The strong beat and raised guidance, combined with accelerating revenue growth and margin expansion, make this a clear positive catalyst. Monitor the Q3 earnings call for further updates on Plaque Analysis adoption and operating leverage trajectory.
Price Chart
Executive Summary
Heartflow reported Q2 2026 revenue of $64.1M (+48% YoY) and a GAAP net loss per share of ($0.18), beating consensus estimates of ($0.13) by 47.8%. The company raised full-year 2026 revenue guidance to $246-250M (40-42% YoY growth), up from prior guidance of $228-232M, driven by accelerating FFRCT and Plaque Analysis adoption. Gross margins expanded to 83.0% from 75.5% a year ago, and operating leverage improved, signaling a clear path to profitability.
Key Financial Metrics
Key Facts
- Total revenue of $64.1M, up 48% YoY, beating $56.6M consensus
- GAAP net loss per share of ($0.18) vs consensus ($0.13) — a 47.8% beat
- Full-year 2026 revenue guidance raised to $246-250M (40-42% YoY growth) from $228-232M
- Gross margin expanded to 83.0% from 75.5% YoY; non-GAAP gross margin 83.3%
- Non-GAAP net operating loss narrowed to $7.9M from $11.5M YoY
- Adjusted EBITDA improved to ($6.7M) from ($10.1M) YoY
- U.S. revenue grew 51% YoY to $59.6M; Plaque Analysis emerging as second growth engine
- Cash, cash equivalents and investments totaled $246.8M as of June 30, 2026
Financial Impact
Revenue beat consensus by $7.5M (13.2%); EPS beat by $0.05 (47.8%); guidance raised by $18M at midpoint
Risk Factors
- Company remains unprofitable with a GAAP net loss of $15.7M in Q2
- Dependence on FFRCT and nascent Plaque Analysis products
- Potential for slower-than-expected adoption or reimbursement changes
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001464521-26-000129 |
| Document: htfl-20260813x8k.htm | 0001464521-26-000129 |
| Document: 0001464521-26-000129-index-headers.html | 0001464521-26-000129 |
| Document: 0001464521-26-000129-index.html | 0001464521-26-000129 |
| Document: 0001464521-26-000129.txt | 0001464521-26-000129 |
| 8-K Data (Synthetic) | 0001464521-26-000129 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | 144 | $55.43 | awaiting T+5 | — | $57.01 (+2.84%) |
Oct 22, 2026 4d ago | 144 | $55.43 | awaiting T+5 | — | $57.01 (−2.84%) |
Oct 19, 2026 7d ago | Press Release | $55.59 | awaiting T+5 | — | $57.01 (+2.55%) |
Sep 21, 2026 5w ago | Insider Cluster | $50.17 $49.83 | ▲ +0.68% | ▼ −0.51% | $57.01 (−13.62%) |
Sep 18, 2026 5w ago | Insider Cluster | $50.33 $49.92 | ▲ +0.81% | ▼ −0.21% | $57.01 (−13.26%) |
Sep 15, 2026 5w ago | Insider Cluster | $48.30 $47.39 | ▼ −1.88% | ▼ −4.45% | $57.01 (+18.02%) |
Sep 14, 2026 6w ago | Insider Cluster | $48.33 $50.17 | ▼ −3.81% | ▼ −1.68% | $57.01 (−17.95%) |
Aug 28, 2026 8w ago | Press Release | $47.78 $48.91 | ▲ +2.37% | ▲ +2.26% | $57.01 (+19.31%) |
Aug 25, 2026 8w ago | Insider Cluster | $48.94 $50.00 | ▲ +2.17% | ▲ +2.29% | $57.01 (+16.48%) |
Aug 20, 2026 9w ago | Insider Cluster | $49.75 $47.78 | ▼ −3.96% | ▼ −4.43% | $57.01 (+14.58%) |
US Market Status
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