---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-014567"
form_type: "8-K"
ticker: "HSTM"
cik: "0001095565"
company_name: "HEALTHSTREAM INC"
filed_at: "2025-05-05T23:59:59+00:00"
generated_at: "2026-05-22T16:25:35.491275+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# HealthStream Q1 revenue up 1% to $73.5M; lowers FY2025 guidance on tech scaling, macro headwinds

## Summary
- Q1 EPS $0.14 (diluted), down from $0.17; net income $4.3M, down 17.1% YoY.
- Adjusted EBITDA $16.2M, down 5%; operating income $4.4M, down 23.1%.
- FY2025 revenue guidance trimmed to $297.5-303.5M (prior $302-307M); Adjusted EBITDA to $68.5-72.5M (prior $70-74M).
- Quarterly dividend declared: $0.031/share, payable May 30 to holders of record May 19.
- Charles E. Beard, Jr. appointed to Board; CEO cites CredentialStream scaling issues and macro conditions for guidance cut.

## SEC filing metadata
- accession: 0001437749-25-014567
- form_type: 8-K
- ticker: HSTM
- cik: 0001095565
- company_name: HEALTHSTREAM INC
- filed_at: 2025-05-05T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1095565/000143774925014567/0001437749-25-014567-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1095565/000143774925014567/hstm20250107_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-014567
- JSON: https://secwatch.observer/filing/0001437749-25-014567.json
- Plain text: https://secwatch.observer/filing/0001437749-25-014567.txt

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