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Healthstream (HSTM) R&D spending by quarter

Healthstream's R&D spending was $13.5M in Q3 2026 (third quarter 2026), -0.4% from Q2 2026. Over the last 7 quarters it ranged from $12.0M (Q1 2025) to $14.8M (Q4 2025).

Healthstream R&D spending by quarterHealthstream R&D spending by quarter$12.0MQ1 2025$12.1MQ2 2025$12.1MQ3 2025$14.8MQ4 2025$13.6MQ1 2026$13.6MQ2 2026$13.5MQ3 2026
QuarterR&D spendingQ/QY/Y
Q3 2026$13.5M-0.4%+12%
Q2 2026$13.6M-0.2%+12%
Q1 2026$13.6M-8%+13%
Q4 2025$14.8M+22%—
Q3 2025$12.1M+0.3%—
Q2 2025$12.1M+0.2%—
Q1 2025$12.0M——

Q3 2026 at a glance

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.

Questions

What is Healthstream's R&D spending?

Healthstream's R&D spending was $13.5M in Q3 2026 (third quarter 2026), -0.4% from Q2 2026.

How has Healthstream's R&D spending changed?

Over the last 7 quarters it ranged from $12.0M (Q1 2025) to $14.8M (Q4 2025).

Q3 2026 results → · How Healthstream makes money →