HSTM
HealthStream, Inc.23.91
-0.47-1.93%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A details legacy drag, AI confidence
Q&A largely reaffirms the prepared remarks' optimistic AI positioning and growth in core suites like CredentialStream and ShiftWizard, while adding color on legacy products now comprising ~10% of revenues and declining 27% in Q4, with no sunsetting planned yet. Management stayed non-specific on MissionCare margins, attributing gross margin compression to hosting investments rather than acquisitions. Interoperability shone through examples like a recruiting widget linking myClinicalExchange students to hospital managers. Sales stayed robust amid AI buzz—no hesitation reported. Investors will watch legacy conversions and AI roadmaps unfolding. Legacy runoff shrinks fast.
Key Stats
Market Cap
709.37MP/E (TTM)
35.16Basic EPS (TTM)
0.68Dividend Yield
0%Recent Filings
8-K
10-K
FY2025 results
HealthStream delivered FY2025 revenue of $304.1M, up 4% y/y, with subscription revenue rising 5% to $293.6M on growth in Competency Suite, CredentialStream, and ShiftWizard, though legacy products declined; Q4 momentum shone through acquisitions of Virsys12 (October) and MissionCare (December), adding provider data and caregiver network capabilities. Operating income dipped 5% to $20.2M amid higher costs, yet Adjusted EBITDA climbed 7% to $71.8M, reflecting efficiency. Strong cash flow funded $30M buybacks, $3.7M dividends (up to $0.035/share in 2026), and $57M liquidity with $50M revolver available. Healthcare reimbursement cuts threaten quarterly momentum.
8-K
Q4 record revenue, dividend up
HealthStream posted record Q4 revenue of $79.7M, up 7.4%, yet operating income fell 48.8% to $2.4M due to a $3.8M CEO stock gift to employees. Full-year revenue hit $304.1M, up 4.3%, with Adjusted EBITDA rising 7.5% to $71.8M; completed Virsys12 and MissionCare buys. Board hiked dividend to $0.035/share, payable March 20. Guides 2026 revenue $323M-$330M.
8-K
Acquires MissionCare for up to $40M
HealthStream acquired MissionCare Collective on December 15, 2025, adding the nation's largest caregiver network via myCNAjobs.com—over 5.2 million members strong—as its third Career Network. The deal totals up to $40 million: $26 million closing cash (subject to adjustments), $4 million in stock, and $10 million earnout over three years. Acquisition bolsters workforce solutions amid surging home care demand. Earnout hinges on targets.
8-K
CEO donates shares to employees
HealthStream CEO Robert A. Frist, Jr. donated 146,286 personally owned shares worth $3.5 million to fund immediate equity grants for over 700 long-tenured employees, excluding executives. He added 11,492 shares ($275,000) to cover admin and payroll taxes. No dilution for other shareholders. Q4 2025 hits: operating income down $3.8 million, EPS down $0.10. Employee ownership boosts engagement.
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