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Side-by-side financial comparison of HEALTHSTREAM INC (HSTM) and Mirum Pharmaceuticals, Inc. (MIRM). Click either name above to swap in a different company.

Mirum Pharmaceuticals, Inc. is the larger business by last-quarter revenue ($148.9M vs $79.7M, roughly 1.9× HEALTHSTREAM INC). On growth, Mirum Pharmaceuticals, Inc. posted the faster year-over-year revenue change (49.8% vs 7.4%). HEALTHSTREAM INC produced more free cash flow last quarter ($13.0M vs $5.5M). Over the past eight quarters, Mirum Pharmaceuticals, Inc.'s revenue compounded faster (46.7% 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.

Mirum Pharmaceuticals, Inc. is a late-stage biopharmaceutical company focused on developing and commercializing innovative therapies for patients with rare, debilitating liver diseases that have high unmet medical needs, serving both pediatric and adult patient groups across North America, Europe and other global regions.

HSTM vs MIRM — Head-to-Head

Bigger by revenue
MIRM
MIRM
1.9× larger
MIRM
$148.9M
$79.7M
HSTM
Growing faster (revenue YoY)
MIRM
MIRM
+42.4% gap
MIRM
49.8%
7.4%
HSTM
More free cash flow
HSTM
HSTM
$7.5M more FCF
HSTM
$13.0M
$5.5M
MIRM
Faster 2-yr revenue CAGR
MIRM
MIRM
Annualised
MIRM
46.7%
4.7%
HSTM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HSTM
HSTM
MIRM
MIRM
Revenue
$79.7M
$148.9M
Net Profit
$-5.7M
Gross Margin
Operating Margin
3.0%
-3.1%
Net Margin
-3.8%
Revenue YoY
7.4%
49.8%
Net Profit YoY
75.9%
EPS (diluted)
$0.09
$-0.10

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.

Revenue
HSTM
HSTM
MIRM
MIRM
Q4 25
$79.7M
$148.9M
Q3 25
$76.5M
$133.0M
Q2 25
$74.4M
$127.8M
Q1 25
$73.5M
$111.6M
Q4 24
$74.2M
$99.4M
Q3 24
$73.1M
$90.4M
Q2 24
$71.6M
$77.9M
Q1 24
$72.8M
$69.2M
Net Profit
HSTM
HSTM
MIRM
MIRM
Q4 25
$-5.7M
Q3 25
$6.1M
$2.9M
Q2 25
$5.4M
$-5.9M
Q1 25
$4.3M
$-14.7M
Q4 24
$-23.8M
Q3 24
$5.7M
$-14.2M
Q2 24
$4.2M
$-24.6M
Q1 24
$5.2M
$-25.3M
Operating Margin
HSTM
HSTM
MIRM
MIRM
Q4 25
3.0%
-3.1%
Q3 25
9.9%
2.0%
Q2 25
7.9%
-3.9%
Q1 25
6.0%
-13.6%
Q4 24
6.3%
-24.4%
Q3 24
8.9%
-14.0%
Q2 24
6.2%
-31.1%
Q1 24
7.8%
-38.2%
Net Margin
HSTM
HSTM
MIRM
MIRM
Q4 25
-3.8%
Q3 25
8.0%
2.2%
Q2 25
7.2%
-4.6%
Q1 25
5.9%
-13.2%
Q4 24
-23.9%
Q3 24
7.8%
-15.8%
Q2 24
5.8%
-31.6%
Q1 24
7.2%
-36.5%
EPS (diluted)
HSTM
HSTM
MIRM
MIRM
Q4 25
$0.09
$-0.10
Q3 25
$0.20
$0.05
Q2 25
$0.18
$-0.12
Q1 25
$0.14
$-0.30
Q4 24
$0.16
$-0.49
Q3 24
$0.19
$-0.30
Q2 24
$0.14
$-0.52
Q1 24
$0.17
$-0.54

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
HSTM
HSTM
MIRM
MIRM
Cash + ST InvestmentsLiquidity on hand
$36.2M
$383.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$354.0M
$314.7M
Total Assets
$520.4M
$842.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HSTM
HSTM
MIRM
MIRM
Q4 25
$36.2M
$383.3M
Q3 25
$53.5M
$375.5M
Q2 25
$52.1M
$304.6M
Q1 25
$77.3M
$277.7M
Q4 24
$59.5M
$280.3M
Q3 24
$57.5M
$284.4M
Q2 24
$46.1M
$278.4M
Q1 24
$52.4M
$302.8M
Stockholders' Equity
HSTM
HSTM
MIRM
MIRM
Q4 25
$354.0M
$314.7M
Q3 25
$349.2M
$292.0M
Q2 25
$350.6M
$255.2M
Q1 25
$362.8M
$233.3M
Q4 24
$359.4M
$225.6M
Q3 24
$355.5M
$232.0M
Q2 24
$349.2M
$229.0M
Q1 24
$344.9M
$234.6M
Total Assets
HSTM
HSTM
MIRM
MIRM
Q4 25
$520.4M
$842.8M
Q3 25
$499.9M
$785.1M
Q2 25
$500.1M
$725.8M
Q1 25
$524.0M
$690.2M
Q4 24
$510.8M
$670.8M
Q3 24
$502.8M
$667.9M
Q2 24
$499.6M
$660.8M
Q1 24
$511.6M
$652.0M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
HSTM
HSTM
MIRM
MIRM
Operating Cash FlowLast quarter
$13.2M
$6.1M
Free Cash FlowOCF − Capex
$13.0M
$5.5M
FCF MarginFCF / Revenue
16.3%
3.7%
Capex IntensityCapex / Revenue
0.3%
0.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$59.6M
$54.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HSTM
HSTM
MIRM
MIRM
Q4 25
$13.2M
$6.1M
Q3 25
$18.0M
$39.7M
Q2 25
$5.0M
$12.0M
Q1 25
$27.1M
$-2.0M
Q4 24
$11.2M
$-5.1M
Q3 24
$19.1M
$4.0M
Q2 24
$6.5M
$-3.8M
Q1 24
$20.9M
$15.2M
Free Cash Flow
HSTM
HSTM
MIRM
MIRM
Q4 25
$13.0M
$5.5M
Q3 25
$17.9M
$39.5M
Q2 25
$2.7M
$11.9M
Q1 25
$26.0M
$-2.0M
Q4 24
$11.0M
$-5.1M
Q3 24
$18.8M
$3.8M
Q2 24
$6.3M
$-4.6M
Q1 24
$20.2M
$15.2M
FCF Margin
HSTM
HSTM
MIRM
MIRM
Q4 25
16.3%
3.7%
Q3 25
23.4%
29.7%
Q2 25
3.6%
9.3%
Q1 25
35.4%
-1.8%
Q4 24
14.8%
-5.1%
Q3 24
25.8%
4.2%
Q2 24
8.8%
-5.9%
Q1 24
27.8%
22.0%
Capex Intensity
HSTM
HSTM
MIRM
MIRM
Q4 25
0.3%
0.4%
Q3 25
0.1%
0.1%
Q2 25
3.1%
0.1%
Q1 25
1.4%
0.0%
Q4 24
0.3%
0.0%
Q3 24
0.4%
0.2%
Q2 24
0.2%
1.0%
Q1 24
1.0%
0.0%
Cash Conversion
HSTM
HSTM
MIRM
MIRM
Q4 25
Q3 25
2.96×
13.66×
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
HSTM

Subscription Services$77.0M97%
Professional Services$2.7M3%

MIRM
MIRM

Livmarli$106.4M71%
Bile Acid Medicines$42.5M29%

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