HeartFlow, Inc. (HTFL)

HeartFlow Cash Flow 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
Net Income	-116.79	-96.43	-95.66
Depreciation & Amortization	4.57	4.39	4.43
Other Amortization	9.37	5.31	5.98
Loss (Gain) From Sale of Investments	-1.68	-	-
Stock-Based Compensation	13.97	10.21	11.87
Provision & Write-off of Bad Debts	0.19	-0.24	1.19
Other Operating Activities	44.01	18.63	4.29
Change in Accounts Receivable	-4.89	-3.85	-9.35
Change in Accounts Payable	0.22	-0.33	-0.62
Change in Other Net Operating Assets	-2.99	-6.7	1.43
Operating Cash Flow	-54.02	-69	-76.43
Capital Expenditures	-5.03	-4.36	-6.11
Investment in Securities	-233.54	-	-
Investing Cash Flow	-238.57	-4.36	-6.11
Long-Term Debt Issued	72.77	-	-
Long-Term Debt Repaid	-115.14	-	-
Net Debt Issued (Repaid)	-42.37	-	-
Issuance of Common Stock	335.69	4.56	0.59
Repurchase of Common Stock	-0.51	-	-0.23
Other Financing Activities	-6.76	-2.33	-
Financing Cash Flow	286.04	2.24	169.32
Foreign Exchange Rate Adjustments	0.19	-0.27	-0.5
Net Cash Flow	-6.36	-71.39	86.28
Free Cash Flow	-59.05	-73.36	-82.54
Free Cash Flow Margin	-33.54%	-58.31%	-94.68%
Free Cash Flow Per Share	-1.60	-13.68	-16.90
Cash Interest Paid	8.57	19.16	20.8
Cash Income Tax Paid	-	-0.07	0.41
Levered Free Cash Flow	-30.88	-41.66	-
Unlevered Free Cash Flow	-26.77	-29.04	-
Change in Working Capital	-7.66	-10.88	-8.54

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

SEC Filings: 10-K · 10-Q