BEAT

MKT CAP:$32M

HeartBeam, Inc.

Market Cap

$32M

Healthcare·Medical - Healthcare Information Services·🇺🇸 United States·NASDAQ

Healthcare·Medical·🇺🇸·NASDAQ

Stock Price

$0.91-$1.52 (-62.35%)

Apr 22, 2026

Company Details

HeartBeam, Inc., a medical technology company, primarily focuses on telemedicine solutions for the detection and monitoring of cardiac disease outside a healthcare facility setting. The company also focuses on providing diagnostic data to p...

CEO

Robert Eno

IPO Date

Nov 11, 2021

Website

www.heartbeam.com

Key Metrics TTM

Revenue

$0

— YoY

Net Income

-$21M

EPS (Diluted)

-$0.63

Free Cash Flow

-$15M

Revenue / Share

$0.00

Gross Margin

—

Operating Margin

—

Net Margin

—

FCF Margin

—

P/S

—

P/E

—

Earnings Reports

Q1 2026

May 12, 2026

PENDING

FY 2025

Mar 12, 2026

$0EPS -$0.62

Q4 2025

Mar 12, 2026

$0EPS -$0.15

Q3 2025

Nov 13, 2025

$0EPS -$0.15

Q2 2025

Aug 13, 2025

$0EPS -$0.15

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$0	$0	-$2M
Q2 22	$0	$0	-$4M
Q3 22	$0	$0	-$4M
Q4 22	$0	$0	-$4M
Q1 23	$0	$0	-$4M
Q2 23	$0	$0	-$3M
Q3 23	$0	$0	-$4M
Q4 23	$0	$0	-$4M
Q1 24	$0	$0	-$5M
Q2 24	$0	$0	-$5M
Q3 24	$0	$0	-$5M
Q4 24	$0	$0	-$5M
Q1 25	$0	$0	-$6M
Q2 25	$0	$0	-$5M
Q3 25	$0	-$8.0K	-$5M
Q4 25	$0	$8.0K	-$5M

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	-$2M	-$2M
Q2 22	-$2M	-$2M
Q3 22	-$3M	-$3M
Q4 22	-$3M	-$3M
Q1 23	-$3M	-$3M
Q2 23	-$4M	-$4M
Q3 23	-$2M	-$2M
Q4 23	-$3M	-$3M
Q1 24	-$3M	-$4M
Q2 24	-$4M	-$4M
Q3 24	-$3M	-$3M
Q4 24	-$4M	-$4M
Q1 25	-$4M	-$4M
Q2 25	-$3M	-$4M
Q3 25	-$3M	-$3M
Q4 25	-$3M	-$3M

Capital Expenditures

Quarter	CapEx
Q1 22	$0
Q2 22	$0
Q3 22	$0
Q4 22	$0
Q1 23	$0
Q2 23	$0
Q3 23	$144.0K
Q4 23	$112.0K
Q1 24	$88.0K
Q2 24	$10.0K
Q3 24	$103.0K
Q4 24	$0
Q1 25	$0
Q2 25	$102.0K
Q3 25	$82.0K
Q4 25	$416.0K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	—	+1217.8%
Q2 22	—	+949.0%
Q3 22	—	+709.4%
Q4 22	—	+178.8%
Q1 23	—	+93.5%
Q2 23	—	-6.3%
Q3 23	—	+3.5%
Q4 23	—	+9.9%
Q1 24	—	+15.1%
Q2 24	—	+53.7%
Q3 24	—	+35.6%
Q4 24	—	+20.3%
Q1 25	—	+15.1%
Q2 25	—	-1.0%
Q3 25	—	+4.4%
Q4 25	—	+7.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$159.0K	—
Q2 22	$264.0K	—
Q3 22	$351.4K	—
Q4 22	$346.0K	—
Q1 23	$393.0K	—
Q2 23	$702.0K	—
Q3 23	$926.0K	—
Q4 23	$1M	—
Q1 24	$1M	—
Q2 24	$1M	—
Q3 24	$1M	—
Q4 24	$999.0K	—
Q1 25	$1M	—
Q2 25	$1M	—
Q3 25	$1M	—
Q4 25	$1M	—

OpEx Breakdown

Quarter	R&D	G&A	SG&A
Q1 22	$734.0K	$1M	—
Q2 22	$2M	$2M	—
Q3 22	$2M	$2M	—
Q4 22	$2M	$2M	—
Q1 23	$2M	$2M	—
Q2 23	$1M	$2M	—
Q3 23	$2M	$2M	—
Q4 23	$2M	$2M	—
Q1 24	$2M	$2M	—
Q2 24	$3M	$2M	—
Q3 24	$3M	$2M	—
Q4 24	$3M	$2M	—
Q1 25	$3M	$2M	—
Q2 25	$3M	$2M	—
Q3 25	$3M	—	$2M
Q4 25	$3M	$2M	—

Revenue Segments

Quarter

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$11M	$0	$11M
Q2 22	$9M	$0	$9M
Q3 22	$7M	$0	$7M
Q4 22	$4M	$0	$4M
Q1 23	$990.0K	$0	$990.0K
Q2 23	$17M	$4M	$21M
Q3 23	$19M	$0	$19M
Q4 23	$16M	$0	$16M
Q1 24	$13M	$0	$13M
Q2 24	$9M	$0	$9M
Q3 24	$6M	$0	$6M
Q4 24	$2M	$0	$2M
Q1 25	$4M	$4M	$8M
Q2 25	$3M	$2M	$5M
Q3 25	$2M	$0	$2M
Q4 25	$4M	$0	$4M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	8M	+3.5%	-1.0%
Q2 22	8M	+0.8%	-0.3%
Q3 22	8M	+0.0%	+4.3%
Q4 22	8M	-1.7%	+2.6%
Q1 23	8M	+2.7%	+1.7%
Q2 23	20M	+139.5%	+141.7%
Q3 23	26M	+34.3%	+224.6%
Q4 23	26M	-0.5%	+228.7%
Q1 24	27M	+0.7%	+222.4%
Q2 24	27M	+0.2%	+34.9%
Q3 24	27M	+0.7%	+1.1%
Q4 24	27M	-0.0%	+1.6%
Q1 25	30M	+13.6%	+14.6%
Q2 25	34M	+11.4%	+27.4%
Q3 25	34M	+1.7%	+28.6%
Q4 25	34M	-2.0%	+26.0%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$0	5
Q2 22	$0	5
Q3 22	$0	5
Q4 22	$0	15
Q1 23	$0	15
Q2 23	$0	15
Q3 23	$0	15
Q4 23	$0	15
Q1 24	$0	15
Q2 24	$0	15
Q3 24	$0	15
Q4 24	$0	21
Q1 25	$0	21
Q2 25	$0	21
Q3 25	$0	21
Q4 25	$0	16

Revenue / Employee