HealthStream (HSTM) is a public company. HealthStream (NASDAQ: HSTM) is dedicated to improving patient outcomes through the development of healthcare organizations'​ greatest asset: their people. Our unified suite of solutions is contracted by, collectively, approximately 4.8 million healthcare employees in the U.S. for workforce development, training & learning management, talent management, credentialing, privileging, provider enrollment, performance assessment, and managing simulation-based education programs. Founded in 1990. It has 1,333 employees. Annual revenue is $304.1M. IPO 2000.

Transcript

Operator

Good morning, and welcome to HealthStream's second quarter 2026 earnings conference call. At this time, I'd like to inform you that this conference is being recorded, and that all participants are in a listen-only mode. At the request of the company, we will open the conference up for questions and answers after the presentation. I will now turn the conference over to Ms. Mollie Condra, Head of Investor Relations and Corporate Communications. Please go ahead, Ms. Condra.

Mollie Condra — Head of Investor Relations and Corporate Communications

Thank you. Good morning, and thank you for joining us today to discuss our second quarter 2026 results. On the conference call with me today is Robert A. Frist Jr., CEO and Chairman of HealthStream, and Scotty Roberts, CFO and Senior Vice President of Finance and Accounting. I would also like to remind you that this conference call may contain forward-looking statements regarding future events and the future performance of HealthStream that involve risks and uncertainties that could cause the actual results to differ materially from those projected in the forward-looking statements. Information concerning these risks and other factors that could cause the results to differ materially from those forward-looking statements are contained in the company's filings with the SEC, including Forms 10-K, Forms 10-Q, and our earnings release. We may reference certain non-GAAP financial measures related to the company's past and future expected performance on this call. The most directly comparable GAAP financial metrics and reconciliations are included in the earnings release that we issued yesterday. With that start, I'll now turn the call over to CEO Bobby Frist.

Robert Frist Jr. — CEO and Chairman

Good morning, everyone. Welcome to our second