Healthstream (HSTM) Operating Expenses (2010 - 2026)
Healthstream (HSTM) reported 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 17 years of Operating Expenses data on file, last reported at $73.7 million in Q1 2026.
- Operating Expenses for Q1 2026 came in at $73.7 million, up 6.63% year-over-year; the trailing twelve-month figure through Mar 2026 was $288.4 million (up 5.88% YoY), and the FY2025 annual result was $283.8 million, up 4.98% from the prior year.
- Operating Expenses slipped to $73.7 million in Q1 2026 per HSTM's latest filing, from $77.3 million in the prior quarter.
- Over five years, Operating Expenses peaked at $77.3 million in Q4 2025 and troughed at $61.3 million in Q1 2022.
- A 5-year average of $67.4 million and a median of $66.6 million in 2024 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2023 and 2025: Operating Expenses advanced 0.88% in 2023, then increased 11.16% in 2025.
- A 5-year view of Operating Expenses shows it stood at $65.5 million in 2022, then climbed by 1.33% to $66.3 million in 2023, then rose by 4.85% to $69.5 million in 2024, then rose by 11.16% to $77.3 million in 2025, then dropped 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 24.83 Bn | 17.52 Bn | 662.02 Mn | 388.91 Mn |
| 2 | BrightSpring Health Services | 13.57 Bn | 12.69 Bn | 482.22 Mn | 360.77 Mn |
| 3 | Healthequity | 7.20 Bn | 6.93 Bn | 256.31 Mn | 153.36 Mn |
| 4 | Hinge Health | 5.42 Bn | 5.11 Bn | 154.23 Mn | 122.16 Mn |
| 5 | 10x Genomics | 4.46 Bn | 3.92 Bn | 106.18 Mn | 123.22 Mn |
| 6 | Doximity | 3.81 Bn | 3.06 Bn | 125.97 Mn | 101.14 Mn |
| 7 | Waystar Holding | 3.52 Bn | 3.36 Bn | 268.04 Mn | 233.41 Mn |
| 8 | Privia Health | 2.94 Bn | 2.57 Bn | 595.71 Mn | 596.43 Mn |
| 9 | Omnicell | 1.76 Bn | 1.59 Bn | 140.36 Mn | 123.51 Mn |
| 10 | Healthstream | 753.05 Mn | 686.56 Mn | 68.24 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 |