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% on a QoQ basis from $14.8 million in Q4 2025.
Healthstream (HSTM) has 17 years of Research & Development data on file, last reported at $13.6 million in Q1 2026.
- Quarterly Research & Development rose 12.94% year-over-year to $13.6 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $52.5 million (up 7.44% YoY) and the FY2025 annual result came in at $51.0 million, up 4.28% from the prior year.
- Research & Development slipped to $13.6 million in Q1 2026 per HSTM's latest filing, from $14.8 million in the prior quarter.
- Across five years, Research & Development topped out at $14.8 million in Q4 2025 and bottomed at $10.4 million in Q1 2022.
- The 5-year median for Research & Development is $12.0 million (2024), against an average of $12.0 million.
- The widest annual swing landed in 2023, when Research & Development retreated 5.01%; it then rose 16.35% in 2025.
- Tracing HSTM's Research & Development over 5 years: stood at $11.8 million in 2022, then grew by 1.04% to $11.9 million in 2023, then increased by 6.3% to $12.7 million in 2024, then climbed by 16.35% to $14.8 million in 2025, then declined by 7.79% to $13.6 million in 2026.
- Per Business Quant, the three latest HSTM Research & Development figures stand at $13.6 million (Q1 2026), $14.8 million (Q4 2025), and $12.1 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 30.85 Bn | 24.28 Bn | 622.47 Mn | 198.79 Mn |
| 2 | BrightSpring Health Services | 12.29 Bn | 11.41 Bn | 482.22 Mn | - |
| 3 | Healthequity | 7.80 Bn | 7.48 Bn | 256.31 Mn | 67.77 Mn |
| 4 | Hinge Health | 4.82 Bn | 4.51 Bn | 154.23 Mn | 30.34 Mn |
| 5 | Doximity | 4.21 Bn | 3.46 Bn | 125.97 Mn | 39.11 Mn |
| 6 | Waystar Holding | 4.18 Bn | 4.03 Bn | 268.04 Mn | 18.37 Mn |
| 7 | 10x Genomics | 3.78 Bn | 3.24 Bn | 106.18 Mn | 56.85 Mn |
| 8 | Privia Health | 2.65 Bn | 2.28 Bn | 595.71 Mn | - |
| 9 | Omnicell | 1.95 Bn | 1.78 Bn | 140.36 Mn | 21.52 Mn |
| 10 | Healthstream | 752.32 Mn | 685.82 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 |
| Mar 31, 2021 | 9.53 Mn |
| Dec 31, 2020 | 8.81 Mn |
| Sep 30, 2020 | 8.19 Mn |
| Jun 30, 2020 | 7.83 Mn |
| Mar 31, 2020 | 7.47 Mn |
| Dec 31, 2019 | 7.35 Mn |
| Sep 30, 2019 | 7.20 Mn |
| Jun 30, 2019 | 7.64 Mn |
| Mar 31, 2019 | 6.93 Mn |
| Dec 31, 2018 | 6.59 Mn |
| Sep 30, 2018 | 6.60 Mn |
| Jun 30, 2018 | 6.55 Mn |
| Mar 31, 2018 | 6.00 Mn |
| Dec 31, 2017 | 6.22 Mn |
| Sep 30, 2017 | 6.00 Mn |
| Jun 30, 2017 | 6.15 Mn |
| Mar 31, 2017 | 5.78 Mn |
| Dec 31, 2016 | 2.71 Mn |
| Sep 30, 2016 | 7.26 Mn |
| Jun 30, 2016 | 7.24 Mn |
| Mar 31, 2016 | 7.02 Mn |
| Dec 31, 2015 | 7.56 Mn |
| Sep 30, 2015 | 6.20 Mn |
| Jun 30, 2015 | 5.82 Mn |
| Mar 31, 2015 | 4.65 Mn |
| Dec 31, 2014 | 4.41 Mn |
| Sep 30, 2014 | 4.21 Mn |
| Jun 30, 2014 | 4.29 Mn |
| Mar 31, 2014 | 3.55 Mn |
| Dec 31, 2013 | 3.16 Mn |
| Sep 30, 2013 | 3.21 Mn |
| Jun 30, 2013 | 2.78 Mn |
| Mar 31, 2013 | 2.61 Mn |
| Dec 31, 2012 | 2.28 Mn |
| Sep 30, 2012 | 2.28 Mn |
| Jun 30, 2012 | 2.18 Mn |
| Mar 31, 2012 | 1.87 Mn |
| Dec 31, 2011 | 1.83 Mn |
| Sep 30, 2011 | 1.95 Mn |
| Jun 30, 2011 | 1.91 Mn |
| Mar 31, 2011 | 1.79 Mn |
| Dec 31, 2010 | 1.99 Mn |
| Sep 30, 2010 | 1.75 Mn |
| Jun 30, 2010 | 1.72 Mn |