This page shows HEARTCORE ENTERPRISES INC (HTCR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
FY2025 profit was not produced by the core business; cash burn, weaker margins, and lost scale still define the operating model.
Net income was$5.8M even though operating income was-$3.1M . With operating cash flow also at-$3.1M , the earnings improvement did not come from healthier day-to-day selling economics; it came from items outside the core operating engine.
At the prior revenue peak, operating margin had narrowed to
The balance sheet is less debt-dependent than in earlier years, with debt-to-equity down to 0.1x and the current ratio up to 1.6x. But
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of HEARTCORE ENTERPRISES INC's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
HEARTCORE ENTERPRISES INC scores -0.85, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($4.3M) relative to total liabilities ($5.8M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
HEARTCORE ENTERPRISES INC passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, HEARTCORE ENTERPRISES INC generates $-0.54 in operating cash flow (-$3.1M OCF vs $5.8M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
HEARTCORE ENTERPRISES INC earns $-314.7 in operating income for every $1 of interest expense (-$3.1M vs $10K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
HEARTCORE ENTERPRISES INC generated $9.0M in revenue in fiscal year 2025. This represents a decrease of 70.5% from the prior year.
HEARTCORE ENTERPRISES INC's EBITDA was -$3.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 697.8% from the prior year.
HEARTCORE ENTERPRISES INC reported $5.8M in net income in fiscal year 2025. This represents an increase of 491.1% from the prior year.
HEARTCORE ENTERPRISES INC earned $0.22 per diluted share (EPS) in fiscal year 2025. This represents an increase of 414.3% from the prior year.
Cash & Balance Sheet
HEARTCORE ENTERPRISES INC held $2.0M in cash against $448K in long-term debt as of fiscal year 2025.
HEARTCORE ENTERPRISES INC had 25M shares outstanding in fiscal year 2025. This represents an increase of 15.9% from the prior year.
Margins & Returns
HEARTCORE ENTERPRISES INC's gross margin was 35.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 13.3 percentage points from the prior year.
HEARTCORE ENTERPRISES INC's operating margin was -34.8% in fiscal year 2025, reflecting core business profitability. This is down 34.3 percentage points from the prior year.
HEARTCORE ENTERPRISES INC's net profit margin was 64.6% in fiscal year 2025, showing the share of revenue converted to profit. This is up 69.5 percentage points from the prior year.
HEARTCORE ENTERPRISES INC's ROE was 66.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 97.8 percentage points from the prior year.
Capital Allocation
HTCR Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.2M | N/A | $3.0M-37.0% | $4.7M+32.3% | $3.6M-29.0% | $5.1M-68.9% | $16.2M+299.4% | $4.1M |
| Cost of Revenue | $1.2M | N/A | $1.5M-39.8% | $2.5M+63.0% | $1.5M+389.2% | -$536K-124.0% | $2.2M-31.6% | $3.3M |
| Gross Profit | $74K | N/A | $1.5M-33.8% | $2.2M+307.8% | $544K-90.3% | $5.6M-60.1% | $14.0M+1638.5% | $806K |
| R&D Expenses | $124K | N/A | N/A | $161K+30.3% | $124K+246.9% | -$84K-232.4% | $64K-42.7% | $111K |
| SG&A Expenses | $1.6M | N/A | $1.4M-11.4% | $1.6M-1.1% | $1.6M+50.6% | $1.1M-27.2% | $1.4M-28.6% | $2.0M |
| Operating Income | -$1.5M | N/A | -$11K-110.4% | $107K+109.0% | -$1.2M+88.5% | -$10.3M-183.6% | $12.3M+918.8% | -$1.5M |
| Interest Expense | $1K | N/A | $3K-91.7% | $33K+1683.0% | $2K+102.8% | -$65K-2048.1% | $3K-91.0% | $37K |
| Income Tax | $17K | N/A | $3K+194.7% | -$4K-109.0% | $40K+109.9% | -$401K-311.1% | $190K+362.9% | -$72K |
| Net Income | -$1.9M | N/A | $434K-60.5% | $1.1M+135.6% | -$3.1M+66.6% | -$9.3M-183.7% | $11.1M+666.7% | -$2.0M |
| EPS (Diluted) | $-1.49 | N/A | $0.02-50.0% | $0.04+101.4% | $-2.80 | N/A | $0.53+688.9% | $-0.09 |
HTCR Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $11.8M-9.9% | $13.1M-2.1% | $13.3M-1.4% | $13.5M+32.3% | $10.2M-26.8% | $14.0M-45.2% | $25.5M+5.8% | $24.1M |
| Current Assets | $6.9M-18.3% | $8.4M-33.3% | $12.6M+41.3% | $8.9M+47.2% | $6.1M-35.6% | $9.4M-23.1% | $12.3M+12.4% | $10.9M |
| Cash & Equivalents | $774K-61.0% | $2.0M+36.9% | $1.5M-38.2% | $2.3M+217.7% | $739K-62.6% | $2.0M+60.2% | $1.2M-67.6% | $3.8M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $573K-19.1% | $708K-36.1% | $1.1M-63.1% | $3.0M+41.9% | $2.1M+105.3% | $1.0M-60.1% | $2.6M+5.7% | $2.4M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | $3.3M0.0% | $3.3M |
| Total Liabilities | $6.5M+12.6% | $5.8M-39.3% | $9.5M-4.6% | $10.0M+3.6% | $9.6M-8.4% | $10.5M-5.9% | $11.2M-45.1% | $20.3M |
| Current Liabilities | $5.9M+10.0% | $5.3M-40.8% | $9.0M+26.9% | $7.1M+6.0% | $6.7M-9.8% | $7.4M+13.6% | $6.5M-57.0% | $15.2M |
| Long-Term Debt | $435K-3.0% | $448K-2.8% | $461K-57.9% | $1.1M-5.9% | $1.2M+133.9% | $499K-63.9% | $1.4M-1.5% | $1.4M |
| Total Equity | $6.9M-21.7% | $8.8M+69.1% | $5.2M+7.3% | $4.8M+162.9% | $1.8M-60.4% | $4.7M-62.5% | $12.4M+672.5% | $1.6M |
| Retained Earnings | -$15.6M-13.6% | -$13.8M+22.7% | -$17.8M+2.4% | -$18.2M+5.7% | -$19.3M-19.0% | -$16.2M-132.4% | -$7.0M+61.3% | -$18.0M |
HTCR Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$1.2M-747.3% | -$136K+55.5% | -$306K+54.6% | -$674K+66.3% | -$2.0M-14.5% | -$1.7M-35.3% | -$1.3M-54.3% | -$837K |
| Capital Expenditures | $954 | N/A | N/A | N/A | N/A | $3K | $0 | N/A |
| Free Cash Flow | -$1.2M | N/A | N/A | N/A | N/A | -$1.8M-35.6% | -$1.3M | N/A |
| Investing Cash Flow | N/A | N/A | N/A | $619K+30.8% | $473K-54.2% | $1.0M+549.6% | -$230K-105.9% | $3.9M |
| Financing Cash Flow | N/A | N/A | N/A | $1.6M+1038.8% | $143K-88.2% | $1.2M+284.8% | -$655K-64.1% | -$399K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | $0-100.0% | $417K | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
HTCR Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 5.9% | N/A | 49.1%+2.4pp | 46.7%+31.6pp | 15.2%-95.4pp | 110.6%+24.3pp | 86.3%+66.4pp | 19.8% |
| Operating Margin | -123.6% | N/A | -0.4%-2.6pp | 2.3%+35.4pp | -33.2%+170.9pp | -204.1%-280.1pp | 76.0%+113.1pp | -37.1% |
| Net Margin | -150.2% | N/A | 14.5%-8.7pp | 23.2%+109.2pp | -86.1%+97.1pp | -183.1%-251.2pp | 68.1%+116.1pp | -48.0% |
| Return on Equity | -27.2% | N/A | 8.4%-14.4pp | 22.7%+190.4pp | -167.7%+31.2pp | -198.9%-288.0pp | 89.2%+210.7pp | -121.5% |
| Return on Assets | -15.9% | N/A | 3.3%-4.9pp | 8.1%+38.3pp | -30.2%+36.1pp | -66.3%-109.7pp | 43.4%+51.5pp | -8.1% |
| Current Ratio | 1.17-0.4 | 1.58+0.2 | 1.40+0.1 | 1.26+0.4 | 0.91-0.4 | 1.27-0.6 | 1.88+1.2 | 0.72 |
| Debt-to-Equity | 0.06+0.0 | 0.05-0.0 | 0.09-0.1 | 0.23-0.4 | 0.63+0.5 | 0.110.0 | 0.11-0.8 | 0.87 |
| FCF Margin | -92.7% | N/A | N/A | N/A | N/A | -34.6%-26.7pp | -8.0% | N/A |
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Frequently Asked Questions
What is HEARTCORE ENTERPRISES INC's annual revenue?
HEARTCORE ENTERPRISES INC (HTCR) reported $9.0M in total revenue for fiscal year 2025. This represents a -70.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is HEARTCORE ENTERPRISES INC's revenue growing?
HEARTCORE ENTERPRISES INC (HTCR) revenue declined by 70.5% year-over-year, from $30.4M to $9.0M in fiscal year 2025.
Is HEARTCORE ENTERPRISES INC profitable?
Yes, HEARTCORE ENTERPRISES INC (HTCR) reported a net income of $5.8M in fiscal year 2025, with a net profit margin of 64.6%.
What is HEARTCORE ENTERPRISES INC's EBITDA?
HEARTCORE ENTERPRISES INC (HTCR) had EBITDA of -$3.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does HEARTCORE ENTERPRISES INC have?
As of fiscal year 2025, HEARTCORE ENTERPRISES INC (HTCR) had $2.0M in cash and equivalents against $448K in long-term debt.
What is HEARTCORE ENTERPRISES INC's gross margin?
HEARTCORE ENTERPRISES INC (HTCR) had a gross margin of 35.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is HEARTCORE ENTERPRISES INC's operating margin?
HEARTCORE ENTERPRISES INC (HTCR) had an operating margin of -34.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is HEARTCORE ENTERPRISES INC's net profit margin?
HEARTCORE ENTERPRISES INC (HTCR) had a net profit margin of 64.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is HEARTCORE ENTERPRISES INC's return on equity (ROE)?
HEARTCORE ENTERPRISES INC (HTCR) has a return on equity of 66.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is HEARTCORE ENTERPRISES INC's operating cash flow?
HEARTCORE ENTERPRISES INC (HTCR) generated -$3.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are HEARTCORE ENTERPRISES INC's total assets?
HEARTCORE ENTERPRISES INC (HTCR) had $13.1M in total assets as of fiscal year 2025, including both current and long-term assets.
What is HEARTCORE ENTERPRISES INC's current ratio?
HEARTCORE ENTERPRISES INC (HTCR) had a current ratio of 1.58 as of fiscal year 2025, which is generally considered healthy.
What is HEARTCORE ENTERPRISES INC's debt-to-equity ratio?
HEARTCORE ENTERPRISES INC (HTCR) had a debt-to-equity ratio of 0.05 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is HEARTCORE ENTERPRISES INC's return on assets (ROA)?
HEARTCORE ENTERPRISES INC (HTCR) had a return on assets of 44.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is HEARTCORE ENTERPRISES INC's cash runway?
Based on fiscal year 2025 data, HEARTCORE ENTERPRISES INC (HTCR) had $2.0M in cash against an annual operating cash burn of $3.1M. This gives an estimated cash runway of approximately 8 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is HEARTCORE ENTERPRISES INC's Altman Z-Score?
HEARTCORE ENTERPRISES INC (HTCR) has an Altman Z-Score of -0.85, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is HEARTCORE ENTERPRISES INC's Piotroski F-Score?
HEARTCORE ENTERPRISES INC (HTCR) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are HEARTCORE ENTERPRISES INC's earnings high quality?
HEARTCORE ENTERPRISES INC (HTCR) has an earnings quality ratio of -0.54x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can HEARTCORE ENTERPRISES INC cover its interest payments?
HEARTCORE ENTERPRISES INC (HTCR) has an interest coverage ratio of -314.7x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is HEARTCORE ENTERPRISES INC?
HEARTCORE ENTERPRISES INC (HTCR) scores 33 out of 100 on our Financial Health Score, indicating weak standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.