HeartFlow Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Revenue	176.03	125.81	87.17
Revenue Growth (YoY)	39.92%	44.32%	-
Cost of Revenue	40.84	31.36	29.12
Gross Profit	135.2	94.45	58.05
Selling, General & Admin	134.35	112.15	95.11
Research & Development	64.92	43.52	35.85
Operating Expenses	199.26	155.67	130.97
Operating Income	-64.07	-61.22	-72.91
Interest Expense	-15.17	-22.77	-24.69
Interest & Investment Income	5.54	4.07	5.46
Currency Exchange Gain (Loss)	-0.03	-0.54	-0.68
Other Non Operating Income (Expenses)	-36.78	-15.91	2.84
EBT Excluding Unusual Items	-110.51	-96.37	-89.99
Other Unusual Items	-6.36	-	-5.12
Pretax Income	-116.87	-96.37	-95.11
Income Tax Expense	-0.08	0.05	0.55
Net Income	-116.79	-96.43	-95.66
Preferred Dividends & Other Adjustments	-	-	28.03
Net Income to Common	-116.79	-96.43	-123.69
Shares Outstanding (Basic)	37	5	5
Shares Outstanding (Diluted)	37	5	5
Shares Change (YoY)	587.13%	9.79%	-
EPS (Basic)	-3.17	-17.98	-25.32
EPS (Diluted)	-3.17	-17.98	-25.32
Free Cash Flow	-59.05	-73.36	-82.54
Free Cash Flow Per Share	-1.60	-13.68	-16.90
Gross Margin	76.80%	75.07%	66.59%
Operating Margin	-36.39%	-48.66%	-83.64%
Profit Margin	-66.35%	-76.64%	-141.89%
Free Cash Flow Margin	-33.54%	-58.31%	-94.68%
EBITDA	-62.63	-59.56	-71.37
EBITDA Margin	-35.58%	-47.34%	-81.87%
D&A For EBITDA	1.44	1.66	1.54
EBIT	-64.07	-61.22	-72.91
EBIT Margin	-36.39%	-48.66%	-83.64%
Advertising Expenses	2	1.5	0.78

Source: S&P Capital IQ. Standard template. Financial Sources.