Filing Flows › HeartCore Enterprises (HTCR) › Q2 2025
HeartCore Enterprises (HTCR) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 13, 2025
HeartCore Enterprises (HTCR) reported revenue of $4.7M for the second quarter 2025 (Q2 2025), +17% from a year earlier and +32% from the quarter before. Operating margin was 2.3%, net earnings $1.1M (23.2% of revenue).
HeartCore Enterprises, Q2 2025: revenue $4.7M (+17% year over year), operating margin 2.3%, net earnings $1.1M, operating cash flow −$674K. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.7M | +32% | +17% |
| Gross profit | $2.2M | +102% | +175% |
| Operating profit | $107K | — | — |
| Net earnings | $1.1M | — | — |
| Operating cash flow | −$674K | — | — |
What changed
Revenue was $4.7M in Q2 2025, up 17% year over year and up 32% from the previous quarter. Revenues From Customized Software Development and Services was the largest line at 38% of revenue. Revenues From Onpremise Software added $1.2M year over year (up 201%), 170% of the total change. Revenues From Others declined 69%.
Gross margin was 46.7%, up 26.9 points from a year earlier. Operating profit was $107K, a 2.3% margin (up 39.3 points year over year). Operating expenses fell 9% while revenue rose 17%. The fastest-growing cost line was Sales & marketing (+115%). Net earnings were $1.1M ($1.1M including minority interests, which bore $38K of losses). The effective tax rate was -0.3%. Non-operating items added $1.0M, 90% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$674K. Non-cash charges added back $16K of depreciation and $28K of share-based compensation. Working capital and other items used $1.8M.
Questions
What was HeartCore Enterprises' revenue in the second quarter 2025?
HeartCore Enterprises (HTCR) reported revenue of $4.7M for the second quarter 2025 (Q2 2025), +17% from a year earlier and +32% from the quarter before.
Was HeartCore Enterprises profitable in the second quarter 2025?
Operating profit was $107K (2.3% of revenue) and net earnings $1.1M.