Heartflow, Inc.

HTFL Healthcare Health Information Services

Heartflow, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $176.0 million, up 39.9% from fiscal 2024. In the quarter to June 2026, revenue grew 47.6%, EPS grew 87.7% and free cash flow grew 62.6%, each against the same quarter a year earlier. Insiders bought in the last twelve months.

48.29 2.62 −5.15%
Market cap
$4.4B
P/E
0.0×
Fwd P/E
−37.5×
Dividend yield
—
F-score
5/9
Altman Z
7.22
Beneish M
−2.55
Dividend safety
n/a

Insider Decisions trades per month

Total buys 1.05
Total sells 140.00
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — 1 — — — — — — — — — —
Sell — — — 4 4 3 2 2 2 5 6 1
Insider Ownership 24.96%

Capital & Financial Ratios $m

Market Cap 4,430.00
Revenue 212.07
Net Income (118.37)
Free Cash Flow (59.18)
Net Debt (162.55)
Current Ratio 5.08 (at or above 1.5: strong)
Debt/Equity 0.00 (at or below 0.5: strong)
P/E ratio 0.00
Fwd P/E (37.50) (negative: loss-making)
P/S ratio 19.67 (above 10: high)
P/B ratio 14.92 (above 6: high)
Past 5Y EPS Growth —
This Y EPS Growth 74.39% (at or above 15%: strong)
Next Y EPS Growth 38.02% (at or above 15%: strong)
Next Y revenue growth 41.34% (at or above 10%: strong)
Next 5Y EPS Growth 80.24% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 123 52 177 163
Receivables 21 25 29 43
Inventory — — — —
Other — — — —
148 82 220 224
2023 2024 2025 Q'26
Payables 3 3 3 5
ST’ Debt — — — —
Other — — — —
33 34 42 44

Compound Annual Growth %

10y 5y 3y
Sales — — —
Cash Flow — — —
Earnings — — —
Book Value — — —

Revenue $m

Mar Jun Sep Dec Year
’26 53 64 — — —
’25 37 43 46 49 176
’24 27 31 33 35 126
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (30) (9) — — —
’25 (13) (27) (3) (11) (54)
’24 (22) (23) (10) (14) (69)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (32) (11) — — —
’25 (14) (28) (4) (12) (59)
’24 (24) (24) (11) (14) (73)
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 (0.32) (0.18) — — —
’25 (5.25) (1.46) (1.04) (0.29) (3.17)
’24 (4.23) (4.66) (3.43) (5.66) (17.98)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.5
1Buy 2 3Hold 4 5Sell

Ten 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 — — — — — — — — — 25.38

Analyst estimates 2026–2028

Powerpack
High — — — — — — — — — 41.22
People
People Employees — — — — — — — — 699 843
Revenue/emp, $m — — — — — — — 0.00 0.18 0.21
Income, $m
Income, $m Revenue — — — — — — — 87 126 176
Gross margin, % — — — — — — — 66.59 75.07 76.80
EBT — — — — — — — (95) (96) (117)
EBT margin, % — — — — — — — (109.10) (76.60) (66.39)
Net income — — — — — — — (96) (96) (117)
Depreciation — — — — — — — 10 10 12
Per share, $
Per share, $ Revenue — — — — — — — 17.84 23.46 4.78
Earnings — — — — — — — (19.58) (17.98) (3.17)
Cash flow — — — — — — — (15.65) (12.87) (1.47)
Capex — — — — — — — (1.25) (0.81) (0.14)
Free cash flow — — — — — — — (16.90) (13.68) (1.60)
Book value — — — — — — — (1.84) (16.95) 8.16
Shares, m — — — — — — — 5 5 37
Valuation, ×
Valuation, × P/E — — — — — — — 0.00 0.00 0.00
P/S — — — — — — — 1.28 1.28 6.10
P/B — — — — — — — 0.00 0.00 3.57
EV/Sales — — — — — — — 1.96 1.96 6.13
EV/FCF — — — — — — — (4.29) (4.29) (18.29)
Cash, $m
Cash, $m Operating cash flow — — — — — — — (76) (69) (54)
Capex — — — — — — — (6) (4) (5)
Free cash flow — — — — — — — (83) (73) (59)
Balance, $m
Balance, $m Working capital — — — — — — — 116 49 178
Total debt — — — — — — — 134 136 —
Net debt — — — — — — — 11 85 (177)
Shareholders’ equity — — — — — — — (9) (91) 301
Returns, %
Returns, % ROA — — — — — — — 0.00 (63.49) (48.85)
ROIC — — — — — — — (2,031.71) 0.00 (32.33)
ROE — — — — — — — 0.00 11.78 41.80
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Heartflow, Inc. vs peers in Health Information Services (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
TXG 10x Genomics $9.4B — (loss-making) — (loss-making) −12.65% (below 0%: shrinking) n/m −4.61% (below 0%: shrinking) 74.48% (12.95%) Compare
HNGE Hinge Health Inc. $8.5B 73.5× 39.4× +53.00% (above 0%: growing) n/m +441.14% (above 0%: growing) 86.44% 19.00% Compare
HQY HealthEquity, Inc. $7.7B 33.0× 30.2× +7.64% (above 0%: growing) +14.49% (above 0%: growing) −3.44% (below 0%: shrinking) 73.55% 28.14% Compare
DOCS Doximity, Inc. $5.6B 34.8× 26.2× +7.34% (above 0%: growing) −53.57% (below 0%: shrinking) −34.14% (below 0%: shrinking) 84.87% 21.48% Compare
WAY Waystar Holding Corp. $5.4B 38.0× 22.4× +18.11% (above 0%: growing) +10.53% (above 0%: growing) −52.42% (below 0%: shrinking) 69.44% 23.79% Compare
HTFL Heartflow, Inc. $4.4B — (loss-making) — (loss-making) +47.57% (above 0%: growing) n/m +62.62% (above 0%: growing) 83.00% (27.93%)
PRVA Privia Health Group, Inc. $2.9B 102× 87.8× +21.39% (above 0%: growing) +250.00% (above 0%: growing) −86.20% (below 0%: shrinking) 9.93% 1.86% Compare
SDGR Schrodinger, Inc. $1.9B — (loss-making) — (loss-making) +7.54% (above 0%: growing) n/m +34.43% (above 0%: growing) 55.07% (70.55%) Compare
OMCL Omnicell, Inc. $1.6B 41.6× 55.1× +7.45% (above 0%: growing) +341.67% (above 0%: growing) +107.90% (above 0%: growing) 48.98% 10.39% Compare
Median of peers $5.5B 39.8× 34.8× +7.59% +14.49% −4.02% 71.50% 14.70%

All 51 Health Information Services stocks →

Heartflow, Inc. (HTFL) key facts

  • Strength: Heartflow, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $176.0 million, up 39.9% from fiscal 2024.
  • Heartflow, Inc. (HTFL) is a Health Information Services company in the Healthcare sector, listed on Nasdaq.
  • As of October 16, 2026, HTFL traded at $48.29, a market capitalization of $4.4 billion.
  • Return on equity was 41.8% and debt-to-equity 0.00.
  • Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 7.22 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Heartflow, Inc. (HTFL) Latest News

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stockrow.com/HTFL · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com