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HeartCore Enterprises, Inc.

HTCR Clue Score50
United States Fiscal year ends December CIK 0001892322
$1.71 -4.75% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $1.71 +79.62% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 10 Feb 2022. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2020Revenue9.0Operating income0.3Net income0.2EPS, diluted0.01Fiscal year 2021Revenue10.8 +19.9%Operating income0.1Net income−0.3 −324.0%EPS, diluted−0.02 −300.0%Fiscal year 2022Revenue8.8 −18.5%Operating income−6.7Net income−6.7EPS, diluted−0.37Fiscal year 2023Revenue21.8 +147.7%Operating income−4.1Net income−4.2EPS, diluted−0.21Fiscal year 2024Revenue22.7 +3.8%Operating income−0.2Net income−1.5EPS, diluted−0.07Fiscal year 2025Revenue9.0 −60.5%Operating income−3.1Net income5.8EPS, diluted0.22
FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 9.0 10.8 8.8 21.8 22.7 9.0
Growth +19.9% −18.5% +147.7% +3.8% −60.5%
Operating income 0.3 0.1 −6.7 −4.1 −0.2 −3.1
Net income 0.2 −0.3 −6.7 −4.2 −1.5 5.8
Growth −324.0%
EPS, diluted 0.01 −0.02 −0.37 −0.21 −0.07 0.22
Growth −300.0%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2020Gross margin44.5%Operating margin2.9%Net margin1.7%Free cash flow margin8.0%Fiscal year 2021Gross margin47.9%Operating margin0.5%Net margin−3.1%Free cash flow margin6.7%Fiscal year 2022Gross margin38.0%Operating margin−75.9%Net margin−75.7%Free cash flow margin−55.2%Fiscal year 2023Gross margin36.9%Operating margin−18.9%Net margin−19.2%Free cash flow margin−22.2%Fiscal year 2024Gross margin64.9%Operating margin−0.7%Net margin−6.5%Free cash flow margin−21.1%Fiscal year 2025Gross margin35.1%Operating margin−34.8%Net margin64.6%
FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 44.5% 47.9% 38.0% 36.9% 64.9% 35.1%
Operating margin 2.9% 0.5% −75.9% −18.9% −0.7% −34.8%
Net margin 1.7% −3.1% −75.7% −19.2% −6.5% 64.6%
Free cash flow margin 8.0% 6.7% −55.2% −22.2% −21.1% n/a

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2020Operating cash flow0.7Capital expenditure−0.0Free cash flow0.7Fiscal year 2021Operating cash flow0.8Capital expenditure−0.0Free cash flow0.7 +1.6%Fiscal year 2022Operating cash flow−4.8Capital expenditure−0.1Free cash flow−4.9 −766.4%Buybacks−3.5Fiscal year 2023Operating cash flow−4.3Capital expenditure−0.5Free cash flow−4.9Fiscal year 2024Operating cash flow−4.8Capital expenditure−0.0Free cash flow−4.8Dividends paid−0.8Fiscal year 2025Operating cash flow−3.1Dividends paid−3.3
FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 0.7 0.8 −4.8 −4.3 −4.8 −3.1
Capital expenditure −0.0 −0.0 −0.1 −0.5 −0.0 n/a
Free cash flow 0.7 0.7 −4.9 −4.9 −4.8 n/a
Growth +1.6% −766.4%
Buybacks n/a n/a −3.5 n/a n/a n/a
Dividends paid n/a n/a n/a n/a −0.8 −3.3

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2020Cash3.1Total debt4.0Net cash (debt)−0.9Shareholders’ equity−1.0Fiscal year 2021Cash3.1Total debt2.7Net cash (debt)0.4Shareholders’ equity−0.6Fiscal year 2022Cash7.2Total debt1.8Net cash (debt)5.4Shareholders’ equity4.8Debt to equity0.38Fiscal year 2023Cash1.0Total debt2.1Net cash (debt)−1.1Shareholders’ equity5.2Debt to equity0.41Fiscal year 2024Cash2.0Total debt0.5Net cash (debt)1.4Shareholders’ equity4.7Debt to equity0.12Fiscal year 2025Cash2.0Total debt0.5Net cash (debt)1.5Shareholders’ equity8.8Debt to equity0.06
FY2020FY2021FY2022FY2023FY2024FY2025
Cash 3.1 3.1 7.2 1.0 2.0 2.0
Total debt 4.0 2.7 1.8 2.1 0.5 0.5
Net cash (debt) −0.9 0.4 5.4 −1.1 1.4 1.5
Shareholders’ equity −1.0 −0.6 4.8 5.2 4.7 8.8
Debt to equity n/a n/a 0.38 0.41 0.12 0.06

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Cash flow

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Operations
0.7 0.8 −4.8 −4.3 −4.8 −3.1
Growth +2.8% −727.5%
n/a n/a 0.1 0.7 0.7 0.0
Investment
−0.0 −0.0 −0.1 −0.5 −0.0 n/a
calc 0.7 0.7 −4.9 −4.9 −4.8 n/a
Growth +1.6% −766.4%
calc 0.05 0.05 −0.27 −0.24 −0.23 n/a
−0.4 −0.2 −0.0 −1.8 6.3 n/a
Financing
2.1 −0.3 8.9 0.1 −0.3 n/a
n/a n/a n/a n/a −0.8 −3.3
n/a n/a −3.5 n/a n/a n/a

Lines marked calc are worked out here from filed figures; point at one for how. Capital expenditure, dividends and buybacks are shown as money out, so negative.