HTBK (Heritage Commerce Corp) Stock Financials & Earnings | Market Cap Arena

HTBK (Heritage Commerce Corp) Stock Financials & Earnings | Market Cap Arena

HTBKHeritage Commerce Corp

Mkt Cap$758M

Financial Services·Banks - Regional·🇺🇸 United States·NASDAQ

Revenue (TTM)$266M

Net Income (TTM)$48M

EPS (TTM)$0.78

Free Cash Flow (TTM)$61M

Gross Margin72.6%

Op. Margin25.4%

Net Margin18.0%

FCF Margin23.0%

P/S Ratio (TTM)2.8x

P/E Ratio (TTM)15.9x

YoY Rev Growth+5.8%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$59M	$52M	$27M
Q2 23	$60M	$48M	$23M
Q3 23	$62M	$47M	$22M
Q4 23	$62M	$46M	$18M
Q1 24	$59M	$41M	$14M
Q2 24	$60M	$40M	$13M
Q3 24	$63M	$41M	$14M
Q4 24	$69M	$48M	$15M
Q1 25	$64M	$45M	$16M
Q2 25	$65M	$46M	$9M
Q3 25	$67M	$48M	$21M
Q4 25	$70M	$54M	$22M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	3.5x	10.4x
Q2 23	3.3x	10.2x
Q3 23	3.2x	10.5x
Q4 23	3.1x	11.8x
Q1 24	3.1x	13.6x
Q2 24	3.1x	15.6x
Q3 24	3.1x	17.5x
Q4 24	3.0x	18.7x
Q1 25	3.0x	18.1x
Q2 25	2.9x	19.4x
Q3 25	2.9x	17.5x
Q4 25	2.8x	15.9x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$30M	$30M
Q2 23	$31M	$30M
Q3 23	$17M	$16M
Q4 23	-$5M	-$5M
Q1 24	$7M	$7M
Q2 24	$11M	$10M
Q3 24	$5M	$5M
Q4 24	$16M	$16M
Q1 25	$15M	$15M
Q2 25	$8M	$8M
Q3 25	$19M	$19M
Q4 25	$20M	$20M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$113K
Q2 23	$329K
Q3 23	$792K
Q4 23	$437K
Q1 24	$429K
Q2 24	$653K
Q3 24	$436K
Q4 24	$106K
Q1 25	$0
Q2 25	$286K
Q3 25	$28K
Q4 25	$307K

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+38.3%	+31.3%
Q2 23	+31.2%	+49.0%
Q3 23	+18.7%	+50.7%
Q4 23	+7.8%	+54.5%
Q1 24	+0.4%	+38.7%
Q2 24	+0.9%	+28.8%
Q3 24	+0.9%	+20.8%
Q4 24	+11.0%	+24.0%
Q1 25	+8.2%	+6.6%
Q2 25	+7.6%	+18.4%
Q3 25	+6.9%	-3.7%
Q4 25	+1.3%	-11.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$529K	0.9%
Q2 23	$626K	1.0%
Q3 23	$617K	1.0%
Q4 23	$624K	1.0%
Q1 24	$654K	1.1%
Q2 24	$707K	1.2%
Q3 24	$756K	1.2%
Q4 24	$724K	1.0%
Q1 25	$540K	0.8%
Q2 25	$176K	0.3%
Q3 25	$736K	1.1%
Q4 25	$1M	1.8%

OpEx Breakdown

Quarter	G&A
Q1 23	$17M
Q2 23	$15M
Q3 23	$16M
Q4 23	$14M
Q1 24	$17M
Q2 24	$17M
Q3 24	$17M
Q4 24	$19M
Q1 25	$18M
Q2 25	$18M
Q3 25	$17M
Q4 25	$20M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$740M	$492M	$1.2B
Q2 23	$512M	$486M	$998M
Q3 23	$646M	$457M	$1.1B
Q4 23	$408M	$443M	$851M
Q1 24	$541M	$404M	$946M
Q2 24	$648M	$273M	$921M
Q3 24	$956M	$238M	$1.2B
Q4 24	$968M	$256M	$1.2B
Q1 25	$745M	$371M	$1.1B
Q2 25	$722M	$25M	$747M
Q3 25	$748M	$353M	$1.1B
Q4 25	$22M	$593M	$615M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	61M	-0.1%
Q2 23	61M	-0.0%
Q3 23	61M	+0.3%
Q4 23	61M	-0.0%
Q1 24	61M	+0.1%
Q2 24	61M	-0.1%
Q3 24	62M	+0.2%
Q4 24	62M	+0.2%
Q1 25	62M	+0.0%
Q2 25	62M	-0.1%
Q3 25	62M	-0.1%
Q4 25	62M	+0.1%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$277K	242
FY 15	$44M	2
FY 16	$403K	263
FY 17	$419K	278
FY 18	$462K	302
FY 19	$428K	357
FY 20	$504K	318
FY 21	$514K	317
FY 22	$585K	340
FY 23	$697K	349
FY 24	$6M	40
FY 25	$5M	50