3 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $176M | -$117M | 76.8% | -36.4% | -$59M | — | $45M |
| 2024 | $126M | -$96M | 75.1% | -48.7% | -$73M | — | $51M |
| 2023 | $87M | -$96M | 66.6% | -83.6% | -$83M | — | $123M |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $53M | -$27M | 80.2% | -56.1% | -$32M | — | $20M |
| Dec '25 | $49M | -$24M | 79.5% | -36.1% | -$12M | — | $45M |
| Sep '25 | $46M | -$51M | 76.5% | -32.6% | -$4M | — | $291M |
| Jun '25 | $43M | -$9M | 75.5% | -31.6% | — | — | $80M |
| Mar '25 | $37M | -$32M | 75.1% | -47.0% | -$14M | — | $110M |
| Dec '24 | $35M | -$33M | 75.0% | -45.9% | -$14M | — | $51M |
| Sep '24 | $33M | -$19M | 75.7% | -45.3% | -$11M | — | $65M |
| Jun '24 | $31M | -$23M | 76.8% | -45.7% | — | — | $75M |
| Mar '24 | — | -$21M | — | — | — | — | — |
How the market has priced HTFL against its own fundamentals since 2025-08 — 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.
Over the past 2 years, Heartflow, Inc.'s revenue has grown 42.1% per year. These are computed facts, not advice.
As of FY2025, Heartflow, Inc. reported — of total debt against $45M of cash; operating income covered interest expense -4.2×.
In FY2025, gross margin was 76.8%, operating margin -36.4%, and net margin -66.3%.
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.