HEALTHSTREAM INC (HSTM) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Low Risk
Limited dilution potential
Last updated: May 06, 2026

Risk Assessment Details

Potential Dilution: 8.8% of current shares
Recent Dilution: 0.69% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
29M
Potential Supply
2.6M
Additional shares possible
Splits
None
Past 2 years

Summary

HSTM currently has 29.4M outstanding shares. with limited dilution risk as only 2.58M additional shares (8.8%) are authorized for issuance. The company has minimally diluted shareholders by 0.69% over the past 2 years.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 06, 2026

10-Q filing | 29.4M shares outstanding

29M 2.6M
Dec 09, 2025

8-K filing: HealthStream, Inc. announced that its CEO, Robert A. Frist, Jr., contributed approximately $3.5 million of his personally owned shares of Company common stock to the Company for the benefit of over 700 HealthStream employees, and an additional $275,000 of shares to cover company costs associated with the equity grants.

30M 2.3M
Nov 06, 2025

10-Q filing | 29.7M shares outstanding

30M 2.3M
Aug 07, 2025

10-Q filing | 30.3M shares outstanding

30M 1.6M
May 09, 2025

10-Q filing | 30.6M shares outstanding

31M 1.4M
Feb 28, 2025

10-K filing | 30.4M shares outstanding

30M 1.6M
Oct 24, 2024

10-Q filing | 30.4M shares outstanding

30M 1.6M
Jul 25, 2024

10-Q filing | 30.4M shares outstanding

30M 1.6M
Apr 25, 2024

10-Q filing | 30.4M shares outstanding

30M 1.5M
Feb 26, 2024

10-K filing | 30.6M shares outstanding

31M 1.4M
Oct 26, 2023

10-Q filing | 30.7M shares outstanding

31M 1.3M
Jul 27, 2023

10-Q filing | 30.7M shares outstanding

31M 1.3M
Apr 27, 2023

10-Q filing | 30.7M shares outstanding

31M 1.3M
Feb 28, 2023

10-K filing | 30.6M shares outstanding

31M 1.3M
Oct 27, 2022

10-Q filing | 30.6M shares outstanding

31M 1.4M
Jul 28, 2022

10-Q filing | 30.5M shares outstanding

31M 1.4M
May 18, 2022

8-K filing: HealthStream, Inc. acquired CloudCME, LLC, paying approximately $4.08 million in cash and issuing 208,567 shares of HealthStream, Inc.'s common stock through a private placement.

31M 1M
Apr 28, 2022

10-Q filing | 31.0M shares outstanding

31M 1M
Mar 29, 2022

S-3 filing: HealthStream, Inc. is filing an S-3 to register the offering and sale of common stock by the company and selling security holders, with an aggregate offering price not to exceed $200,000,000 for the company and $50,000,000 for the selling security holders.

32M 430K
Feb 28, 2022

10-K filing | 31.5M shares outstanding

32M 430K
Dec 29, 2021

8-K filing: HealthStream, Inc. announced that CEO Robert A. Frist, Jr. contributed approximately $2.25 million of his personally owned shares of Company common stock to the Company for the benefit of over 1,000 HealthStream employees, excluding executives, vice presidents, or associate vice presidents who periodically receive equity grants, and has contributed approximately $185,000 of additional shares to the Company, without any consideration paid to Mr. Frist, which amount is equivalent to the estimated Company costs associated with the equity grants.

32M 400K
Oct 28, 2021

10-Q filing | 31.6M shares outstanding

32M 400K
Jul 29, 2021

10-Q filing | 31.6M shares outstanding

32M 410K
Apr 29, 2021

10-Q filing | 31.5M shares outstanding

32M 430K
Mar 23, 2021

POS AM filing: HealthStream, Inc. is filing a POS AM to register shares of its common stock for sale from time to time, with an aggregate initial offering price not to exceed $200,000,000 for the primary offering and $50,000,000 for the secondary offering.

32M 0
Feb 26, 2021

10-K filing | 32.0M shares outstanding

32M 0
Oct 29, 2020

10-Q filing | 32.0M shares outstanding

32M 0
Jul 30, 2020

10-Q filing | 32.0M shares outstanding

32M 0
Apr 30, 2020

10-Q filing | 32.3M shares outstanding

32M 0
Feb 26, 2020

10-K filing | 32.4M shares outstanding

32M 0
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