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HSCS Financials HeartSciences Inc.

5 years of revenue, profit, cash flow and balance-sheet history through FY2026, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has declined 26.0% per year over the past 4 years.
  • Operating margin has contracted, at -194787.4% in the latest year.

Financial health

  • Operating income covered interest expense -11.2× in the latest year.
  • The company is unprofitable and has less than a year of cash runway at its current free-cash-flow burn.
Revenue & net income
-$9M -$5M $18600 $0 2022 2023 2024 2025 2026
RevenueNet income
Margins (gross / operating / net)
-211666% -105800% 67% 0% 2022 2023 2024 2025 2026
GrossOperatingNet
Return on equity & assets (ROE / ROA)
-4272% -2096% 80% 0% 2022 2023 2024 2025 2026
ROEROA
Free cash flow (CFO − capex)
-$7M -$4M $0 2022 2023 2024 2025 2026
Free cash flow
Cash vs total debt
$0 $3M $6M 2022 2023 2024 2025 2026
CashTotal debt
Cash flow: operating / investing / financing
-$7M $1M $10M $0 2022 2023 2024 2025 2026
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MROEROAFCFTotal debtCash
2026 $4319 -$9M 59.1% -194787.4% -4044.0% -$7M $2M
2025 $4350 -$9M 56.8% -192013.1% -4272.2% -207.6% -$7M $1M
2024 $18600 -$7M 67.3% -33902.0% -90.3% -69.5% -$6M $6M
2023 $5150 -$6M 45.7% -118698.3% -2756.1% -193.3% -$6M $2M
2022 $14373 -$5M 45.1% -32765.6% 79.7% -231.1% -$4M $918260

Valuation over time

How the market has priced HSCS against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / sales (P/S)
0.0 37655.7 75311.4 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/S

Frequently asked questions

Is HSCS growing its revenue and profit?

Over the past 4 years, HeartSciences Inc.'s revenue has declined 26.0% per year. These are computed facts, not advice.

How much debt does HSCS have?

As of FY2026, HeartSciences Inc. reported — of total debt against $2M of cash; operating income covered interest expense -11.2×.

What is HSCS's profit margin?

In FY2026, gross margin was 59.1%, operating margin -194787.4%, and net margin -211666.5%.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.