Filing Flows › Healthstream (HSTM) › Q3 2026
Healthstream (HSTM) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
Healthstream (HSTM) reported revenue of $83.3M for the third quarter 2026 (Q3 2026), +9% from a year earlier and -0.5% from the quarter before. Operating margin was 7.9%, net earnings $5.4M (6.4% of revenue).
Healthstream, Q3 2026: revenue $83.3M (+9% year over year), operating margin 7.9%, net earnings $5.4M, operating cash flow $17.4M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $83.3M | -0.5% | +9% |
| Operating profit | $6.6M | -21% | -13% |
| Net earnings | $5.4M | -19% | -12% |
| Operating cash flow | $17.4M | +29% | -4% |
| Free cash flow | $17.1M | +36% | -5% |
What changed
Revenue was $83.3M in Q3 2026, up 9% year over year and down 1% from the previous quarter. Subscription Services was the largest line at 96% of revenue. Subscription Services added $6.2M year over year (up 8%), 90% of the total change.
Operating profit was $6.6M, a 7.9% margin (down 2.0 points year over year). Operating profit fell $1.0M even though revenue rose $6.8M versus Q3 2025, so costs grew faster than sales. Total costs grew 11% against revenue growth of 9%. The fastest-growing cost line was Cost of revenue (+13%). Net earnings were $5.4M, down 12% year over year. The effective tax rate was 24.0%.
Operating cash flow was $17.4M (down 4% year over year), 324% of net earnings. Non-cash charges added back $11.3M of depreciation and amortization and $1.2M of share-based compensation. Capital expenditures of $330K left free cash flow of $17.1M.
Questions
What was Healthstream's revenue in the third quarter 2026?
Healthstream (HSTM) reported revenue of $83.3M for the third quarter 2026 (Q3 2026), +9% from a year earlier and -0.5% from the quarter before.
Was Healthstream profitable in the third quarter 2026?
Operating profit was $6.6M (7.9% of revenue) and net earnings $5.4M.
Source: Healthstream 10-Q on SEC EDGAR.