HeartFlow Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Revenue	212.07	176.03	125.81	87.17
Revenue Growth	42.77%	39.92%	44.32%	-
Cost of Revenue	42.24	40.84	31.36	29.12
Gross Profit	169.83	135.2	94.45	58.05
Selling, General & Admin	158.76	134.35	112.15	95.11
Research & Development	83.84	64.92	43.52	35.85
Operating Expenses	242.6	199.26	155.67	130.97
Operating Income	-72.77	-64.07	-61.22	-72.91
Interest Expense	-3.46	-15.17	-22.77	-24.69
Interest & Investment Income	9.13	5.54	4.07	5.46
Currency Exchange Gain (Loss)	-0.11	-0.03	-0.54	-0.68
Other Non Operating Income (Expenses)	-37.41	-36.78	-15.91	2.84
EBT Excluding Unusual Items	-104.62	-110.51	-96.37	-89.99
Other Unusual Items	-6.36	-6.36	-	-5.12
Pretax Income	-118.46	-116.87	-96.37	-95.11
Income Tax Expense	-0.09	-0.08	0.05	0.55
Net Income	-118.37	-116.79	-96.43	-95.66
Preferred Dividends & Other Adjustments	-	-	-	28.03
Net Income to Common	-118.37	-116.79	-96.43	-123.69
Net Income Growth	-	-	-	-
Shares Outstanding (Basic)	77	37	5	5
Shares Outstanding (Diluted)	77	37	5	5
Shares Change	1180.60%	587.13%	9.79%	-
EPS (Basic)	-1.54	-3.17	-17.98	-25.32
EPS (Diluted)	-1.54	-3.17	-17.98	-25.32
EPS Growth	-	-	-	-

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Free Cash Flow	-59.18	-59.05	-73.36	-82.54
Free Cash Flow Per Share	-0.77	-1.60	-13.68	-16.90
Gross Margin	80.08%	76.80%	75.07%	66.59%
Operating Margin	-34.31%	-36.39%	-48.66%	-83.64%
Profit Margin	-55.82%	-66.35%	-76.64%	-141.89%
Free Cash Flow Margin	-27.91%	-33.54%	-58.31%	-94.68%
EBITDA	-71.36	-62.63	-59.56	-71.37
EBITDA Margin	-33.65%	-35.58%	-47.34%	-81.87%
D&A For EBITDA	1.42	1.44	1.66	1.54
EBIT	-72.77	-64.07	-61.22	-72.91
EBIT Margin	-34.31%	-36.39%	-48.66%	-83.64%
Advertising Expenses	-	2	1.5	0.78

SEC Filings: 10-K · 10-Q