HEALTHSTREAM INC

Listed Company

HSTMCIK 0001095565NasdaqAcceleratedServices-Computer Programming, Data Processing, Etc.TennesseeFY ends Dec 31

Period

FY 2025

Revenue

$304.06M

Net Income

$18.34M

Total Assets

$520.37M

Equity

$354.02M

Shares Out

29.36M

Op. Cash Flow

$63.32M

Business

HEALTHSTREAM INC provides Software-as-a-Service (SaaS) workforce solutions designed to improve healthcare quality by developing and supporting clinical and administrative personnel. Its main products and services include subscription-based learning, clinical competency and assessment tools, scheduling and capacity management, credentialing/privileging/enrollment (CredentialStream), content libraries, simulations, and implementation and training services. The company organizes offerings through a single hStream technology platform and multiple application suites such as learning, credentialing, scheduling, and clinical competency. HealthStream sells primarily to healthcare organizations, individual professionals, and nursing schools across the U.S. and through direct sales, e-commerce, and partner channels.

Summary from filing dated 2025-02-28

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenues, net	304	292	279	267	257
Cost of revenues (excluding depreciation and amortization)	107	98	95	91	91
Product development	51	49	46	44	42
Sales and marketing	49	47	46	44	39
General and administrative expenses	33	35	36	37	40
Depreciation and amortization	43	41	41	38	37
Total operating costs and expenses	284	270	263	254	249
Operating income	20	21	16	12	8
Interest income	3	4	2	444,000	—
Other (expense) income, net	−358,000	−318,000	136,000	3	—
Income before income tax provision	23	25	19	16	8
Income tax provision	5	5	3	3	2
Net income	18	20	15	12	6
Basic (in dollars per share)	0.61	0.66	0.5	0.39	0.19
Diluted (in dollars per share)	0.61	0.66	0.5	0.39	0.18
Basic (in shares)	30	30	31	31	32
Diluted (in shares)	30	31	31	31	32
Dividends declared per share (in dollars per share)	0.12	0.11	0.1	0	0

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	36	59	40	46	47
Marketable securities	21	38	31	8	5
Accounts receivable, net	32	30	34	37	30
Accounts receivable - unbilled	7	5	4	6	5
Prepaid royalties, net of amortization	8	10	10	9	9
Prepaid software maintenance and subscriptions	9	9	7	6	—
Other prepaid expenses and other current assets	7	2	3	3	11
Total current assets	120	153	130	114	107
Property and equipment, net	11	11	13	15	18
Capitalized software development, net	46	43	41	37	32
Operating lease right of use assets, net	15	17	20	23	25
Goodwill	218	191	191	192	183
Intangibles, net	65	56	68	82	89
Other assets	47	39	726,000	1	1
Total assets	520	511	500	498	487
Accounts Payable, Current	8	7	7	7	5
Accrued royalties	6	5	5	5	5
Accrued liabilities	11	10	13	25	16
Accrued compensation	11	10	9	—	—
Deferred revenue	88	84	84	79	74
Total current liabilities	124	116	118	117	100
Deferred tax liabilities	18	15	16	18	18
Deferred revenue, noncurrent	1	2	2	3	2
Operating lease liability, noncurrent	15	17	20	23	26
Other long-term liabilities	8	2	2	2	1
Commitments and contingencies	—	—	—	—	—
Preferred stock, no par value, 10,000 shares authorized, no shares issued or outstanding	0	0	0	—	—
Common stock, no par value, 75,000 shares authorized; 29,579 and 30,432 shares issued and outstanding at December 31, 2025 and 2024, respectively	232	252	249	255	271
Retained earnings	124	109	92	80	68
Accumulated other comprehensive loss	−1	−2	−691,000	−981,000	106,000
Total shareholders equity	354	359	341	334	339
Total liabilities and shareholders equity	520	511	500	498	487

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Stock-based compensation	8	4	4	4	5
Amortization of deferred commissions	13	12	11	11	9
Provision for credit losses	1	3	1	385,000	723,000
Deferred income taxes	5	−1	−2	710,000	2
Loss on equity method investments	190,000	230,000	384,000	747,000	462,000
Change in fair value of non-marketable equity investments	0	0	−425,000	−4	−279,000
Other	−1	−2	−891,000	3,000	184,000
Accounts and unbilled receivables	4	−537,000	−3	8	−10
Prepaid royalties	2	655,000	−1	84,000	416,000
Other prepaid expenses and other current assets	−3	−1	−1	2	2
Other assets	−19	−16	−15	208,000	52,000
Accounts payable and accrued expenses	1	−5	5	4	−4
Accrued royalties	405,000	633,000	−887,000	406,000	−4
Deferred revenue	−2	−330,000	3	5	−8
Net cash provided by operating activities	63	58	64	51	42
Cash paid for acquisitions, net of cash acquired	−35	−1	−7	−4	−5
Proceeds from maturities of marketable securities	52	69	28	11	10
Proceeds from sale of marketable securities	10	0	0	—	—
Purchases of marketable securities	−43	−74	−50	−13	−5
Proceeds from sale of fixed assets	41,000	0	0	26,000	0
Purchase of other investments	−2	0	0	—	—
Proceeds from sale of non-marketable equity investments	0	765,000	47,000	3	1
Payments associated with capitalized software development	−28	−27	−26	−23	−22
Purchases of property and equipment	−4	−1	−2	−2	−3
Net cash used in investing activities	−50	−34	−57	−28	−26
Taxes paid related to net settlement of equity awards	−3	−1	−934,000	−565,000	−1
Payment of debt issuance costs	0	0	−118,000	0	0
Repurchases of common stock	−30	0	−9	−23	−5
Payment of cash dividends	−4	−3	−3	0	−19,000
Net cash used in financing activities	−36	−5	−13	−24	−6
Net (decrease) increase in cash and cash equivalents	−23	19	−6	−882,000	10
Effect of exchange rate changes on cash and cash equivalents	−7,000	−36,000	−23,000	21,000	−114,000
Interest paid	101,000	101,000	132,000	99,000	132,000
Income taxes paid	—	9	3	—	—
Purchases of property and equipment, accrued but not paid	475,000	399,000	91,000	727,000	0
Capitalized software development, accrued but not paid	712,000	1	961,000	1	—
Common stock issued as consideration for business combinations	4	0	0	4	—
Non-cash additions to operating lease ROU assets	252,000	0	0	—	—

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro