Healthstream (HSTM) Research & Development (2010 - 2026)
Healthstream's (HSTM) quarterly Research & Development came in at $13.0 million in Q1 2026, up 7.58% year-on-year from $12.0 million in Q1 2025, and down 1.53% on a QoQ basis from $13.2 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 $13.0 million in Q1 2026.
- On a quarterly basis, Research & Development rose 7.58% year-over-year to $13.0 million in Q1 2026; TTM through Mar 2026 was $50.0 million, a 6.07% increase from a year earlier, with the FY2025 full-year figure at $49.4 million, up 4.73% from the prior year.
- Research & Development for Q1 2026 stood at $13.0 million, down from $13.2 million in the prior quarter.
- Over the last five years, Research & Development for HSTM reached as high as $13.2 million in Q4 2025 and fell as low as $10.4 million in Q1 2022.
- Historically, Research & Development has averaged $11.7 million across 5 years, with a median of $11.7 million in 2023.
- Across the five-year window, Research & Development dropped 9.81% in 2022 and grew 20.19% in 2025, its largest moves.
- Year by year, Research & Development stood at $11.7 million in 2022, then retreated by 2.2% to $11.4 million in 2023, then decreased by 4.11% to $11.0 million in 2024, then climbed by 20.19% to $13.2 million in 2025, then slipped by 1.53% to $13.0 million in 2026.
- Per Business Quant data, the three most recent Research & Development figures were $13.0 million in Q1 2026, $13.2 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 | 29.34 Bn | 22.03 Bn | 662.02 Mn | 208.32 Mn |
| 2 | BrightSpring Health Services | 13.49 Bn | 12.59 Bn | 482.22 Mn | - |
| 3 | Healthequity | 7.96 Bn | 7.70 Bn | 256.31 Mn | 26.83 Mn |
| 4 | 10x Genomics | 6.17 Bn | 5.63 Bn | 106.18 Mn | 56.85 Mn |
| 5 | Hinge Health | 6.02 Bn | 5.70 Bn | 154.23 Mn | 30.34 Mn |
| 6 | MiniMed | 4.19 Bn | 3.89 Bn | 480.00 Mn | 99.00 Mn |
| 7 | Waystar Holding | 4.14 Bn | 4.07 Bn | 216.84 Mn | 45.83 Mn |
| 8 | Doximity | 3.82 Bn | 3.08 Bn | 125.97 Mn | 39.11 Mn |
| 9 | Privia Health | 3.10 Bn | 2.73 Bn | - | 8.13 Mn |
| 10 | Healthstream | 775.23 Mn | 708.73 Mn | 53.45 Mn | 12.96 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 12.96 Mn |
| Dec 31, 2025 | 13.16 Mn |
| Sep 30, 2025 | 12.11 Mn |
| Jun 30, 2025 | 11.81 Mn |
| Mar 31, 2025 | 12.05 Mn |
| Dec 31, 2024 | 10.95 Mn |
| Sep 30, 2024 | 12.10 Mn |
| Jun 30, 2024 | 12.08 Mn |
| Mar 31, 2024 | 11.77 Mn |
| Dec 31, 2023 | 11.42 Mn |
| Sep 30, 2023 | 10.90 Mn |
| Jun 30, 2023 | 11.31 Mn |
| Mar 31, 2023 | 11.68 Mn |
| Dec 31, 2022 | 11.68 Mn |
| Sep 30, 2022 | 11.48 Mn |
| Jun 30, 2022 | 10.87 Mn |
| Mar 31, 2022 | 10.41 Mn |
| Dec 31, 2021 | 12.95 Mn |
| Sep 30, 2021 | 10.23 Mn |
| Jun 30, 2021 | 10.34 Mn |