HTCR Nasdaq Services-Computer Processing & Data Preparation Financials FY2020βFY2025
HeartCore Enterprises, Inc. had $9.0M of revenue in fiscal 2025, down 70.5% on the year before. Over five years, revenue changed β0.1% a year on average.
Last close Β· Oct 23, 2026
$1.49
1.4%Hi! I read HeartCore Enterprises, Inc.βs latest annual report (fiscal 2025). Here is what stands out:
Good So-so Weak
Are sales growing?
β70.5%
No. Sales fell 70.5% last year.
Does it make a profit?
64.6%
Yes. It keeps 64.6% of every sale as profit.
How healthy are the accounts?
4 / 9
Mixed. It passes 4 of 9 health tests.
How is the share priced?
β
No P/E: it made no profit over the last four quarters.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
In plain words: Every quarter, companies publish how much they sold and earned. These are the days HeartCore Enterprises, Inc. did it, and the next one. Share prices often move a lot on those days.
Next results
November 17, 2026
Tuesday Β· in 23 days
| Date | Results for | Time | Source |
|---|---|---|---|
| Aug 13, 2026 | Q2 '26 | Before the market opens | 8-K β |
| May 15, 2026 | Q1 '26 | Before the market opens | 8-K β |
| Feb 11, 2026 | Q4 '25 | Before the market opens | 8-K β |
| Nov 18, 2025 | Q3 '25 | Before the market opens | 8-K β |
| Aug 13, 2025 | Q2 '25 | After the market closes | 8-K β |
| May 15, 2025 | Q1 '25 | Before the market opens | 8-K β |
| Mar 31, 2025 | Q4 '24 | Before the market opens | 8-K β |
| Oct 18, 2024 | Q3 '24 | Before the market opens | 8-K β |
From SEC filings: the results press release (8-K) or, without one, the quarterly or annual report.
KIRA Β· HeartCore Enterprises, Inc. had $9.0M of revenue in fiscal 2025, down 70.5% on the year before. Over five years, revenue changed β0.1% a year on average. Its operating margin was β34.8%, down 34.3Β pts: of every 100 in sales, about β35 is left after running the business.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
Revenue
Margins, % of revenue
Margins, % of revenue
KIRA Β· HeartCore Enterprises, Inc. made $5.8M of net profit in fiscal 2025. From fiscal 2020 to 2025, diluted EPS grew 85.6% a year.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
Net income
Diluted EPS
Diluted EPS
How much cash comes in, and where does it go?
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations vs capital spending
KIRA Β· HeartCore Enterprises, Inc. returned $3.3M to shareholders in fiscal 2025. The diluted share count rose 21.6%.
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
Dividends and buybacks
Diluted shares outstanding (annual)
KIRA Β· No open-market insider trades in the last 12 months.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
β
$0.0M
No open-market insider trades in the last 12 months.
Can it carry its debts, and how well does it use its money?
KIRA Β· HeartCore Enterprises, Inc. has $5.0M more cash than debt.
Cash, debt and the ratios that show how comfortably HeartCore Enterprises, Inc. can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Cash vs debt (incl. leases)
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $3.1M | $7.2M | $1.7M | $6.5M | $5.6M |
| Debt incl. finance leases | $2.8M | $1.9M | $2.4M | $0.7M | $0.6M |
| Net debt / EBITDA | β2.1x | β | β | β11.3x | β |
| Debt / equity | β | 0.4x | 0.4x | 0.1x | 0.1x |
| Interest coverage | 1.4x | β160.2x | β25.3x | β1.4x | β35.6x |
| Current ratio | 1.0x | 2.3x | 0.8x | 1.3x | 1.6x |
| Quick ratio | 1.0x | 2.3x | 0.8x | 1.3x | 1.6x |
| Total assets | $9.1M | $12.1M | $19.6M | $14.0M | $13.1M |
| Total liabilities | $9.7M | $7.3M | $12.0M | $10.5M | $5.8M |
| Shareholders' equity | β$0.6M | $4.8M | $5.2M | $4.7M | $8.8M |
| Net debt (β = net cash) | β$0.3M | β$5.3M | $0.7M | β$5.8M | β$5.0M |
KIRA Β· Its return on capital was β65.6%: every 100 invested in the business earned about β66 in a year.
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Return on capital, equity and assets (annual)
KIRA Β· HeartCore Enterprises, Inc. passes 4 of 9 financial health tests (Piotroski F-score).
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Net income is positive | β | β | β | β | β | β |
| Cash from operations is positive | β | β | β | β | β | β |
| Return on assets rose | β | β | β | β | β | β |
| Cash from operations exceeds net income | β | β | β | β | β | β |
| Debt fell relative to assets | β | β | β | β | β | β |
| Current ratio rose | β | β | β | β | β | β |
| Share count didn't rise | β | β | β | β | β | β |
| Gross margin rose | β | β | β | β | β | β |
| Revenue rose relative to assets | β | β | β | β | β | β |
| F-score | β / 3 | 5 / 9 | 3 / 9 | 3 / 9 | 5 / 9 | 4 / 9 |
| Accruals ratio | β5.7% | β11.3% | β17.6% | 0.9% | 19.6% | 65.9% |
| Altman Z'' | β0.66 | β1.36 | β3.22 | β3.75 | β2.47 | β1.89 |
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| Revenue | $9.0M | $10.8M | $8.8M | $21.8M | $30.4M | $9.0M |
| Gross profit | $4.0M | $5.2M | $3.4M | $8.1M | $14.7M | $3.2M |
| Research and development | $0.3M | $0.5M | $0.6M | $1.0M | $0.2M | β |
| Operating income | $0.3M | $0.1M | β$6.7M | β$4.1M | β$0.2M | β$3.1M |
| Interest expense | β | $0.0M | $0.0M | $0.2M | $0.1M | $0.1M |
| Pretax income | $0.2M | $0.0M | β$6.7M | β$5.0M | β$5.5M | β$4.1M |
| Income tax | $0.1M | $0.3M | β$0.0M | β$0.1M | β$0.4M | $0.0M |
| Net income | $0.2M | β$0.3M | β$6.7M | β$4.2M | β$1.5M | $5.8M |
| Net income to common | $0.2M | β$0.3M | β$6.7M | β$4.2M | β$1.5M | $5.7M |
| Diluted EPS | $0.01 | β$0.02 | β$0.37 | β$0.21 | β$0.07 | $0.22 |
| Diluted shares | 0.01B | 0.02B | 0.02B | 0.02B | 0.02B | 0.03B |
| Cash flow | ||||||
| Cash from operations | $0.7M | $0.8M | β$4.8M | β$4.3M | β$4.8M | β$3.1M |
| Capital expenditure | $0.0M | $0.0M | $0.1M | $0.5M | $0.0M | β |
| Free cash flow | $0.7M | $0.7M | β$4.9M | β$4.9M | β$4.8M | β |
| Depreciation and amortization | $0.1M | $0.1M | $0.1M | $0.7M | $0.7M | $0.0M |
| Stock-based compensation | β | $0.0M | $1.5M | $1.4M | $0.4M | β$0.2M |
| Acquisitions | β | β | β | $0.7M | β | β |
| Share buybacks | β | β | $3.5M | β | β | β |
| Dividends paid | β | β | β | β | $0.8M | $3.3M |
| Dividends and buybacks | β | β | $3.5M | β | $0.8M | $3.3M |
| Balance sheet | ||||||
| Cash and short-term investments | $3.1M | $3.1M | $7.2M | $1.7M | $6.5M | $5.6M |
| Total debt | $4.0M | $2.7M | $1.8M | $2.3M | $0.6M | $0.6M |
| Finance lease liabilities | β | $0.1M | $0.0M | $0.1M | $0.1M | β |
| Current assets | $4.3M | $4.6M | $8.5M | $5.5M | $9.4M | $8.4M |
| Current liabilities | $3.7M | $4.6M | $3.6M | $6.5M | $7.4M | $5.3M |
| Property and equipment, net | $0.4M | $0.3M | $0.2M | $0.8M | $0.5M | $0.3M |
| Goodwill | β | β | β | $3.3M | β | β |
| Intangible assets | β | β | β | $4.5M | β | β |
| Total assets | $10.4M | $9.1M | $12.1M | $19.6M | $14.0M | $13.1M |
| Total liabilities | $11.0M | $9.7M | $7.3M | $12.0M | $10.5M | $5.8M |
| Preferred stock | β | β | β | β | β | $0.7M |
| Shareholders' equity | β$1.0M | β$0.6M | $4.8M | $5.2M | $4.7M | $8.8M |
| Margins | ||||||
| Gross margin | 44.5% | 47.9% | 38.0% | 36.9% | 48.4% | 35.1% |
| Operating margin | 2.9% | 0.5% | β75.9% | β18.9% | β0.5% | β34.8% |
| EBITDA margin | 4.1% | 1.5% | β75.0% | β15.7% | 1.7% | β34.3% |
| Net margin | 1.7% | β3.1% | β75.7% | β19.2% | β4.9% | 64.6% |
| FCF margin | 8.0% | 6.7% | β55.2% | β22.2% | β15.7% | β |
| Returns | ||||||
| Return on capital | β | β | β | β56.0% | β | β65.6% |
| Return on capital employed | 3.9% | 1.3% | β78.9% | β31.4% | β2.5% | β40.4% |
| Return on equity | β | β | β314.3% | β84.0% | β30.2% | 86.3% |
| Return on assets | 1.5% | β3.5% | β62.8% | β26.4% | β8.8% | 42.9% |
| Return on tangible equity | β | β | β138.9% | β | β31.8% | 64.9% |
| Growth | ||||||
| Revenue growth | β | 19.9% | β18.5% | 147.7% | 39.2% | β70.5% |
| Net income growth | β | β324.0% | β | β | β | β |
| EPS growth | β | β300.0% | β | β | β | β |
| FCF growth | β | 1.6% | β766.4% | β | β | β |
| Share count change | β | 3.2% | 17.6% | 13.8% | 2.6% | 21.6% |
| Financial health | ||||||
| Net debt / EBITDA | 2.5x | β2.1x | β | β | β11.3x | β |
| Debt / equity | β | β | 0.4x | 0.4x | 0.1x | 0.1x |
| Interest coverage | β | 1.4x | β160.2x | β25.3x | β1.4x | β35.6x |
| Current ratio | 1.2x | 1.0x | 2.3x | 0.8x | 1.3x | 1.6x |
| Quick ratio | 1.2x | 1.0x | 2.3x | 0.8x | 1.3x | 1.6x |
| Capital allocation | ||||||
| Capex / revenue | 0.3% | 0.3% | 0.6% | 2.4% | 0.0% | β |
| Stock comp / revenue | β | 0.2% | 17.2% | 6.5% | 1.2% | β1.7% |
| Quality scores | ||||||
| Piotroski F-score | β | 5.0 | 3.0 | 3.0 | 5.0 | 4.0 |
| Altman Z'' | β0.7 | β1.4 | β3.2 | β3.7 | β2.5 | β1.9 |
| Accruals ratio | β5.7% | β11.3% | β17.6% | 0.9% | 19.6% | 65.9% |
Source: SEC EDGAR XBRL filings (CIK 0001892322). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.
