HeartCore Enterprises, Inc. (HTCR) Revenue History
Annual and quarterly revenue from 2019 to 2024
Compound Annual Growth Rate (CAGR)
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Revenue Growth Metrics
Revenue Breakdown (FY 2023)
HTCR's revenue distribution by segment and geography for fiscal year 2023
By Product/Segment
HTCR Revenue Analysis (2019–2024)
As of February 28, 2026, HeartCore Enterprises, Inc. (HTCR) generated trailing twelve-month (TTM) revenue of $14.8 million, reflecting significant decline in growth of -83.2% year-over-year. The most recent quarter (Q3 2025) recorded $3.0 million in revenue, down 37.0% sequentially.
Looking at the longer-term picture, HTCR's 5-year compound annual growth rate (CAGR) stands at +33.4%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $30.4 million in 2024, representing a new all-time high.
Revenue diversification analysis shows HTCR's business is primarily driven by Software as a Service (SaaS) (34%), Process Mining (21%), and Task Mining (20%).
When compared to Technology sector peers including CRM (+9.6% YoY), HUBS (+19.2% YoY), and PEGA (+17.0% YoY), HTCR has underperformed the peer group in terms of revenue growth. Compare HTCR vs CRM →
Peer Comparison
Compare HTCR's revenue metrics with industry peers
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| HTCRCurrent | $15M | -83.2% | +33.4% | 0.2% | |
| CRM | $41.5B | +9.6% | +14.3% | 21.5% | |
| HUBS | $3.1B | +19.2% | +28.8% | 0.2% | |
| PEGA | $1.7B | +17.0% | +11.4% | 15.1% | |
| FRSH | $720M | +16.4% | +33.1% | -19.2% | |
| CXM | $796M | +6.5% | +19.7% | 3.0% |
Historical Revenue Data
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $30.4M | +39.2% | $17.8M | 58.6% | $65K | 0.2% |
| 2023 | $21.8M | +147.7% | $8.1M | 36.9% | $-4,119,355 | -18.9% |
| 2022 | $8.8M | -18.5% | $3.4M | 38.0% | $-6,696,079 | -75.9% |
| 2021 | $10.8M | +19.9% | $5.2M | 47.9% | $59K | 0.5% |
| 2020 | $9.0M | +25.2% | $4.0M | 44.5% | $259K | 2.9% |
| 2019 | $7.2M | - | $2.7M | 36.9% | $-1,266,872 | -17.6% |
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Start ComparisonFrequently Asked Questions
Is HTCR's revenue growth accelerating or slowing?
HTCR revenue declined -83.2% year-over-year, contrasting with the 5-year CAGR of +33.4%. TTM revenue fell to $15M. This reverses the prior growth trend.
What is HTCR's long-term revenue growth rate?
HeartCore Enterprises, Inc.'s 5-year revenue CAGR of +33.4% reflects the variable expansion pattern. Current YoY growth of -83.2% is below this long-term average.
How is HTCR's revenue distributed by segment?
HTCR reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2019-2024 are available for download. Segment mix reveals concentration and diversification trends.