# HEALTHSTREAM INC (HSTM) · Edgar & Edgarette company card

> Healthstream (HSTM) grew revenue 4.3% in FY2025 to $304 million, operating margin 6.7% against a 2.9% median for computer programming, data processing, etc., equity 68.0% of assets, and dividend per share up 3 years running. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1095565 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/HSTM) · [JSON](https://www.pops4.com/boards/company/HSTM.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $304M |
| Revenue growth, 1 year | 4.3% |
| Revenue growth per year | 4.3% |
| Operating margin | 6.7% (prior year 7.3%) |
| Net margin | 6.0% |
| Operating cash flow | $63M |
| Capital spending | $4M |
| Free cash flow | $60M |
| Cash | $36M |
| Long-term debt | — |
| Total assets | $520M |
| Total equity | $354M |
| Equity ÷ assets | 68.0% |
| Return on equity | 5.2% |
| Dividend per share | $0.124 |
| Dividend years rising | 3 |

## Readings, computed from those figures

- Altman Z: 3.21 (safe zone)
- Piotroski F: 6 of 9 (solid)
- Health Harbor boat: New ship · no warning signs
- Cash Compass: Cash cow now · steady, with strong cash arriving today

## Edgarette's reading

Exposure: revenue $304.1M (FY2025). Experience: revenue up 4.3% on the year, up 4.3% a year over 4 years; operating margin 6.7%, down from 7.3%. Soundness: equity 68.0% of assets, return on equity 5.2%, payout 20.3% of profit, dividend per share up 3 years running. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $276.1M and $349.9M next year (method v4.1: its own 4-year record of growth weighed at 50% against $100M–1B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $260.0M to $372.5M. A statistical range, not company guidance. Against peers (40 filers, $50M+ revenue, services-computer programming, data processing, etc.): operating margin 6.7% against a 2.9% median; growth 4.3% against 5.7%.

Range logged 2026-09-24, receipt 1a73a8a9a02bc53f, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 5.02 Director or officer change: 2, latest 2026-09-23 ([filing](https://www.sec.gov/Archives/edgar/data/1095565/000143774926031062/0001437749-26-031062-index.htm))

## Recent filings

- 8-K · filed 2026-11-02 · 2.02 Results of Operations and Financial Condition; 7.01 Regulation FD Disclosure; 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1095565/000143774926034455/0001437749-26-034455-index.htm)
- 8-K · filed 2026-09-23 · 5.02 Departure or Election of Directors; Appointment of Officers · [filing](https://www.sec.gov/Archives/edgar/data/1095565/000143774926031062/0001437749-26-031062-index.htm)
- 8-K · filed 2026-09-15 · 1.01 Entry into a Material Definitive Agreement; 3.02 Unregistered Sales of Equity Securities; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1095565/000143774926030399/0001437749-26-030399-index.htm)
- 8-K · filed 2026-09-14 · 1.01 Entry into a Material Definitive Agreement; 2.03 Creation of a Direct Financial Obligation; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1095565/000143774926030240/0001437749-26-030240-index.htm)
- 10-Q · filed 2026-08-06 · [filing](https://www.sec.gov/Archives/edgar/data/1095565/000143774926026301/0001437749-26-026301-index.htm)
- 8-K · filed 2026-08-03 · 2.02 Results of Operations and Financial Condition; 7.01 Regulation FD Disclosure; 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1095565/000143774926025455/0001437749-26-025455-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001095565.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1095565

## Cite

POPS4, Edgar & Edgarette: HEALTHSTREAM INC (HSTM) company card, from the company's own SEC filings, accessed 2026-11-04, https://www.pops4.com/boards/company/HSTM. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.