Filing Flows › HeartCore Enterprises (HTCR) › Q1 2026 › vs Q4 2025
HeartCore Enterprises (HTCR) Q1 2026 vs Q4 2025 (quarter over quarter)
HeartCore Enterprises's revenue fell $670K (-35%) from $1.9M in Q4 2025 to $1.2M in Q1 2026. The biggest changes: Customised Software Development and Services −$485K (-32%); Consulting Services −$221K (-90%); Software Development Services +$36K (+21%).
HeartCore Enterprises, Q1 2026: revenue $1.2M (-65% year over year), operating margin -123.7%, net loss $2.0M, operating cash flow −$1.2M. The chart draws each line against Q4 2025, the increases inside each band.
Every line
| Line | Q1 2026 | Q4 2025 | Change | % |
|---|---|---|---|---|
| Customised Software Development and Services | $1.0M | $1.5M | −$485K | -32% |
| Software Development Services | $207K | $171K | $36K | +21% |
| Consulting Services | $26K | $246K | −$221K | -90% |
| Revenue | $1.2M | $1.9M | −$670K | -35% |
| Net loss | $2.0M | −$7.2M | $9.2M | — |
| Costs & expenses | $3.2M | $10.4M | −$7.2M | -69% |
| Operating costs | $2.8M | $3.2M | −$392K | -12% |
| Interest & other, net | $419K | −$8.5M | $8.9M | — |
| Income tax | $17K | −$10K | $27K | — |
| Cost of revenue | $1.2M | $1.4M | −$192K | -14% |
| Operating cash sources | $2.0M | −$7.2M | $9.2M | — |
| Depreciation | $8K | $9K | −$2K | -18% |
| Share-based compensation | $2K | $0 | $2K | — |
| Working capital & other | $813K | −$7.4M | $8.2M | — |
| Cash used in operations | $1.2M | $136K | $1.0M | +747% |
| Net loss absorbed | $2.0M | −$7.2M | $9.2M | — |
Questions
How much did HeartCore Enterprises's revenue grow quarter over quarter in Q1 2026?
HeartCore Enterprises's revenue fell $670K (-35%) from $1.9M in Q4 2025 to $1.2M in Q1 2026.
What drove HeartCore Enterprises's revenue change in Q1 2026?
Customised Software Development and Services −$485K (-32%); Consulting Services −$221K (-90%); Software Development Services +$36K (+21%).