HTFL financial statements
The full income statement, balance sheet, and cash-flow statement for Heartflow Inc. (HTFL), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
| Line item | Trend | FY2025 | FY2024 | FY2023 |
|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | |
| Revenue | 176M+39.9% | 126M+44.3% | 87.2M | |
| 135M+43.1% | 94.4M+62.7% | 58.1M | ||
| Cost of revenue | 40.8M+30.2% | 31.4M+7.7% | 29.1M | |
| 199M+28.0% | 156M+18.9% | 131M | ||
| Research & development | 64.9M+49.2% | 43.5M+21.4% | 35.9M | |
| Selling, general & administrative | 134M+19.8% | 112M+17.9% | 95.1M | |
| General & administrative | 39.5M+28.3% | 30.8M-3.1% | 31.8M | |
| Selling & marketing | 19.1M+32.3% | 14.5M+45.4% | 9.95M | |
| Provision for credit losses | 188K+177.0% | -244K-120.5% | 1.19M | |
| Operating income | -64.1M-4.6% | -61.2M+16.0% | -72.9M | |
| Interest expense | 15.2M-33.4% | 22.8M-7.8% | 24.7M | |
| Interest & investment income | 5.54M+36.2% | 4.07M-25.5% | 5.46M | |
| Other non-operating income | -223K-232.7% | 168K-48.3% | 325K | |
| Pre-tax income | -117M-21.3% | -96.4M-1.3% | -95.1M | |
| Income tax | -76.0K-243.4% | 53.0K-90.3% | 547K | |
| -117M-21.1% | -96.4M-0.8% | -95.7M | ||
| Net income to common | -117M-21.1% | -96.4M+22.0% | -124M | |
| -$3.17+82.4% | -$17.98+29.0% | -$25.32 | ||
| EPS (basic) | -$3.17+82.4% | -$17.98+29.0% | -$25.32 | |
| Weighted-avg shares (basic) | 36.9M+587.1% | 5.36M+9.8% | 4.89M | |
| Weighted-avg shares (diluted) | 36.9M+587.1% | 5.36M+9.8% | 4.89M | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | |
| 220M+167.6% | 82.3M | — | ||
| Cash & equivalents | 44.8M-12.8% | 51.4M-58.2% | 123M | |
| Short-term investments | 132M | — | — | |
| Cash & short-term investments | 280M | — | — | |
| Accounts receivable | 29.3M+19.1% | 24.6M | — | |
| Prepaid expenses | 14.1M+129.5% | 6.13M | — | |
| Other current assets | 1.44M+117.8% | 662K | — | |
| 359M+202.8% | 119M | — | ||
| Property, plant & equipment | 8.59M-3.7% | 8.92M | — | |
| Operating lease right-of-use | 17.5M-7.0% | 18.8M | — | |
| Long-term investments | 103M | — | — | |
| Other non-current assets | 5.10M+16.8% | 4.37M | — | |
| 42.4M+26.1% | 33.6M | — | ||
| Accounts payable | 3.17M+10.4% | 2.87M | — | |
| Deferred revenue | 1.16M+11.6% | 1.04M | — | |
| Current lease liability | 5.92M+9.3% | 5.42M | — | |
| 58.8M-71.9% | 210M | — | ||
| Non-current lease liability | 16.1M-13.0% | 18.5M | — | |
| Operating lease liability (total) | 22.1M | — | — | |
| Other non-current liabilities | 303K+41.6% | 214K | — | |
| 301M+135.0% | -859M-10.5% | -778M | ||
| Preferred stock | — | 0.00 | — | |
| Common stock | 85.0K+1316.7% | 6.00K | — | |
| Additional paid-in capital | 1.39B+1137.3% | 112M | — | |
| Retained earnings | -1.09B-12.0% | -971M-88169.0% | -1.10M | |
| Accumulated other comprehensive income | -425K+44.9% | -772K | — | |
| Total liabilities & equity | 359M+202.8% | 119M | — | |
| Common shares issued | 85.3M+1293.0% | 6.12M | — | |
| Common shares outstanding | 85.3M+1293.0% | 6.12M | — | |
| Shares outstanding (cover) | 85.8M | — | — | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | |
| -54.0M+21.7% | -69.0M+9.7% | -76.4M | ||
| Depreciation & amortization | 5.44M+1.5% | 5.36M+12.9% | 4.74M | |
| Share-based compensation | 14.0M+36.7% | 10.2M-14.0% | 11.9M | |
| Change in receivables | 4.89M+27.1% | 3.85M-58.8% | 9.35M | |
| Change in payables | 218K+166.7% | -327K+47.5% | -623K | |
| -239M-5375.5% | -4.36M+28.6% | -6.11M | ||
| Capital expenditure | 5.03M+15.3% | 4.36M-28.6% | 6.11M | |
| Free cash flow | -59.0M+19.5% | -73.4M+11.1% | -82.5M | |
| Acquisitions | 0.00 | 0.00 | 0.00 | |
| Purchases of investments | 234M | — | — | |
| 286M+12686.9% | 2.24M-98.7% | 169M | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 115M | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 0.00 | 0.00-100.0% | 228K | |
| Dividends paid | 0.00 | 0.00 | 0.00 | |
| Net change in cash | -6.36M+91.1% | -71.4M-182.7% | 86.3M | |
| Interest paid | 8.57M-55.3% | 19.2M-7.9% | 20.8M | |
| Income taxes paid | 0.00 | — | 405K | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | |
| Market cap | 2.50B | — | — | |
| P/S | 14.2× | — | — | |
| P/B | 8.3× | — | — | |
| Source filing | 10-K | 10-K | 10-K |
About this data
Source: HTFL’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all HTFL filings on SEC EDGAR → Not investment advice.