HEALTHSTREAM INC
For the period ended Mar 31, 2025. Filed May 9, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 9, 2025
HSTM$28.85-0.1%Stored close · as of Nov 9, 2026
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Item 1. *Financial Statements*
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)
| March 31, | December 31, | |
|---|---|---|
| 2025 | 2024 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $77,289 | $59,469 |
| Marketable securities | 36,030 | 37,748 |
| Accounts receivable, net | 30,849 | 30,189 |
| Accounts receivable - unbilled | 5,238 | 5,133 |
| Prepaid and other current assets | 20,312 | 20,583 |
| Total current assets | 169,718 | 153,122 |
| Property and equipment, net | 10,696 | 10,741 |
| Capitalized software development, net | 44,042 | 43,370 |
| Operating lease right of use assets, net | 16,846 | 17,453 |
| Goodwill | 191,245 | 191,220 |
| Intangibles, net | 52,116 | 55,548 |
| Other assets | 39,373 | 39,312 |
| Total assets | $524,036 | $510,766 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $3,177 | $6,628 |
| Accrued royalties | 5,615 | 5,190 |
| Accrued liabilities | 10,355 | 10,141 |
| Accrued compensation | 4,705 | 9,507 |
| Deferred revenue | 102,009 | 84,227 |
| Total current liabilities | 125,861 | 115,693 |
| Deferred tax liabilities | 15,352 | 14,596 |
| Deferred revenue, noncurrent | 1,330 | 1,655 |
| Operating lease liability, noncurrent | 16,640 | 17,366 |
| Other long-term liabilities | 2,045 | 2,101 |
| Commitments and contingencies | ||
| Shareholders’ equity: | ||
| Preferred Stock, no par value, 10,000 shares authorized, no shares issued or outstanding | — | — |
| Common stock, no par value, 75,000 shares authorized; 30,525 and 30,432 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively | 252,466 | 252,432 |
| Retained earnings | 112,361 | 108,972 |
| Accumulated other comprehensive loss | (2,019) | (2,049) |
| Total shareholders’ equity | 362,808 | 359,355 |
| Total liabilities and shareholders’ equity | $524,036 | $510,766 |
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