Heartflow HTFL
NASDAQ HTFL
$48.91 -0.80 (-1.61%)
At close: Sep 4, 2026 · 4:00 PM EDT

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

Historic Data

Download Data
DateValue
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