Healthstream (HSTM) Cost of Revenue (2010 - 2026)

Healthstream's (HSTM) quarterly Cost of Revenue came in at $27.8 million in Q1 2026, up 8.91% year-on-year from $25.5 million in Q1 2025, and down 3.79% on a QoQ basis from $28.9 million in Q4 2025.

Healthstream (HSTM) Cost of Revenue (2010 - 2026) Analysis & Trends

Healthstream (HSTM) has 17 years of Cost of Revenue data on file, last reported at $27.8 million in Q1 2026.

  • On a quarterly basis, Cost of Revenue rose 8.91% year-over-year to $27.8 million in Q1 2026; TTM through Mar 2026 was $109.5 million, a 10.8% increase from a year earlier, with the FY2025 full-year figure at $107.2 million, up 9.47% from the prior year.
  • Cost of Revenue for Q1 2026 stood at $27.8 million, down from $28.9 million in the prior quarter.
  • Over the last five years, Cost of Revenue for HSTM reached as high as $28.9 million in Q4 2025 and fell as low as $22.0 million in Q1 2022.
  • Historically, Cost of Revenue has averaged $24.7 million across 5 years, with a median of $24.0 million in 2023.
  • Across the five-year window, Cost of Revenue dropped 3.3% in 2022 and rose 14.9% in 2025, its largest moves.
  • Year by year, Cost of Revenue stood at $23.5 million in 2022, then advanced by 2.01% to $24.0 million in 2023, then grew by 4.58% to $25.1 million in 2024, then advanced by 14.9% to $28.9 million in 2025, then declined by 3.79% to $27.8 million in 2026.
  • Per Business Quant data, the three most recent Cost of Revenue figures were $27.8 million in Q1 2026, $28.9 million in Q4 2025, and $26.5 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Veeva Systems 31.81 Bn 24.49 Bn 662.02 Mn 220.92 Mn
2 BrightSpring Health Services 14.76 Bn 13.86 Bn 482.22 Mn 260.92 Mn
3 Healthequity 8.36 Bn 8.10 Bn 256.31 Mn 98.33 Mn
4 Hinge Health 5.91 Bn 5.60 Bn 154.23 Mn 28.07 Mn
5 10x Genomics 5.89 Bn 5.35 Bn 106.18 Mn 44.67 Mn
6 MiniMed 4.45 Bn 4.16 Bn 480.00 Mn 357.00 Mn
7 Waystar Holding 4.41 Bn 4.35 Bn 216.84 Mn 97.04 Mn
8 Doximity 3.93 Bn 3.18 Bn 125.97 Mn 19.41 Mn
9 Privia Health 3.10 Bn 2.68 Bn - -
10 Healthstream 822.38 Mn 755.88 Mn 53.45 Mn 27.76 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 27.76 Mn
Mar 31, 2026 27.76 Mn
Dec 31, 2025 28.85 Mn
Dec 31, 2025 28.85 Mn
Sep 30, 2025 26.51 Mn
Sep 30, 2025 26.51 Mn
Jun 30, 2025 26.36 Mn
Jun 30, 2025 26.36 Mn
Mar 31, 2025 25.49 Mn
Mar 31, 2025 25.49 Mn
Dec 31, 2024 25.11 Mn
Dec 31, 2024 25.11 Mn
Sep 30, 2024 24.47 Mn
Sep 30, 2024 24.47 Mn
Jun 30, 2024 23.74 Mn
Jun 30, 2024 23.74 Mn
Mar 31, 2024 24.62 Mn
Mar 31, 2024 24.62 Mn
Dec 31, 2023 24.01 Mn
Dec 31, 2023 24.01 Mn