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| Date | Value |
|---|---|
| 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 |