HeartFlow, Inc. (HTFL)

HeartFlow Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023
Revenue	176.03	125.81	87.17
Revenue Growth (YoY)	39.92%	44.32%	-
Cost of Revenue	40.84	31.36	29.12
Gross Profit	135.2	94.45	58.05
Selling, General & Admin	134.35	112.15	95.11
Research & Development	64.92	43.52	35.85
Operating Expenses	199.26	155.67	130.97
Operating Income	-64.07	-61.22	-72.91
Interest Expense	-15.17	-22.77	-24.69
Interest & Investment Income	5.54	4.07	5.46
Currency Exchange Gain (Loss)	-0.03	-0.54	-0.68
Other Non Operating Income (Expenses)	-36.78	-15.91	2.84
EBT Excluding Unusual Items	-110.51	-96.37	-89.99
Other Unusual Items	-6.36	-	-5.12
Pretax Income	-116.87	-96.37	-95.11
Income Tax Expense	-0.08	0.05	0.55
Net Income	-116.79	-96.43	-95.66
Preferred Dividends & Other Adjustments	-	-	28.03
Net Income to Common	-116.79	-96.43	-123.69
Shares Outstanding (Basic)	37	5	5
Shares Outstanding (Diluted)	37	5	5
Shares Change (YoY)	587.13%	9.79%	-
EPS (Basic)	-3.17	-17.98	-25.32
EPS (Diluted)	-3.17	-17.98	-25.32
Free Cash Flow	-59.05	-73.36	-82.54
Free Cash Flow Per Share	-1.60	-13.68	-16.90
Gross Margin	76.80%	75.07%	66.59%
Operating Margin	-36.39%	-48.66%	-83.64%
Profit Margin	-66.35%	-76.64%	-141.89%
Free Cash Flow Margin	-33.54%	-58.31%	-94.68%
EBITDA	-62.63	-59.56	-71.37
EBITDA Margin	-35.58%	-47.34%	-81.87%
D&A For EBITDA	1.44	1.66	1.54
EBIT	-64.07	-61.22	-72.91
EBIT Margin	-36.39%	-48.66%	-83.64%
Advertising Expenses	2	1.5	0.78

Updated Mar 18, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q