Filing Flows › Healthstream (HSTM) › How it makes money
How Healthstream (HSTM) makes money
Healthstream (HSTM) made $83.3M of revenue in the third quarter 2026 (Q3 2026), +9% from a year earlier. Subscription Services brought in $80.0M (96%); Professional Services brought in $3.3M (4%). Of every dollar of revenue, 8¢ was left as operating profit, 6¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Subscription Services | $80.0M | 96.1% | +0.1% | +8% |
| Professional Services | $3.3M | 3.9% | -13% | +26% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $83.3M | 100.0% |
| Operating profit | $6.6M | 7.9% |
| Income tax | $1.7M | 2.0% |
| Net earnings | $5.4M | 6.4% |
| Operating cash flow | $17.4M | 20.9% |
| Free cash flow | $17.1M | 20.5% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $83.3M | +9% |
| Q2 2026 | $83.7M | +12% |
| Q1 2026 | $81.2M | +10% |
| Q4 2025 | $79.7M | +7% |
| Q3 2025 | $76.5M | +5% |
| Q2 2025 | $74.4M | +4% |
| Q1 2025 | $73.5M | +1% |
From Healthstream's 10-Q filed Nov 5, 2026 (on EDGAR).
Questions
How does Healthstream make money?
Healthstream (HSTM) made $83.3M of revenue in the third quarter 2026 (Q3 2026), +9% from a year earlier. Subscription Services brought in $80.0M (96%); Professional Services brought in $3.3M (4%). Of every dollar of revenue, 8¢ was left as operating profit, 6¢ was left as net earnings.
What is Healthstream's biggest business?
Subscription Services: $80.0M in the third quarter 2026, 96% of revenue, +8% from a year earlier.
What is Healthstream's profit margin?
Net earnings were $5.4M, 6.4% of revenue, in the third quarter 2026; the operating margin was 7.9%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.