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Side-by-side financial comparison of Heartflow, Inc. (HTFL) and Veris Residential, Inc. (VRE). Click either name above to swap in a different company.

Veris Residential, Inc. is the larger business by last-quarter revenue ($70.1M vs $46.3M, roughly 1.5× Heartflow, Inc.). Veris Residential, Inc. runs the higher net margin — -20.0% vs -109.9%, a 89.9% gap on every dollar of revenue.

HeartFlow, Inc. develops non-invasive cardiovascular diagnostic solutions for global healthcare providers. Its core product uses CT scan data to build 3D coronary artery models, assess blood flow to detect blockages, and support clinicians in making personalized heart disease treatment decisions without invasive procedures.

Veris Residential, Inc. is an American real estate investment trust headquartered in Jersey City, New Jersey, investing primarily in apartments in New Jersey and Boston.

HTFL vs VRE — Head-to-Head

Bigger by revenue
VRE
VRE
1.5× larger
VRE
$70.1M
$46.3M
HTFL
Higher net margin
VRE
VRE
89.9% more per $
VRE
-20.0%
-109.9%
HTFL

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
HTFL
HTFL
VRE
VRE
Revenue
$46.3M
$70.1M
Net Profit
$-50.9M
$-14.0M
Gross Margin
76.5%
95.9%
Operating Margin
-32.6%
-22.2%
Net Margin
-109.9%
-20.0%
Revenue YoY
3.5%
Net Profit YoY
-30.9%
EPS (diluted)
$-1.04
$-0.15

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
HTFL
HTFL
VRE
VRE
Q1 26
$70.1M
Q4 25
$71.3M
Q3 25
$46.3M
$73.4M
Q2 25
$43.4M
$75.9M
Q1 25
$67.8M
Q4 24
$68.1M
Q3 24
$68.2M
Q2 24
$67.5M
Net Profit
HTFL
HTFL
VRE
VRE
Q1 26
$-14.0M
Q4 25
$-203.0K
Q3 25
$-50.9M
$75.2M
Q2 25
$-9.2M
$10.9M
Q1 25
$-10.7M
Q4 24
$-12.4M
Q3 24
$-9.7M
Q2 24
$2.9M
Gross Margin
HTFL
HTFL
VRE
VRE
Q1 26
95.9%
Q4 25
97.2%
Q3 25
76.5%
96.8%
Q2 25
75.5%
97.2%
Q1 25
95.9%
Q4 24
97.1%
Q3 24
96.9%
Q2 24
97.3%
Operating Margin
HTFL
HTFL
VRE
VRE
Q1 26
-22.2%
Q4 25
-0.9%
Q3 25
-32.6%
Q2 25
-31.6%
15.8%
Q1 25
-20.4%
Q4 24
-21.9%
Q3 24
-16.2%
Q2 24
2.2%
Net Margin
HTFL
HTFL
VRE
VRE
Q1 26
-20.0%
Q4 25
-0.3%
Q3 25
-109.9%
102.4%
Q2 25
-21.2%
14.4%
Q1 25
-15.8%
Q4 24
-18.3%
Q3 24
-14.2%
Q2 24
4.3%
EPS (diluted)
HTFL
HTFL
VRE
VRE
Q1 26
$-0.15
Q4 25
$0.00
Q3 25
$-1.04
$0.80
Q2 25
$-1.46
$0.12
Q1 25
$-0.12
Q4 24
$-0.14
Q3 24
$-0.10
Q2 24
$0.03

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
HTFL
HTFL
VRE
VRE
Cash + ST InvestmentsLiquidity on hand
$291.2M
$9.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$254.6M
$1.1B
Total Assets
$364.4M
$2.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HTFL
HTFL
VRE
VRE
Q1 26
$9.4M
Q4 25
$14.1M
Q3 25
$291.2M
$8.8M
Q2 25
$80.2M
$11.4M
Q1 25
$7.6M
Q4 24
$7.3M
Q3 24
$12.8M
Q2 24
$18.4M
Total Debt
HTFL
HTFL
VRE
VRE
Q1 26
Q4 25
$1.4B
Q3 25
Q2 25
Q1 25
Q4 24
$1.7B
Q3 24
Q2 24
Stockholders' Equity
HTFL
HTFL
VRE
VRE
Q1 26
$1.1B
Q4 25
$1.2B
Q3 25
$254.6M
$1.2B
Q2 25
$-894.8M
$1.1B
Q1 25
$1.1B
Q4 24
$1.1B
Q3 24
$1.1B
Q2 24
$1.1B
Total Assets
HTFL
HTFL
VRE
VRE
Q1 26
$2.7B
Q4 25
$2.7B
Q3 25
$364.4M
$2.8B
Q2 25
$159.4M
$3.1B
Q1 25
$3.0B
Q4 24
$3.0B
Q3 24
$3.0B
Q2 24
$3.0B
Debt / Equity
HTFL
HTFL
VRE
VRE
Q1 26
Q4 25
1.18×
Q3 25
Q2 25
Q1 25
Q4 24
1.52×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
HTFL
HTFL
VRE
VRE
Operating Cash FlowLast quarter
$-3.0M
$14.0M
Free Cash FlowOCF − Capex
$-4.2M
FCF MarginFCF / Revenue
-9.1%
Capex IntensityCapex / Revenue
2.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HTFL
HTFL
VRE
VRE
Q1 26
$14.0M
Q4 25
$76.0M
Q3 25
$-3.0M
$13.5M
Q2 25
$-40.5M
$23.8M
Q1 25
$13.2M
Q4 24
$52.3M
Q3 24
$13.9M
Q2 24
$10.8M
Free Cash Flow
HTFL
HTFL
VRE
VRE
Q1 26
Q4 25
Q3 25
$-4.2M
Q2 25
$-42.4M
Q1 25
Q4 24
Q3 24
Q2 24
FCF Margin
HTFL
HTFL
VRE
VRE
Q1 26
Q4 25
Q3 25
-9.1%
Q2 25
-97.6%
Q1 25
Q4 24
Q3 24
Q2 24
Capex Intensity
HTFL
HTFL
VRE
VRE
Q1 26
Q4 25
Q3 25
2.7%
Q2 25
4.4%
Q1 25
Q4 24
Q3 24
Q2 24
Cash Conversion
HTFL
HTFL
VRE
VRE
Q1 26
Q4 25
Q3 25
0.18×
Q2 25
2.18×
Q1 25
Q4 24
Q3 24
Q2 24
3.71×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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