-25 | 0.05 | 0.01 | 64.09M | 62.89M |
| 2021-07-26 | 0.08 | 0.02 | 64.82M | 62.89M |
| 2021-04-26 | 0.05 | -0.06 | 63.47M | 58.27M |
| 2021-02-22 | 0.03 | 0.04 | 61.82M | 59.08M |
| 2020-10-26 | 0.08 | 0.04 | 60.88M | 30.44M |
| 2020-07-27 | 0.11 | 0.01 | 60.55M | 5.50M |
| 2020-04-27 | 0.14 | 0.11 | 61.57M | 39.18M |
| 2020-02-18 | 0.12 | 0.06 | 62.70M | 31.35M |
| 2019-10-21 | 0.11 | 0.06 | 62.45M | 57.96M |
| 2019-07-22 | 0.12 | 0.07 | 63.78M | 63.78M |
| 2019-04-22 | 0.15 | 0.07 | 65.19M | 51.86M |
| 2019-02-19 | 0.09 | 0.05 | 59.83M | 44.42M |
| 2018-10-22 | 0.11 | 0.08 | 59.92M | 43.58M |
| 2018-07-23 | 0.11 | 0.07 | 57.01M | 36.28M |
| 2018-04-30 | 0.11 | 0.06 | 54.86M | 50.92M |
| 2018-02-20 | 0.04 | 0.02 | 62.76M | 51.78M |
| 2017-10-23 | 0.08 | 0.05 | 63.55M | 34.21M |
| 2017-07-24 | 0.08 | 0.04 | 61.48M | 26.46M |
| 2017-04-24 | 0.04 | 0.03 | 59.87M | 34.65M |
| 2017-02-21 | 0.02 | 0.04 | 58.74M | 49.78M |
Dividends
Yield 0.40%. Payout ratio 18.37%. Frequency Quarterly.
Safety score 84/100 · Safe. Payout ratio is 18% of earnings. Dividends use less than 40% of free cash flow. Dividends were paid in 5 separate years. Yield is 0.4%, which is modest.
| Ex-date | Dividend | Record | Payment | Frequency |
|---|---|---|---|---|
| 2026-08-17 | $0.04 | 2026-08-17 | 2026-08-28 | Quarterly |
| 2026-05-18 | $0.04 | 2026-05-18 | 2026-05-29 | Quarterly |
| 2026-03-09 | $0.04 | 2026-03-09 | 2026-03-20 | Quarterly |
| 2025-11-17 | $0.03 | 2025-11-17 | 2025-11-28 | Quarterly |
| 2025-08-18 | $0.03 | 2025-08-18 | 2025-08-29 | Quarterly |
| 2025-05-19 | $0.03 | 2025-05-19 | 2025-05-30 | Quarterly |
| 2025-03-10 | $0.03 | 2025-03-10 | 2025-03-21 | Quarterly |
| 2024-11-04 | $0.03 | 2024-11-04 | 2024-11-15 | Quarterly |
| 2024-08-05 | $0.03 | 2024-08-05 | 2024-08-16 | Quarterly |
| 2024-05-03 | $0.03 | 2024-05-06 | 2024-05-17 | Quarterly |
| 2024-03-08 | $0.03 | 2024-03-11 | 2024-03-22 | Quarterly |
| 2023-12-08 | $0.03 | 2023-12-11 | 2023-12-22 | Quarterly |
| 2023-09-15 | $0.03 | 2023-09-18 | 2023-09-29 | Quarterly |
| 2023-06-09 | $0.03 | 2023-06-12 | 2023-06-23 | Special |
| 2023-04-14 | $0.03 | 2023-04-17 | 2023-04-28 | Quarterly |
| 2018-03-05 | $1.00 | 2018-03-06 | 2018-04-03 | Quarterly |
Insider trades
| Date | Insider | Action | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-10-23 | REBROVICK LINDA | Sell | 12.00K | $35.00 | 420.00K |
| 2026-09-29 | Roberts Scott Alexander | Buy | 1.56K | — | — |
| 2026-09-29 | Roberts Scott Alexander | Sell | 381 | $29.10 | 11.09K |
| 2026-09-29 | Roberts Scott Alexander | Sell | 310 | — | — |
| 2026-09-29 | Roberts Scott Alexander | Sell | 410 | — | — |
| 2026-09-29 | Roberts Scott Alexander | Sell | 844 | — | — |
| 2026-09-29 | O'Hara Kevin P | Buy | 1.64K | — | — |
| 2026-09-29 | O'Hara Kevin P | Sell | 400 | $29.10 | 11.64K |
| 2026-09-29 | O'Hara Kevin P | Sell | 388 | — | — |
| 2026-09-29 | O'Hara Kevin P | Sell | 410 | — | — |
| 2026-09-29 | O'Hara Kevin P | Sell | 844 | — | — |
| 2026-09-29 | McQuigg Michael Scott | Buy | 1.56K | — | — |
| 2026-09-29 | McQuigg Michael Scott | Sell | 381 | — | — |
| 2026-09-29 | McQuigg Michael Scott | Sell | 310 | — | — |
| 2026-09-29 | McQuigg Michael Scott | Sell | 410 | — | — |
| 2026-09-29 | McQuigg Michael Scott | Sell | 844 | — | — |
| 2026-09-29 | LoPresto Jennifer Hayes | Buy | 391 | — | — |
| 2026-09-29 | LoPresto Jennifer Hayes | Sell | 134 | $29.10 | 3.90K |
| 2026-09-29 | LoPresto Jennifer Hayes | Sell | 78 | — | — |
| 2026-09-29 | LoPresto Jennifer Hayes | Sell | 102 | — | — |
| 2026-09-29 | LoPresto Jennifer Hayes | Sell | 211 | — | — |
| 2026-09-29 | FRIST ROBERT A JR | Buy | 1.96K | — | — |
| 2026-09-29 | FRIST ROBERT A JR | Sell | 477 | $29.10 | 13.88K |
| 2026-09-29 | FRIST ROBERT A JR | Sell | 388 | — | — |
| 2026-09-29 | FRIST ROBERT A JR | Sell | 512 | — | — |
| 2026-09-29 | FRIST ROBERT A JR | Sell | 1.05K | — | — |
| 2026-09-29 | Cunningham Jeff | Buy | 1.56K | — | — |
| 2026-09-29 | Cunningham Jeff | Sell | 381 | $29.10 | 11.09K |
| 2026-09-29 | Cunningham Jeff | Sell | 310 | — | — |
| 2026-09-29 | Cunningham Jeff | Sell | 410 | — | — |
| 2026-09-29 | Cunningham Jeff | Sell | 844 | — | — |
| 2026-09-29 | Collier Michael Manning | Buy | 1.96K | — | — |
| 2026-09-29 | Collier Michael Manning | Sell | 477 | $29.10 | 13.88K |
| 2026-09-29 | Collier Michael Manning | Sell | 388 | — | — |
| 2026-09-29 | Collier Michael Manning | Sell | 512 | — | — |
| 2026-09-29 | Collier Michael Manning | Sell | 1.05K | — | — |
| 2026-09-29 | Coady Trisha L | Buy | 1.64K | — | — |
| 2026-09-29 | Coady Trisha L | Sell | 400 | $29.10 | 11.64K |
| 2026-09-29 | Coady Trisha L | Sell | 388 | — | — |
| 2026-09-29 | Coady Trisha L | Sell | 410 | — | — |
| 2026-09-29 | Coady Trisha L | Sell | 844 | — | — |
| 2026-09-18 | FRIST ROBERT A JR | Buy | 15.39K | — | — |
| 2026-09-18 | FRIST ROBERT A JR | Buy | 5.13K | — | — |
| 2026-09-18 | FRIST ROBERT A JR | Buy | 2.57K | — | — |
| 2026-09-18 | Coady Trisha L | Buy | 15.39K | — | — |
| 2026-09-18 | Coady Trisha L | Buy | 5.13K | — | — |
| 2026-09-18 | Coady Trisha L | Buy | 2.57K | — | — |
| 2026-09-18 | Collier Michael Manning | Buy | 15.39K | — | — |
| 2026-09-18 | Collier Michael Manning | Buy | 5.13K | — | — |
| 2026-09-18 | Collier Michael Manning | Buy | 2.57K | — | — |
| 2026-09-18 | O'Hara Kevin P | Buy | 15.39K | — | — |
| 2026-09-18 | O'Hara Kevin P | Buy | 5.13K | — | — |
| 2026-09-18 | O'Hara Kevin P | Buy | 2.57K | — | — |
| 2026-09-18 | Cunningham Jeff | Buy | 12.32K | — | — |
| 2026-09-18 | Cunningham Jeff | Buy | 4.11K | — | — |
| 2026-09-18 | Cunningham Jeff | Buy | 2.05K | — | — |
| 2026-09-18 | McQuigg Michael Scott | Buy | 12.32K | — | — |
| 2026-09-18 | McQuigg Michael Scott | Buy | 4.11K | — | — |
| 2026-09-18 | McQuigg Michael Scott | Buy | 2.05K | — | — |
| 2026-09-18 | Roberts Scott Alexander | Buy | 12.32K | — | — |
| 2026-09-18 | Roberts Scott Alexander | Buy | 4.11K | — | — |
| 2026-09-18 | Roberts Scott Alexander | Buy | 2.05K | — | — |
| 2026-09-18 | LoPresto Jennifer Hayes | Buy | 9.24K | — | — |
| 2026-09-18 | LoPresto Jennifer Hayes | Buy | 3.08K | — | — |
| 2026-09-18 | LoPresto Jennifer Hayes | Buy | 1.54K | — | — |
| 2026-09-14 | FRIST ROBERT A JR | Sell | 144.07K | — | — |
| 2026-07-06 | REBROVICK LINDA | Sell | 6.00K | $29.00 | 174.00K |
| 2026-06-08 | Beard Charles Jr. | Sell | 1.25K | — | — |
| 2026-06-08 | Beard Charles Jr. | Buy | 1.25K | — | — |
| 2026-06-08 | DENT THOMPSON | Buy | 3.15K | — | — |
| 2026-06-08 | DENT THOMPSON | Sell | 1.02K | — | — |
| 2026-06-08 | DENT THOMPSON | Sell | 1.01K | — | — |
| 2026-06-08 | DENT THOMPSON | Sell | 1.13K | — | — |
| 2026-06-08 | Jahangir Amir Alex | Buy | 3.15K | — | — |
| 2026-06-08 | Jahangir Amir Alex | Sell | 1.02K | — | — |
| 2026-06-08 | Jahangir Amir Alex | Sell | 1.01K | — | — |
| 2026-06-08 | Jahangir Amir Alex | Sell | 1.13K | — | — |
| 2026-06-08 | MCLAREN JEFFREY L | Buy | 3.15K | — | — |
| 2026-06-08 | MCLAREN JEFFREY L | Sell | 1.02K | — | — |
| 2026-06-08 | MCLAREN JEFFREY L | Sell | 1.01K | — | — |
| 2026-06-08 | MCLAREN JEFFREY L | Sell | 1.13K | — | — |
| 2026-06-08 | RAPPUHN TERRY ALLISON | Buy | 3.15K | — | — |
| 2026-06-08 | RAPPUHN TERRY ALLISON | Sell | 1.02K | — | — |
| 2026-06-08 | RAPPUHN TERRY ALLISON | Sell | 1.01K | — | — |
| 2026-06-08 | RAPPUHN TERRY ALLISON | Sell | 1.13K | — | — |
| 2026-06-08 | REBROVICK LINDA | Buy | 3.15K | — | — |
| 2026-06-08 | REBROVICK LINDA | Sell | 1.02K | — | — |
| 2026-06-08 | REBROVICK LINDA | Sell | 1.01K | — | — |
| 2026-06-08 | REBROVICK LINDA | Sell | 1.13K | — | — |
| 2026-06-08 | Taylor Tate Deborah | Buy | 3.15K | — | — |
| 2026-06-08 | Taylor Tate Deborah | Sell | 1.02K | — | — |
| 2026-06-08 | Taylor Tate Deborah | Sell | 1.01K | — | — |
| 2026-06-08 | Taylor Tate Deborah | Sell | 1.13K | — | — |
| 2026-06-08 | GORDON FRANK | Buy | 3.15K | — | — |
| 2026-06-08 | GORDON FRANK | Sell | 1.02K | — | — |
| 2026-06-08 | GORDON FRANK | Sell | 1.01K | — | — |
| 2026-06-08 | GORDON FRANK | Sell | 1.13K | — | — |
| 2026-06-01 | REBROVICK LINDA | Sell | 2.00K | $25.00 | 50.00K |
| 2026-05-28 | Taylor Tate Deborah | Buy | 3.65K | — | — |
| 2026-05-28 | RAPPUHN TERRY ALLISON | Buy | 3.65K | — | — |
Institutional holders
Latest filed quarter: Q2 2026.
Institutions holding: 220, holders +23 vs prior quarter. Ownership 76.35%.
| Holder | Shares | Change | Change % | Value |
|---|---|---|---|---|
| BLACKROCK, INC. | 4.08M | 228.22K | +5.92% | 111.18M |
| DIMENSIONAL FUND ADVISORS LP | 1.56M | 101.94K | +7.00% | 42.45M |
| COPELAND CAPITAL MANAGEMENT, LLC | 1.25M | -28.36K | -2.22% | 34.02M |
| VANGUARD CAPITAL MANAGEMENT LLC | 1.05M | -2.63K | -0.25% | 28.48M |
| STATE STREET CORP | 1.00M | 8.61K | +0.87% | 27.36M |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 880.54K | -41.30K | -4.48% | 23.99M |
| TWO SIGMA INVESTMENTS, LP | 805.58K | -38.84K | -4.60% | 21.95M |
| GEODE CAPITAL MANAGEMENT, LLC | 779.22K | 64.47K | +9.02% | 21.24M |
| GOLDMAN SACHS GROUP INC | 665.92K | 391.46K | +142.63% | 18.15M |
| JPMORGAN CHASE & CO | 635.57K | 181.83K | +40.07% | 17.24M |
| FIRST EAGLE INVESTMENT MANAGEMENT, LLC | 591.90K | 166.20K | +39.04% | 16.13M |
| ACADIAN ASSET MANAGEMENT LLC | 571.82K | 223.09K | +63.97% | 15.56M |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 433.65K | 55.71K | +14.74% | 11.82M |
| RENAISSANCE TECHNOLOGIES LLC | 423.00K | -54.85K | -11.48% | 11.53M |
| MORGAN STANLEY | 382.95K | 13.97K | +3.79% | 10.44M |
| NORTHERN TRUST CORP | 379.71K | 18.03K | +4.99% | 10.35M |
| CREATIVE PLANNING | 285.85K | 67.67K | +31.01% | 7.79M |
| LAZARD ASSET MANAGEMENT LLC | 240.95K | 83.74K | +53.27% | 6.57M |
| AQR CAPITAL MANAGEMENT LLC | 240.23K | 181.39K | +308.27% | 6.55M |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 237.71K | -27.93K | -10.52% | 6.48M |
| SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. | 237.71K | 237.71K | New | 6.48M |
| BANK OF NEW YORK MELLON CORP | 227.49K | 3.86K | +1.72% | 6.20M |
| KENNEDY CAPITAL MANAGEMENT LLC | 191.50K | -3.74K | -1.91% | 5.22M |
| NUVEEN, LLC | 189.90K | 138.15K | +266.96% | 5.17M |
| ENVESTNET ASSET MANAGEMENT INC | 189.54K | -10.09K | -5.06% | 5.16M |
Earnings and financials
HealthStream, Inc. (HSTM) trades at $33.61, with a market cap of $1.03B and a trailing P/E of 48.02. Revenue below is the annual history on file. It describes what the business has already reported. It is not a forecast and it is not a recommendation.
Financials
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| 225974000 | 247662000 | 231616000 | 254112000 | 244826000 | 256712000 | 266826000 | 279063000 | 291646000 | 304064000 |
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