Saturday 17 October 2026
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HeartCore Enterprises, Inc.
HTCR Technology Software Application
In the quarter to June 2026, revenue grew 71.6%, EPS fell 245.0%, free cash flow fell 383.3% and total debt fell 69.1%, each against the same quarter a year earlier. Operating cash flow growth for three consecutive years.
1.55
0.09
−5.49%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | — | — | — | — | — | — | 15.60 | 7.20 | 9.00 | 4.44 |
Analyst estimates 2026–2028 Powerpack |
|||
| High | — | — | — | — | — | — | 123.80 | 68.60 | 37.80 | 67.60 | |||||
| People | |||||||||||||||
| People | Employees | — | — | — | — | — | 45 | 14 | 16 | 12 | 44 | ||||
| Revenue/emp, $m | — | — | — | 0.00 | 0.00 | 0.24 | 0.63 | 1.37 | 1.89 | 0.20 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | — | — | — | 7 | 9 | 11 | 9 | 22 | 23 | 9 | ||||
| Gross margin, % | — | — | — | 36.92 | 44.52 | 47.94 | 38.00 | 36.93 | 64.87 | 35.14 | |||||
| EBT | — | — | — | (1) | 0 | 0 | (7) | (5) | (6) | (4) | |||||
| EBT margin, % | — | — | — | (18.27) | 2.52 | 0.14 | (75.79) | (22.94) | (24.30) | (46.15) | |||||
| Net income | — | 0 | — | (1) | 0 | 0 | (7) | (5) | (5) | 5 | |||||
| Depreciation | — | — | — | 0 | 0 | 0 | 0 | 1 | 8 | 0 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | — | — | — | 0.37 | 12.47 | 14.20 | 9.84 | 21.41 | 21.67 | 7.77 | ||||
| Earnings | — | — | — | (0.06) | 0.21 | (0.43) | (7.40) | (4.20) | (1.40) | 5.00 | |||||
| Cash flow | — | — | — | (0.04) | 1.03 | 1.01 | (5.37) | (4.25) | (3.72) | (2.70) | |||||
| Capex | — | — | — | 0.00 | (0.04) | (0.05) | (0.06) | (0.49) | (0.01) | 0.00 | |||||
| Free cash flow | — | — | — | (0.04) | 0.99 | 0.96 | (5.43) | (4.74) | (3.72) | (2.70) | |||||
| Book value | — | — | — | (0.13) | (0.83) | (0.73) | 5.37 | 7.52 | 3.31 | 6.31 | |||||
| Shares, m | — | — | — | 19 | 1 | 1 | 1 | 1 | 1 | 1 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.94 | ||||
| P/S | — | — | — | 6.97 | 6.97 | 6.97 | 1.80 | 0.63 | 1.68 | 0.78 | |||||
| P/B | — | — | — | 0.00 | 0.00 | 0.00 | 3.30 | 1.80 | 10.98 | 1.07 | |||||
| EV/Sales | — | — | — | 6.93 | 6.93 | 6.93 | 1.19 | 0.64 | 1.42 | 0.22 | |||||
| EV/FCF | — | — | — | 102.85 | 102.85 | 102.85 | (2.16) | (2.91) | (8.21) | (0.62) | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | (1) | 1 | 1 | (5) | (4) | (4) | (3) | ||||
| Capex | — | — | — | 0 | 0 | 0 | 0 | (1) | 0 | — | |||||
| Free cash flow | — | — | — | (1) | 1 | 1 | (5) | (5) | (4) | (3) | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | — | — | — | (2) | 1 | 0 | 5 | (1) | 2 | 3 | ||||
| Total debt | — | — | — | 7 | 4 | 3 | 2 | 2 | 1 | 0 | |||||
| Net debt | — | — | — | 7 | 1 | 0 | (5) | 0 | (6) | (5) | |||||
| Shareholders’ equity | — | — | — | (2) | (1) | (1) | 5 | 8 | 3 | 7 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | — | — | — | (30.81) | 1.65 | (3.47) | (62.81) | (26.38) | (8.82) | 42.18 | ||||
| ROIC | — | — | — | 0.00 | 43.69 | 0.00 | 0.00 | (32.50) | 0.00 | (92.64) | |||||
| ROE | — | — | — | 63.61 | (9.94) | 58.15 | (314.34) | (67.18) | (26.62) | 113.39 | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 1 Oct 2026
Charts ten years each
HeartCore Enterprises, Inc. vs peers in Software Application (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| LYTHF Lytus Technologies Holdings PTV. Ltd. | $3.1M | — | — | — | — | +93.27% (above 0%: growing) | (788.98%) | 0.00% | Compare |
| FMTOF Femto Technologies Inc. | $3.0M | — (loss-making) | — | +21.23% (above 0%: growing) | n/m | +65.65% (above 0%: growing) | 11.45% | (441.36%) | Compare |
| MASK 3 E Network Technology Group Ltd | $3.0M | — | — | — | — | — | — | — | Compare |
| EPWKF EPWK Holdings Ltd. | $2.8M | — | — | — | — | — | — | — | Compare |
| HTCR HeartCore Enterprises, Inc. | $2.5M | 0.8× | 1.7× | +71.60% (above 0%: growing) | n/m | −383.28% (below 0%: shrinking) | (21.84%) | (256.38%) | |
| LGCL Lucas GC Limited | $2.4M | — | — | — | — | — | — | — | Compare |
| OMQS OMNIQ Corp. | $2.4M | — (loss-making) | — (loss-making) | −5.47% (below 0%: shrinking) | n/m | −81.56% (below 0%: shrinking) | 20.61% | (30.06%) | Compare |
| PARA Parabolic Technologies, Inc. | $2.4M | — (loss-making) | — (loss-making) | −27.31% (below 0%: shrinking) | n/m | +4.54% (above 0%: growing) | 80.20% | (192.96%) | Compare |
| NTCL NetClass Technology Inc | $1.8M | — | — | — | — | −1,210.52% (below 0%: shrinking) | — | — | Compare |
| Median of peers | $2.6M | — | — | −5.47% | — | +4.54% | 16.03% | (111.51%) |
HeartCore Enterprises, Inc. (HTCR) key facts
- HeartCore Enterprises, Inc. (HTCR) is a Software Application company in the Technology sector, listed on Nasdaq.
- As of October 16, 2026, HTCR traded at $1.55, a market capitalization of $2.5 million.
- Return on equity was 113.4% and debt-to-equity 0.00.
- Its Piotroski F-score is 3 out of 9 and its Altman Z-score is −0.56 (distress zone) for fiscal 2025.