Healthstream (HSTM) Research & Development (2010 - 2026)
Healthstream (HSTM) posted quarterly Research & Development of $13.0 million for Q1 2026, up 7.58% year-over-year from $12.0 million in Q1 2025, and down 1.53% quarter-over-quarter from $13.2 million in Q4 2025.
Healthstream (HSTM) Research & Development (2010 - 2026) Analysis & Trends
Healthstream (HSTM) has reported Research & Development for 17 consecutive years, with $13.0 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Research & Development rose 7.58% year-over-year to $13.0 million; the TTM figure through Mar 2026 stood at $50.0 million (up 6.07% YoY), while the FY2025 annual figure was $49.4 million, up 4.73% from the prior year.
- Research & Development fell to $13.0 million in Q1 2026 per HSTM's latest filing, from $13.2 million in the prior quarter.
- Across five years, Research & Development topped out at $13.2 million in Q4 2025 and bottomed at $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.
- Annual changes were most pronounced in 2022 — Research & Development fell 9.81% — and 2025, when it rose 20.19%.
- Healthstream's Research & Development stood at $11.7 million in 2022, then declined by 2.2% to $11.4 million in 2023, then fell by 4.11% to $11.0 million in 2024, then gained by 20.19% to $13.2 million in 2025, then retreated by 1.53% to $13.0 million in 2026.
- Business Quant data shows HSTM's Research & Development at $13.0 million in Q1 2026, $13.2 million in Q4 2025, and $12.1 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 39.72 Bn | 32.40 Bn | 662.02 Mn | 208.32 Mn |
| 2 | BrightSpring Health Services | 12.19 Bn | 11.64 Bn | 492.75 Mn | - |
| 3 | Healthequity | 8.79 Bn | 8.52 Bn | 256.31 Mn | 26.83 Mn |
| 4 | 10x Genomics | 7.31 Bn | 6.76 Bn | 112.50 Mn | 56.79 Mn |
| 5 | Hinge Health | 7.10 Bn | 6.71 Bn | 183.95 Mn | 81.41 Mn |
| 6 | MiniMed | 5.66 Bn | 5.36 Bn | 480.00 Mn | 99.00 Mn |
| 7 | Waystar Holding | 4.76 Bn | 4.56 Bn | 221.99 Mn | 50.38 Mn |
| 8 | Doximity | 4.46 Bn | 3.77 Bn | 132.93 Mn | 45.05 Mn |
| 9 | Heartflow | 3.66 Bn | 3.28 Bn | 53.19 Mn | 30.58 Mn |
| 10 | Healthstream | 846.21 Mn | 779.47 Mn | 54.72 Mn | 13.58 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 13.58 Mn |
| 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 |