marketcaparena
Search

    HTFL

    Heartflow, Inc.

    Company overview

    Market capitalization
    $4.34B
    Employees
    843
    Latest publication
    2026-09-29
    About Heartflow, Inc.

    HeartFlow, Inc., a medical technology company, provides non-invasive solutions for diagnosing and managing coronary artery diseases the United States and worldwide. Its HeartFlow Platform uses AI and computational fluid dynamics to creates a personalized 3D model of a patient's heart from a single coronary computed tomography angiography, a specialized type of scan that provides detailed images of the heart's arteries. The company provides Heartflow RoadMap Analysis that offers an intuitive anatomic visualization of the coronary arteries; Heartflow FFRCT Analysis, which calculates blood flow and pinpoints clinically; and Heartflow Plaque Analysis that provides a comprehensive assessment of coronary plaque, enabling optimized medical treatment strategies. Its platform provides insights on blood flow, stenosis, and plaque volume and composition by overcoming the limitations of traditional non-invasive imaging tests. HeartFlow, Inc. was formerly known as Cardiovascular Simulation, Inc. and changed its name to HeartFlow, Inc. in May 2009. The company was incorporated in 2007 and is headquartered in Mountain View, California.

    Company website

    Financial statements

    Income Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USDQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USD
    Total Revenue64,082,000USD52,587,000USD49,130,000USD46,276,000USD43,424,000USD37,205,000USD34,977,000USD32,934,000USD
    Cost Of Revenue10,892,000USD10,423,000USD10,067,000USD10,861,000USD10,646,000USD9,264,000USD8,727,000USD7,997,000USD
    Gross Profit53,190,000USD42,164,000USD39,063,000USD35,415,000USD32,778,000USD27,941,000USD26,250,000USD24,937,000USD
    Research Development26,261,000USD21,620,000USD18,665,000USD17,297,000USD15,032,000USD13,924,000USD12,279,000USD11,863,000USD
    Selling General Administrative14,248,000USD42,566,000USD38,148,000USD33,217,000USD31,461,000USD31,519,000USD30,029,000USD28,003,000USD
    Selling And Marketing Expenses30,581,000USD———————
    General And Administrative Expenses14,248,000USD———————
    Total Operating Expenses71,090,000USD64,186,000USD56,813,000USD50,514,000USD46,493,000USD45,443,000USD42,308,000USD39,866,000USD
    Operating Income-17,900,000USD-22,022,000USD-17,750,000USD-15,099,000USD-13,715,000USD-17,502,000USD-16,058,000USD-14,929,000USD
    Total Other Income Expense Net2,179,000USD-5,335,000USD-6,810,000USD-35,726,000USD4,578,000USD-14,843,000USD-16,912,000USD-4,211,000USD
    Interest Income2,305,000USD2,464,000USD2,635,000USD1,725,000USD635,000USD543,000USD592,000USD820,000USD
    Income Before Tax-15,721,000USD-27,357,000USD-24,560,000USD-50,825,000USD-9,137,000USD-32,345,000USD-32,970,000USD-19,140,000USD
    Income Tax Expense22,000USD23,000USD-165,000USD30,000USD59,000USD-296,000USD5,000USD—
    Net Income-15,743,000USD-27,380,000USD-24,395,000USD-50,855,000USD-9,196,000USD-32,345,000USD-32,975,000USD-19,140,000USD
    Interest Expense—3,000USD8,000USD3,451,000USD6,621,000USD5,093,000USD5,152,000USD5,298,000USD
    Net Interest Income—2,461,000USD2,627,000USD-1,726,000USD-5,986,000USD-4,550,000USD-4,560,000USD-4,478,000USD
    Tax Provision—23,000USD-165,000USD30,000USD59,000USD0USD5,000USD0USD
    Net Income From Continuing Ops—-27,380,000USD-24,395,000USD-50,855,000USD-9,196,000USD-32,345,000USD-32,975,000USD-19,140,000USD
    Ebit—-22,022,000USD-24,552,000USD-47,374,000USD-2,516,000USD-27,252,000USD-27,818,000USD-13,842,000USD
    Ebitda—-19,588,000USD-22,306,000USD-45,286,000USD-371,000USD-25,158,000USD-25,483,000USD-11,769,000USD
    Depreciation And Amortization—2,434,000USD2,246,000USD2,088,000USD2,145,000USD2,094,000USD2,335,000USD2,073,000USD
    Reconciled Depreciation—2,434,000USD2,246,000USD2,088,000USD2,145,000USD2,094,000USD2,335,000USD2,073,000USD
    SourceDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Income Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USD
    Total Revenue176,034,000USD125,808,000USD87,174,000USD
    Cost Of Revenue40,837,000USD31,359,000USD29,123,000USD
    Gross Profit135,197,000USD94,449,000USD58,051,000USD
    Research Development64,918,000USD43,517,000USD35,854,000USD
    Selling General Administrative134,345,000USD112,154,000USD95,111,000USD
    Total Operating Expenses199,263,000USD155,671,000USD130,965,000USD
    Operating Income-64,066,000USD-61,222,000USD-72,914,000USD
    Interest Income5,538,000USD4,066,000USD5,457,000USD
    Interest Expense15,173,000USD22,768,000USD24,694,000USD
    Net Interest Income-9,635,000USD-18,702,000USD-19,237,000USD
    Income Before Tax-116,867,000USD-96,373,000USD-95,108,000USD
    Income Tax Expense-76,000USD53,000USD547,000USD
    Tax Provision-76,000USD53,000USD547,000USD
    Net Income-116,791,000USD-96,426,000USD-95,655,000USD
    Net Income From Continuing Ops-116,791,000USD-96,426,000USD-95,655,000USD
    Ebit-101,694,000USD-73,605,000USD-70,414,000USD
    Ebitda-93,121,000USD-65,470,000USD-62,825,000USD
    Depreciation And Amortization8,573,000USD8,135,000USD7,589,000USD
    Reconciled Depreciation8,573,000USD8,135,000USD7,589,000USD
    Total Other Income Expense Net-52,801,000USD-35,151,000USD-22,194,000USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Balance sheet Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USDQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USD
    Total Assets344,463,000USD344,025,000USD359,452,000USD364,398,000USD159,363,000USD184,441,000USD118,704,000USD—
    Cash And Equivalents34,362,000USD———————
    Cash And Short Term Investments162,551,000USD158,316,000USD176,786,000USD291,167,000USD80,210,000USD109,786,000USD51,367,000USD—
    Short Term Investments128,189,000USD138,645,000USD132,010,000USD———0USD—
    Long Term Investments84,289,000USD96,582,000USD103,365,000USD———0USD—
    Total Current Assets223,969,000USD211,830,000USD220,204,000USD325,333,000USD118,442,000USD144,639,000USD82,288,000USD—
    Other Current Assets2,048,000USD17,987,000USD14,075,000USD6,308,000USD6,092,000USD4,088,000USD6,282,000USD—
    Other Non Current Assets6,621,000USD———————
    Total Liabilities64,736,000USD———————
    Total Current Liabilities44,088,000USD38,018,000USD42,370,000USD37,849,000USD32,942,000USD43,408,000USD33,605,000USD—
    Other Non Current Liabilities305,000USD———————
    Total Stockholder Equity279,727,000USD285,718,000USD300,647,000USD254,568,000USD-894,795,000USD-888,995,000USD-859,484,000USD—
    Total Equity Including Noncontrolling Interest279,727,000USD———————
    Deferred Revenue861,000USD———————
    Net Receivables42,761,000USD35,527,000USD29,343,000USD27,858,000USD32,140,000USD30,765,000USD24,639,000USD—
    Property Plant Equipment Net24,882,000USD24,236,000USD26,075,000USD25,092,000USD18,955,000USD19,764,000USD27,725,000USD—
    Accounts Payable4,937,000USD5,750,000USD3,169,000USD1,958,000USD1,786,000USD1,972,000USD2,870,000USD—
    Short Term Debt6,784,000USD6,382,000USD5,922,000USD5,523,000USD5,492,000USD5,453,000USD5,416,000USD—
    Common Stock87,000USD86,000USD85,000USD83,000USD6,000USD6,000USD6,000USD—
    Retained Earnings-1,130,873,000USD-1,115,130,000USD-1,087,750,000USD-1,063,355,000USD-1,012,500,000USD-1,003,304,000USD-970,959,000USD—
    Accumulated Other Comprehensive Income-898,000USD-685,000USD-425,000USD-512,000USD-717,000USD-1,008,000USD-772,000USD—
    Total Liab—58,307,000USD58,805,000USD109,830,000USD1,054,158,000USD1,073,436,000USD978,188,000USD—
    Other Current Liab—25,886,000USD33,279,000USD29,848,000USD25,244,000USD32,562,000USD24,278,000USD—
    Capital Stock—86,000USD85,000USD83,000USD6,000USD6,000USD6,000USD—
    Cash—19,671,000USD44,776,000USD291,167,000USD80,210,000USD109,786,000USD51,367,000USD—
    Net Debt—6,678,000USD-22,722,000USD-269,378,000USD124,940,000USD93,495,000USD109,017,000USD—
    Short Long Term Debt Total—26,349,000USD22,054,000USD21,789,000USD205,150,000USD203,281,000USD160,384,000USD—
    Property Plant Equipment Gross—38,164,000USD38,580,000USD80,653,000USD26,090,000USD26,619,000USD79,217,000USD—
    Common Stock Shares Outstanding—368,538,670shares368,538,670shares80,616,619shares80,616,619shares63,861,708shares63,461,117shares63,861,708shares
    Non Current Assets Total—132,195,000USD139,248,000USD39,065,000USD40,921,000USD39,802,000USD36,416,000USD—
    Non Current Liabilities Total—20,289,000USD16,435,000USD71,981,000USD1,021,216,000USD1,030,028,000USD944,583,000USD—
    Non Current Liabilities Other—322,000USD303,000USD294,000USD281,000USD248,000USD214,000USD—
    Non Currrent Assets Other—11,377,000USD9,808,000USD9,498,000USD14,957,000USD12,505,000USD53,530,000USD—
    Net Working Capital—173,812,000USD177,834,000USD289,937,000USD85,500,000USD101,231,000USD48,683,000USD—
    Unclassified Non Current Liabilities—19,967,000USD16,132,000USD71,687,000USD838,512,000USD850,125,000USD807,938,000USD—
    Unclassified Equity—1,401,361,000USD1,388,652,000USD1,318,269,000USD118,410,000USD115,305,000USD112,235,000USD—
    Current Deferred Revenue———520,000USD420,000USD3,421,000USD1,041,000USD—
    Unclassified Non Current Assets———4,475,000USD——-44,839,000USD—
    Intangible Assets————7,009,000USD7,533,000USD-44,839,000USD—
    Long Term Debt————182,423,000USD179,655,000USD136,431,000USD—
    SourceDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Balance sheet Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USD
    Total Assets359,452,000USD118,704,000USD185,051,000USD
    Other Current Assets14,075,000USD3,829,000USD3,181,000USD
    Total Liab58,805,000USD978,188,000USD962,615,000USD
    Total Stockholder Equity300,647,000USD-859,484,000USD-777,564,000USD
    Other Current Liab32,652,000USD24,278,000USD22,681,000USD
    Common Stock85,000USD6,000USD5,000USD
    Capital Stock85,000USD6,000USD5,000USD
    Retained Earnings-1,087,750,000USD-970,959,000USD-874,533,000USD
    Cash44,776,000USD51,367,000USD122,767,000USD
    Cash And Short Term Investments176,786,000USD51,367,000USD122,767,000USD
    Total Current Assets220,204,000USD82,288,000USD148,447,000USD
    Total Current Liabilities42,370,000USD33,605,000USD32,815,000USD
    Current Deferred Revenue627,000USD1,041,000USD2,109,000USD
    Net Debt-22,722,000USD109,017,000USD37,833,000USD
    Short Term Debt5,922,000USD5,416,000USD5,138,000USD
    Short Long Term Debt Total22,054,000USD160,384,000USD160,600,000USD
    Long Term Investments103,365,000USD0USD—
    Short Term Investments132,010,000USD0USD—
    Net Receivables29,343,000USD27,092,000USD22,499,000USD
    Accounts Payable3,169,000USD2,870,000USD2,887,000USD
    Property Plant Equipment Net26,075,000USD19,958,000USD22,934,000USD
    Property Plant Equipment Gross38,580,000USD26,611,000USD33,012,000USD
    Accumulated Other Comprehensive Income-425,000USD-772,000USD-501,000USD
    Common Stock Shares Outstanding368,538,670shares63,060,526shares63,861,708shares
    Non Current Assets Total139,248,000USD36,416,000USD36,604,000USD
    Non Current Liabilities Total16,435,000USD944,583,000USD929,800,000USD
    Non Current Liabilities Other303,000USD214,000USD429,000USD
    Non Currrent Assets Other9,808,000USD8,691,000USD5,722,000USD
    Net Working Capital177,834,000USD48,683,000USD115,632,000USD
    Unclassified Non Current Liabilities16,132,000USD807,938,000USD795,363,000USD
    Unclassified Equity1,388,652,000USD112,235,000USD97,460,000USD
    Intangible Assets—7,767,000USD7,948,000USD
    Long Term Debt—136,431,000USD134,008,000USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow YTD

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USD
    Depreciation2,643,000USD
    Stock Based Compensation14,466,000USD
    Change To Account Receivables-13,418,000USD
    Change To Liabilities1,745,000USD
    Change In Working Capital-17,779,000USD
    Operating Cash Flow-38,681,000USD
    Capital Expenditures-3,813,000USD
    Net Investments23,610,000USD
    Investing Cash Flow19,797,000USD
    Net Common Stock Issuance-1,646,000USD
    Unclassified Financing Cash Flow9,856,000USD
    Financing Cash Flow8,210,000USD
    Effect Of Forex Changes On Cash253,000USD
    Change In Cash-10,421,000USD
    End Cash Flow39,064,000USD
    SourceDisclosureDeterministicFinal

    Cash flow Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USDQ2 20242024-06-30 · USD
    Net Income-27,380,000USD-24,395,000USD-50,855,000USD-9,196,000USD-32,345,000USD-32,975,000USD-19,140,000USD-23,379,000USD
    Depreciation2,434,000USD2,246,000USD2,088,000USD2,145,000USD2,094,000USD2,335,000USD2,073,000USD1,854,000USD
    Stock Based Compensation6,554,000USD5,260,000USD3,960,000USD2,253,000USD2,492,000USD2,514,000USD2,336,000USD2,640,000USD
    Other Non Cash Items13,200,000USD7,991,000USD35,222,000USD-7,444,000USD12,124,000USD12,674,000USD1,435,000USD4,864,000USD
    Change To Account Receivables-6,184,000USD-1,844,000USD1,829,000USD-1,276,000USD-3,601,000USD-1,310,000USD1,034,000USD-5,028,000USD
    Change In Working Capital-18,358,000USD-1,698,000USD6,628,000USD-15,062,000USD2,469,000USD1,414,000USD3,029,000USD-8,542,000USD
    Total Cash From Operating Activities-30,104,000USD-10,596,000USD-2,957,000USD-27,304,000USD-13,166,000USD-14,038,000USD-10,267,000USD-22,563,000USD
    Capital Expenditures-1,889,000USD-1,899,000USD-1,235,000USD-790,000USD-1,101,000USD-332,000USD-1,020,000USD-1,256,000USD
    Free Cash Flow-31,993,000USD-12,495,000USD-4,192,000USD-28,094,000USD-14,267,000USD-14,370,000USD-11,287,000USD-23,819,000USD
    Investments462,000USD—-1,235,000USD-790,000USD-1,101,000USD-332,000USD-1,020,000USD-1,256,000USD
    Total Cashflows From Investing Activities-1,427,000USD-235,442,000USD-1,235,000USD-790,000USD-1,101,000USD-332,000USD-1,020,000USD-1,256,000USD
    Net Borrowings0USD0USD-115,181,000USD-1,047,000USD73,860,000USD0USD0USD—
    Total Cash From Financing Activities6,157,000USD-50,000USD214,944,000USD-1,773,000USD72,922,000USD851,000USD983,000USD326,000USD
    Issuance Of Capital Stock3,288,000USD-397,000USD——0USD0USD——
    Change In Cash-25,105,000USD-246,391,000USD210,957,000USD-29,576,000USD58,419,000USD-13,286,000USD-10,709,000USD-23,593,000USD
    Begin Period Cash Flow44,776,000USD291,167,000USD80,210,000USD114,261,000USD55,842,000USD69,128,000USD79,837,000USD103,430,000USD
    End Period Cash Flow19,671,000USD44,776,000USD291,167,000USD84,685,000USD114,261,000USD55,842,000USD69,128,000USD79,837,000USD
    Other Cashflows From Financing Activities-473,000USD286,482,000USD214,944,000USD499,000USD-938,000USD-518,000USD-518,000USD326,000USD
    Unclassified Operating Cash Flow-6,554,000USD———————
    Unclassified Financing Cash Flow3,342,000USD-286,135,000USD115,181,000USD-1,225,000USD—1,369,000USD1,501,000USD—
    Unclassified Investing Cash Flow—-233,543,000USD1,235,000USD—1,101,000USD—1,020,000USD1,256,000USD
    Sale Purchase Of Stock————0USD———
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USD
    Net Income-116,791,000USD-96,426,000USD-95,655,000USD
    Depreciation8,573,000USD8,135,000USD7,589,000USD
    Stock Based Compensation13,965,000USD10,213,000USD11,874,000USD
    Other Non Cash Items47,893,000USD19,956,000USD8,302,000USD
    Change To Account Receivables-4,892,000USD-3,849,000USD-9,350,000USD
    Change In Working Capital-7,663,000USD-10,879,000USD-8,544,000USD
    Total Cash From Operating Activities-54,023,000USD-69,001,000USD-76,434,000USD
    Capital Expenditures-5,025,000USD-4,357,000USD-6,105,000USD
    Free Cash Flow-59,048,000USD-73,358,000USD-82,539,000USD
    Investments-233,543,000USD-4,357,000USD-6,105,000USD
    Total Cashflows From Investing Activities-238,568,000USD-4,357,000USD-6,105,000USD
    Net Borrowings-42,368,000USD0USD0USD
    Total Cash From Financing Activities286,043,000USD2,237,000USD169,318,000USD
    Sale Purchase Of Stock0USD0USD-228,000USD
    Issuance Of Capital Stock332,387,000USD0USD168,957,000USD
    Change In Cash-6,741,000USD-71,392,000USD86,275,000USD
    Begin Period Cash Flow51,517,000USD127,234,000USD40,959,000USD
    End Period Cash Flow44,776,000USD55,842,000USD127,234,000USD
    Other Cashflows From Financing Activities-510,000USD2,237,000USD169,546,000USD
    Unclassified Financing Cash Flow328,921,000USD——
    Unclassified Investing Cash Flow—4,357,000USD6,105,000USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Operating metrics

    No operating metrics are currently published for this company.

    Revenue breakdown

    PeriodDimensionBusiness / regionRevenueCurrencySource
    Q1 2026Quarterly · 2026-03-31GeographyInternational3,600,000USD0001464521-26-000071
    Q1 2026Quarterly · 2026-03-31GeographyUnited States48,987,000USD0001464521-26-000071
    FY 2025Yearly · 2025-12-31GeographyInternational13,301,000USD0001464521-26-000042
    FY 2025Yearly · 2025-12-31GeographyUnited States162,733,000USD0001464521-26-000042
    Q3 2025Quarterly · 2025-09-30GeographyJapan1,462,000USD0001464521-25-000019
    Q3 2025Quarterly · 2025-09-30GeographyRest Of Europe349,000USD0001464521-25-000019
    Q3 2025Quarterly · 2025-09-30GeographyUnited Kingdom1,519,000USD0001464521-25-000019
    Q3 2025Quarterly · 2025-09-30GeographyUnited States42,946,000USD0001464521-25-000019
    Q2 2025Quarterly · 2025-06-30GeographyJapan1,527,000USD0001464521-25-000012
    Q2 2025Quarterly · 2025-06-30GeographyRest Of Europe348,000USD0001464521-25-000012
    Q2 2025Quarterly · 2025-06-30GeographyUnited Kingdom1,562,000USD0001464521-25-000012
    Q2 2025Quarterly · 2025-06-30GeographyUnited States39,987,000USD0001464521-25-000012
    Q1 2025Quarterly · 2025-03-31GeographyInternational2,907,000USD0001464521-26-000071
    Q1 2025Quarterly · 2025-03-31GeographyUnited States34,298,000USD0001464521-26-000071
    FY 2024Yearly · 2024-12-31GeographyInternational10,772,000USD0001464521-26-000042
    FY 2024Yearly · 2024-12-31GeographyUnited States115,036,000USD0001464521-26-000042
    Q3 2024Quarterly · 2024-09-30GeographyJapan1,109,000USD0001464521-25-000019
    Q3 2024Quarterly · 2024-09-30GeographyRest Of Europe354,000USD0001464521-25-000019
    Q3 2024Quarterly · 2024-09-30GeographyUnited Kingdom1,301,000USD0001464521-25-000019
    Q3 2024Quarterly · 2024-09-30GeographyUnited States30,170,000USD0001464521-25-000019
    Q2 2024Quarterly · 2024-06-30GeographyJapan1,012,000USD0001464521-25-000012
    Q2 2024Quarterly · 2024-06-30GeographyRest Of Europe345,000USD0001464521-25-000012
    Q2 2024Quarterly · 2024-06-30GeographyUnited Kingdom1,291,000USD0001464521-25-000012
    Q2 2024Quarterly · 2024-06-30GeographyUnited States28,406,000USD0001464521-25-000012
    FY 2023Yearly · 2023-12-31GeographyInternational9,449,000USD0001464521-26-000042
    FY 2023Yearly · 2023-12-31GeographyUnited States77,725,000USD0001464521-26-000042

    Periods follow company fiscal calendars. Quarterly, annual and year-to-date amounts are shown separately. Missing values are not zero. Data may be delayed, incomplete or corrected; follow the disclosure links to verify figures.