HeartCore Enterprises, Inc.HTCREarnings & Financial Report
HeartCore Enterprises, Inc. is a global SaaS provider specializing in customer experience management, digital transformation solutions, and marketing technology tools. It operates mainly in Japan, Asia-Pacific, and North America, serving small-to-medium businesses and large enterprises with content management systems, marketing automation platforms, and CRM solutions.
Revenue
$-2.7M
Gross Profit
$-2.1M
Operating Profit
$-10.3M
Net Profit
$-9.3M
Gross Margin
79.9%
Operating Margin
386.5%
Net Margin
346.8%
YoY Growth
-180.2%
EPS
$-0.45
HeartCore Enterprises, Inc. Q4 FY2024 Financial Summary
HeartCore Enterprises, Inc. reported revenue of $-2.7M (down 180.2% YoY) for Q4 FY2024, with a net profit of $-9.3M (down 224.4% YoY) (346.8% margin).
Key Financial Metrics
| Total Revenue | $-2.7M |
|---|---|
| Net Profit | $-9.3M |
| Gross Margin | N/A |
| Operating Margin | 386.5% |
| Report Period | Q4 FY2024 |
HeartCore Enterprises, Inc. Annual Revenue by Year
HeartCore Enterprises, Inc. annual revenue history includes year-by-year totals (for example, 2024 revenue was $22.7M).
| Year | Annual Revenue |
|---|---|
| 2024 | $22.7M |
| 2023 | $21.8M |
| 2022 | $8.8M |
HeartCore Enterprises, Inc. Quarterly Revenue & Net Profit History
HeartCore Enterprises, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q3 FY2025 | $3.0M | -81.6% | $434.1K | 14.5% |
| Q2 FY2025 | $4.7M | +16.7% | $1.1M | 23.2% |
| Q1 FY2025 | $3.6M | -28.9% | $-3.1M | -86.1% |
| Q4 FY2024 | $-2.7M | -180.2% | $-9.3M | 346.8% |
| Q3 FY2024 | $16.2M | +246.4% | $11.1M | 68.1% |
| Q2 FY2024 | $4.1M | -20.2% | $-2.0M | -48.0% |
| Q1 FY2024 | $5.0M | -42.2% | $-1.3M | -26.4% |
| Q4 FY2023 | $3.3M | +66.4% | $-2.9M | -85.7% |
Income Statement
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.3M | $5.0M | $4.1M | $16.2M | $-2.7M | $3.6M | $4.7M | $3.0M |
| YoY Growth | 66.4% | -42.2% | -20.2% | 246.4% | -180.2% | -28.9% | 16.7% | -81.6% |
Balance Sheet
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $19.6M | $22.3M | $24.1M | $25.5M | $14.0M | $10.2M | $13.5M | $13.3M |
| Liabilities | $12.0M | $16.0M | $20.3M | $11.2M | $10.5M | $9.6M | $10.0M | $9.5M |
| Equity | $5.2M | $3.9M | $1.6M | $12.4M | $4.7M | $1.8M | $4.8M | $5.2M |
Cash Flow
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $-1.9M | $-898619 | $-837125 | $-1.8M | $-1.3M | $-2.0M | $-674101 |