Healthstream (HSTM) Gross Margin (2010 - 2026)
Healthstream (HSTM) reported Gross Margin of 84.04% for Q1 2026, up 57.0% year-over-year from 53.53% in Q1 2025, and up 31.72% on a QoQ basis from 63.8% in Q4 2025.
Healthstream (HSTM) has 17 years of Gross Margin data on file, last reported at 84.04% in Q1 2026.
- Quarterly Gross Margin rose 57.0% year-over-year to 84.04% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 74.3% (down 2245.0% YoY) and the FY2025 annual result came in at 64.74%, down 1909.0% from the prior year.
- Gross Margin grew to 84.04% in Q1 2026 per HSTM's latest filing, from 63.8% in the prior quarter.
- Across five years, Gross Margin topped out at 135.8% in Q4 2023 and bottomed at 63.8% in Q4 2025.
- The 5-year median for Gross Margin is 83.47% (2025), against an average of 85.44%.
- The widest annual swing landed in 2023, when Gross Margin soared 5257 bps; it then plunged 7077 bps in 2025.
- Tracing HSTM's Gross Margin over 5 years: stood at 83.23% in 2022, then surged by 63 bps to 135.8% in 2023, then declined by 1 bps to 134.58% in 2024, then slumped by 53 bps to 63.8% in 2025, then surged by 32 bps to 84.04% in 2026.
- Per Business Quant, the three latest HSTM Gross Margin figures stand at 84.04% (Q1 2026), 63.8% (Q4 2025), and 65.34% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 30.85 Bn | 24.28 Bn | 622.47 Mn | 74.46% |
| 2 | BrightSpring Health Services | 12.29 Bn | 11.41 Bn | 482.22 Mn | 13.34% |
| 3 | Healthequity | 7.80 Bn | 7.48 Bn | 256.31 Mn | 72.27% |
| 4 | Hinge Health | 4.82 Bn | 4.51 Bn | 154.23 Mn | 84.60% |
| 5 | Doximity | 4.21 Bn | 3.46 Bn | 125.97 Mn | 86.65% |
| 6 | Waystar Holding | 4.18 Bn | 4.03 Bn | 268.04 Mn | 85.40% |
| 7 | 10x Genomics | 3.78 Bn | 3.24 Bn | 106.18 Mn | 70.39% |
| 8 | Privia Health | 2.65 Bn | 2.28 Bn | 595.71 Mn | 98.65% |
| 9 | Omnicell | 1.95 Bn | 1.78 Bn | 140.36 Mn | 45.30% |
| 10 | Healthstream | 752.32 Mn | 685.82 Mn | 68.24 Mn | 84.04% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 84.04% |
| Dec 31, 2025 | 63.80% |
| Sep 30, 2025 | 65.34% |
| Jun 30, 2025 | 84.13% |
| Mar 31, 2025 | 83.47% |
| Dec 31, 2024 | 134.58% |
| Sep 30, 2024 | 66.52% |
| Jun 30, 2024 | 102.01% |
| Mar 31, 2024 | 66.17% |
| Dec 31, 2023 | 135.80% |
| Sep 30, 2023 | 83.95% |
| Jun 30, 2023 | 83.66% |
| Mar 31, 2023 | 82.99% |
| Dec 31, 2022 | 83.23% |
| Sep 30, 2022 | 65.26% |
| Jun 30, 2022 | 83.44% |
| Mar 31, 2022 | 84.06% |
| Dec 31, 2021 | 83.30% |
| Sep 30, 2021 | 64.76% |
| Jun 30, 2021 | 65.04% |
| Mar 31, 2021 | 64.16% |
| Dec 31, 2020 | 85.42% |
| Sep 30, 2020 | 85.44% |
| Jun 30, 2020 | 62.12% |
| Mar 31, 2020 | 85.08% |
| Dec 31, 2019 | 60.32% |
| Sep 30, 2019 | 85.58% |
| Jun 30, 2019 | 57.97% |
| Mar 31, 2019 | 85.39% |
| Dec 31, 2018 | 84.69% |
| Sep 30, 2018 | 85.72% |
| Jun 30, 2018 | 84.37% |
| Mar 31, 2018 | 59.44% |
| Dec 31, 2017 | 59.63% |
| Sep 30, 2017 | 83.29% |
| Jun 30, 2017 | 82.88% |
| Mar 31, 2017 | 59.30% |
| Dec 31, 2016 | 242.57% |
| Sep 30, 2016 | 57.36% |
| Jun 30, 2016 | 83.57% |
| Mar 31, 2016 | 84.18% |
| Dec 31, 2015 | 82.93% |
| Sep 30, 2015 | 57.04% |
| Jun 30, 2015 | 80.19% |
| Mar 31, 2015 | 84.42% |
| Dec 31, 2014 | 82.17% |
| Sep 30, 2014 | 57.07% |
| Jun 30, 2014 | 55.89% |
| Mar 31, 2014 | 81.89% |
| Dec 31, 2013 | 56.49% |
| Sep 30, 2013 | 82.51% |
| Jun 30, 2013 | 59.68% |
| Mar 31, 2013 | 57.77% |
| Dec 31, 2012 | 60.08% |
| Sep 30, 2012 | 83.23% |
| Jun 30, 2012 | 60.66% |
| Mar 31, 2012 | 59.55% |
| Dec 31, 2011 | 130.18% |
| Sep 30, 2011 | 81.52% |
| Jun 30, 2011 | 79.30% |
| Mar 31, 2011 | 61.80% |
| Dec 31, 2010 | 15.98% |
| Sep 30, 2010 | 79.79% |
| Jun 30, 2010 | 81.69% |