Flagship explainer

How Heartflow, Inc. makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$176M · 100%Cost of revenue$40.8M · 23%Gross profit$135M · 77%Operating income−$64.1M · −36%Income before tax−$117M · −66%Income tax−$76000 · −0%Net income−$117M · −66%As of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$176M100%
Cost of revenue$40.8M23%
$135M77%
−$64.1M−36%
Income before tax−$117M−66%
Income tax−$76000−0%
−$117M−66%
Source: · event Dec 31, 2025 · retrieved Jul 26, 2026 · annual-row source set
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