HeartCore Enterprises, Inc. (HTCR) Revenue History
Annual and quarterly revenue from 2019 to 2025
Compound Annual Growth Rate (CAGR)
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HTCR Revenue Growth
Revenue Breakdown (FY 2025)
HTCR's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
HTCR Revenue Analysis (2019–2025)
As of May 8, 2026, HeartCore Enterprises, Inc. (HTCR) generated trailing twelve-month (TTM) revenue of $13.2 million, reflecting significant decline in growth of -44.4% year-over-year. The most recent quarter (Q4 2025) recorded $1.9 million in revenue, down 35.9% sequentially.
Looking at the longer-term picture, HTCR's 5-year compound annual growth rate (CAGR) stands at -0.1%, indicating revenue contraction over this period. The company achieved its highest annual revenue of $30.4 million in 2024.
Revenue diversification analysis shows HTCR's business is primarily driven by Consulting Services (100%). With over half of revenue concentrated in Consulting Services, the company maintains significant focus in this area while developing other growth vectors.
When compared to Technology sector peers including MGIC (+12.6% YoY), ALLT (+10.6% YoY), and KARO (+17.9% YoY), HTCR has underperformed the peer group in terms of revenue growth. Compare HTCR vs MGIC →
HTCR Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| HTCRCurrent | $13M | -44.4% | -0.1% | -33.2% | |
 MGIC | $553M | +12.6% | +11.2% | 11.1% | |
 ALLT | $102M | +10.6% | -5.6% | 3.5% | |
 KARO | $4.6B | +17.9% | +17.4% | 28.7% | |
 SPSC | $752M | +13.8% | +19.2% | 15.7% | |
 HUBS | $3.1B | +21.0% | +28.8% | 0.4% |
HTCR Historical Revenue Data (2019–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $9.0M | -70.5% | $3.2M | 35.1% | $-2,975,202 | -33.2% |
| 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 ComparisonHTCR — Frequently Asked Questions
Quick answers to the most common questions about buying HTCR stock.
Is HTCR's revenue growth accelerating or slowing?
HTCR revenue declined -44.4% year-over-year, contrasting with the 5-year CAGR of -0.1%. TTM revenue fell to $13M. This reverses the prior growth trend.
What is HTCR's long-term revenue growth rate?
HeartCore Enterprises, Inc.'s 5-year revenue CAGR of -0.1% reflects the variable expansion pattern. Current YoY growth of -44.4% 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 2019-2025 are available for download. Segment mix reveals concentration and diversification trends.