Healthstream (HSTM) Research & Development (2010 - 2026)
Healthstream (HSTM) reported Research & Development of $13.6 million for Q1 2026, up 12.94% year-over-year from $12.0 million in Q1 2025, and down 7.79% quarter-over-quarter from $14.8 million in Q4 2025.
Healthstream (HSTM) Research & Development (2010 - 2026) Analysis & Trends
Healthstream (HSTM) has 17 years of Research & Development data on file, last reported at $13.6 million in Q1 2026.
- Research & Development for Q1 2026 came in at $13.6 million, up 12.94% year-over-year; the trailing twelve-month figure through Mar 2026 was $52.5 million (up 7.44% YoY), and the FY2025 annual result was $51.0 million, up 4.28% from the prior year.
- Research & Development retreated to $13.6 million in Q1 2026 per HSTM's latest filing, from $14.8 million in the prior quarter.
- Over five years, Research & Development peaked at $14.8 million in Q4 2025 and troughed at $10.4 million in Q1 2022.
- A 5-year average of $12.0 million and a median of $12.0 million in 2024 frame the typical range for Research & Development.
- The sharpest annual moves came in 2023 and 2025: Research & Development slipped 5.01% in 2023, then advanced 16.35% in 2025.
- A 5-year view of Research & Development shows it stood at $11.8 million in 2022, then rose by 1.04% to $11.9 million in 2023, then gained by 6.3% to $12.7 million in 2024, then increased by 16.35% to $14.8 million in 2025, then retreated by 7.79% to $13.6 million in 2026.
- Business Quant data shows HSTM's Research & Development at $13.6 million in Q1 2026, $14.8 million in Q4 2025, and $12.1 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 24.83 Bn | 17.52 Bn | 662.02 Mn | 208.32 Mn |
| 2 | BrightSpring Health Services | 13.57 Bn | 12.69 Bn | 482.22 Mn | - |
| 3 | Healthequity | 7.20 Bn | 6.93 Bn | 256.31 Mn | 67.77 Mn |
| 4 | Hinge Health | 5.42 Bn | 5.11 Bn | 154.23 Mn | 30.34 Mn |
| 5 | 10x Genomics | 4.46 Bn | 3.92 Bn | 106.18 Mn | 56.85 Mn |
| 6 | Doximity | 3.81 Bn | 3.06 Bn | 125.97 Mn | 39.11 Mn |
| 7 | Waystar Holding | 3.52 Bn | 3.36 Bn | 268.04 Mn | 18.37 Mn |
| 8 | Privia Health | 2.94 Bn | 2.57 Bn | 595.71 Mn | - |
| 9 | Omnicell | 1.76 Bn | 1.59 Bn | 140.36 Mn | 21.52 Mn |
| 10 | Healthstream | 753.05 Mn | 686.56 Mn | 68.24 Mn | 13.61 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 13.61 Mn |
| Dec 31, 2025 | 14.76 Mn |
| Sep 30, 2025 | 12.11 Mn |
| Jun 30, 2025 | 12.07 Mn |
| Mar 31, 2025 | 12.05 Mn |
| Dec 31, 2024 | 12.68 Mn |
| Sep 30, 2024 | 12.10 Mn |
| Jun 30, 2024 | 12.08 Mn |
| Mar 31, 2024 | 12.03 Mn |
| Dec 31, 2023 | 11.93 Mn |
| Sep 30, 2023 | 10.90 Mn |
| Jun 30, 2023 | 11.03 Mn |
| Mar 31, 2023 | 11.68 Mn |
| Dec 31, 2022 | 11.81 Mn |
| Sep 30, 2022 | 11.48 Mn |
| Jun 30, 2022 | 10.58 Mn |
| Mar 31, 2022 | 10.41 Mn |
| Dec 31, 2021 | 11.45 Mn |
| Sep 30, 2021 | 10.34 Mn |
| Jun 30, 2021 | 10.34 Mn |