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Side-by-side financial comparison of HEALTHSTREAM INC (HSTM) and Riot Platforms, Inc. (RIOT). Click either name above to swap in a different company.
Riot Platforms, Inc. is the larger business by last-quarter revenue ($152.8M vs $79.7M, roughly 1.9× HEALTHSTREAM INC). On growth, HEALTHSTREAM INC posted the faster year-over-year revenue change (7.4% vs 7.2%). HEALTHSTREAM INC produced more free cash flow last quarter ($13.0M vs $-774.3M). Over the past eight quarters, Riot Platforms, Inc.'s revenue compounded faster (38.8% 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.
Riot Platforms, Inc. is a leading U.S.-based enterprise focused on Bitcoin mining, operating multiple large-scale, energy-efficient data centers across North America. It also invests in blockchain infrastructure development and holds Bitcoin as a core long-term reserve asset, centering its business strategy around the digital asset ecosystem.
HSTM vs RIOT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $79.7M | $152.8M |
| Net Profit | — | $-690.7M |
| Gross Margin | — | — |
| Operating Margin | 3.0% | -447.9% |
| Net Margin | — | -452.0% |
| Revenue YoY | 7.4% | 7.2% |
| Net Profit YoY | — | -606.3% |
| EPS (diluted) | $0.09 | $-1.89 |
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 | $152.8M | ||
| Q3 25 | $76.5M | $180.2M | ||
| Q2 25 | $74.4M | $153.0M | ||
| Q1 25 | $73.5M | $161.4M | ||
| Q4 24 | $74.2M | $142.6M | ||
| Q3 24 | $73.1M | $84.8M | ||
| Q2 24 | $71.6M | $70.0M | ||
| Q1 24 | $72.8M | $79.3M |
| Q4 25 | — | $-690.7M | ||
| Q3 25 | $6.1M | $104.5M | ||
| Q2 25 | $5.4M | $219.5M | ||
| Q1 25 | $4.3M | $-296.4M | ||
| Q4 24 | — | $136.4M | ||
| Q3 24 | $5.7M | $-154.4M | ||
| Q2 24 | $4.2M | $-84.4M | ||
| Q1 24 | $5.2M | $211.8M |
| Q4 25 | 3.0% | -447.9% | ||
| Q3 25 | 9.9% | 44.4% | ||
| Q2 25 | 7.9% | — | ||
| Q1 25 | 6.0% | -144.9% | ||
| Q4 24 | 6.3% | — | ||
| Q3 24 | 8.9% | -143.3% | ||
| Q2 24 | 6.2% | -167.2% | ||
| Q1 24 | 7.8% | — |
| Q4 25 | — | -452.0% | ||
| Q3 25 | 8.0% | 58.0% | ||
| Q2 25 | 7.2% | 143.4% | ||
| Q1 25 | 5.9% | -183.6% | ||
| Q4 24 | — | 95.7% | ||
| Q3 24 | 7.8% | -182.1% | ||
| Q2 24 | 5.8% | -120.6% | ||
| Q1 24 | 7.2% | 267.1% |
| Q4 25 | $0.09 | $-1.89 | ||
| Q3 25 | $0.20 | $0.26 | ||
| Q2 25 | $0.18 | $0.58 | ||
| Q1 25 | $0.14 | $-0.90 | ||
| Q4 24 | $0.16 | $0.39 | ||
| Q3 24 | $0.19 | $-0.54 | ||
| Q2 24 | $0.14 | $-0.32 | ||
| Q1 24 | $0.17 | $0.51 |
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 | $233.5M |
| Total DebtLower is stronger | — | $840.8M |
| Stockholders' EquityBook value | $354.0M | $2.9B |
| Total Assets | $520.4M | $3.9B |
| Debt / EquityLower = less leverage | — | 0.29× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $36.2M | $233.5M | ||
| Q3 25 | $53.5M | $330.7M | ||
| Q2 25 | $52.1M | $255.4M | ||
| Q1 25 | $77.3M | $163.7M | ||
| Q4 24 | $59.5M | $277.9M | ||
| Q3 24 | $57.5M | $355.7M | ||
| Q2 24 | $46.1M | $481.2M | ||
| Q1 24 | $52.4M | $688.5M |
| Q4 25 | — | $840.8M | ||
| Q3 25 | — | $5.3M | ||
| Q2 25 | — | $5.3M | ||
| Q1 25 | — | $5.3M | ||
| Q4 24 | — | $584.6M | ||
| Q3 24 | — | $5.7M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $354.0M | $2.9B | ||
| Q3 25 | $349.2M | $3.5B | ||
| Q2 25 | $350.6M | $3.3B | ||
| Q1 25 | $362.8M | $2.9B | ||
| Q4 24 | $359.4M | $3.1B | ||
| Q3 24 | $355.5M | $2.7B | ||
| Q2 24 | $349.2M | $2.6B | ||
| Q1 24 | $344.9M | $2.5B |
| Q4 25 | $520.4M | $3.9B | ||
| Q3 25 | $499.9M | $4.5B | ||
| Q2 25 | $500.1M | $4.3B | ||
| Q1 25 | $524.0M | $3.7B | ||
| Q4 24 | $510.8M | $3.9B | ||
| Q3 24 | $502.8M | $2.9B | ||
| Q2 24 | $499.6M | $2.7B | ||
| Q1 24 | $511.6M | $2.6B |
| Q4 25 | — | 0.29× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | — | 0.19× | ||
| Q3 24 | — | 0.00× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $13.2M | $-572.9M |
| Free Cash FlowOCF − Capex | $13.0M | $-774.3M |
| FCF MarginFCF / Revenue | 16.3% | -506.6% |
| Capex IntensityCapex / Revenue | 0.3% | 131.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $59.6M | $-1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.2M | $-572.9M | ||
| Q3 25 | $18.0M | $-114.0M | ||
| Q2 25 | $5.0M | $-231.3M | ||
| Q1 25 | $27.1M | $-122.1M | ||
| Q4 24 | $11.2M | $-255.1M | ||
| Q3 24 | $19.1M | $-56.3M | ||
| Q2 24 | $6.5M | $-42.5M | ||
| Q1 24 | $20.9M | $-57.9M |
| Q4 25 | $13.0M | $-774.3M | ||
| Q3 25 | $17.9M | $-139.7M | ||
| Q2 25 | $2.7M | $-291.7M | ||
| Q1 25 | $26.0M | $-154.9M | ||
| Q4 24 | $11.0M | $-495.4M | ||
| Q3 24 | $18.8M | $-127.6M | ||
| Q2 24 | $6.3M | $-96.1M | ||
| Q1 24 | $20.2M | $-115.2M |
| Q4 25 | 16.3% | -506.6% | ||
| Q3 25 | 23.4% | -77.5% | ||
| Q2 25 | 3.6% | -190.7% | ||
| Q1 25 | 35.4% | -96.0% | ||
| Q4 24 | 14.8% | -347.5% | ||
| Q3 24 | 25.8% | -150.5% | ||
| Q2 24 | 8.8% | -137.2% | ||
| Q1 24 | 27.8% | -145.2% |
| Q4 25 | 0.3% | 131.8% | ||
| Q3 25 | 0.1% | 14.3% | ||
| Q2 25 | 3.1% | 39.5% | ||
| Q1 25 | 1.4% | 20.4% | ||
| Q4 24 | 0.3% | 168.6% | ||
| Q3 24 | 0.4% | 84.1% | ||
| Q2 24 | 0.2% | 76.5% | ||
| Q1 24 | 1.0% | 72.3% |
| Q4 25 | — | — | ||
| Q3 25 | 2.96× | -1.09× | ||
| Q2 25 | 0.93× | -1.05× | ||
| Q1 25 | 6.25× | — | ||
| Q4 24 | — | -1.87× | ||
| Q3 24 | 3.34× | — | ||
| Q2 24 | 1.55× | — | ||
| Q1 24 | 4.01× | -0.27× |
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% |
RIOT
| Bitcoin Mining Segment | $131.7M | 86% |
| Engineering Segment | $21.1M | 14% |
