Filing Flows › Heartflow (HTFL) › Q1 2026
Heartflow (HTFL) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 14, 2026
Heartflow (HTFL) reported revenue of $52.6M for the first quarter 2026 (Q1 2026), +41% from a year earlier and +7% from the quarter before. Operating margin was -56.1%, net loss $27.4M (52.1% of revenue).
Heartflow, Q1 2026: revenue $52.6M (+41% year over year), operating margin -56.1%, net loss $27.4M, operating cash flow −$30.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $52.6M | +7% | +41% |
| Operating profit | −$29.5M | — | — |
| Net earnings | −$27.4M | — | — |
| Operating cash flow | −$30.1M | — | — |
What changed
Revenue was $52.6M in Q1 2026, up 41% year over year and up 7% from the previous quarter.
Gross margin was 80.2%, up 5.1 points from a year earlier. Operating costs exceeded revenue by $29.5M, an operating margin of -56.1%. Operating expenses grew 58% against revenue growth of 41%. The fastest-growing cost line was Research & development (+55%). The quarter ended with a net loss of $27.4M, wider than the previous quarter's $24.4M loss.
Operating cash flow was −$30.1M. Non-cash charges added back $1.4M of depreciation and amortization and $6.6M of share-based compensation. Working capital and other items used $10.7M. Capital expenditures of $1.9M exceeded it, leaving free cash flow of −$32.0M.
Questions
What was Heartflow's revenue in the first quarter 2026?
Heartflow (HTFL) reported revenue of $52.6M for the first quarter 2026 (Q1 2026), +41% from a year earlier and +7% from the quarter before.
Was Heartflow profitable in the first quarter 2026?
Operating loss was $29.5M (-56.1% of revenue) and net loss $27.4M.
Source: Heartflow 10-Q on SEC EDGAR.