Filing Flows › Healthstream (HSTM) › Q2 2026
Healthstream (HSTM) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
Healthstream (HSTM) reported revenue of $83.7M for the second quarter 2026 (Q2 2026), +13% from a year earlier and +3% from the quarter before. Operating margin was 9.9%, net earnings $6.7M (8.0% of revenue).
Healthstream, Q2 2026: revenue $83.7M (+12% year over year), operating margin 9.9%, net earnings $6.7M, operating cash flow $13.4M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $83.7M | +3% | +13% |
| Operating profit | $8.3M | +11% | +41% |
| Net earnings | $6.7M | +13% | +24% |
| Operating cash flow | $13.4M | -51% | +167% |
| Free cash flow | $12.5M | -53% | +363% |
What changed
Revenue was $83.7M in Q2 2026, up 13% year over year and up 3% from the previous quarter. Subscription Services was the largest line at 96% of revenue. Subscription Services added $8.0M year over year (up 11%), 86% of the total change.
Operating profit was $8.3M, a 9.9% margin (up 2.0 points year over year). Of the extra revenue versus Q2 2025, 26% reached operating profit, above the 8% margin then. Total costs grew 10% against revenue growth of 13%. The fastest-growing cost line was Sales & marketing (+14%). Net earnings were $6.7M, up 24% year over year. The effective tax rate was 23.3%.
Operating cash flow was $13.4M (up 167% year over year), 201% of net earnings. Non-cash charges added back $11.3M of depreciation and amortization and $1.1M of share-based compensation. Working capital and other items used $5.6M. Capital expenditures of $910K left free cash flow of $12.5M.
Questions
What was Healthstream's revenue in the second quarter 2026?
Healthstream (HSTM) reported revenue of $83.7M for the second quarter 2026 (Q2 2026), +13% from a year earlier and +3% from the quarter before.
Was Healthstream profitable in the second quarter 2026?
Operating profit was $8.3M (9.9% of revenue) and net earnings $6.7M.
Source: Healthstream 10-Q on SEC EDGAR.