HeartCore Enterprises, Inc. income statement HTCR

Annual Quarterly

In fiscal 2025, which ended Dec 31, 2025, HeartCore Enterprises, Inc. reported revenue of $9.0 million, down 70.5% from the year before. Net income was $5.8 million, a profit margin of 64.6%. The operating loss came to $3.1 million, an operating margin of -34.8%. Diluted earnings per share were $0.22. Over the twelve months ended Jun 30, 2026, revenue was $9.1 million and net income was $3.9 million. Across the 5 fiscal years shown, revenue shrank from $10.8 million in fiscal 2021 to $9.0 million in fiscal 2025, about 4.6% a year.

USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.

Line	FY 2026 Jun 30, 2026	FY 2025 Dec 31, 2025	FY 2024 Dec 31, 2024	FY 2023 Dec 31, 2023	FY 2022 Dec 31, 2022	FY 2021 Dec 31, 2021
Revenue	9 -35.2%	9 -70.5%	30 +39.2%	22 +147.7%	9 -18.5%	11
Cost of revenue	6 +200.2%	6 -53.8%	13 -8.7%	14 +152.0%	5 -3.0%	6
Gross profit	3 -75.7%	3 -78.6%	15 +82.4%	8 +140.7%	3 -35.4%	5
Research and development	—	—	0 -82.4%	1 +59.0%	1 +25.5%	1
Selling, general and administrative	6 +36.0%	6 -16.8%	8 -32.5%	11 +18.7%	9 +103.7%	5
Operating expenses	6	6	—	12 +21.3%	10 +95.9%	5
Operating income	-3 -1996.8%	-3 -1830.2%	-0 +96.1%	-4 +38.5%	-7 -11445.8%	0
Interest income	—	0 -66.1%	0 -77.5%	0 +5.5%	0 +862.8%	0
Other income (expense)	-1	-1 +81.0%	-5	—	—	—
Pretax income	-5 -7.9%	-4 +24.9%	-6 -10.0%	-5 +25.0%	-7 -44951.9%	0
Income tax	0 +122.8%	0 +112.4%	-0 -171.7%	-0 -2158.6%	-0 -101.7%	0
Net income	4 +2211.9%	6 +491.1%	-1 +64.6%	-4 +37.3%	-7 -1874.7%	-0
Net income to common	4	6 +484.7%	-1 +64.6%	-4 +37.3%	-7 -1874.7%	-0
Basic EPS	0.16 +1080.5%	0.25 +457.1%	-0.07 +66.7%	-0.21 +43.2%	-0.37 -1750.0%	-0.02
Diluted EPS	0.15 +989.1%	0.22 +414.3%	-0.07 +66.7%	-0.21 +43.2%	-0.37 -1750.0%	-0.02
Weighted average shares, basic	23 +107.6%	23 +10.2%	21 +2.6%	20 +13.8%	18 +17.6%	15
Weighted average shares, diluted	26 +128.9%	25 +21.6%	21 +2.6%	20 +13.8%	18 +17.6%	15
Other measures
Depreciation and amortization	0 -22.7%	0 -93.1%	1 -1.0%	1 +719.6%	0 -20.9%	0
EBITDA	-3 -1617.4%	-3 -697.8%	1 +115.0%	-3 +48.0%	-7 -4122.1%	0
Interest coverage	-39.52x	-35.61x	-1.36x	—	—	—
Margins
Gross margin	31.91%	35.14%	48.40%	36.93%	38.00%	47.94%
Operating margin	-37.53%	-34.80%	-0.53%	-18.86%	-75.93%	0.55%
Pretax margin	-51.73%	-46.15%	-18.13%	-22.94%	-75.79%	0.14%
Profit margin	42.79%	64.60%	-4.87%	-19.18%	-75.72%	-3.12%
EBITDA margin	-37.17%	-34.29%	1.69%	-15.73%	-74.99%	1.52%
Effective tax rate	—	—	—	—	—	2,294.78%

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. The first column is the trailing twelve months through the latest quarter. More on our methodology.

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Company profile

Industry: Services-Computer Processing & Data Preparation (SIC 7374)
Listed as: HTCR (Nasdaq)
Fiscal year ends: December 31
Incorporated in: DE
Headquarters: Tokyo
SEC filer status: , Emerging growth company
SEC CIK: 1892322

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.