HealthStream Announces Second Quarter 2025 Results

About this update from Healthstream, Inc.

[{"type":"text","content":" NASHVILLE, Tenn.--(BUSINESS WIRE)--\nHealthStream, Inc. (the \"Company\") (Nasdaq: HSTM), a leading healthcare technology platform company for workforce solutions, announced today results for the second quarter ended June 30, 2025.\n\n\nSecond Quarter 2025\n\n\n\nRevenues of $74.4 million in the second quarter of 2025, up 4.0% from $71.6 million in the second quarter of 2024, setting a new Company record for quarterly revenue\n\n\n\nOperating income of $5.9 million in the second quarter of 2025, up 33.4% from $4.4 million in the second quarter of 2024\n\n\n\nNet income of $5.4 million in the second quarter of 2025, up 29.3% from $4.2 million in the second quarter of 2024\n\n\n\nEarnings per share (EPS) of $0.18 per share (diluted) in the second quarter of 2025, up from $0.14 per share (diluted) in the second quarter of 2024\n\n\n\nAdjusted EBITDA1 of $17.6 million in the second quarter of 2025, up 11.3% from $15.8 million in the second quarter of 2024\n\n\n\nBoard of Directors authorized a share repurchase program on May 8, 2025 to repurchase up to $25.0 million of outstanding shares of common stock, with $18.1 million repurchased during the second quarter\n\n\n\nBoard of Directors declared a quarterly cash dividend of $0.031 per share, payable on August 29, 2025 to holders of record on August 18, 2025\n\n\n\n\n\n1 Adjusted EBITDA is a non-GAAP financial measure. A reconciliation of adjusted EBITDA to net income and disclosure regarding why we believe adjusted EBITDA provides useful information to investors is included later in this release.\n\n\n\n\n\n\n\nFinancial Results:\n\n\nSecond Quarter 2025 Compared to Second Quarter 2024\n\n\nRevenues for the second quarter of 2025 increased by $2.8 million, or 4.0%, to $74.4 million, compared to $71.6 million for the second quarter of 2024. Subscription revenues increased by $2.9 million, or 4.2%, and professional services revenues decreased by $0.1 million compared to the second quarter of 2024.\n\n\nOperating income was $5.9 million for the second quarter of 2025, up 33.4% from $4.4 million in the second quarter of 2024. The improvement in operating income was primarily attributable to increased revenues, sublease income associated with the sublease that commenced during the second quarter of 2025, and lower bad debt expense. These improvements were partially offset by higher expen...

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