Get started

Financials · HTFL

Heartflow Inc. (HTFL) financials

For the twelve months ended Jun 30, 2026, Heartflow Inc. reported $212.07M of revenue and -$118.37M of net income.

Revenue, TTM
$212.07M
Revenue growth, YoY
+42.8%
Net income, TTM
-$118.37M
Net margin
-55.8%
Free cash flow, TTM
-$59.18M
Cash
$34.36M
P/S
23.23
Market cap
$4.93B
Annual revenue$176.03M
FY2023FY2025
Annual net income-$116.79M
FY2023FY2025
Annual free cash flow-$59.05M
FY2023FY2025

HTFL revenue and earnings growth

HTFL revenueQ2 2026$64.08M

Quarter YoY
+47.6%
QoQ
+21.9%
FY YoY
+39.9%

HTFL revenue was $64.08M in fiscal Q2 2026 (ended Jun 30, 2026), up 47.6% from a year earlier and up 21.9% from the prior quarter. For the full fiscal 2025 it was $176.03M, up 39.9% from fiscal 2024.

HTFL net incomeQ2 2026-$15.74M

HTFL net income was -$15.74M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$9.20M a year earlier. For the full fiscal 2025 it was -$116.79M, compared with -$96.43M in fiscal 2024.

HTFL EPSQ2 2026-$0.18

HTFL diluted EPS was -$0.18 in fiscal Q2 2026 (ended Jun 30, 2026). For the full fiscal 2025 it was -$3.17.

HTFL free cash flowQ2 2026-$10.50M

HTFL free cash flow was -$10.50M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$28.09M a year earlier. For the full fiscal 2025 it was -$59.05M, compared with -$73.36M in fiscal 2024.

Export CSV

Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
Revenue$176.03M$125.81M$87.17M
Cost of revenue$40.84M$31.36M$29.12M
Gross profit$135.20M$94.45M$58.05M
Research and development$64.92M$43.52M$35.85M
Selling, general and admin$134.34M$112.15M$95.11M
Operating income-$64.07M-$61.22M-$72.91M
Interest expense$15.17M$22.77M$24.69M
Pre-tax income-$116.87M-$96.37M-$95.11M
Income tax-$76.0K$53.0K$547.0K
Net income-$116.79M-$96.43M-$95.66M
EPS, basic-$3.17-$17.98-$25.32
EPS, diluted-$3.17-$17.98-$25.32
Diluted shares36.9M5.4M4.9M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
Cash and equivalents$44.78M$55.84M$122.77M
Short-term investments$132.01M--
Receivables$29.34M$24.64M-
Current assets$220.20M$82.29M-
Total assets$359.45M$118.70M-
Current liabilities$42.37M$33.60M-
Total liabilities$58.80M$209.62M-
Shareholders' equity$300.65M-$859.48M-$777.56M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
Operating cash flow-$54.02M-$69.00M-$76.43M
Capital expenditures$5.03M$4.36M$6.11M
Free cash flow-$59.05M-$73.36M-$82.54M
Investing cash flow-$238.57M-$4.36M-$6.11M
Financing cash flow$286.04M$2.24M$169.32M
Share repurchases--$228.0K
Stock-based compensation$13.96M$10.21M$11.87M
Depreciation and amortization$5.44M$5.36M$4.74M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
Revenue growth, YoY39.9%44.3%-
Gross margin76.8%75.1%66.6%
Operating margin-36.4%-48.7%-83.6%
Net margin-66.3%-76.6%-109.7%
Free cash flow margin-33.5%-58.3%-94.7%
Return on equity-38.8%--
Return on assets-32.5%-81.2%-
Current ratio5.202.45-

Source: XBRL data Heartflow Inc. files with the SEC, latest filing dated Aug 13, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

HTFL peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
HTFL$212.07M+42.8%-$118.37M-55.8%$4.93B
SYK$26.30B+7.9%$3.62B13.8%$124.00B
MMM$25.25B+1.7%$3.54B14.0%$97.47B
BSX$21.07B+8.9%$3.50B16.6%$63.81B
BDX$23.25B+17.4%$941.00M4.0%$58.63B
MDLN$30.68B-$683.00M2.2%$53.55B
RMD$5.73B+9.0%$1.59B27.8%$33.16B
DXCM$5.10B+13.0%$991.00M19.4%$30.24B
WST$3.40B+12.6%$638.90M18.8%$28.78B

HTFL FAQ

8 questions
  • What is HTFL revenue?
    Heartflow Inc. (HTFL) reported $212.07M of revenue for the twelve months ended Jun 30, 2026. That is up 42.8% from the year before. Revenue for fiscal 2025 was $176.03M.
  • Is HTFL profitable?
    No. Heartflow Inc. reported a net loss of $118.37M for the twelve months ended Jun 30, 2026.
  • How much cash and debt does HTFL have?
    Heartflow Inc. reported $34.36M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is HTFL revenue growing?
    Heartflow Inc.'s revenue changed +39.9% in fiscal 2025, to $176.03M.
  • What is HTFL gross margin?
    Heartflow Inc.'s gross profit was $169.83M on $212.07M of revenue for the twelve months ended Jun 30, 2026, a gross margin of 80.1%.
  • What is HTFL free cash flow?
    Heartflow Inc. generated -$59.18M of free cash flow for the twelve months ended Jun 30, 2026, which is operating cash flow of -$52.23M less capital expenditures.
  • When did HTFL last report financial results?
    The latest statements here come from Heartflow Inc.'s 10-Q filed on Aug 13, 2026, covering the period ended Jun 30, 2026.
  • Where does this HTFL financial data come from?
    Quantisnow builds these statements from the structured XBRL data Heartflow Inc. files with the SEC. It is provided for information only and is not investment advice.