HeartFlow logo

HeartFlow(NASDAQ) HTFL

Market Cap$4.12BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2025)+65%
5 YearN/A
1 Year+32%
1 Month-6%
$47.49
+0.21%
+0.10Today
HeartFlow last closing stock price
MetricPriceDate
Last closeUSD 47.392026-09-23
HeartFlow stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-1.88%USD 48.302026-09-16
1 month-5.6%USD 50.202026-08-24
3 month+35.48%USD 34.982026-06-25
Year to date+62.57%USD 29.152025-12-31
1 year+32.12%USD 35.872025-09-23
Since inception+64.83%USD 28.752025-08-08

HeartFlow Financials at a Glance

Market Cap

$4.12BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$212.08M

Net Income (TTM)

-$118.37M

EPS (TTM)

-$1.40

P/E Ratio

-33.92

Dividend

$0.00

Beta (Volatility)

1.81 (High)

Price

$47.49

Volume

242,807.522

Open

$48.32

Previous Close

$47.39

Daily Range

$47.53 - $49.07

52-Week Range

$20.13 - $52.22

Estimated Earnings Date

Nov 11, 2026

About HeartFlow

HeartFlow, Inc. helps doctors find heart disease using 3D maps. These digital models show blood flow from a single scan. Patients can avoid surgery for diagnosis using this technology.

Mapping the Human Heart

  • FFRCT Analysis: Calculates blood flow and identifies blockages; represents nearly all cumulative revenue to date.
  • Plaque Analysis: Provides assessments of coronary plaque; began using expanded reimbursement on Jan. 1, 2026.
  • RoadMap Analysis: Visualizes coronary arteries for physicians; functions as an integrated efficiency tool rather than a standalone product.
  • PCI Navigator: Assists in planning revascularization procedures; launched in April 2026 as an integrated feature.

Recent Strategic Steps

  • Launched HeartFlow PCI Navigator in April 2026 to help physicians plan artery procedures.
  • Completed an initial public offering on Aug. 11, 2025, raising approximately $332.4 million in net proceeds.
  • Repaid $60.1 million in outstanding debt under its 2024 Credit Agreement in August 2025.
  • Subleased its Mountain View, California facility in March 2026.

What Makes HeartFlow Different

The platform requires no heavy equipment and uses cloud-based artificial intelligence to process scans. This approach has allowed the technology to assess more than 750,000 patients as of June 30, 2026.

A Look at the Numbers

  • Revenue was $64.1 million for the three-month period ended June 30, 2026, up 48% year over year.
  • Revenue case volume reached 84,491 in the three-month period ended June 30, 2026, up 74% year over year.
  • Gross margin reached 83% for the three-month period ended June 30, 2026.
  • Net loss was $15.7 million for the three-month period ended June 30, 2026, widening 71% year over year.
  • Cash, cash equivalents, and investments totaled $246.8 million as of June 30, 2026.

Bottom Line

HeartFlow has transitioned from a private research firm to a public company scaling its heart imaging software. The business is now shifting toward plaque analysis and procedural planning to expand its role in cardiac care.

AI Generated • Aug 14, 2026

Industry

Health Care Technology

Employees

843

CEO

John C. M. Farquhar, MBA

Headquarters

San Francisco, CA 94105, US

HTFL Financials

Key Financial Metrics (TTM)

Gross Margin

80.08%

Operating Margin

-34.31%

Net Income Margin

-55.82%

Return on Equity

-42.25%

Return on Capital

-19.85%

Return on Assets

-34.36%

Earnings Yield

-2.95%

Dividend Yield

0.00%

Payout Ratio

0.00%

Stock Overview

Market Cap

$4.12BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

86.95M

Volume

242.81K

Avg. Volume

2.00M

Financials (TTM)

Gross Profit

$169.83M

Operating Income

-$72.77M

EBITDA

-$108.23M

Operating Cash Flow

-$52.23M

Capital Expenditure

-$6.95M

Free Cash Flow

-$59.18M

Cash & ST Invst.

$162.55M

Total Debt

$27.13M

HeartFlow Performance Analysis

HeartFlow annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20232023-12-31USD 87,174,000N/A
20242024-12-31USD 125,808,00044.3%
20252025-12-31USD 176,034,00039.9%
HeartFlow sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-306.6%
Q42025-12-316.2%
Q12026-03-317.0%
Q22026-06-3021.9%
HeartFlow annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20232023-12-31USD -1.52N/A
20242024-12-31USD -1.19-22.0%
20252025-12-31USD -1.3715.3%
HeartFlow sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-30-472.7%
Q42025-12-3154.0%
Q12026-03-31-10.3%
Q22026-06-3043.8%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q2 2026YOY CHG

Revenue

$64.08M

+47.6%

Gross Profit

$53.19M

+62.3%

Gross Margin

83.00%

N/A

Market Cap

$4.12BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$4.89M

N/A

Employees

843

N/A

Net Income

-$15.74M

-71.2%

EBITDA

-$15.72M

-4137.5%

Quarterly Fundamentals

Name
Q2 2026YOY CHG

Total Cash

$162.55M

+102.7%

Total Debt

$27.13M

-86.8%

Accounts Receivable

$42.76M

+33.0%

Inventory

$0.00

N/A

Long Term Debt

$20.34M

-89.8%

Short Term Debt

$6.78M

+23.5%

Return on Assets

-34.36%

N/A

Return on Invested Capital

-24.23%

N/A

Free Cash Flow

-$10.50M

+62.6%

Operating Cash Flow

-$8.58M

+68.6%

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Questions About HTFL

What is the current price of HeartFlow?

HeartFlow is trading at $47.74 per share.

What is the 52-week range for HeartFlow?

Over the past 52 weeks, HeartFlow has traded between $20.13 and $52.22.

How much debt does HeartFlow have?

As of the most recent reporting period, HeartFlow reported total debt of $27.13M.

How much cash does HeartFlow have on hand?

HeartFlow reported $34.36M in cash and cash equivalents in its most recent financial results.

What is HeartFlow’s dividend yield?

HeartFlow does not currently have a dividend yield.

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