---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-010925"
form_type: "8-K"
ticker: "HSTM"
cik: "0001095565"
company_name: "HEALTHSTREAM INC"
filed_at: "2023-04-24T23:59:59+00:00"
generated_at: "2026-06-16T18:21:56.284118+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# HealthStream Q1 revenue up 5% to $68.9M; EPS $0.09; reaffirms FY23 guidance

## Summary
- Revenue $68.9M (+5% YoY); subscription revenue up 6% to partially offset professional services decline.
- Operating income $2.9M (-28% YoY) hurt by $1.0M severance from restructuring and consolidation of 33 roles.
- Net income $2.6M (-9% YoY); diluted EPS $0.09, same as prior year, with $0.03 EPS impact from severance.
- Adjusted EBITDA $13.7M (-2% YoY); FY23 guidance: revenue $277.5-$283M, adj. EBITDA $57.5-$60.5M.
- Board declares $0.025/share quarterly dividend payable June 23 to holders of record June 12.

## SEC filing metadata
- accession: 0001437749-23-010925
- form_type: 8-K
- ticker: HSTM
- cik: 0001095565
- company_name: HEALTHSTREAM INC
- filed_at: 2023-04-24T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1095565/000143774923010925/0001437749-23-010925-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1095565/000143774923010925/hstm20230206_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-010925
- JSON: https://secwatch.observer/filing/0001437749-23-010925.json
- Plain text: https://secwatch.observer/filing/0001437749-23-010925.txt

## Key facts
- Earnings Releases
  HEALTHSTREAM INC reported the first quarter ended March 31, 2023 results: revenue $68.9 million, net income $2.6 million, EPS $0.09 per share (diluted). Guidance reaffirmed.
  - Period: the first quarter ended March 31, 2023
  - Revenue: $68.9 million
  - Net income: $2.6 million
  - EPS: $0.09 per share (diluted)
  - Guidance: reaffirmed
  - Result: reported results
  source text: NASHVILLE, Tenn. (April 24, 2023) —HealthStream, Inc. (the "Company") (Nasdaq: HSTM), a leading healthcare technology platform for workforce solutions, announced today results for the first quarter ended March 31, 2023 . First Quarter 2023 • Revenues of $68.9 million in the first quarter of 2023 , up 5% from $65.4 million in the first quarter of 2022 • Operating income of $2.9 million in the first quarter of 2023 , down 28% from $4.0 million in the first quarter of 2022 , which comparison was negatively impacted by a $1.0 million severance charge in the first quarter of 2023 associated with the restructuring of HealthStream's business under a single platform strategy, as further discussed below • Net income of $2.6 million in the first quarter of 2023 , down 9% from $2.9 million in the first quarter of 2022 , which comparison was negatively impacted in the amount of $0.8 million by the severance charge in the first quarter of 2023 associated with HealthStream's restructuring referenced
  evidence_url: https://www.sec.gov/Archives/edgar/data/1095565/000143774923010925/0001437749-23-010925-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.