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
DateValue
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