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Heartflow, Inc. Common Stock(HTFL)Earnings, Financials & Key Ratios
HTFL•NASDAQ
$30.29
$11.16B mkt cap·Price updated May 6, 2026
AboutHeartFlow, Inc., a medical technology company, provides non-invasive solutions for diagnosing and managing coronary artery diseases worldwide. Its HeartFlow Platform uses AI and computational fluid dynamics to creates a personalized 3D model of a patient's heart from a single coronary computed tomography angiography, a specialized type of scan that provides detailed images of the heart's arteries. The company's platform provides insights on blood flow, stenosis, and plaque volume and composition by overcoming the limitations of traditional non-invasive imaging tests. The company was founded in 2007 and is headquartered in Mountain View, California.Show more
- Revenue$176M+39.9%
- EBITDA-$55M-4.5%
- Net Income-$117M-21.1%
- EPS (Diluted)-1.37+8.1%
- Gross Margin76.8%+2.3%
- EBITDA Margin-31.52%+25.3%
- Operating Margin-36.39%+25.2%
- Net Margin-66.35%+13.4%
- ROE-38.85%
- ROIC-17.29%
- Debt/Equity0.07
- Interest Coverage-4.22-57.0%
HTFL Key Insights
Heartflow, Inc. Common Stock (HTFL) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Company is almost debt free
✗Weaknesses
- ✗Negative free cash flow
- ✗Low quality earnings: Net income not backed by cash flow
- ✗Shares diluted 100.0% in last year
- ✗Expensive at 37.1x book value
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
HTFL Price & Volume
Heartflow, Inc. Common Stock (HTFL) stock price & volume — 10-year historical chart
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HTFL Growth Metrics
Heartflow, Inc. Common Stock (HTFL) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years-
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-
Return on Capital
10 Years-43.78%
5 Years-43.78%
3 Years-43.78%
Last Year-31.86%
HTFL Recent Earnings
Heartflow, Inc. Common Stock (HTFL) EPS & revenue vs analyst estimates — last 3 quarters
●Beat EPS 1/3 qtrs (33%)●Beat Revenue 2/3 qtrs (67%)
Q2 2026Latest
Mar 18, 2026EPS
$0.12
Est $0.17
+30.9%
Revenue
$49M
Est $47M
+5.5%
Q4 2025
Nov 12, 2025EPS
$0.27
Est $0.20
-35.0%
Revenue
$46M
Est $46M
-0.1%
Q4 2025
Sep 19, 2025EPS
$1.46
Est $0.20
-630.0%
Revenue
$43M
Est $43M
+0.5%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 18, 2026 | $0.12vs $0.17+30.9% | $49Mvs $47M+5.5% |
| Q4 2025 | Nov 12, 2025 | $0.27vs $0.20-35.0% | $46Mvs $46M-0.1% |
| Q4 2025 | Sep 19, 2025 | $1.46vs $0.20-630.0% | $43Mvs $43M+0.5% |
Based on last 3 quarters of dataView full earnings history →
HTFL Peer Comparison
Heartflow, Inc. Common Stock (HTFL) competitors in Life Sciences and Precision Medicine Software — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 ISRG | 160.44B | 451.73 | 57.40 | 20.51% | 28.15% | 16.89% | 0.02 | |
 IRTC | 3.87B | 117.70 | -84.68 | 26.24% | -3.53% | -20.6% | 4.79 | |
 RXRX | 1.53B | 3.43 | -2.38 | 26.92% | -8.44% | -54.32% | 0.07 | |
 NVCR | 1.88B | 16.50 | -13.52 | 8.28% | -25.66% | -50.82% | 0.85 | |
 GEHC | 28.08B | 61.74 | 13.57 | 4.84% | 7.54% | 14.45% | 0.94 | |
 SYK | 111.96B | 292.33 | 34.80 | 11.16% | 12.92% | 15.04% | 0.66 | |
 BSX | 83.23B | 56.00 | 28.87 | 19.87% | 14.4% | 12.4% | 0.51 | |
 ABT | 149.97B | 86.25 | 11.29 | 4.59% | 31.88% | 27.26% | 0.32 |
Compare HTFL vs Peers
Heartflow, Inc. Common Stock (HTFL) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
HTFL Income Statement
Heartflow, Inc. Common Stock (HTFL) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|
| Sales/Revenue | 87.17M | 125.81M | 176.03M |
| Revenue Growth % | - | 44.32% | 39.92% |
| Cost of Goods Sold | 29.12M | 31.36M | 40.84M |
| COGS % of Revenue | 33.41% | 24.93% | 23.2% |
| Gross Profit | 58.05M▲ 0% | 94.45M▲ 62.7% | 135.2M▲ 43.1% |
| Gross Margin % | 66.59% | 75.07% | 76.8% |
| Gross Profit Growth % | - | 62.7% | 43.14% |
| Operating Expenses | 130.97M | 155.67M | 199.26M |
| OpEx % of Revenue | 150.23% | 123.74% | 113.2% |
| Selling, General & Admin | 95.11M | 112.15M | 134.34M |
| SG&A % of Revenue | 109.1% | 89.15% | 76.32% |
| Research & Development | 35.85M | 43.52M | 64.92M |
| R&D % of Revenue | 41.13% | 34.59% | 36.88% |
| Other Operating Expenses | 0 | 0 | 0 |
| Operating Income | -72.91M▲ 0% | -61.22M▲ 16.0% | -64.07M▼ 4.6% |
| Operating Margin % | -83.64% | -48.66% | -36.39% |
| Operating Income Growth % | - | 16.04% | -4.65% |
| EBITDA | -65.33M | -53.09M | -55.49M |
| EBITDA Margin % | -74.94% | -42.2% | -31.52% |
| EBITDA Growth % | - | 18.73% | -4.53% |
| D&A (Non-Cash Add-back) | 7.59M | 8.13M | 8.57M |
| EBIT | -70.41M | -73.61M | -64.07M |
| Net Interest Income | -19.24M | -18.7M | -9.63M |
| Interest Income | 5.46M | 4.07M | 5.54M |
| Interest Expense | 24.69M | 22.77M | 15.17M |
| Other Income/Expense | -22.19M | -35.15M | -52.8M |
| Pretax Income | -95.11M▲ 0% | -96.37M▼ 1.3% | -116.87M▼ 21.3% |
| Pretax Margin % | -109.1% | -76.6% | -66.39% |
| Income Tax | 547K | 53K | -76K |
| Effective Tax Rate % | -0.58% | -0.05% | 0.07% |
| Net Income | -95.66M▲ 0% | -96.43M▼ 0.8% | -116.79M▼ 21.1% |
| Net Margin % | -109.73% | -76.65% | -66.35% |
| Net Income Growth % | - | -0.81% | -21.12% |
| Net Income (Continuing) | -95.66M | -96.43M | -116.79M |
| Discontinued Operations | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 |
| EPS (Diluted) | -1.94▲ 0% | -1.49▲ 23.2% | -1.37▲ 8.1% |
| EPS Growth % | - | 23.2% | 8.05% |
| EPS (Basic) | -1.94 | -1.49 | -1.37 |
| Diluted Shares Outstanding | 63.86M | 63.06M | 368.54M |
| Basic Shares Outstanding | 63.86M | 63.06M | 368.54M |
| Dividend Payout Ratio | - | - | - |
HTFL Balance Sheet
Heartflow, Inc. Common Stock (HTFL) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|
| Total Current Assets | 148.45M | 82.29M | 220.2M |
| Cash & Short-Term Investments | 122.77M | 51.37M | 176.79M |
| Cash Only | 122.77M | 51.37M | 44.78M |
| Short-Term Investments | 0 | 0 | 132.01M |
| Accounts Receivable | 22.5M | 27.09M | 29.34M |
| Days Sales Outstanding | 94.2 | 78.6 | 60.84 |
| Inventory | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - |
| Other Current Assets | 598K | 812K | 14.07M |
| Total Non-Current Assets | 36.6M | 36.42M | 139.25M |
| Property, Plant & Equipment | 22.93M | 19.96M | 26.07M |
| Fixed Asset Turnover | 3.80x | 6.30x | 6.75x |
| Goodwill | 0 | 0 | 0 |
| Intangible Assets | 7.95M | 7.77M | 0 |
| Long-Term Investments | 0 | 0 | 103.36M |
| Other Non-Current Assets | 5.72M | 8.69M | 9.81M |
| Total Assets | 185.05M▲ 0% | 118.7M▼ 35.9% | 359.45M▲ 202.8% |
| Asset Turnover | 0.47x | 1.06x | 0.49x |
| Asset Growth % | - | -35.85% | 202.81% |
| Total Current Liabilities | 32.81M | 33.6M | 42.37M |
| Accounts Payable | 2.89M | 2.87M | 3.17M |
| Days Payables Outstanding | 36.18 | 33.41 | 28.32 |
| Short-Term Debt | 0 | 0 | 5.92M |
| Deferred Revenue (Current) | 2.11M | 1.04M | 0 |
| Other Current Liabilities | 3.51M | 2.45M | 33.28M |
| Current Ratio | 4.52x | 2.45x | 5.20x |
| Quick Ratio | 4.52x | 2.45x | 5.20x |
| Cash Conversion Cycle | - | - | - |
| Total Non-Current Liabilities | 929.8M | 944.58M | 16.43M |
| Long-Term Debt | 134.01M | 136.43M | 16.13M |
| Capital Lease Obligations | 21.45M | 18.54M | 16.13M |
| Deferred Tax Liabilities | 0 | 0 | 0 |
| Other Non-Current Liabilities | 774.34M | 789.62M | 303K |
| Total Liabilities | 962.62M | 978.19M | 58.8M |
| Total Debt | 160.6M | 160.38M | 22.05M |
| Net Debt | 37.83M | 109.02M | -22.72M |
| Debt / Equity | - | - | 0.07x |
| Debt / EBITDA | - | - | - |
| Net Debt / EBITDA | - | - | - |
| Interest Coverage | -2.95x | -2.69x | -4.22x |
| Total Equity | -777.56M▲ 0% | -859.48M▼ 10.5% | 300.65M▲ 135.0% |
| Equity Growth % | - | -10.54% | 134.98% |
| Book Value per Share | -12.18 | -13.63 | 0.82 |
| Total Shareholders' Equity | -777.56M | -859.48M | 300.65M |
| Common Stock | 5K | 6K | 85K |
| Retained Earnings | -874.53M | -970.96M | -1.09B |
| Treasury Stock | 0 | 0 | 0 |
| Accumulated OCI | -501K | -772K | -425K |
| Minority Interest | 0 | 0 | 0 |
HTFL Cash Flow Statement
Heartflow, Inc. Common Stock (HTFL) cash flow — operating, investing & free cash flow history
| Line item | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|
| Cash from Operations | -76.43M | -69M | -54.02M |
| Operating CF Margin % | -87.68% | -54.85% | -30.69% |
| Operating CF Growth % | - | 9.72% | 21.71% |
| Net Income | -95.66M | -96.43M | -116.79M |
| Depreciation & Amortization | 7.59M | 8.13M | 8.57M |
| Stock-Based Compensation | 11.87M | 10.21M | 13.96M |
| Deferred Taxes | 0 | 0 | 0 |
| Other Non-Cash Items | 8.3M | 19.96M | 47.89M |
| Working Capital Changes | -8.54M | -10.88M | -7.66M |
| Change in Receivables | -9.35M | -3.85M | -4.89M |
| Change in Inventory | 0 | 0 | 0 |
| Change in Payables | -623K | -327K | 218K |
| Cash from Investing | -6.11M | -4.36M | -238.57M |
| Capital Expenditures | -6.11M | -4.36M | -5.03M |
| CapEx % of Revenue | 7% | 3.46% | 2.85% |
| Acquisitions | 0 | 0 | 0 |
| Investments | - | - | - |
| Other Investing | 0 | 0 | 0 |
| Cash from Financing | 169.32M | 2.24M | 286.04M |
| Debt Issued (Net) | 0 | 0 | -121.9M |
| Equity Issued (Net) | 1000K | 0 | 1000K |
| Dividends Paid | 0 | 0 | 0 |
| Share Repurchases | -228K | 0 | 0 |
| Other Financing | 589K | 2.24M | -510K |
| Net Change in Cash | 86.28M▲ 0% | -71.39M▼ 182.7% | -6.74M▲ 90.6% |
| Free Cash Flow | -82.54M▲ 0% | -73.36M▲ 11.1% | -59.05M▲ 19.5% |
| FCF Margin % | -94.68% | -58.31% | -33.54% |
| FCF Growth % | - | 11.12% | 19.51% |
| FCF per Share | -1.29 | -1.16 | -0.16 |
| FCF Conversion (FCF/Net Income) | 0.80x | 0.72x | 0.46x |
| Interest Paid | 20.8M | 19.16M | 0 |
| Taxes Paid | 405K | 0 | 0 |
HTFL Key Ratios
Heartflow, Inc. Common Stock (HTFL) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2023 | 2024 | 2025 |
|---|---|---|---|
| Return on Equity (ROE) | - | - | -38.85% |
| Return on Invested Capital (ROIC) | - | - | -17.29% |
| Gross Margin | 66.59% | 75.07% | 76.8% |
| Net Margin | -109.73% | -76.65% | -66.35% |
| Debt / Equity | - | - | 0.07x |
| Interest Coverage | -2.95x | -2.69x | -4.22x |
| FCF Conversion | 0.80x | 0.72x | 0.46x |
| Revenue Growth | - | 44.32% | 39.92% |
HTFL SEC Filings & Documents
Heartflow, Inc. Common Stock (HTFL) SEC filings — annual & quarterly reports (10-K, 10-Q)
HTFL Frequently Asked Questions
Heartflow, Inc. Common Stock (HTFL) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Heartflow, Inc. Common Stock (HTFL) reported $176.0M in revenue for fiscal year 2025. This represents a 102% increase from $87.2M in 2023.
Heartflow, Inc. Common Stock (HTFL) grew revenue by 39.9% over the past year. This is strong growth.
Heartflow, Inc. Common Stock (HTFL) reported a net loss of $116.8M for fiscal year 2025.
Dividend & Returns
Heartflow, Inc. Common Stock (HTFL) has a return on equity (ROE) of -38.8%. Negative ROE indicates the company is unprofitable.
Heartflow, Inc. Common Stock (HTFL) had negative free cash flow of $59.0M in fiscal year 2025, likely due to heavy capital investments.
Explore More HTFL
Heartflow, Inc. Common Stock (HTFL) financial analysis — history, returns, DCA and operating performance tools
Full HTFL Stock Analysis
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Dividend History
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Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates