Heartflow, Inc.
For the period ended Sep 30, 2025. Filed Nov 12, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 12, 2025
HTFL$55.80-1.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Operations and Comprehensive Loss
| Three Months EndedSeptember 30, | Nine Months EndedSeptember 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Revenue ..................................................................................... | $46,276 | $32,934 | $126,904 | $90,831 |
| Cost of revenue ......................................................................... | 10,861 | 7,997 | 30,770 | 22,632 |
| Gross profit ........................................................................... | 35,415 | 24,937 | 96,134 | 68,199 |
| Operating expenses: | ||||
| Research and development ................................................. | 17,297 | 11,863 | 46,253 | 31,238 |
| Selling, general and administrative ..................................... | 33,217 | 28,003 | 96,197 | 82,125 |
| Total operating expenses ................................................... | 50,514 | 39,866 | 142,450 | 113,363 |
| Loss from operations .......................................................... | (15,099) | (14,929) | (46,316) | (45,164) |
| Interest income .......................................................................... | 1,725 | 820 | 2,903 | 3,474 |
| Interest expense ....................................................................... | (3,451) | (5,298) | (15,165) | (17,616) |
| Change in fair value of common stock warrant liability ...... | (32,117) | (585) | (34,586) | (4,490) |
| Change in fair value of derivative liability .............................. | 4,818 | — | 7,311 | (222) |
| Loss on extinguishment of debt .............................................. | (6,360) | — | (6,360) | — |
| Other income (expense), net .................................................. | (341) | 852 | (94) | 615 |
| Loss before provision for income taxes ........................... | (50,825) | (19,140) | (92,307) | (63,403) |
| Provision for income taxes ...................................................... | (30) | — | (89) | (48) |
| Net loss ................................................................................. | $(50,855) | $(19,140) | $(92,396) | $(63,451) |
| Comprehensive loss: | ||||
| Net loss ...................................................................................... | $(50,855) | $(19,140) | $(92,396) | $(63,451) |
| Other comprehensive loss: | ||||
| Foreign currency translation gain (loss) ................................ | 205 | (405) | 260 | (504) |
| Total comprehensive loss ................................................... | $(50,650) | $(19,545) | $(92,136) | $(63,955) |
| Net loss per share, basic and diluted .................................... | $(1.04) | $(3.43) | $(4.47) | $(12.24) |
| Weighted-average shares used to compute net loss per share, basic and diluted ........................................................... | 49,106,752 | 5,586,424 | 20,686,526 | 5,185,007 |
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