Healthstream (HSTM) Operating Expenses (2010 - 2026)
Healthstream (HSTM) posted quarterly Operating Expenses of $73.7 million for Q1 2026, up 6.63% year-over-year from $69.1 million in Q1 2025, and down 4.67% quarter-over-quarter from $77.3 million in Q4 2025.
Healthstream (HSTM) Operating Expenses (2010 - 2026) Analysis & Trends
Healthstream (HSTM) has reported Operating Expenses for 17 consecutive years, with $73.7 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses rose 6.63% year-over-year to $73.7 million; the TTM figure through Mar 2026 stood at $288.4 million (up 5.88% YoY), while the FY2025 annual figure was $283.8 million, up 4.98% from the prior year.
- Operating Expenses fell to $73.7 million in Q1 2026 per HSTM's latest filing, from $77.3 million in the prior quarter.
- Across five years, Operating Expenses topped out at $77.3 million in Q4 2025 and bottomed at $61.3 million in Q1 2022.
- Historically, Operating Expenses has averaged $67.4 million across 5 years, with a median of $66.6 million in 2024.
- Annual changes were most pronounced in 2023 — Operating Expenses advanced 0.88% — and 2025, when it increased 11.16%.
- Healthstream's Operating Expenses stood at $65.5 million in 2022, then grew by 1.33% to $66.3 million in 2023, then gained by 4.85% to $69.5 million in 2024, then gained by 11.16% to $77.3 million in 2025, then declined by 4.67% to $73.7 million in 2026.
- Business Quant data shows HSTM's Operating Expenses at $73.7 million in Q1 2026, $77.3 million in Q4 2025, and $68.9 million in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 39.72 Bn | 32.40 Bn | 662.02 Mn | 388.91 Mn |
| 2 | BrightSpring Health Services | 12.19 Bn | 11.64 Bn | 492.75 Mn | 362.36 Mn |
| 3 | Healthequity | 8.79 Bn | 8.52 Bn | 256.31 Mn | 153.36 Mn |
| 4 | 10x Genomics | 7.31 Bn | 6.76 Bn | 112.50 Mn | 132.05 Mn |
| 5 | Hinge Health | 7.10 Bn | 6.71 Bn | 183.95 Mn | 143.51 Mn |
| 6 | MiniMed | 5.66 Bn | 5.36 Bn | 480.00 Mn | 398.00 Mn |
| 7 | Waystar Holding | 4.76 Bn | 4.56 Bn | 221.99 Mn | 243.63 Mn |
| 8 | Doximity | 4.46 Bn | 3.77 Bn | 132.93 Mn | 99.28 Mn |
| 9 | Heartflow | 3.66 Bn | 3.28 Bn | 53.19 Mn | 71.09 Mn |
| 10 | Healthstream | 846.21 Mn | 779.47 Mn | 54.72 Mn | 75.41 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 75.41 Mn |
| Mar 31, 2026 | 73.69 Mn |
| Dec 31, 2025 | 77.31 Mn |
| Sep 30, 2025 | 68.91 Mn |
| Jun 30, 2025 | 68.51 Mn |
| Mar 31, 2025 | 69.11 Mn |
| Dec 31, 2024 | 69.55 Mn |
| Sep 30, 2024 | 66.60 Mn |
| Jun 30, 2024 | 67.15 Mn |
| Mar 31, 2024 | 67.07 Mn |
| Dec 31, 2023 | 66.33 Mn |
| Sep 30, 2023 | 65.48 Mn |
| Jun 30, 2023 | 65.19 Mn |
| Mar 31, 2023 | 66.06 Mn |
| Dec 31, 2022 | 65.46 Mn |
| Sep 30, 2022 | 64.90 Mn |
| Jun 30, 2022 | 62.69 Mn |
| Mar 31, 2022 | 61.33 Mn |
| Dec 31, 2021 | 64.80 Mn |
| Sep 30, 2021 | 62.31 Mn |