Heartflow (HTFL) Research & Development (2024 - 2026)
Heartflow (HTFL) posted Research & Development of $30.6 million for Q2 2026, up 63.84% on a QoQ basis from $18.7 million in Q4 2025, and up 33.16% year-over-year from $23.0 million in Q2 2025.
Analysis
Heartflow (HTFL) Research & Development (2024 - 2026) Analysis & Trends
Heartflow has reported Research & Development for 3 years, with the latest figure at $30.6 million in Q2 2026.
- On a quarterly basis, Research & Development rose 33.16% year-over-year to $30.6 million in Q2 2026; TTM through Jun 2026 was $89.5 million, a 56.92% increase from a year earlier, with the FY2025 full-year figure at $64.9 million, up 49.18% from the prior year.
- Research & Development was $30.6 million for Q2 2026 at Heartflow, up from $18.7 million in the prior quarter.
- The five-year high for Research & Development was $30.6 million in Q2 2026, with the low at $9.9 million in Q2 2024.
- Average Research & Development over 3 years is $17.7 million, with a median of $17.3 million recorded in 2025.
- The sharpest annual moves came in 2025 and 2026: Research & Development surged 131.23% in 2025, then surged 33.16% in 2026.
- Over 3 years, Research & Development stood at $12.3 million in 2024, then jumped by 52.01% to $18.7 million in 2025, then soared by 63.84% to $30.6 million in 2026.
- The last three Research & Development figures came in at $30.6 million (Q2 2026), $18.7 million (Q4 2025), and $17.3 million (Q3 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | GE HealthCare Technologies | 31.10 Bn | 29.22 Bn | 2.18 Bn | 323.00 Mn |
| 2 | Lantheus Holdings | 6.59 Bn | 6.00 Bn | 241.86 Mn | 82.81 Mn |
| 3 | Heartflow | 4.24 Bn | 3.87 Bn | 53.19 Mn | 30.58 Mn |
| 4 | Neogen | 2.58 Bn | 2.39 Bn | 107.80 Mn | 41.10 Mn |
| 5 | Butterfly Network | 1.75 Bn | 1.62 Bn | 23.29 Mn | 11.47 Mn |
| 6 | QuidelOrtho | 954.15 Mn | 830.75 Mn | - | - |
| 7 | Ceribell | 944.88 Mn | 815.62 Mn | 25.94 Mn | 24.42 Mn |
| 8 | Anbio Biotechnology | 941.05 Mn | 929.15 Mn | - | - |
| 9 | Varex Imaging | 780.16 Mn | 694.86 Mn | 76.70 Mn | 23.30 Mn |
| 10 | Prenetics Global | 357.49 Mn | 298.35 Mn | 30.20 Mn | -757,000.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 30.58 Mn |
| Dec 31, 2025 | 18.67 Mn |
| Sep 30, 2025 | 17.30 Mn |
| Jun 30, 2025 | 22.97 Mn |
| Dec 31, 2024 | 12.28 Mn |
| Sep 30, 2024 | 11.86 Mn |
| Jun 30, 2024 | 9.93 Mn |