The raised guidance and accelerating revenue growth (+41% YoY) confirm strong commercial execution. Monitor Q2 for continued FFRCT volume growth and Plaque Analysis adoption ramp. The $254.9M cash position provides ample runway. The impairment charge is non-recurring and should not affect operating trajectory.
Price Chart
Executive Summary
Heartflow reported Q1 2026 revenue of $52.6M (+41% YoY), beating the $49.7M consensus, and non-GAAP EPS of -$0.16, beating the -$0.17 consensus. The company raised its full-year 2026 revenue guidance to $228M-$232M (29-32% growth) from $218M-$222M, driven by accelerating FFRCT volume and early Plaque Analysis adoption. Despite a GAAP net loss of $27.4M and a $7.5M impairment charge, the strong beat-and-raise signals durable commercial momentum in AI-driven CAD diagnostics.
Key Financial Metrics
Key Facts
- Q1 2026 revenue $52.6M, +41% YoY, vs consensus $49.7M (beat)
- Non-GAAP EPS -$0.16 vs consensus -$0.17 (beat)
- FY2026 revenue guidance raised to $228M-$232M from $218M-$222M (29-32% growth)
- Non-GAAP gross margin 80.5%, up from 75.3% YoY
- GAAP net loss $27.4M ($0.32/share) vs $32.3M ($5.25/share) in prior year; includes $7.5M impairment charge
- Cash and investments $254.9M as of March 31, 2026
Financial Impact
Revenue beat of $2.9M (5.8%) and raised guidance by $10M at midpoint; non-GAAP EPS beat by $0.01
Risk Factors
- GAAP operating expenses grew 58% YoY, outpacing revenue growth
- Non-GAAP net operating loss widened slightly to $15.5M from $15.0M
- Dependence on FFRCT as primary revenue driver; Plaque Analysis still nascent
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3295312 |
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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