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Side-by-side financial comparison of HEALTHSTREAM INC (HSTM) and Inspirato Inc (ISPO). Click either name above to swap in a different company.
HEALTHSTREAM INC is the larger business by last-quarter revenue ($79.7M vs $55.5M, roughly 1.4× Inspirato Inc). On growth, HEALTHSTREAM INC posted the faster year-over-year revenue change (7.4% vs -19.6%). HEALTHSTREAM INC produced more free cash flow last quarter ($13.0M vs $-3.0M). Over the past eight quarters, HEALTHSTREAM INC's revenue compounded faster (4.7% CAGR vs -11.4%).
HealthStream Inc is a leading U.S.-based provider of workforce development, compliance, and training solutions tailored for the healthcare industry. It offers cloud-based platforms covering clinical skill training, talent management, patient safety education, and regulatory adherence tools, serving over 4,000 healthcare organizations including hospitals, clinics, and long-term care facilities nationwide.
Inspirato Inc is a luxury travel and hospitality subscription service provider catering primarily to high-net-worth consumers across North America. It offers curated premium villa rentals, exclusive resort access, customized trip planning, and corporate travel incentive solutions for enterprise clients.
HSTM vs ISPO — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $79.7M | $55.5M |
| Net Profit | — | $-4.5M |
| Gross Margin | — | 31.4% |
| Operating Margin | 3.0% | -8.0% |
| Net Margin | — | -8.1% |
| Revenue YoY | 7.4% | -19.6% |
| Net Profit YoY | — | -204.4% |
| EPS (diluted) | $0.09 | $-0.36 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $79.7M | — | ||
| Q3 25 | $76.5M | $55.5M | ||
| Q2 25 | $74.4M | $63.1M | ||
| Q1 25 | $73.5M | $65.9M | ||
| Q4 24 | $74.2M | $63.1M | ||
| Q3 24 | $73.1M | $69.1M | ||
| Q2 24 | $71.6M | $67.4M | ||
| Q1 24 | $72.8M | $80.2M |
| Q4 25 | — | — | ||
| Q3 25 | $6.1M | $-4.5M | ||
| Q2 25 | $5.4M | $-5.3M | ||
| Q1 25 | $4.3M | $1.6M | ||
| Q4 24 | — | $-2.3M | ||
| Q3 24 | $5.7M | $4.3M | ||
| Q2 24 | $4.2M | $-8.7M | ||
| Q1 24 | $5.2M | $1.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | 31.4% | ||
| Q2 25 | — | 27.5% | ||
| Q1 25 | — | 38.8% | ||
| Q4 24 | — | 34.7% | ||
| Q3 24 | — | 71.5% | ||
| Q2 24 | — | 24.0% | ||
| Q1 24 | — | 39.5% |
| Q4 25 | 3.0% | — | ||
| Q3 25 | 9.9% | -8.0% | ||
| Q2 25 | 7.9% | -8.3% | ||
| Q1 25 | 6.0% | 2.5% | ||
| Q4 24 | 6.3% | -3.2% | ||
| Q3 24 | 8.9% | 9.8% | ||
| Q2 24 | 6.2% | -22.8% | ||
| Q1 24 | 7.8% | 3.0% |
| Q4 25 | — | — | ||
| Q3 25 | 8.0% | -8.1% | ||
| Q2 25 | 7.2% | -8.4% | ||
| Q1 25 | 5.9% | 2.5% | ||
| Q4 24 | — | -3.6% | ||
| Q3 24 | 7.8% | 6.3% | ||
| Q2 24 | 5.8% | -12.9% | ||
| Q1 24 | 7.2% | 1.6% |
| Q4 25 | $0.09 | — | ||
| Q3 25 | $0.20 | $-0.36 | ||
| Q2 25 | $0.18 | $-0.42 | ||
| Q1 25 | $0.14 | $0.12 | ||
| Q4 24 | $0.16 | $0.98 | ||
| Q3 24 | $0.19 | $0.62 | ||
| Q2 24 | $0.14 | $-2.33 | ||
| Q1 24 | $0.17 | $-0.18 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $36.2M | $13.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $354.0M | $-134.0M |
| Total Assets | $520.4M | $228.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $36.2M | — | ||
| Q3 25 | $53.5M | $13.7M | ||
| Q2 25 | $52.1M | $16.7M | ||
| Q1 25 | $77.3M | $16.4M | ||
| Q4 24 | $59.5M | $21.8M | ||
| Q3 24 | $57.5M | $13.5M | ||
| Q2 24 | $46.1M | $18.8M | ||
| Q1 24 | $52.4M | $22.6M |
| Q4 25 | $354.0M | — | ||
| Q3 25 | $349.2M | $-134.0M | ||
| Q2 25 | $350.6M | $-129.7M | ||
| Q1 25 | $362.8M | $-125.2M | ||
| Q4 24 | $359.4M | $-129.9M | ||
| Q3 24 | $355.5M | $-134.6M | ||
| Q2 24 | $349.2M | $-35.2M | ||
| Q1 24 | $344.9M | $-27.5M |
| Q4 25 | $520.4M | — | ||
| Q3 25 | $499.9M | $228.3M | ||
| Q2 25 | $500.1M | $252.6M | ||
| Q1 25 | $524.0M | $270.1M | ||
| Q4 24 | $510.8M | $273.9M | ||
| Q3 24 | $502.8M | $273.3M | ||
| Q2 24 | $499.6M | $301.7M | ||
| Q1 24 | $511.6M | $313.0M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $13.2M | $-2.2M |
| Free Cash FlowOCF − Capex | $13.0M | $-3.0M |
| FCF MarginFCF / Revenue | 16.3% | -5.4% |
| Capex IntensityCapex / Revenue | 0.3% | 1.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $59.6M | $-31.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.2M | — | ||
| Q3 25 | $18.0M | $-2.2M | ||
| Q2 25 | $5.0M | $1.1M | ||
| Q1 25 | $27.1M | $-6.6M | ||
| Q4 24 | $11.2M | $-15.8M | ||
| Q3 24 | $19.1M | $-13.7M | ||
| Q2 24 | $6.5M | $-1.8M | ||
| Q1 24 | $20.9M | $-7.2M |
| Q4 25 | $13.0M | — | ||
| Q3 25 | $17.9M | $-3.0M | ||
| Q2 25 | $2.7M | $468.0K | ||
| Q1 25 | $26.0M | $-7.5M | ||
| Q4 24 | $11.0M | $-21.2M | ||
| Q3 24 | $18.8M | $-14.8M | ||
| Q2 24 | $6.3M | $-3.7M | ||
| Q1 24 | $20.2M | $-8.5M |
| Q4 25 | 16.3% | — | ||
| Q3 25 | 23.4% | -5.4% | ||
| Q2 25 | 3.6% | 0.7% | ||
| Q1 25 | 35.4% | -11.4% | ||
| Q4 24 | 14.8% | -33.7% | ||
| Q3 24 | 25.8% | -21.5% | ||
| Q2 24 | 8.8% | -5.5% | ||
| Q1 24 | 27.8% | -10.6% |
| Q4 25 | 0.3% | — | ||
| Q3 25 | 0.1% | 1.4% | ||
| Q2 25 | 3.1% | 1.0% | ||
| Q1 25 | 1.4% | 1.3% | ||
| Q4 24 | 0.3% | 8.7% | ||
| Q3 24 | 0.4% | 1.6% | ||
| Q2 24 | 0.2% | 2.8% | ||
| Q1 24 | 1.0% | 1.6% |
| Q4 25 | — | — | ||
| Q3 25 | 2.96× | — | ||
| Q2 25 | 0.93× | — | ||
| Q1 25 | 6.25× | -4.09× | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.34× | -3.16× | ||
| Q2 24 | 1.55× | — | ||
| Q1 24 | 4.01× | -5.70× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HSTM
| Subscription Services | $77.0M | 97% |
| Professional Services | $2.7M | 3% |
ISPO
| Residence And Hotel Travel | $25.9M | 47% |
| Subscription | $19.4M | 35% |
| Experiences And Bespoke Travel | $8.0M | 14% |
| Rewards And Other Revenue | $2.3M | 4% |
