Equity Profile

HTFL

HeartFlow, Inc.

Health CareHealth Care Technology$2.3B

May14Thu

Post-Earnings Recap

ReportedQ1-2026After Close4:01 PM EDT

HeartFlow, Inc. Beats on EPS, Stock Up 3.33%

Metric	Actual	Expected	Surprise
EPS	$-0.16	$-0.17	+32.49%
Revenue	N/A	$50M	N/A

management commentary, guidance changes, and full analysis available with Pro.

HeartFlow, Inc. Beats on EPS, Stock Up 3.33%

Key Numbers

Metric	Actual	Expected	Surprise
EPS	$-0.16	$-0.17	+32.49%
Revenue	N/A	$50M	N/A

Management Commentary

Tone: Unknown

No transcript is on record, and the analysis is based on numerical results only.

What It Means

HeartFlow's Q1-2026 earnings report showed a better-than-expected EPS, which led to a 3.33% increase in the stock price. However, revenue figures were not disclosed, leaving some uncertainty. The positive EPS surprise may indicate improved operational efficiency or cost management.

Company Snapshot

HeartFlow, Inc. is a health care technology company focused on improving cardiovascular care through advanced imaging and analysis....

Key Metrics to Watch

EPS

Earnings per share (EPS) is a key indicator of profitability and will show how well the company is managing its costs.

-$0.17

Revenue

Revenue figures will provide insight into the company's sales performance and market demand for its technology.

$50M

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

HeartFlow, Inc. is a health care technology company focused on improving cardiovascular care through advanced imaging and analysis. As part of the health care sector, it plays a crucial role in leveraging technology to enhance patient outcomes and streamline diagnostic processes.

Earnings Scorecard·Last 3Q

EPS Beat Streak

EPS Beat Rate

67%

Avg EPS Surprise

+27.50%

Avg Stock Reaction

+7.01%

Last Quarter Recap

In the last quarter, HeartFlow reported an EPS of -$0.12, significantly beating expectations of -$0.24, which led to a positive stock reaction of 13.10%. However, revenue details were not disclosed.

Management Promises & Guidance

Focus on expanding market reach and adoption of its technology.
Commitment to improving operational efficiency.
Plans to enhance product offerings based on customer feedback.

Expectations

Wall Street Expectations

Analysts expect HeartFlow to report a narrower loss this quarter with revenue in line with previous performance. The market is watching closely for any signs of growth in adoption rates.

Bull Case

If HeartFlow can exceed revenue expectations and show improved EPS, it may signal strong demand for its technology, potentially leading to a significant stock price increase.

Bear Case

Conversely, if the company fails to meet revenue expectations or shows continued losses, it could raise concerns about its market position and growth prospects.

Key Metrics to Watch

EPS

-$0.17

Earnings per share (EPS) is a key indicator of profitability and will show how well the company is managing its costs.

Revenue

$50M

Revenue figures will provide insight into the company's sales performance and market demand for its technology.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will HeartFlow's revenue meet or exceed the $50M consensus estimate?

Meeting or exceeding this revenue target will be crucial for demonstrating continued demand for HeartFlow's products and services.

How does management plan to address the ongoing losses indicated by the EPS forecast?

Investors will be keen to hear about strategies to improve profitability and reduce losses, which could impact future growth.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating HeartFlow's potential for revenue growth due to increased adoption of its technology, which could lead to better-than-expected results.

Supporting Evidence

The company has consistently beaten EPS expectations, indicating stronger operational performance.

Recent trends in cardiovascular care suggest a growing market for innovative health care technologies.

Key Risk

If HeartFlow's revenue exceeds $50M, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is critical as it will indicate whether HeartFlow can maintain momentum in a competitive health care technology landscape.

Bull Confirmed If

Achieving revenue growth above $50M and an EPS improvement to less than -$0.15 would confirm the bull case.

Bear Confirmed If

Failing to reach $50M in revenue and reporting an EPS worse than -$0.19 would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±15.5%

Historical Avg

±7.0%

Pricing rich

The options market is pricing in a significant move following the earnings report, indicating uncertainty about the results.

Options are pricing ±13.0% while HTFL has averaged ±7.0% over the last 3 prints — setup is pricing rich.

Detail

ATM IV

3.0%

30d HV

43.9%

Calls (8K)P/C Ratio: 0.08Puts (300)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If HeartFlow beats expectations, history suggests a potential stock increase of around 8.85%, confirming strong demand.

In-Line / Cautious

If results are in line with expectations, the stock may react cautiously, reflecting uncertainty about future growth.

Miss

In the event of a miss, the stock could see a decline, with historical patterns indicating a significant downside.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on customer adoption rates for HeartFlow's technology.
2Details on cost management strategies to improve EPS.
3Insights into market trends affecting revenue growth.
4Management's outlook on future product developments.
5Comments on competitive positioning within the health care technology sector.

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Company Snapshot

HeartFlow, Inc. is a health care technology company focused on improving cardiovascular care through advanced imaging and analysis....

Key Metrics to Watch

EPS

Earnings per share (EPS) is a key indicator of profitability and will show how well the company is managing its costs.

-$0.17

Revenue

Revenue figures will provide insight into the company's sales performance and market demand for its technology.

$50M

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 3Q

EPS Beat Streak

EPS Beat Rate

67%

Avg EPS Surprise

+27.50%

Avg Stock Reaction

+7.01%

Last Quarter Recap

In the last quarter, HeartFlow reported an EPS of -$0.12, significantly beating expectations of -$0.24, which led to a positive stock reaction of 13.10%. However, revenue details were not disclosed.

Management Promises & Guidance

Focus on expanding market reach and adoption of its technology.
Commitment to improving operational efficiency.
Plans to enhance product offerings based on customer feedback.

Expectations

Wall Street Expectations

Analysts expect HeartFlow to report a narrower loss this quarter with revenue in line with previous performance. The market is watching closely for any signs of growth in adoption rates.

Bull Case

If HeartFlow can exceed revenue expectations and show improved EPS, it may signal strong demand for its technology, potentially leading to a significant stock price increase.

Bear Case

Conversely, if the company fails to meet revenue expectations or shows continued losses, it could raise concerns about its market position and growth prospects.

Key Metrics to Watch

EPS

-$0.17

Earnings per share (EPS) is a key indicator of profitability and will show how well the company is managing its costs.

Revenue

$50M

Revenue figures will provide insight into the company's sales performance and market demand for its technology.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will HeartFlow's revenue meet or exceed the $50M consensus estimate?

Meeting or exceeding this revenue target will be crucial for demonstrating continued demand for HeartFlow's products and services.

How does management plan to address the ongoing losses indicated by the EPS forecast?

Investors will be keen to hear about strategies to improve profitability and reduce losses, which could impact future growth.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating HeartFlow's potential for revenue growth due to increased adoption of its technology, which could lead to better-than-expected results.

Supporting Evidence

The company has consistently beaten EPS expectations, indicating stronger operational performance.

Recent trends in cardiovascular care suggest a growing market for innovative health care technologies.

Key Risk

If HeartFlow's revenue exceeds $50M, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is critical as it will indicate whether HeartFlow can maintain momentum in a competitive health care technology landscape.

Bull Confirmed If

Achieving revenue growth above $50M and an EPS improvement to less than -$0.15 would confirm the bull case.

Bear Confirmed If

Failing to reach $50M in revenue and reporting an EPS worse than -$0.19 would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±15.5%

Historical Avg

±7.0%

Pricing rich

The options market is pricing in a significant move following the earnings report, indicating uncertainty about the results.

Options are pricing ±13.0% while HTFL has averaged ±7.0% over the last 3 prints — setup is pricing rich.

Detail

ATM IV

3.0%

30d HV

43.9%

Calls (8K)P/C Ratio: 0.08Puts (300)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If HeartFlow beats expectations, history suggests a potential stock increase of around 8.85%, confirming strong demand.

In-Line / Cautious

If results are in line with expectations, the stock may react cautiously, reflecting uncertainty about future growth.

Miss

In the event of a miss, the stock could see a decline, with historical patterns indicating a significant downside.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on customer adoption rates for HeartFlow's technology.
2Details on cost management strategies to improve EPS.
3Insights into market trends affecting revenue growth.
4Management's outlook on future product developments.
5Comments on competitive positioning within the health care technology sector.