HealthStream (HSTM) Balance Sheet: Assets & Liabilities

HealthStream (HSTM) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), HealthStream reported total assets of $520.37M and total liabilities of $166.35M. Shareholders' equity was $354.02M, down 1.5% from $359.36M a year earlier. Total debt stood at $14.68M against $57.00M in cash and short-term investments, a net cash position of $42.32M. That puts debt-to-equity at 0.04, compared with 0.06 a year earlier.

HealthStream Balance Sheet Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for HealthStream, Inc. (HSTM) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Current Assets
Cash and Cash Equivalents	36.16	59.47	40.33	46.02	46.91	36.57	131.54	134.32	84.77
Short-Term Investments	20.84	37.75	30.80	7.89	5.04	9.93	41.33	34.50	46.35
Cash & Short-Term Investments	57.00	97.22	71.13	53.91	51.95	46.49	172.87	168.82	131.12
Accounts Receivable	39.00	35.32	34.35	36.73	34.92	46.10	30.38	41.00	38.02
Inventory	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Current Assets	23.65	20.58	3.03	2.65	19.98	22.13	21.33	31.61	30.59
Total Current Assets	119.66	153.12	130.21	114.38	106.85	114.73	224.57	241.43	199.73
Non-Current Assets
Property, Plant & Equipment (Net)	25.93	28.19	33.12	38.24	43.12	50.30	55.68	14.08	8.99
Long-Term Investments	1.50	1.50	4.13	4.52	7.04	6.85	6.78	3.38	3.77
Goodwill	217.52	191.22	191.38	192.40	182.50	178.44	162.28	145.52	179.11
Intangible Assets	110.51	98.92	108.67	118.67	121.62	127.35	21.45	18.35	18.70
Other Non-Current Assets	46.76	37.81	36.56	1.19	25.63	22.66	18.52	17.25	4.54
Total Non-Current Assets	400.72	357.64	369.73	383.36	379.91	385.59	264.97	198.73	211.35
Total Assets	520.37	510.77	499.94	497.74	486.75	500.31	489.54	440.17	411.07
Current Liabilities
Accounts Payable	7.77	6.63	7.47	7.29	5.13	9.33	4.81	8.50	4.18
Short-Term Debt	0.00	2.80	0.00	0.00	2.93	3.39	0.00	0.00	0.00
Accrued Liabilities	27.96	24.84	17.78	30.46	21.41	-	-	-	-
Deferred Revenue	88.42	0.00	83.62	79.47	0.00	0.00	65.51	66.06	68.95
Other Current Liabilities	27.96	106.26	27.27	30.46	92.30	106.72	34.86	32.30	96.89
Total Current Liabilities	124.15	115.69	118.36	117.21	100.35	119.44	105.19	105.07	101.07
Non-Current Liabilities
Long-Term Debt	14.68	17.37	20.25	23.32	26.18	28.48	30.73	0.00	0.00
Deferred Tax Liabilities	18.25	0.00	16.13	18.00	0.00	0.00	13.18	11.07	1.93
Other Non-Current Liabilities	27.52	18.35	2.28	2.21	21.21	18.33	0.36	2.21	7.91
Total Non-Current Liabilities	42.21	35.72	40.83	46.46	47.38	46.81	46.19	16.15	9.84
Total Liabilities	166.35	151.41	159.19	163.68	147.73	166.25	151.38	121.22	110.90
Stockholders' Equity
Common Stock	231.80	252.43	249.08	254.83	270.79	271.78	290.02	286.60	282.67
Retained Earnings	123.59	108.97	92.37	80.21	68.12	62.28	48.14	32.37	17.54
Accumulated Other Comprehensive Income	-1.36	-2.05	-0.69	-0.98	0.11	0.00	0.00	-0.02	-0.04
Additional Paid-in Capital	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Shares Outstanding	29.58	30.43	30.30	30.58	31.33	-	-	-	-
Total Stockholders' Equity	354.02	359.36	340.75	334.06	339.02	334.06	338.17	318.95	300.17
Total Liabilities & Equity	520.37	510.77	499.94	497.74	486.75	500.31	489.54	440.17	411.07

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About HealthStream Balance Sheet

How much debt does HealthStream have?

HealthStream had total debt of $14.68M as of Dec 31, 2025, against $57.00M in cash and short-term investments. Its debt-to-equity ratio was 0.04. Total debt was $20.17M a year earlier.

What are HealthStream's total assets?

HealthStream reported total assets of $520.37M as of Dec 31, 2025, up 1.9% from $510.77M a year earlier. Total liabilities were $166.35M.

What is HealthStream's shareholders' equity?

HealthStream's shareholders' equity was $354.02M as of Dec 31, 2025, or about $11.97 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition