Heartflow Inc. (HTFL) Stock Falls on Q1 2026 Earnings

Heartflow Inc. (HTFL) reported first-quarter 2026 results.

Total revenue of $52.6 million, up 41.3% year-over-year and above the consensus estimate of $50.7 million.

Gross profit of $42.2 million, rising 50.9% year-over-year.

Cost of sales totaled $10.4 million.

Operating loss of -$29.5 million, a 68.6% year-over-year change.

Net loss attributable to common shareholders of -$27.4 million, a -15.4% year-over-year change.

Diluted earnings per share of -0.32, compared with an EPS estimate of -0.1915.

Cash and cash equivalents stood at $19.7 million, down 82.1% year-over-year.

Cash used in operating activities was -$10.6 million, a -19.5% year-over-year change.

Purchases of property, plant and equipment totaled -$1.9 million, up 72.5% year-over-year.

Total liabilities were $58.3 million, a -80.9% year-over-year change.

Revenue outperformed estimates while profitability measures remained negative, and shares moved lower following the release (stock down 4.16% since market close).

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

Heartflow INC Insider Trading Activity

Heartflow INC insiders have traded $HTFL stock on the open market 16 times in the past 6 months. Of those trades, 1 have been purchases and 15 have been sales.

Here’s a breakdown of recent trading of $HTFL stock by insiders over the last 6 months:

CAPITAL LIFE SCIENCES INVESTORS, LLC BAIN has made 0 purchases and 5 sales selling 4,000,000 shares for an estimated $114,998,336.
CAMPBELL ROGERS (Chief Medical Officer) has made 0 purchases and 3 sales selling 194,219 shares for an estimated $4,843,612.
JOHN C.M. FARQUHAR (Chief Executive Officer) has made 0 purchases and 5 sales selling 90,248 shares for an estimated $2,413,426.
JEFFREY C LIGHTCAP purchased 40,000 shares for an estimated $1,053,680
JULIE A CULLIVAN has made 0 purchases and 2 sales selling 17,122 shares for an estimated $446,610.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

Heartflow INC Hedge Fund Activity

We have seen 100 institutional investors add shares of Heartflow INC stock to their portfolio, and 46 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

CAPRICORN INVESTMENT GROUP LLC added 1,661,601 shares (+inf%) to their portfolio in Q4 2025, for an estimated $48,435,669
CAPITAL INTERNATIONAL INVESTORS removed 1,297,423 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $37,819,880
BAMCO INC /NY/ added 1,066,371 shares (+86.2%) to their portfolio in Q4 2025, for an estimated $31,084,714
WELLINGTON MANAGEMENT GROUP LLP added 1,014,006 shares (+20.8%) to their portfolio in Q4 2025, for an estimated $29,558,274
CITADEL ADVISORS LLC added 871,223 shares (+230.7%) to their portfolio in Q4 2025, for an estimated $25,396,150
NEXT CENTURY GROWTH INVESTORS LLC added 652,969 shares (+inf%) to their portfolio in Q1 2026, for an estimated $15,886,735
FMR LLC removed 607,381 shares (-12.8%) from their portfolio in Q4 2025, for an estimated $17,705,156

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

Heartflow INC Analyst Ratings

Wall Street analysts have issued reports on $HTFL in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

William Blair issued a "Outperform" rating on 05/04/2026
Wells Fargo issued a "Overweight" rating on 01/28/2026

To track analyst ratings and price targets for Heartflow INC, check out Quiver Quantitative's $HTFL forecast page.

Heartflow INC Price Targets

Multiple analysts have issued price targets for $HTFL recently. We have seen 3 analysts offer price targets for $HTFL in the last 6 months, with a median target of $35.0.

Here are some recent targets:

Larry Biegelsen from Wells Fargo set a target price of $35.0 on 03/19/2026
Robbie Marcus from JP Morgan set a target price of $35.0 on 03/19/2026
William Plovanic from Canaccord Genuity set a target price of $43.0 on 03/19/2026