Healthstream (HSTM) Operating Expenses (2010 - 2026)
Healthstream's (HSTM) quarterly Operating Expenses came in at $73.7 million in Q1 2026, up 6.63% year-on-year from $69.1 million in Q1 2025, and down 4.67% on a QoQ basis from $77.3 million in Q4 2025.
Healthstream (HSTM) Operating Expenses (2010 - 2026) Analysis & Trends
Healthstream (HSTM) has 17 years of Operating Expenses data on file, last reported at $73.7 million in Q1 2026.
- On a quarterly basis, Operating Expenses rose 6.63% year-over-year to $73.7 million in Q1 2026; TTM through Mar 2026 was $288.4 million, a 5.88% increase from a year earlier, with the FY2025 full-year figure at $283.8 million, up 4.98% from the prior year.
- Operating Expenses for Q1 2026 stood at $73.7 million, down from $77.3 million in the prior quarter.
- Over the last five years, Operating Expenses for HSTM reached as high as $77.3 million in Q4 2025 and fell as low as $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.
- Across the five-year window, Operating Expenses rose 0.88% in 2023 and climbed 11.16% in 2025, its largest moves.
- Year by year, Operating Expenses stood at $65.5 million in 2022, then rose by 1.33% to $66.3 million in 2023, then climbed by 4.85% to $69.5 million in 2024, then climbed by 11.16% to $77.3 million in 2025, then retreated by 4.67% to $73.7 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $73.7 million in Q1 2026, $77.3 million in Q4 2025, and $68.9 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 31.78 Bn | 24.46 Bn | 662.02 Mn | 388.91 Mn |
| 2 | BrightSpring Health Services | 14.61 Bn | 13.71 Bn | 482.22 Mn | 360.77 Mn |
| 3 | Healthequity | 8.33 Bn | 8.06 Bn | 256.31 Mn | 153.36 Mn |
| 4 | Hinge Health | 5.94 Bn | 5.63 Bn | 154.23 Mn | 122.16 Mn |
| 5 | 10x Genomics | 5.84 Bn | 5.30 Bn | 106.18 Mn | 123.22 Mn |
| 6 | MiniMed | 4.52 Bn | 4.22 Bn | 480.00 Mn | 398.00 Mn |
| 7 | Waystar Holding | 4.46 Bn | 4.40 Bn | 216.84 Mn | 233.41 Mn |
| 8 | Doximity | 3.94 Bn | 3.19 Bn | 125.97 Mn | 101.14 Mn |
| 9 | Privia Health | 3.15 Bn | 2.73 Bn | - | 596.43 Mn |
| 10 | Healthstream | 813.13 Mn | 746.63 Mn | 53.45 Mn | 73.69 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 61.39 Mn |