NASDAQ$HSTM

HealthStream Inc · Q4 2025 earnings

Q4 2025 earnings · · After market close · Investor relations

Briefing

HealthStream reported Q4 2025 revenue of $79.7M (+7.4%) and record quarterly revenue.

HealthStream set a quarterly revenue record of $79.7M in Q4, up 7.4% from $74.2M. Adjusted EBITDA was $18.8M (+16.4%). The company completed acquisitions to broaden its workforce solutions platform for healthcare providers.

  • Q4 revenue $79.7M (+7.4%) — company record.
  • Adjusted EBITDA $18.8M (+16.4%).
  • Completed strategic acquisitions in Q4.
  • Healthcare workforce solutions demand remains solid.

Headline financials

Total Revenue

$79.7M

Previous: $74.2M+7.4%
EPS (adj)

$0.18

Previous: $0.16+12.5%
Adjusted EBITDA

$18.8M

Previous: $16.2M+16.4%
Capital Expenditures

$7M

No prior period
Dividend Per Share

$0.03

Previous: $0.03+10.7%
Share Repurchases

$5M

No prior period
Net Income

$2.54M

Previous: $4.89M-48.1%
Operating Income

$2.4M

Previous: $4.69M-48.8%

Revenue & EPS history

HealthStream · Revenue · Quarterly

$79.7M

Q4 2025+7.4%vs Q4 2024
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Revenue by segment

HealthStream · $3.1M total across 2 segments · Q3 2023

  • Subscription Revenues
    $3.4M
  • Professional Services
    -$300K

Forward guidance

Cross-sell of acquired capabilities and subscription renewals support 2026 growth.

Tailwinds

  • Recurring SaaS revenue model.
  • Adjusted EBITDA leverage on scale.
  • Hospital staffing pressures sustain demand.

Headwinds

  • Hospital IT budget constraints.
  • Acquisition integration execution.
  • Competition in healthcare HR tech.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2025

Historical avgQ4 2025

+0.4%

Avg return

Earnings day

-1.3%

Avg return

5 days after

-0.3%

Avg return

30 days after

49%

32 / 65 earnings

Positive

+22.1%

Q3 2014

Best reaction

-19.3%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-5.0%-5.2%+3.6%
Q4 2025+5.7%-0.0%+0.0%
Q3 2025+2.8%-2.6%-2.4%
Q1 2025-19.3%-16.2%-14.9%
Q4 2024+0.1%+4.4%-0.8%
Q3 2024+4.3%-1.8%+8.5%
Q2 2024-3.0%-3.4%-7.3%
Q1 2024+6.3%+3.1%+9.8%
Q4 2023-1.6%-2.8%-2.8%
Q3 2023+13.6%+11.0%+16.0%
Q2 2023-1.4%-3.7%-8.1%
Q1 2023-6.9%-9.5%-12.3%
Q4 2022+4.9%+3.1%+7.0%
Q3 2022+4.6%+11.3%+14.3%
Q2 2022+4.5%+2.1%-2.0%
Q1 2022+2.2%-1.6%+4.4%
Q4 2021-17.0%-16.7%-14.7%
Q3 2021-8.8%-6.0%-10.9%
Q2 2021+0.6%-0.8%+0.2%
Q1 2021+9.2%+8.0%+18.4%
Q4 2020+0.7%+0.5%-2.6%
Q3 2020-9.4%-14.2%-9.3%
Q2 2020+0.3%+1.1%-5.6%
Q1 2020-3.4%-9.7%-4.1%
Q4 2019+0.2%+1.4%-16.1%
Q3 2019+6.3%+7.0%+4.4%
Q2 2019-0.8%+3.4%+3.5%
Q1 2019-4.8%-3.0%-5.0%
Q4 2018+3.9%+1.5%+5.8%
Q3 2018+1.8%-5.3%-15.2%
Q2 2018-6.5%-4.2%+6.2%
Q1 2018+4.8%+9.7%+17.3%
Q4 2017+6.0%+2.0%+1.9%
Q3 2017-0.3%-2.7%+2.6%
Q2 2017-12.0%-12.6%-13.5%
Q1 2017+17.3%+17.3%+18.2%
Q4 2016+0.1%+5.0%-2.8%
Q3 2016-9.5%-15.6%-2.3%
Q2 2016-3.9%-6.2%+0.1%
Q1 2016-0.8%
Q4 2015+12.9%
Q3 2015+10.8%
Q2 2015-0.6%
Q1 2015+12.1%
Q4 2014-7.9%
Q3 2014+22.1%
Q2 2014+13.9%
Q1 2014-5.7%
Q4 2013-7.2%
Q3 2013-4.5%
Q2 2013+11.2%
Q1 2013+16.9%
Q4 2012-0.2%
Q3 2012+1.9%
Q2 2012-2.9%
Q1 2011-2.1%
Q1 2012+2.0%
Q4 2009-5.1%
Q4 2011-5.1%
Q3 2010-5.8%
Q3 2011-5.8%
Q2 2011-4.4%
Q2 2010-4.4%
Q4 2010-4.4%
Q1 2010+5.6%

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