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Heartflow, Inc.

HTFLHealthcareNASDAQ

Health Information Services · Last scanned Jun 2, 2026

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Financials · Annual
Revenue
$176.0M
+39.9% YoY
Net Income
-$116.8M
-21.1% YoY
EBITDA
-$93.1M
-42.1% YoY
Free Cash Flow
-$48.7M

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About Heartflow, Inc.

Headquartered within the healthcare sector, Heartflow, Inc. focuses on Health Information Services services and products. HeartFlow, Inc., a medical technology company, provides non-invasive solutions for diagnosing and managing coronary artery diseases the United States and worldwide. The company carries a $2.67B market cap, placing it firmly in the mid-cap category. Its HeartFlow Platform uses AI and computational fluid dynamics to creates a personalized 3D model of a patient's heart from a single coronary computed tomography angiography, a specialized type of scan that provides detailed images of the heart's arteries.

Key stats
Market Cap$2.67B
Fwd P/E-117.27
EPS$-3.09
52W Change+3.4%
ROE-135.3%
Analysis

Heartflow, Inc. holds $158.3M in cash against $26.3M in total debt, giving it a net cash position. This means the company could theoretically pay off all its debt and still have cash remaining. The company is burning cash, with free cash flow at -$48.7M. This typically occurs when a company is investing aggressively in growth, but sustained cash burn can strain the balance sheet. Return on equity stands at -135.3%, which is negative for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. Revenue has grown from $87.2M (2023) to $176.0M (2025), reflecting a 102% increase over the period.

The strong cash position relative to debt provides a financial cushion that reduces balance sheet risk. The company is burning cash at the operating level, which is not unusual for growth-phase companies but adds risk if it persists. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing HTFL.

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