HealthStream Inc (HSTM)

Official site

HEALTHCARE • HEALTH INFORMATION SERVICES • NASDAQ

$28.89

-0.71 (-2.40%)

Market Cap: $905.64M

Last updated: Nov 06, 2026 at 4:42 PM ET

Earnings

Performance (10Y)

Beat Rate

90%(36/40)

Avg Surprise

+84.37%

Streak

6 Q

Upcoming Estimates

Period ending Dec 31, 2026

EPS Consensus$0.23

Range$0.23 - $0.23

1 analysts

Revenue Consensus

$87M

Range$84M - $88M

6 analysts

Last 12 of 40 reported quarters and 1 upcoming estimate

Period	Reported	Est.	Range	Surprise	B/M	Analysts	Revisions	YoY
Dec 31, 2026Dec 26EST	-	$0.23	$0.23 - $0.23	-	-	1	-	-
Sep 30, 2026Sep 26 Reported Nov 2, 2026Reported Nov 2	$0.18	$0.15	$0.14 - $0.15	+20.00%	Beat	2	0 1 30d	-10.0%
Jun 30, 2026Jun 26 Reported Aug 3, 2026Reported Aug 3	$0.23	$0.17	$0.17 - $0.19	+35.29%	Beat	2	No revisions (30d)	+27.8%
Mar 31, 2026Mar 26 Reported May 4, 2026Reported May 4	$0.20	$0.17	$0.16 - $0.18	+17.65%	Beat	2	No revisions (30d)	+42.9%
Dec 31, 2025Dec 25 Reported Feb 23, 2026Reported Feb 23	$0.18	$0.13	$0.13 - $0.14	+38.46%	Beat	2	0 2 30d	+12.5%
Sep 30, 2025Sep 25 Reported Nov 3, 2025Reported Nov 3	$0.20	$0.18	$0.17 - $0.19	+11.11%	Beat	2	0 1 30d	+5.3%
Jun 30, 2025Jun 25 Reported Aug 4, 2025Reported Aug 4	$0.18	$0.17	$0.16 - $0.18	+5.88%	Beat	2	0 1 30d	+12.5%
Mar 31, 2025Mar 25 Reported May 5, 2025Reported May 5	$0.14	$0.17	$0.16 - $0.17	-17.65%	Miss	3	1 0 30d	-17.6%
Dec 31, 2024Dec 24 Reported Feb 24, 2025Reported Feb 24	$0.16	$0.14	$0.13 - $0.17	+11.65%	Beat	3	1 2 30d	+6.7%
Sep 30, 2024Sep 24 Reported Oct 21, 2024Reported Oct 21	$0.19	$0.12	$0.11 - $0.14	+58.33%	Beat	6	No revisions (30d)	+58.3%
Jun 30, 2024Jun 24 Reported Jul 22, 2024Reported Jul 22	$0.16	$0.12	$0.10 - $0.14	+33.33%	Beat	6	No revisions (30d)	+23.1%
Mar 31, 2024Mar 24 Reported Apr 22, 2024Reported Apr 22	$0.17	$0.11	$0.10 - $0.12	+54.55%	Beat	6	1 0 30d	+41.7%
Dec 31, 2023Dec 23 Reported Feb 19, 2024Reported Feb 19	$0.15	$0.10	$0.08 - $0.15	+50.00%	Beat	6	No revisions (30d)	+87.5%

Dividends

Next ex-dividend: Nov 16, 2026

Dividend Metrics

Forward Yield0.48%

Forward Annual Dividend$0.14

Payout Ratio5.64%

FrequencyQuarterly

Pay MonthsMar, May, Aug, Nov

HSTM dividend history and ex-dividend dates Run HSTM in the free DRIP calculator

Key Metrics

Valuation
P/E Ratio	36.57	EV/EBITDA	9.53x
Price/FCF	20.65x	FCF Yield	4.84%
Profitability
Profit Margin	6.25%	Operating Margin	7.91%
ROE	5.45%	ROIC	N/A
Financial Health
Debt/Equity	0.00x	Interest Coverage	N/A
Current Ratio	1.48x	Quick Ratio	1.48x
Trading Statistics
Beta	0.43	Avg Volume	232.35K
52-Week High	$35.61	52-Week Low	$19.42

Technical Indicators Dashboard

Moving Averages

SMA 10$32.75

SMA 20$33.28

SMA 50$31.20

SMA 200$25.79

EMA 10$31.99

EMA 20$32.40

EMA 50$31.42

EMA 200$27.75

MACD

Line: -0.09Signal: 0.61Hist: -0.70

ADX

ADX: 38.5+DI: 16.2-DI: 31.5

Aroon & PSAR

Aroon Up64.0

Aroon Down100.0

PSAR$35.32

Bollinger Bands

Upper Band$36.45

Lower Band$30.10

%B Position1908%(Upper)

Band Width-0.19

RSI (14-Day)

Neutral

33.0

Momentum Oscillators

Stoch %K9.9

Stoch %D17.1

Williams %R-97.5

ROC (10d)-17.8%

Momentum-6.27

CCI (20d)-300.1

MFI (14d)29.0

Volatility Measures

ATR (14d)$1.38(4.8%)

StdDev (20d)1.59

Hist Vol50.0%(High)

Volume Flow

VWAP$29.55

OBV-1.9M

AD Line-15.5M

CMF (20d)-0.253

Volume Metrics

Avg Vol (20d)235.2K

Vol Ratio1.1x

VWMA (20d)$32.83

Pivot Points

R3$35.46

R2$34.21

R1$31.90

Pivot Point$30.65

S1$28.34

S2$27.09

S3$24.78

Advanced Oscillators

TSI-1.54

Ultimate Osc26.5

KST70.71

Financial Data

Quarter	Sep 2026	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023
Total Revenue	$83.31M	$83.73M	$81.20M	$79.71M	$76.47M	$74.40M	$73.48M	$74.23M	$73.09M	$71.56M	$72.76M	$70.58M
Cost of Revenue	$30.01M	$29.02M	$27.76M	$28.85M	$26.51M	$26.36M	$25.49M	$25.11M	$24.47M	$23.74M	$24.62M	$24.01M
Gross Profit	$53.30M	$54.72M	$53.45M	$50.86M	$49.97M	$48.03M	$48.00M	$49.12M	$48.63M	$47.82M	$48.14M	$46.57M

Operating Expenses	$46.71M	$46.40M	$45.93M	$48.45M	$42.40M	$42.15M	$43.62M	$44.44M	$42.13M	$43.41M	$42.45M	$42.31M
R&D	$13.53M	$13.58M	$13.61M	$14.76M	$12.11M	$12.07M	$12.05M	$12.68M	$12.10M	$12.08M	$12.03M	$11.93M
SG&A	$8.60M	$8.04M	$8.00M	$9.37M	$7.33M	$7.40M	$8.67M	$8.81M	$8.46M	$9.56M	$8.31M	$8.44M
Operating Income	$6.59M	$8.32M	$7.51M	$2.40M	$7.57M	$5.89M	$4.38M	$4.69M	$6.50M	$4.41M	$5.69M	$4.26M

Interest Income	$510,000	$475,000	$414,000	$663,000	$788,000	$958,000	$931,000	$979,000	$1.01M	$944,000	$904,000	$0
Interest Expense	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Income Before Tax	$7.07M	$8.70M	$7.82M	$2.85M	$8.25M	$6.87M	$5.25M	$5.48M	$7.48M	$5.30M	$6.54M	$5.42M
Income Tax Expense	$1.70M	$2.03M	$1.91M	$316,000	$2.17M	$1.48M	$916,000	$594,000	$1.75M	$1.13M	$1.32M	$827,000

Net Income	$5.37M	$6.67M	$5.91M	$2.54M	$6.09M	$5.39M	$4.33M	$4.89M	$5.72M	$4.17M	$5.23M	$4.59M

EBITDA	$21.41M	$23.08M	$22.06M	$16.67M	$21.46M	$19.64M	$18.22M	$18.39M	$19.65M	$17.73M	$18.93M	$16.61M
EBIT	$6.56M	$8.22M	$7.41M	$2.19M	$7.46M	$5.91M	$4.32M	$4.50M	$6.47M	$4.36M	$5.64M	$3.06M

* Some calculated fields are derived from available data when not provided by source

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Government Contracts

Gov Obligations (TTM)

$50214

Gov Obligations / Revenue

0.0%

Obligations YoY

N/A

Active Awards

New Awards (TTM)

Avg Remaining Term

5.0 mo

Top agency: Department of Health and Human Services at 100.0% of trailing twelve month obligations across 1 agencies

Federal contract obligations are bookings recorded by the awarding agency, not recognized revenue. They can exceed 100% of revenue and can be negative when contracts are de-obligated. Source: USAspending.gov prime awards, data through Jul 31, 2026.

News

HealthStream, Inc. Beat Analyst Estimates: See What The Consensus Is Forecasting For Next Year

HealthStream, Inc. (NASDAQ:HSTM) recently released its quarterly results, with revenues largely meeting expectations and statutory earnings per share (EPS) beating analyst predictions by 14%. Despite the positive EPS...

Simply Wall St•Nov 5, 2026 5:12 AM ET11/5/26•Neutral

HealthStream downgraded by Craig Hallum with a new price target

Craig Hallum downgraded HealthStream (HSTM) from Buy to Hold, setting a new price target of $40.00. Quantisnow alerted its Plus members about this analyst rating change immediately after publication. The article also...

Quantisnow•Nov 4, 2026 2:09 AM ET11/4/26•Bearish

Craig-Hallum Downgrades HealthStream to Hold After 39% Year-to-Date Gain

Craig-Hallum downgraded HealthStream, Inc. (HSTM) to "hold" from "buy" on November 3rd, citing the stock's significant rally. Shares had gained 39% year-to-date and 50% over the last six months...

www.tokenpost.com•Nov 3, 2026 7:32 PM ET11/3/26•Somewhat-Bearish

HealthStream Releases Q3 2026 Financial Results

HealthStream, Inc. (HSTM) reported strong third-quarter 2026 financial results, exceeding analyst expectations with an adjusted EPS of $0.18 against estimates of $0.16. The company posted net income of $5.4 million...

AlphaStreet•Nov 3, 2026 2:09 PM ET11/3/26•Bullish

What HealthStream (HSTM) Said on Its Q3 Earnings Call

HealthStream (HSTM) reported an 8.9% increase in Q3 2026 revenue, reaching $83.3 million, and subsequently raised its full-year guidance. The company highlighted strong subscription growth...

TradingView•Nov 3, 2026 12:09 PM ET11/3/26•Somewhat-Bullish

HSTM Valuation and Fair Value

P/E: 36.6x
Forward P/E: 38.2x
EV/EBITDA: 9.5x
P/FCF: 20.7x
PEG: 3.2x
P/B: 2.1x

See GNG's fair value

HSTM Profitability: Margins, ROIC and FCF

Gross margin: 64.7%
Operating margin: 7.9%
Net margin: 6.3%
ROE: 5.5%
FCF margin: 12.6%
FCF yield: 4.8%

HSTM Competitors

Company	Ticker
Immatics NV	IMTX
Jade Biosciences, Inc.	JBIO
Syndax Pharmaceuticals Inc	SNDX
Corvus Pharmaceuticals Inc	CRVS
Savara Inc	SVRA
Theravance Biopharma Inc	TBPH
Harrow Health Inc	HROW
Pharming Group NV	PHAR

Sector: Healthcare

HSTM Analyst Ratings

Consensus: Hold
Analysts: 6
Strong Buy: 0
Buy: 2
Hold: 4
Sell: 0
Strong Sell: 0

HSTM Bull Case vs Bear Case

Bull case

HSTM beat EPS estimates in 87.5% of its last 8 reported quarters.

HSTM Earnings: Beat Rate and Next Report

Beat rate: 7 of 8 quarters (87.5%)
Average surprise: 15.3%
EPS estimate (fiscal period ending Dec 31, 2026): $0.23

HSTM Dividend

Forward yield: 0.5%
Payout ratio: 5.6%
Pay months: Mar, May, Aug, Nov

HSTM dividend history

HSTM Earnings Date

HSTM reports Feb 22, 2027, after the close. The date is confirmed.

HSTM Earnings Call

The latest HSTM earnings call transcript on file is labeled 2026Q3.

Read the 2026Q3 transcript

HSTM ETF Holders

GNG tracks 9 ETFs that hold HSTM. The largest weights:

Fidelity Enhanced Small Cap Core ETF (FESM), 0.08% of the fund
iShares Core S&P Small-Cap ETF (IJR), 0.05% of the fund
iShares Russell 2000 ETF (IWM), 0.03% of the fund
Vanguard Russell 2000 Index Fund ETF Shares (VTWO), 0.02% of the fund
Vanguard Health Care Index Fund ETF Shares (VHT), 0.01% of the fund

Open the ETF Stock Exposure tool for HSTM

See insider activity

Frequently Asked Questions About HSTM

When is HSTM's next ex-dividend date?

HSTM's next ex-dividend date is Nov 16, 2026, for a declared dividend of $0.035 per share (record date Nov 16, 2026, payable Nov 27, 2026).

When does HSTM report earnings?

HealthStream Inc (HSTM) is confirmed to report earnings on Feb 22, 2027.

What is HSTM's current dividend yield?

HealthStream Inc (HSTM) has a forward dividend yield of 0.48%.

Does HSTM pay dividends?

Yes, HealthStream Inc pays dividends with a forward dividend yield of 0.48%.

What is HSTM's P/E ratio?

HealthStream Inc has a price-to-earnings (P/E) ratio of 36.57.

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