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Side-by-side financial comparison of HEALTHSTREAM INC (HSTM) and RIGEL PHARMACEUTICALS INC (RIGL). Click either name above to swap in a different company.

HEALTHSTREAM INC is the larger business by last-quarter revenue ($79.7M vs $69.8M, roughly 1.1× RIGEL PHARMACEUTICALS INC). On growth, RIGEL PHARMACEUTICALS INC posted the faster year-over-year revenue change (21.2% vs 7.4%). Over the past eight quarters, RIGEL PHARMACEUTICALS INC's revenue compounded faster (53.7% 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.

Rigel Pharmaceuticals Inc is a clinical-stage biotechnology company focused on developing and commercializing targeted small molecule therapies for autoimmune, inflammatory, and hematologic diseases. Its approved flagship product treats adult immune thrombocytopenia, with primary operations and core markets in the United States, addressing unmet medical needs for underserved patient groups.

HSTM vs RIGL — Head-to-Head

Bigger by revenue
HSTM
HSTM
1.1× larger
HSTM
$79.7M
$69.8M
RIGL
Growing faster (revenue YoY)
RIGL
RIGL
+13.8% gap
RIGL
21.2%
7.4%
HSTM
Faster 2-yr revenue CAGR
RIGL
RIGL
Annualised
RIGL
53.7%
4.7%
HSTM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HSTM
HSTM
RIGL
RIGL
Revenue
$79.7M
$69.8M
Net Profit
$268.1M
Gross Margin
91.5%
Operating Margin
3.0%
33.2%
Net Margin
384.0%
Revenue YoY
7.4%
21.2%
Net Profit YoY
1769.2%
EPS (diluted)
$0.09
$14.11

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
RIGL
RIGL
Q4 25
$79.7M
$69.8M
Q3 25
$76.5M
$69.5M
Q2 25
$74.4M
$101.7M
Q1 25
$73.5M
$53.3M
Q4 24
$74.2M
$57.6M
Q3 24
$73.1M
$55.3M
Q2 24
$71.6M
$36.8M
Q1 24
$72.8M
$29.5M
Net Profit
HSTM
HSTM
RIGL
RIGL
Q4 25
$268.1M
Q3 25
$6.1M
$27.9M
Q2 25
$5.4M
$59.6M
Q1 25
$4.3M
$11.4M
Q4 24
$14.3M
Q3 24
$5.7M
$12.4M
Q2 24
$4.2M
$-1.0M
Q1 24
$5.2M
$-8.2M
Gross Margin
HSTM
HSTM
RIGL
RIGL
Q4 25
91.5%
Q3 25
93.2%
Q2 25
95.6%
Q1 25
91.7%
Q4 24
89.9%
Q3 24
85.5%
Q2 24
92.4%
Q1 24
93.1%
Operating Margin
HSTM
HSTM
RIGL
RIGL
Q4 25
3.0%
33.2%
Q3 25
9.9%
40.9%
Q2 25
7.9%
60.1%
Q1 25
6.0%
23.9%
Q4 24
6.3%
28.9%
Q3 24
8.9%
25.4%
Q2 24
6.2%
1.2%
Q1 24
7.8%
-23.6%
Net Margin
HSTM
HSTM
RIGL
RIGL
Q4 25
384.0%
Q3 25
8.0%
40.2%
Q2 25
7.2%
58.6%
Q1 25
5.9%
21.5%
Q4 24
24.9%
Q3 24
7.8%
22.5%
Q2 24
5.8%
-2.8%
Q1 24
7.2%
-27.9%
EPS (diluted)
HSTM
HSTM
RIGL
RIGL
Q4 25
$0.09
$14.11
Q3 25
$0.20
$1.46
Q2 25
$0.18
$3.28
Q1 25
$0.14
$0.63
Q4 24
$0.16
$0.82
Q3 24
$0.19
$0.70
Q2 24
$0.14
$-0.06
Q1 24
$0.17
$-0.47

Balance Sheet & Financial Strength

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

Metric
HSTM
HSTM
RIGL
RIGL
Cash + ST InvestmentsLiquidity on hand
$36.2M
$155.0M
Total DebtLower is stronger
$52.5M
Stockholders' EquityBook value
$354.0M
$391.5M
Total Assets
$520.4M
$513.6M
Debt / EquityLower = less leverage
0.13×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HSTM
HSTM
RIGL
RIGL
Q4 25
$36.2M
$155.0M
Q3 25
$53.5M
$137.1M
Q2 25
$52.1M
$108.4M
Q1 25
$77.3M
$77.1M
Q4 24
$59.5M
$77.3M
Q3 24
$57.5M
$61.1M
Q2 24
$46.1M
$49.1M
Q1 24
$52.4M
$49.5M
Total Debt
HSTM
HSTM
RIGL
RIGL
Q4 25
$52.5M
Q3 25
$60.0M
Q2 25
$60.0M
Q1 25
$60.0M
Q4 24
$60.0M
Q3 24
$60.0M
Q2 24
$60.0M
Q1 24
$60.0M
Stockholders' Equity
HSTM
HSTM
RIGL
RIGL
Q4 25
$354.0M
$391.5M
Q3 25
$349.2M
$117.6M
Q2 25
$350.6M
$81.9M
Q1 25
$362.8M
$18.6M
Q4 24
$359.4M
$3.3M
Q3 24
$355.5M
$-14.6M
Q2 24
$349.2M
$-29.9M
Q1 24
$344.9M
$-31.7M
Total Assets
HSTM
HSTM
RIGL
RIGL
Q4 25
$520.4M
$513.6M
Q3 25
$499.9M
$242.5M
Q2 25
$500.1M
$206.7M
Q1 25
$524.0M
$176.0M
Q4 24
$510.8M
$164.0M
Q3 24
$502.8M
$139.4M
Q2 24
$499.6M
$128.4M
Q1 24
$511.6M
$126.5M
Debt / Equity
HSTM
HSTM
RIGL
RIGL
Q4 25
0.13×
Q3 25
0.51×
Q2 25
0.73×
Q1 25
3.23×
Q4 24
18.25×
Q3 24
Q2 24
Q1 24

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
RIGL
RIGL
Operating Cash FlowLast quarter
$13.2M
$22.0M
Free Cash FlowOCF − Capex
$13.0M
FCF MarginFCF / Revenue
16.3%
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
0.08×
TTM Free Cash FlowTrailing 4 quarters
$59.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HSTM
HSTM
RIGL
RIGL
Q4 25
$13.2M
$22.0M
Q3 25
$18.0M
$24.0M
Q2 25
$5.0M
$30.5M
Q1 25
$27.1M
$-893.0K
Q4 24
$11.2M
$14.5M
Q3 24
$19.1M
$21.7M
Q2 24
$6.5M
$302.0K
Q1 24
$20.9M
$-5.0M
Free Cash Flow
HSTM
HSTM
RIGL
RIGL
Q4 25
$13.0M
Q3 25
$17.9M
Q2 25
$2.7M
Q1 25
$26.0M
Q4 24
$11.0M
Q3 24
$18.8M
Q2 24
$6.3M
Q1 24
$20.2M
FCF Margin
HSTM
HSTM
RIGL
RIGL
Q4 25
16.3%
Q3 25
23.4%
Q2 25
3.6%
Q1 25
35.4%
Q4 24
14.8%
Q3 24
25.8%
Q2 24
8.8%
Q1 24
27.8%
Capex Intensity
HSTM
HSTM
RIGL
RIGL
Q4 25
0.3%
Q3 25
0.1%
Q2 25
3.1%
Q1 25
1.4%
Q4 24
0.3%
Q3 24
0.4%
Q2 24
0.2%
Q1 24
1.0%
Cash Conversion
HSTM
HSTM
RIGL
RIGL
Q4 25
0.08×
Q3 25
2.96×
0.86×
Q2 25
0.93×
0.51×
Q1 25
6.25×
-0.08×
Q4 24
1.01×
Q3 24
3.34×
1.75×
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%

RIGL
RIGL

Segment breakdown not available.

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