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HEALTHSTREAM INC (HSTM) Annual Reports

Q: Where can I read HEALTHSTREAM INC (HSTM) annual reports?

Every year on this page links straight to the full text on SEC EDGAR. US annual reports are web pages (HTML) rather than PDFs, so you can read and search them in the browser. 3 filings are currently indexed.

Q: What is the difference between a 10-K and a 20-F?

A 10-K is the annual report of a US domestic issuer; a 20-F is filed by foreign private issuers (Taiwanese companies with US ADRs, such as TSMC, file 20-F). A 40-F applies to Canadian issuers under the MJDS.

HEALTHSTREAM INC is listed on Nasdaq, classified by the SEC under Services-Computer Programming, Data Processing, Etc. (SIC 7370). This page indexes 3 annual reports, each linking to the full text on the SEC's EDGAR system.

Company profile

Exchange： Nasdaq
Fiscal year end： 12/31
SEC CIK： 1095565 →

Website：Official site ↗

Financial Highlights

FY2026 Q2 (quarterly, ended 2026-06-30)
	Current	Prior year	YoY
Revenue	$83.7M	$74.4M	+12.5%
Operating income	$8.3M	$5.9M	+41.4%
Net income	$6.7M	$5.4M	+23.8%
EPS (diluted)	$0.23	$0.18	+27.8%

Source: SEC EDGAR (XBRL company facts)

Financial history

Revenue & profit

Quarterly · In mn (USD)

Revenue 83.7 mn Net income 6.67 mn

Show table：Income statement

Item	2009Q4	2010Q2	2010Q3	2010Q4	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Revenue	57.4	16.7	16.6	17.6	18.5	21.1	20.6	21.9	23.7	25.8	26.4	27.8	29.6	31.9	33.7	37.0	38.4	42.5	44.5	45.3	47.2	52.1	53.8	55.9	54.1	54.8	58.4	24.9	59.9	52.9	54.7	55.3	54.9	57.0	59.9	59.8	65.2	63.8	62.5	62.7	61.6	60.5	60.9	61.8	63.5	64.8	64.1	64.3	65.4	65.6	67.3	68.5	69.0	69.2	70.3	70.6	72.8	71.6	73.1	74.2	73.5	74.4	76.5	79.7	81.2	83.7
Operating income	5.12	2.35	1.69	1.61	2.56	3.11	2.69	2.98	2.34	4.04	3.73	3.35	3.17	4.11	3.88	3.51	3.30	4.11	4.74	4.23	4.79	2.56	4.33	1.88	2.49	2.32	1.29	-0.52	1.83	2.86	3.98	1.13	3.73	4.26	4.66	2.84	5.37	2.27	3.75	3.34	7.24	4.30	3.13	1.14	3.30	3.43	1.79	-0.46	4.04	2.95	2.38	3.08	2.89	4.01	4.86	4.25	5.69	4.41	6.50	4.69	4.38	5.89	7.57	2.40	7.51	8.32
Net income	14.0	1.35	0.8	1.20	1.53	1.83	1.80	1.79	1.42	2.43	1.98	1.82	1.94	2.42	2.30	1.76	1.95	2.36	3.44	2.65	2.72	1.47	2.61	1.81	1.50	1.40	1.16	-0.31	1.29	2.27	2.50	3.95	23.9	2.55	3.04	2.79	5.97	2.40	3.71	3.68	7.09	3.44	2.63	0.92	2.29	2.44	1.50	-0.39	2.89	3.08	3.67	2.45	2.62	4.13	3.87	4.59	5.23	4.17	5.73	4.89	4.33	5.39	6.09	2.53	5.91	6.67

Balance sheet

Quarterly · In mn (USD)

Total assets 522 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Show table：Balance sheet

Item	2009Q4	2010Q2	2010Q3	2010Q4	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Current assets	—	—	—	44.3	—	47.6	51.7	111	111	119	118	118	125	130	141	147	150	160	163	175	125	199	202	210	206	205	173	177	184	182	189	200	259	225	231	241	224	214	223	225	201	199	199	115	115	110	112	107	107	95.3	104	114	125	118	127	130	147	139	146	153	170	144	148	120	133	130
Total assets	—	—	—	82.0	—	87.3	91.4	154	154	162	162	175	182	186	205	213	231	241	243	257	299	371	375	380	376	377	394	396	402	398	404	411	457	418	422	442	484	476	480	490	482	478	477	500	502	496	495	487	484	478	481	498	503	493	498	500	512	500	503	511	524	500	500	520	527	522
Current liabilities	—	—	—	24.8	—	25.8	27.4	32.5	30.2	33.5	31.1	35.0	39.3	40.0	54.4	56.2	69.7	75.0	74.4	77.3	88.3	87.0	85.5	89.1	83.6	81.7	95.2	95.0	98.1	92.9	94.7	101	140	96.7	97.5	107	111	98.3	99.7	105	102	92.4	95.0	119	117	106	102	100	115	105	105	117	121	109	115	118	126	112	111	116	126	115	113	124	137	123
Equity	51.8	—	—	56.8	—	61.1	63.6	121	123	127	129	132	135	139	143	149	154	157	161	168	171	272	279	280	282	284	286	286	290	293	296	300	309	312	316	319	325	330	334	338	335	339	336	334	337	340	342	339	323	327	330	334	336	341	342	341	345	349	355	359	363	351	349	354	352	357

Cash flow

Quarterly · In mn (USD)

Operating 13.4 mn Investing -11.9 mn Financing -4.01 mn

Positive = cash in, negative = cash out.

Show table：Cash flow statement

Item	2009Q4	2010Q2	2010Q3	2010Q4	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Operating	11.6	7.89	3.92	4.30	3.54	5.28	5.66	5.27	3.41	5.52	6.67	6.91	3.86	7.19	11.8	3.43	9.19	12.9	6.57	5.58	9.01	10.1	6.39	9.40	5.71	-5.43	14.7	9.25	16.5	6.52	12.6	11.1	8.55	6.65	13.6	14.4	16.1	20.5	15.9	13.1	6.12	7.42	17.2	5.12	19.1	5.22	12.1	5.95	20.7	7.33	15.1	8.11	20.5	4.95	24.7	13.8	20.9	6.45	19.1	11.2	27.1	5.02	18.0	13.2	27.1	13.4
Investing	-3.07	-1.53	-0.9	-7.94	-7.39	4.58	-0.33	-14.0	-56.6	-2.57	-10.4	10.6	-2.07	2.80	-12.7	-3.04	-9.98	-10.8	-2.77	8.06	-84.3	-59.3	2.80	5.89	-4.70	-10.6	-42.3	0.96	-12.9	-5.11	-6.78	13.2	60.7	-7.93	-5.88	-10.3	-39.4	-9.84	-2.83	-15.5	-19.9	-2.19	-16.4	-72.0	-9.66	-0.98	-6.31	-8.77	-3.96	-10.0	-4.05	-10.4	-16.9	-26.4	-3.92	-9.38	-7.12	-11.9	-6.87	-8.07	-7.25	-11.2	-8.64	-23.3	-6.32	-11.9
Financing	-0.32	0.12	-0.35	0.07	0.2	0.36	0.46	55.4	0.6	0.13	0.07	0.14	0.74	0.78	1.30	4.05	0.3	-0.25	0.26	3.43	28.0	68.9	3.76	-0.72	-0.23	0.03	0.65	-0.4	-0.27	0.11	0.07	0.09	2.03	-32.2	-0.01	-0.1	-0.42	-0.44	-0.05	-0.01	-10.3	-0.13	-6.41	-3.67	-0.41	0	-0.08	-5.72	-20.2	-3.41	-0.02	-0.05	-0.79	-1.54	-2.43	-8.27	-1.70	-0.86	-0.92	-1.03	-2.01	-19.1	-7.94	-7.24	-8.33	-4.01
Cash at period end	12.3	18.8	21.4	17.9	14.2	24.4	30.2	76.9	24.3	27.3	23.7	41.4	43.9	54.6	55.1	59.5	59.0	60.9	64.9	82.0	34.8	54.5	67.4	82.0	82.8	66.8	39.8	49.6	53.0	54.5	60.5	84.8	156	123	130	134	111	121	134	132	107	113	107	36.6	45.4	49.8	55.5	46.9	43.4	37.2	48.3	46.0	48.8	25.8	44.1	40.3	52.4	46.1	57.5	59.5	77.3	52.1	53.5	36.2	48.7	46.2

Profitability

Quarterly · %

Operating margin 9.9% Net margin 8.0%

Gross, operating and net margin = the respective profit ÷ revenue.

Show table：Profitability

Item	2009Q4	2010Q2	2010Q3	2010Q4	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Operating margin	8.9%	14.1%	10.2%	9.1%	13.8%	14.8%	13.1%	13.6%	9.9%	15.6%	14.1%	12.0%	10.7%	12.9%	11.5%	9.5%	8.6%	9.7%	10.7%	9.3%	10.2%	4.9%	8.0%	3.4%	4.6%	4.2%	2.2%	-2.1%	3.1%	5.4%	7.3%	2.0%	6.8%	7.5%	7.8%	4.7%	8.2%	3.6%	6.0%	5.3%	11.8%	7.1%	5.2%	1.8%	5.2%	5.3%	2.8%	-0.7%	6.2%	4.5%	3.5%	4.5%	4.2%	5.8%	6.9%	6.0%	7.8%	6.2%	8.9%	6.3%	6.0%	7.9%	9.9%	3.0%	9.3%	9.9%
Net margin	24.3%	8.1%	4.8%	6.8%	8.3%	8.7%	8.7%	8.2%	6.0%	9.4%	7.5%	6.5%	6.5%	7.6%	6.8%	4.8%	5.1%	5.6%	7.7%	5.8%	5.8%	2.8%	4.9%	3.2%	2.8%	2.6%	2.0%	-1.3%	2.1%	4.3%	4.6%	7.1%	43.5%	4.5%	5.1%	4.7%	9.2%	3.8%	5.9%	5.9%	11.5%	5.7%	4.3%	1.5%	3.6%	3.8%	2.3%	-0.6%	4.4%	4.7%	5.5%	3.6%	3.8%	6.0%	5.5%	6.5%	7.2%	5.8%	7.8%	6.6%	5.9%	7.2%	8.0%	3.2%	7.3%	8.0%

Returns & leverage

Quarterly · %

ROE 6.0% ROA 4.2%

ROE / ROA = trailing four-quarter net income ÷ average equity / total assets (annual mode: the year’s net income ÷ average of opening and closing). Not computed when the denominator is zero or negative.

Show table：Returns & leverage

Item	2009Q4	2010Q2	2010Q3	2010Q4	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
ROE	—	—	—	30.5%	—	8.8%	10.0%	7.8%	5.5%	7.9%	7.9%	6.0%	6.3%	6.2%	6.2%	6.0%	5.8%	5.7%	6.3%	6.5%	6.9%	4.8%	4.3%	3.9%	3.3%	2.6%	2.1%	1.3%	1.2%	1.5%	2.0%	3.4%	10.9%	10.9%	10.9%	10.4%	4.5%	4.4%	4.6%	4.8%	5.1%	5.4%	5.0%	4.2%	2.8%	2.4%	2.1%	1.7%	2.0%	2.1%	2.8%	3.6%	3.6%	3.9%	3.9%	4.5%	5.2%	5.2%	5.7%	5.7%	5.4%	5.8%	5.9%	5.1%	5.6%	6.0%
ROA	—	—	—	21.1%	—	6.1%	7.0%	5.9%	4.4%	6.0%	6.0%	4.7%	4.9%	4.7%	4.6%	4.3%	4.1%	3.9%	4.2%	4.4%	4.2%	3.4%	3.1%	2.7%	2.2%	2.0%	1.5%	1.0%	0.9%	1.1%	1.4%	2.5%	7.6%	8.1%	8.1%	7.5%	3.0%	3.2%	3.3%	3.4%	3.5%	3.8%	3.5%	2.9%	1.9%	1.7%	1.5%	1.2%	1.3%	1.5%	1.9%	2.5%	2.4%	2.6%	2.7%	3.0%	3.5%	3.6%	3.9%	4.0%	3.7%	4.1%	4.1%	3.6%	3.8%	4.2%

EPS

Quarterly · US$

EPS US$0.23

Show table：EPS

Item	2009Q4	2010Q2	2010Q3	2010Q4	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
EPS（US$）	0.64	0.06	0.04	0.05	0.07	0.08	0.08	0.07	0.05	0.09	0.07	0.07	0.07	0.09	0.08	0.06	0.07	0.08	0.12	0.09	0.10	0.05	0.08	0.05	0.05	0.04	0.04	-0.01	0.04	0.07	0.08	0.12	0.74	0.08	0.09	0.09	0.18	0.07	0.11	0.12	0.22	0.11	0.08	0.03	0.07	0.08	0.05	-0.02	0.09	0.10	0.12	0.08	0.09	0.13	0.13	0.15	0.17	0.14	0.19	0.16	0.14	0.18	0.20	0.09	0.20	0.23

Revenue & profit

Year-to-date · In mn (USD)

Revenue 165 mn Net income 12.6 mn

Year-to-date = summed from the first quarter of the fiscal year; balance-sheet items are period-end balances.

Balance sheet

Year-to-date · In mn (USD)

Total assets 522 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Cash flow

Year-to-date · In mn (USD)

Operating 40.6 mn Investing -18.2 mn Financing -12.3 mn

Positive = cash in, negative = cash out.

Profitability

Year-to-date · %

Operating margin 9.6% Net margin 7.6%

Gross, operating and net margin = the respective profit ÷ revenue.

Returns & leverage

Year-to-date · %

ROE 6.0% ROA 4.2%

EPS

Year-to-date · US$

EPS US$0.43

Revenue & profit

Annual · In mn (USD)

Revenue 304 mn Net income 18.3 mn

Annual = sum of four quarters of a complete fiscal year (incomplete years are omitted); balance-sheet items are year-end balances.

Show table：Income statement

Item	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Revenue	82.1	104	132	171	209	192	223	232	254	245	257	267	279	292	304
Operating income	11.3	13.5	14.7	16.4	13.6	5.57	9.80	15.5	14.7	15.8	8.06	12.4	16.0	21.3	20.2
Net income	6.94	7.65	8.42	10.4	8.62	3.76	10.0	32.2	15.8	14.1	5.85	12.1	15.2	20.0	18.3

Balance sheet

Annual · In mn (USD)

Total assets 520 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Show table：Balance sheet

Item	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Current assets	111	118	147	175	210	177	200	241	225	115	107	114	130	153	120
Total assets	154	175	213	257	380	396	411	442	490	500	487	498	500	511	520
Current liabilities	32.5	35.0	56.2	77.3	89.1	95.0	101	107	105	119	100	117	118	116	124
Equity	121	132	149	168	280	286	300	319	338	334	339	334	341	359	354

Cash flow

Annual · In mn (USD)

Operating 63.3 mn Investing -50.4 mn Financing -36.3 mn

Positive = cash in, negative = cash out.

Show table：Cash flow statement

Item	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Operating	19.8	22.5	26.3	34.3	34.9	24.2	46.7	43.3	65.7	35.9	42.4	51.2	64.0	57.7	63.3
Investing	-17.1	-59.0	-15.0	-15.5	-135	-56.7	-11.6	36.6	-67.5	-110	-25.7	-28.4	-56.6	-34.0	-50.4
Financing	56.4	0.93	6.88	3.74	100.0	0.05	0	-30.3	-0.92	-20.5	-6.21	-23.7	-13.0	-4.52	-36.3
Cash at period end	76.9	41.4	59.5	82.0	82.0	49.6	84.8	134	132	36.6	46.9	46.0	40.3	59.5	36.2

Profitability

Annual · %

Operating margin 6.7% Net margin 6.0%

Gross, operating and net margin = the respective profit ÷ revenue.

Show table：Profitability

Item	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Operating margin	13.8%	13.0%	11.1%	9.6%	6.5%	2.9%	4.4%	6.7%	5.8%	6.5%	3.1%	4.7%	5.7%	7.3%	6.7%
Net margin	8.5%	7.4%	6.4%	6.1%	4.1%	1.9%	4.5%	13.9%	6.2%	5.8%	2.3%	4.5%	5.5%	6.9%	6.0%

Returns & leverage

Annual · %

ROE 5.1% ROA 3.6%

Show table：Returns & leverage

Item	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
ROE	5.7%	6.0%	6.0%	6.5%	3.9%	1.3%	3.4%	10.4%	4.8%	4.2%	1.7%	3.6%	4.5%	5.7%	5.1%
ROA	4.5%	4.7%	4.3%	4.4%	2.7%	1.0%	2.5%	7.5%	3.4%	2.9%	1.2%	2.5%	3.0%	4.0%	3.6%

EPS

Annual · US$

EPS US$0.61

Show table：EPS

Item	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
EPS（US$）	0.30	0.28	0.30	0.36	0.28	0.12	0.31	1.00	0.48	0.44	0.18	0.39	0.50	0.66	0.61

Source: SEC EDGAR (XBRL company facts)

Annual reports by year

	10-K
2025	Open full text →
2024	Open full text →
2023	Open full text →

10-K: annual report of a US domestic issuer. Filings are the original documents hosted on SEC EDGAR — this site neither mirrors nor edits them.

FAQ

Where can I read HEALTHSTREAM INC (HSTM) annual reports?

Every year in the table above links straight to the full text on SEC EDGAR. US annual reports are web pages (HTML) rather than PDFs, so you can read and search them in the browser without downloading anything. 3 filings are currently indexed.

What is the difference between a 10-K and a 20-F?

A 10-K is the annual report of a US domestic issuer, with sections fixed by law: Item 1 Business, Item 1A Risk Factors, Item 7 Management's Discussion and Analysis. A 20-F is filed by foreign private issuers — Taiwanese companies with US ADRs, such as TSMC, file 20-F rather than 10-K. A 40-F applies to Canadian issuers under the MJDS.

Are earnings call materials available here?

No. Earnings calls are not SEC filings, so US pages on this site cover annual reports only. Taiwan has a mandatory investor-conference disclosure regime, and those materials are indexed under Annual Reports.

Source: US Securities and Exchange Commission (SEC) EDGAR. This site indexes public filings and links to them; it hosts no copies, offers no investment advice, and makes no warranty as to timeliness or completeness.
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