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Side-by-side financial comparison of HEALTHSTREAM INC (HSTM) and Katapult Holdings, Inc. (KPLT). Click either name above to swap in a different company.
HEALTHSTREAM INC is the larger business by last-quarter revenue ($79.7M vs $73.9M, roughly 1.1× Katapult Holdings, Inc.). On growth, Katapult Holdings, Inc. posted the faster year-over-year revenue change (17.3% vs 7.4%). HEALTHSTREAM INC produced more free cash flow last quarter ($13.0M vs $-12.0M). Over the past eight quarters, Katapult Holdings, Inc.'s revenue compounded faster (6.6% CAGR vs 4.7%).
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.
Katapult Holdings, Inc. is a U.S.-based fintech company that provides accessible point-of-sale lease-to-purchase solutions for consumers with limited or no traditional credit history. It partners with a wide network of e-commerce platforms and brick-and-mortar retail merchants across segments including electronics, furniture and home goods to offer flexible payment plans for customers to obtain needed products.
HSTM vs KPLT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $79.7M | $73.9M |
| Net Profit | — | $19.8M |
| Gross Margin | — | 15.6% |
| Operating Margin | 3.0% | -1.4% |
| Net Margin | — | 26.8% |
| Revenue YoY | 7.4% | 17.3% |
| Net Profit YoY | — | 307.3% |
| EPS (diluted) | $0.09 | $3.69 |
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 | $73.9M | ||
| Q3 25 | $76.5M | $74.0M | ||
| Q2 25 | $74.4M | $71.9M | ||
| Q1 25 | $73.5M | $71.9M | ||
| Q4 24 | $74.2M | $63.0M | ||
| Q3 24 | $73.1M | $60.3M | ||
| Q2 24 | $71.6M | $58.9M | ||
| Q1 24 | $72.8M | $65.1M |
| Q4 25 | — | $19.8M | ||
| Q3 25 | $6.1M | $-4.9M | ||
| Q2 25 | $5.4M | $-7.8M | ||
| Q1 25 | $4.3M | $-5.7M | ||
| Q4 24 | — | $-9.6M | ||
| Q3 24 | $5.7M | $-8.9M | ||
| Q2 24 | $4.2M | $-6.9M | ||
| Q1 24 | $5.2M | $-570.0K |
| Q4 25 | — | 15.6% | ||
| Q3 25 | — | 19.7% | ||
| Q2 25 | — | 15.5% | ||
| Q1 25 | — | 19.9% | ||
| Q4 24 | — | 11.8% | ||
| Q3 24 | — | 19.8% | ||
| Q2 24 | — | 16.9% | ||
| Q1 24 | — | 25.3% |
| Q4 25 | 3.0% | -1.4% | ||
| Q3 25 | 9.9% | 3.3% | ||
| Q2 25 | 7.9% | -2.0% | ||
| Q1 25 | 6.0% | -0.7% | ||
| Q4 24 | 6.3% | -7.7% | ||
| Q3 24 | 8.9% | -7.4% | ||
| Q2 24 | 6.2% | -4.5% | ||
| Q1 24 | 7.8% | 5.8% |
| Q4 25 | — | 26.8% | ||
| Q3 25 | 8.0% | -6.7% | ||
| Q2 25 | 7.2% | -10.9% | ||
| Q1 25 | 5.9% | -7.9% | ||
| Q4 24 | — | -15.2% | ||
| Q3 24 | 7.8% | -14.7% | ||
| Q2 24 | 5.8% | -11.7% | ||
| Q1 24 | 7.2% | -0.9% |
| Q4 25 | $0.09 | $3.69 | ||
| Q3 25 | $0.20 | $-0.94 | ||
| Q2 25 | $0.18 | $-1.63 | ||
| Q1 25 | $0.14 | $-1.23 | ||
| Q4 24 | $0.16 | $-2.17 | ||
| Q3 24 | $0.19 | $-2.05 | ||
| Q2 24 | $0.14 | $-1.61 | ||
| Q1 24 | $0.17 | $-0.13 |
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 | $22.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $354.0M | $-38.1M |
| Total Assets | $520.4M | $107.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $36.2M | $22.4M | ||
| Q3 25 | $53.5M | $3.4M | ||
| Q2 25 | $52.1M | $3.7M | ||
| Q1 25 | $77.3M | $6.0M | ||
| Q4 24 | $59.5M | $3.5M | ||
| Q3 24 | $57.5M | $25.9M | ||
| Q2 24 | $46.1M | $33.7M | ||
| Q1 24 | $52.4M | $31.2M |
| Q4 25 | $354.0M | $-38.1M | ||
| Q3 25 | $349.2M | $-58.4M | ||
| Q2 25 | $350.6M | $-54.1M | ||
| Q1 25 | $362.8M | $-51.7M | ||
| Q4 24 | $359.4M | $-46.8M | ||
| Q3 24 | $355.5M | $-40.3M | ||
| Q2 24 | $349.2M | $-32.9M | ||
| Q1 24 | $344.9M | $-27.5M |
| Q4 25 | $520.4M | $107.9M | ||
| Q3 25 | $499.9M | $85.9M | ||
| Q2 25 | $500.1M | $90.6M | ||
| Q1 25 | $524.0M | $88.5M | ||
| Q4 24 | $510.8M | $93.2M | ||
| Q3 24 | $502.8M | $92.0M | ||
| Q2 24 | $499.6M | $106.6M | ||
| Q1 24 | $511.6M | $106.6M |
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 | $-11.9M |
| Free Cash FlowOCF − Capex | $13.0M | $-12.0M |
| FCF MarginFCF / Revenue | 16.3% | -16.2% |
| Capex IntensityCapex / Revenue | 0.3% | 0.0% |
| Cash ConversionOCF / Net Profit | — | -0.60× |
| TTM Free Cash FlowTrailing 4 quarters | $59.6M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.2M | $-11.9M | ||
| Q3 25 | $18.0M | $4.0M | ||
| Q2 25 | $5.0M | $-6.6M | ||
| Q1 25 | $27.1M | $3.4M | ||
| Q4 24 | $11.2M | $-32.6M | ||
| Q3 24 | $19.1M | $-5.4M | ||
| Q2 24 | $6.5M | $-628.0K | ||
| Q1 24 | $20.9M | $2.0M |
| Q4 25 | $13.0M | $-12.0M | ||
| Q3 25 | $17.9M | $4.0M | ||
| Q2 25 | $2.7M | — | ||
| Q1 25 | $26.0M | $3.4M | ||
| Q4 24 | $11.0M | $-32.6M | ||
| Q3 24 | $18.8M | $-5.4M | ||
| Q2 24 | $6.3M | $-653.0K | ||
| Q1 24 | $20.2M | — |
| Q4 25 | 16.3% | -16.2% | ||
| Q3 25 | 23.4% | 5.4% | ||
| Q2 25 | 3.6% | — | ||
| Q1 25 | 35.4% | 4.7% | ||
| Q4 24 | 14.8% | -51.8% | ||
| Q3 24 | 25.8% | -9.0% | ||
| Q2 24 | 8.8% | -1.1% | ||
| Q1 24 | 27.8% | — |
| Q4 25 | 0.3% | 0.0% | ||
| Q3 25 | 0.1% | 0.0% | ||
| Q2 25 | 3.1% | 0.0% | ||
| Q1 25 | 1.4% | 0.0% | ||
| Q4 24 | 0.3% | 0.1% | ||
| Q3 24 | 0.4% | 0.0% | ||
| Q2 24 | 0.2% | 0.0% | ||
| Q1 24 | 1.0% | 0.0% |
| Q4 25 | — | -0.60× | ||
| Q3 25 | 2.96× | — | ||
| Q2 25 | 0.93× | — | ||
| Q1 25 | 6.25× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.34× | — | ||
| Q2 24 | 1.55× | — | ||
| Q1 24 | 4.01× | — |
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% |
KPLT
Segment breakdown not available.
