Heartflow, Inc. Common Stock

HTFLNASDAQHealthcare● Active

$28.79

+$0.69(+2.46%)

Market Cap$2.5B

P/E Ratio—

52W High$41.223

52W Low$20.13

Avg Volume1.3M

Open$28.79

Beta1.91

Overview

Heartflow, Inc. Common Stock (HTFL) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

HTFL · free cash flow · updated Jun 8, 2026

Core FCF metrics

HTFL · FCF · TTM · margin & CAGR

Free cash flow was −$59.0M for FY2025 (fiscal year ending 2025-12-31), up 19.5% year-over-year The FCF margin was -33.5%.

FY2025 Free Cash Flow−$59.0M▲ +19.5% YoY

Trailing 12M (TTM)−$76.8Mtrailing 4 quarters sum

FCF Margin-33.5%−$59.0M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

HTFL · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest−$54.0M(5M)−$59.0M▲ +19.5%-33.5%

FY2024−$69.0M(4M)−$73.4M▲ +11.1%-58.3%

FY2023−$76.4M(6M)−$82.5M—-94.7%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

HTFL · P/FCF · FCF yield · FCF per share

Heartflow, Inc. Common Stock (HTFL) reported negative free cash flow of −$0.06B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)

N/A

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

N/A

Enterprise Value basis

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

HTFL · cash flow statement · operating / investing / financing

For FY2025, Heartflow, Inc. Common Stock generated −$54.0M in operating cash flow and spent 5M in capital expenditures, yielding −$59.0M in free cash flow.

Operating Activities

−$54.0M

Cash from core business operations

2025-12-31

Investing Activities

−$238.6M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$286.0M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF (−$54.0M) − |CapEx| (5M) = FCF (−$59.0M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Healthcare)

HTFL vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Heartflow, Inc. Common StockYOU

HTFL

−$59.0M+19.5%-33.5%

Loss

UnitedHealth Group Incorporated

UNH

$16.07B-22.4%3.6%

82%

Eli Lilly and Company

LLY

$8.97B+2065.6%13.8%

46%

Healthcare · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Heartflow, Inc. Common Stock (HTFL) reported free cash flow of −$59.0M for FY2025 (fiscal year ending 2025-12-31), up 19.5% year-over-year. The FCF margin was -33.5%.

Heartflow, Inc. Common Stock has reported negative free cash flow in recent periods, indicating capital expenditures have exceeded operating cash flow. Data available for 3 fiscal years.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

HTFL free cash flow · 8 questions

Heartflow, Inc. Common Stock free cash flow was −$59.0M for FY2025, up 19.5% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$76.8M.

HTFL free cash flowHTFL FCFHTFL FCF 2025HTFL free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Heartflow, Inc. Common Stock · Heartflow, Inc. Common Stock SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026