Heartflow (HTFL) Operating Expenses (2024 - 2026)
Heartflow (HTFL) posted Operating Expenses of $71.1 million for Q2 2026, up 25.13% on a QoQ basis from $56.8 million in Q4 2025, and up 52.9% year-over-year from $46.5 million in Q2 2025.
Analysis
Heartflow (HTFL) Operating Expenses (2024 - 2026) Analysis & Trends
Heartflow has reported Operating Expenses for 3 years, with the latest figure at $71.1 million in Q2 2026.
- On a quarterly basis, Operating Expenses rose 52.9% year-over-year to $71.1 million in Q2 2026; TTM through Jun 2026 was $224.9 million, a 34.93% increase from a year earlier, with the FY2025 full-year figure at $199.3 million, up 28.0% from the prior year.
- Operating Expenses was $71.1 million for Q2 2026 at Heartflow, up from $56.8 million in the prior quarter.
- The five-year high for Operating Expenses was $71.1 million in Q2 2026, with the low at $38.0 million in Q2 2024.
- Average Operating Expenses over 3 years is $49.3 million, with a median of $46.5 million recorded in 2025.
- The sharpest annual moves came in 2025 and 2026: Operating Expenses increased 22.3% in 2025, then soared 52.9% in 2026.
- Over 3 years, Operating Expenses stood at $42.3 million in 2024, then soared by 34.28% to $56.8 million in 2025, then gained by 25.13% to $71.1 million in 2026.
- The last three Operating Expenses figures came in at $71.1 million (Q2 2026), $56.8 million (Q4 2025), and $50.5 million (Q3 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | GE HealthCare Technologies | 31.10 Bn | 29.22 Bn | 2.18 Bn | 1.44 Bn |
| 2 | Lantheus Holdings | 6.59 Bn | 6.00 Bn | 241.86 Mn | 103.44 Mn |
| 3 | Heartflow | 4.24 Bn | 3.87 Bn | 53.19 Mn | 71.09 Mn |
| 4 | Neogen | 2.58 Bn | 2.39 Bn | 107.80 Mn | 104.70 Mn |
| 5 | Butterfly Network | 1.75 Bn | 1.62 Bn | 23.29 Mn | 36.95 Mn |
| 6 | QuidelOrtho | 954.15 Mn | 830.75 Mn | - | - |
| 7 | Ceribell | 944.88 Mn | 815.62 Mn | 25.94 Mn | 45.92 Mn |
| 8 | Anbio Biotechnology | 941.05 Mn | 929.15 Mn | - | - |
| 9 | Varex Imaging | 780.16 Mn | 694.86 Mn | 76.70 Mn | 53.90 Mn |
| 10 | Prenetics Global | 357.49 Mn | 298.35 Mn | 30.20 Mn | -10.82 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 71.09 Mn |
| Dec 31, 2025 | 56.81 Mn |
| Sep 30, 2025 | 50.51 Mn |
| Jun 30, 2025 | 46.49 Mn |
| Dec 31, 2024 | 42.31 Mn |
| Sep 30, 2024 | 39.87 Mn |
| Jun 30, 2024 | 38.02 Mn |