HeartFlow, Inc. (HTFL)

HeartFlow Cash Flow Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023
Net Income	-111.83	-116.79	-96.43	-95.66
Depreciation & Amortization	5.49	5.44	5.36	4.74
Stock-Based Compensation	18.03	13.97	10.21	11.87
Other Adjustments	41.15	51.03	22.73	11.15
Change in Receivables	-7.48	-4.89	-3.85	-9.35
Changes in Accounts Payable	3.51	0.22	-0.33	-0.62
Changes in Accrued Expenses	-7.38	9.31	0.43	3.76
Changes in Other Operating Activities	-17.15	-12.3	-7.13	-2.33
Operating Cash Flow	-70.96	-54.02	-69	-76.43
Capital Expenditures	-5.81	-5.03	-4.36	-6.11
Purchases of Investments	-29.54	-233.54	-	-
Proceeds from Sale of Investments	30	-	-	-
Investing Cash Flow	-238.89	-238.57	-4.36	-6.11
Long-Term Debt Issued	-1.09	72.77	-	-
Long-Term Debt Repaid	-	-115.14	-	-
Net Long-Term Debt Issued (Repaid)	-1.09	-42.37	-	-
Issuance of Common Stock	8.95	335.69	4.56	0.59
Repurchase of Common Stock	-	-	-	-0.23
Net Common Stock Issued (Repurchased)	8.95	335.69	4.56	0.36
Issuance of Preferred Stock	-	-	-	168.96
Net Preferred Stock Issued (Repurchased)	-	-	-	168.96
Other Financing Activities	-7.75	-7.27	-2.33	-
Financing Cash Flow	219.28	286.04	2.24	169.32
Effect of Exchange Rate Changes on Cash and Cash Equivalents	0.69	0.19	-0.27	-0.5
Net Cash Flow	-89.89	-6.36	-71.39	86.28
Free Cash Flow	-76.77	-59.05	-73.36	-82.54
FCF Margin	-40.11%	-33.54%	-58.31%	-94.68%
Free Cash Flow Per Share	-1.36	-1.60	-13.68	-16.90
Levered Free Cash Flow	-134.25	-161.52	-102.46	-124.24
Unlevered Free Cash Flow	-97.42	-66.38	-67.28	-73.89

Updated May 14, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q