Filing Flows › Healthstream (HSTM) › Q1 2025
Healthstream (HSTM) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 9, 2025
Healthstream (HSTM) reported revenue of $73.5M for the first quarter 2025 (Q1 2025), +1% from a year earlier and -1% from the quarter before. Operating margin was 6.0%, net earnings $4.3M (5.9% of revenue).
Healthstream, Q1 2025: revenue $73.5M (+1% year over year), operating margin 6.0%, net earnings $4.3M, operating cash flow $27.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $73.5M | -1% | +1% |
| Operating profit | $4.4M | -7% | -23% |
| Net earnings | $4.3M | -11% | -17% |
| Operating cash flow | $27.1M | +143% | +29% |
| Free cash flow | $26.0M | +137% | +29% |
What changed
Revenue was $73.5M in Q1 2025, up 1% year over year and down 1% from the previous quarter. Subscription Services was the largest line at 96% of revenue. Subscription Services added $584K year over year (up 1%), 81% of the total change.
Operating profit was $4.4M, a 6.0% margin (down 1.9 points year over year). Operating profit fell $1.3M even though revenue rose $725K versus a year earlier, so costs grew faster than sales. Total costs grew 3% against revenue growth of 1%. Net earnings were $4.3M, down 17% year over year. The effective tax rate was 17.5%.
Operating cash flow was $27.1M (up 29% year over year), 625% of net earnings. Non-cash charges added back $10.8M of depreciation and amortization and $1.1M of share-based compensation. Working capital and other items added $10.9M. Capital expenditures of $1.1M left free cash flow of $26.0M.
Questions
What was Healthstream's revenue in the first quarter 2025?
Healthstream (HSTM) reported revenue of $73.5M for the first quarter 2025 (Q1 2025), +1% from a year earlier and -1% from the quarter before.
Was Healthstream profitable in the first quarter 2025?
Operating profit was $4.4M (6.0% of revenue) and net earnings $4.3M.
Source: Healthstream 10-Q on SEC EDGAR.