Heartflow (HTFL) Operating Expenses (2024 - 2025)
Heartflow's quarterly Operating Expenses came in at $56.8 million in Q4 2025, up 34.28% year-on-year from $42.3 million in Q4 2024, and up 12.47% quarter-over-quarter from $50.5 million in Q3 2025.
Heartflow has reported Operating Expenses for 2 years, with the latest figure at $56.8 million in Q4 2025.
- For the quarter ending Q4 2025, Operating Expenses rose 34.28% year-over-year to $56.8 million; the trailing twelve-month figure through Dec 2025 stood at $196.1 million (up 63.18% YoY), and the FY2025 full-year result was $199.3 million, up 28.0% from the prior year.
- Operating Expenses for Q4 2025 stood at $56.8 million, up from $50.5 million in the prior quarter.
- The five-year high for Operating Expenses was $56.8 million in Q4 2025, with the low at $38.0 million in Q2 2024.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 30.85 Bn | 24.28 Bn | 622.47 Mn | 376.60 Mn |
| 2 | BrightSpring Health Services | 12.29 Bn | 11.41 Bn | 482.22 Mn | 360.77 Mn |
| 3 | Healthequity | 7.80 Bn | 7.48 Bn | 256.31 Mn | 153.36 Mn |
| 4 | Hinge Health | 4.82 Bn | 4.51 Bn | 154.23 Mn | 122.16 Mn |
| 5 | Doximity | 4.21 Bn | 3.46 Bn | 125.97 Mn | 101.14 Mn |
| 6 | Waystar Holding | 4.18 Bn | 4.03 Bn | 268.04 Mn | 233.41 Mn |
| 7 | 10x Genomics | 3.78 Bn | 3.24 Bn | 106.18 Mn | 123.22 Mn |
| 8 | Privia Health | 2.65 Bn | 2.28 Bn | 595.71 Mn | 596.43 Mn |
| 9 | Omnicell | 1.95 Bn | 1.78 Bn | 140.36 Mn | 123.51 Mn |
| 10 | Heartflow | 1.15 Bn | 974.90 Mn | 39.06 Mn | 56.81 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |