Healthstream (HSTM) Research & Development (2010 - 2026)
Healthstream's (HSTM) quarterly Research & Development came in at $13.6 million in Q2 2026, up 12.49% year-over-year from $12.1 million in Q2 2025, and little changed quarter-over-quarter from $13.6 million in Q1 2026.
Analysis
Healthstream (HSTM) Research & Development (2010 - 2026) Analysis & Trends
Healthstream (HSTM) has reported Research & Development for 17 consecutive years, with $13.6 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Research & Development rose 12.49% year-over-year to $13.6 million in Q2 2026; TTM through Jun 2026 was $54.1 million, a 10.37% increase from a year earlier, with the FY2025 full-year figure at $51.0 million, up 4.28% from the prior year.
- Research & Development was $13.6 million for Q2 2026 at Healthstream, roughly flat from $13.6 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 $12.1 million and a median of $12.1 million in 2024 frame the typical range for Research & Development.
- Across the five-year window, Research & Development fell 1.77% in 2023 and gained 16.35% in 2025, its largest moves.
- Over 5 years, Research & Development stood at $11.6 million in 2022, then slipped by 1.77% to $11.4 million in 2023, then increased by 11.06% to $12.7 million in 2024, then grew by 16.35% to $14.8 million in 2025, then retreated by 7.96% to $13.6 million in 2026.
- The last three Research & Development figures came in at $13.6 million (Q2 2026), $13.6 million (Q1 2026), and $14.8 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 44.53 Bn | 37.29 Bn | 695.95 Mn | 222.92 Mn |
| 2 | Waystar Holding | 4.81 Bn | 4.62 Bn | 221.99 Mn | 50.38 Mn |
| 3 | Doximity | 4.74 Bn | 4.05 Bn | 132.93 Mn | 45.05 Mn |
| 4 | CCC Intelligent Solutions Holdings | 4.41 Bn | 4.30 Bn | 210.64 Mn | 52.99 Mn |
| 5 | EverCommerce | 1.40 Bn | 1.27 Bn | 119.50 Mn | 33.72 Mn |
| 6 | Schrodinger | 1.32 Bn | 904.47 Mn | 32.43 Mn | 41.00 Mn |
| 7 | Certara | 1.21 Bn | 1.03 Bn | 58.15 Mn | 14.98 Mn |
| 8 | GoodRx Holdings | 1.18 Bn | 887.53 Mn | 179.41 Mn | 81.99 Mn |
| 9 | Healthstream | 853.81 Mn | 787.08 Mn | 54.72 Mn | 13.58 Mn |
| 10 | Phreesia | 677.81 Mn | 677.81 Mn | 110.19 Mn | 27.57 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 13.58 Mn |
| Mar 31, 2026 | 13.61 Mn |
| Dec 31, 2025 | 14.76 Mn |
| Sep 30, 2025 | 12.14 Mn |
| Jun 30, 2025 | 12.07 Mn |
| Mar 31, 2025 | 12.15 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 | 11.42 Mn |
| Sep 30, 2023 | 11.29 Mn |
| Jun 30, 2023 | 11.31 Mn |
| Mar 31, 2023 | 11.73 Mn |
| Dec 31, 2022 | 11.63 Mn |
| Sep 30, 2022 | 11.48 Mn |
| Jun 30, 2022 | 10.87 Mn |
| Mar 31, 2022 | 10.42 Mn |
| Dec 31, 2021 | 11.45 Mn |
| Sep 30, 2021 | 10.34 Mn |