Healthstream (HSTM) Gross Margin (2010 - 2026)
Healthstream (HSTM) posted quarterly Gross Margin of 65.82% for Q1 2026, up 50.0% year-over-year from 43.88% in Q1 2025, and up 3.16% quarter-over-quarter from 63.8% in Q4 2025.
Healthstream (HSTM) Gross Margin (2010 - 2026) Analysis & Trends
Healthstream (HSTM) has reported Gross Margin for 17 consecutive years, with 65.82% the latest figure, recorded in Q1 2026.
- In Q1 2026, Gross Margin rose 50.0% year-over-year to 65.82%; the TTM figure through Mar 2026 stood at 64.89% (down 132.0% YoY), while the FY2025 annual figure was 64.74%, down 168.0% from the prior year.
- Gross Margin climbed to 65.82% in Q1 2026 per HSTM's latest filing, from 63.8% in the prior quarter.
- Across five years, Gross Margin topped out at 66.83% in Q2 2024 and bottomed at 63.8% in Q4 2025.
- Historically, Gross Margin has averaged 65.75% across 5 years, with a median of 65.94% in 2023.
- Annual changes were most pronounced in 2022 — Gross Margin jumped 219 bps — and 2025, when it tumbled 237 bps.
- Healthstream's Gross Margin stood at 65.66% in 2022, then climbed by 0 bps to 65.98% in 2023, then advanced by 0 bps to 66.17% in 2024, then retreated by 4 bps to 63.8% in 2025, then rose by 3 bps to 65.82% in 2026.
- Business Quant data shows HSTM's Gross Margin at 65.82% in Q1 2026, 63.8% in Q4 2025, and 65.34% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 39.72 Bn | 32.40 Bn | 662.02 Mn | 74.98% |
| 2 | BrightSpring Health Services | 12.19 Bn | 11.64 Bn | 492.75 Mn | 12.72% |
| 3 | Healthequity | 8.79 Bn | 8.52 Bn | 256.31 Mn | 72.27% |
| 4 | 10x Genomics | 7.31 Bn | 6.76 Bn | 112.50 Mn | 74.48% |
| 5 | Hinge Health | 7.10 Bn | 6.71 Bn | 183.95 Mn | 86.44% |
| 6 | MiniMed | 5.66 Bn | 5.36 Bn | 480.00 Mn | 57.35% |
| 7 | Waystar Holding | 4.76 Bn | 4.56 Bn | 221.99 Mn | 69.44% |
| 8 | Doximity | 4.46 Bn | 3.77 Bn | 132.93 Mn | 84.87% |
| 9 | Heartflow | 3.66 Bn | 3.28 Bn | 53.19 Mn | 83.00% |
| 10 | Healthstream | 846.21 Mn | 779.47 Mn | 54.72 Mn | 65.35% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 65.35% |
| 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% |