HEALTHSTREAM INC

HealthStream, Inc. has entered into the Second Amendment to its Amended and Restated Revolving Credit Agreement, extending the maturity date to September 10, 2031. The credit facility remains at a maximum principal amount of $50 million, with an option to increase availability by up to $25 million, subject to lender commitments. Interest rates are variable, based on either a base rate or SOFR, plus an applicable margin that adjusts with the company's net funded debt leverage ratio. The amendment also includes financial covenants such as a maximum net funded debt leverage ratio of 3.00 to 1.00 and a minimum interest coverage ratio of 3.00 to 1.00.

HealthStream reported strong financial results for the second quarter and first half of 2026. Net revenues for Q2 increased by 12.6% to $83.7 million, with net income rising 23.8% to $6.7 million, or $0.23 per diluted share. For the first six months, net revenues grew 11.5% to $164.9 million, and net income increased 29.4% to $12.6 million, or $0.43 per diluted share. The company also announced a quarterly dividend and continued its share repurchase program.

HealthStream, Inc. announced record financial results for the second quarter ended June 30, 2026, with revenue reaching $83.7 million, a 12.5% increase year-over-year, and diluted EPS of $0.23. The company also reported significant growth in operating income, net income, and Adjusted EBITDA. Following this strong performance, HealthStream updated its full-year 2026 guidance for revenue and Adjusted EBITDA upwards, while also declaring a quarterly cash dividend of $0.035 per share.

HealthStream, Inc. reported a cybersecurity incident where an unauthorized third party accessed a limited portion of its corporate file server. The company initiated response protocols, engaged specialists, and notified law enforcement. While employee information, billing data for some customers/vendors, and corporate/legal information were accessed, no customer-facing systems or protected health information (HIPAA) were compromised. The company does not anticipate a material adverse impact on its business, operations, or financial results.

HealthStream, Inc. held its annual meeting of shareholders on May 28, 2026, where several key proposals were submitted to a vote. Shareholders elected three Class II directors for a three-year term: A. Alex Jahangir, Jeffrey L. McLaren, and Linda Rebrovick. Additionally, the appointment of Ernst & Young LLP as the company's independent registered public accounting firm for the fiscal year ending December 31, 2026, was ratified. Shareholders also approved a non-binding advisory resolution on the company's executive compensation.

HealthStream, Inc. announced the promotion of Michael M. Collier to Chief Operating Officer and Executive Vice President. In his new role, Mr. Collier will oversee enterprise operations, including customer experience, M&A, and will lead the company's AI transformation. In connection with his promotion, Mr. Collier received stock options for 18,781 shares at an exercise price of $23.96, an increased base salary, and eligibility for cash bonuses and RSUs. CEO Robert A. Frist, Jr. also received a grant of 18,781 stock options with the same exercise price and vesting schedule.

HealthStream reported strong financial results for the first quarter of 2026, with significant increases in net revenues, net income, and diluted earnings per share compared to the prior year. The company also continued its share repurchase program, buying back $7.5 million worth of common stock, and declared a quarterly cash dividend. These results reflect solid operational performance and effective capital management.

HealthStream announced strong first quarter 2026 results, with revenues reaching a new company record of $81.2 million, a 10.5% increase year-over-year. Operating income surged by 71.6% to $7.5 million, and diluted EPS rose to $0.20. The Board of Directors also declared a quarterly cash dividend of $0.035 per share and reaffirmed full-year 2026 guidance. Additionally, the company repurchased $7.5 million in common stock during the quarter and promoted Michael M. Collier to Chief Operating Officer.