Heartflow (HTFL) Operating Expenses (2024 - 2025)
Heartflow's (HTFL) 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 (HTFL) Operating Expenses (2024 - 2025) Analysis & Trends
Heartflow's Operating Expenses history runs 2 years deep, the most recent figure standing at $56.8 million for Q4 2025.
- On a quarterly basis, Operating Expenses rose 34.28% year-over-year to $56.8 million in Q4 2025; TTM through Dec 2025 was $196.1 million, a 63.18% increase from a year earlier, with the FY2025 full-year figure at $199.3 million, up 28.0% from the prior year.
- Operating Expenses rose to $56.8 million in Q4 2025 per HTFL's latest filing, from $50.5 million in the prior quarter.
- Across five years, Operating Expenses topped out at $56.8 million in Q4 2025 and bottomed at $38.0 million in Q2 2024.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 29.34 Bn | 22.03 Bn | 662.02 Mn | 388.91 Mn |
| 2 | BrightSpring Health Services | 13.49 Bn | 12.59 Bn | 482.22 Mn | 360.77 Mn |
| 3 | Healthequity | 7.96 Bn | 7.70 Bn | 256.31 Mn | 153.36 Mn |
| 4 | 10x Genomics | 6.17 Bn | 5.63 Bn | 106.18 Mn | 123.22 Mn |
| 5 | Hinge Health | 6.02 Bn | 5.70 Bn | 154.23 Mn | 122.16 Mn |
| 6 | MiniMed | 4.19 Bn | 3.89 Bn | 480.00 Mn | 398.00 Mn |
| 7 | Waystar Holding | 4.14 Bn | 4.07 Bn | 216.84 Mn | 233.41 Mn |
| 8 | Doximity | 3.82 Bn | 3.08 Bn | 125.97 Mn | 101.14 Mn |
| 9 | Privia Health | 3.10 Bn | 2.73 Bn | - | 596.43 Mn |
| 10 | Heartflow | 906.97 Mn | 730.19 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 |