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
DateValue
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