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Other financials

Income statement

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Revenue$52.6M+41.3%
Operating income-$29.5M-68.6%
Net income-$27.4M+15.4%
EPS (diluted)-$0.32+93.9%

Balance sheet

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Cash & equivalents$24.4M-78.7%
Total debt$26.3M
Total equity$285.7M+132%
Total assets$344.0M

Cash flow

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Operating cash flow-$30.1M-129%
CapEx$1.9M+71.6%
Free cash flow-$32.0M-124%

Valuation

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Market cap$2.34B-3.7%
Enterprise value$2.35B
P/S12.3×

Profitability

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Gross margin78.1%+2.4pp
Operating margin-39.7%-4.8pp
Net margin-58.4%-12.1pp
FCF margin-40.1%-2.4pp

Returns & leverage

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Return on equity37.1%
Debt / equity0.1×
Current ratio5.6×

Where this comes from

Calculated from Heartflow, Inc.’s reported figures.

The source filing: Heartflow, Inc.’s 10-Q, filed May 14, 2026.

Filed
May 14, 2026, 4:31 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001464521-26-000071
Line itemThree Months Ended / March 31, 2026Three Months Ended / March 31, 2025
Revenue$52,587$37,205
Cost of revenue10,4239,264
Gross profit42,16427,941
Operating expenses:
Research and development21,62013,924
Selling, general and administrative42,56631,519
Asset impairment charge7,482
Total operating expenses71,66845,443

Item 1. Condensed Consolidated Financial Statements (unaudited)

FAQ

What is Heartflow, Inc.'s gross profit?
Heartflow, Inc. (HTFL) reported gross profit of $42.16M in Q1 2026.
How has Heartflow, Inc.'s gross profit changed year-over-year?
Heartflow, Inc.'s gross profit increased by 50.9% year-over-year, from $27.94M to $42.16M.
What is the long-term trend for Heartflow, Inc.'s gross profit?
Over 2 years (2023 to 2025), Heartflow, Inc.'s gross profit has grown at a 52.6% compound annual growth rate (CAGR), from $58.05M to $135.2M.
What does gross profit mean?
Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

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