Heartflow, Inc. income statement

In fiscal 2025, Heartflow, Inc. reported revenue of $176m, up 39.9% on the year before, operating income of −$64.1m (a -36.4% margin) and net income of −$117m, or −$3.17 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Heartflow, Inc.: income statement, annual
Fiscal year	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Revenue	87	126	176	212
Cost of revenue	29	31	41	42
Gross profit	58	94	135	170
Research and development	36	44	65	84
Selling, general and administrative	95	112	134	159
Operating income	−73	−61	−64	−80
Interest expense	25	23	15	3
Income before tax	−95	−96	−117	−118
Income tax	1	0	−0	−0
Net income	−96	−96	−117	−118
Diluted EPS	−$25.32	−$17.98	−$3.17	—
Diluted shares (average)	5m	5m	37m	—
EBITDA	−68	−56	−59	−75

US$ millions unless shown otherwise. Fiscal quarters.

Heartflow, Inc.: income statement, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Revenue	33	35	37	43	46	49	53	64
Cost of revenue	8	9	9	11	11	10	10	11
Gross profit	25	26	28	33	35	39	42	53
Research and development	12	12	14	15	17	19	22	26
Selling, general and administrative	28	30	32	31	33	38	43	45
Operating income	−15	−16	−18	−14	−15	−18	−30	−18
Interest expense	5	5	5	7	3	0	0	0
Income before tax	−19	−33	−32	−9	−51	−25	−27	−16
Income tax	0	0	—	0	0	−0	0	0
Net income	−19	−33	−32	−9	−51	−24	−27	−16
Diluted EPS	−$0.43	−$0.72	−$0.66	−$0.18	−$1.04	$1.30	−$0.32	−$0.18
EBITDA	−14	−14	−16	−12	−14	−16	−28	−17

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Heartflow, Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Heartflow, Inc.