Buy Like Buffett
Watchlist

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%
  • 10-K · FY 2025Filing detailsAccession 0001464521-26-000042 · filed Mar 18, 2026
Cost of revenue$40.8M23%
  • 10-K · FY 2025Filing detailsAccession 0001464521-26-000042 · filed Mar 18, 2026
$135M77%
  • 10-K · FY 2025Filing detailsAccession 0001464521-26-000042 · filed Mar 18, 2026
−$64.1M−36%
  • 10-K · FY 2025Filing detailsAccession 0001464521-26-000042 · filed Mar 18, 2026
Income before tax−$117M−66%
  • 10-K · FY 2025Filing detailsAccession 0001464521-26-000042 · filed Mar 18, 2026
Income tax−$76000−0%
  • 10-K · FY 2025Filing detailsAccession 0001464521-26-000042 · filed Mar 18, 2026
−$117M−66%
  • 10-K · FY 2025Filing detailsAccession 0001464521-26-000042 · filed Mar 18, 2026
Source:
  • 10-K · FY 2025Filing detailsAccession 0001464521-26-000042 · filed Mar 18, 2026
· event Dec 31, 2025 · retrieved Oct 18, 2026 · annual-row source set
Embed this chart

View the full Heartflow, Inc. analysis at Buy Like Buffett