Healthstream (HSTM) Gross Margin (2010 - 2026)
Healthstream's (HSTM) quarterly Gross Margin came in at 65.82% in Q1 2026, up 50.0% year-on-year from 43.88% in Q1 2025, and up 3.16% on a QoQ basis from 63.8% in Q4 2025.
Healthstream (HSTM) Gross Margin (2010 - 2026) Analysis & Trends
Healthstream (HSTM) has 17 years of Gross Margin data on file, last reported at 65.82% in Q1 2026.
- On a quarterly basis, Gross Margin rose 50.0% year-over-year to 65.82% in Q1 2026; TTM through Mar 2026 was 64.89%, a 132.0% decrease from a year earlier, with the FY2025 full-year figure at 64.74%, down 168.0% from the prior year.
- Gross Margin for Q1 2026 stood at 65.82%, up from 63.8% in the prior quarter.
- Over the last five years, Gross Margin for HSTM reached as high as 66.83% in Q2 2024 and fell as low as 63.8% in Q4 2025.
- Historically, Gross Margin has averaged 65.75% across 5 years, with a median of 65.94% in 2023.
- Across the five-year window, Gross Margin surged 219 bps in 2022 and sank 237 bps in 2025, its largest moves.
- Year by year, Gross Margin stood at 65.66% in 2022, then increased by 0 bps to 65.98% in 2023, then grew by 0 bps to 66.17% in 2024, then slipped by 4 bps to 63.8% in 2025, then advanced by 3 bps to 65.82% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 65.82% in Q1 2026, 63.8% in Q4 2025, and 65.34% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 32.25 Bn | 24.94 Bn | 662.02 Mn | 74.98% |
| 2 | BrightSpring Health Services | 14.59 Bn | 13.69 Bn | 482.22 Mn | 13.34% |
| 3 | Healthequity | 8.33 Bn | 8.07 Bn | 256.31 Mn | 72.27% |
| 4 | Hinge Health | 5.98 Bn | 5.67 Bn | 154.23 Mn | 84.60% |
| 5 | 10x Genomics | 5.88 Bn | 5.34 Bn | 106.18 Mn | 70.39% |
| 6 | MiniMed | 4.49 Bn | 4.20 Bn | 480.00 Mn | 57.35% |
| 7 | Waystar Holding | 4.48 Bn | 4.41 Bn | 216.84 Mn | 69.08% |
| 8 | Doximity | 3.97 Bn | 3.22 Bn | 125.97 Mn | 86.65% |
| 9 | Privia Health | 3.13 Bn | 2.71 Bn | - | - |
| 10 | Healthstream | 814.45 Mn | 747.95 Mn | 53.45 Mn | 65.82% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 65.82% |
| Dec 31, 2025 | 63.80% |
| Sep 30, 2025 | 65.34% |
| Jun 30, 2025 | 64.56% |
| Mar 31, 2025 | 65.32% |
| Dec 31, 2024 | 66.17% |
| Sep 30, 2024 | 66.52% |
| Jun 30, 2024 | 66.83% |
| Mar 31, 2024 | 66.17% |
| Dec 31, 2023 | 65.98% |
| Sep 30, 2023 | 66.47% |
| Jun 30, 2023 | 65.94% |
| Mar 31, 2023 | 65.40% |
| Dec 31, 2022 | 65.66% |
| Sep 30, 2022 | 65.26% |
| Jun 30, 2022 | 66.13% |
| Mar 31, 2022 | 66.35% |
| Dec 31, 2021 | 64.28% |
| Sep 30, 2021 | 64.76% |
| Jun 30, 2021 | 65.04% |