HeartCore Enterprises, Inc. · Data processing and cloud

HTCR

Moderate riskNext report: Around Nov 17 (est.)

View price ↗

The short version

A profitable company with shrinking sales.

Going well

Profitable, keeps 65% of sales as profit
Little debt
High return on equity: 86%

Watch out for

Share count growing 12.4% a year (dilution)
Revenue down 70.5% from the year before

Money moves

No insider buying or selling in the last 30 days

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$1.39-10.3% that day

Company value: $2M; Share price times all shares
Price vs sales: 0.33x; No profit over the last year, so this compares value with sales instead
Cash vs value: 28%; Cash as a share of company value
Debt vs value: 24%; Debt as a share of company value

From HTCR's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Jun '26

$321K-93% vs a year earlier

Sep '23Tap a barJun '26

Last 12 months: $6.5M, down 81% from the 12 months before. Over 5 years, sales shrank about 0.1% a year.

What the price assumes

Your guesses, our math

Move the sliders to your own view of HTCR. Starting points are the company's recent numbers.

Sales growth-10% a yearRecently: -81% a yearProfit margin50%Last 12 months: 60.0%P/E at the end15xMany steady companies trade at 12x to 25xShare count change+10% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$4M

Profit in 5 years$2M

Price these guesses point to$11.75+745% vs $1.39 todayAbout +53% a year, before dividends

What today's price needs: with a 50% margin and a 15x P/E, sales could shrink about 41% a year for 5 years and still match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

3/6Mixed

PassReturn on equity 15%+Earns a lot on the money owners have in the business.86.3%
PassDebt under half of equityNot relying on borrowed money.0.06x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.64.6%
MissProfitable every yearSteady profits, not one good year.2 of 6 years
MissShare count not growingNot diluting owners. Falling means buybacks.+42.1% in 3 years
MissGross margin 40%+Pricing power: sells for well above what it costs to make.35.1%

Revenue: $9.0M; -70.5% vs prior year
5-year growth: -0.1%/yr; revenue, per year
Total debt: $499K; 0.06x equity
Current ratio: 1.58x; short-term assets / bills due

From annual reports filed with the SEC. Not in this company's SEC data, so not scored: free cash flow positive. A checklist is a starting point for research, not a verdict.

Latest quarter

Quarter ended Jun 30, 2026

Reported Aug 13

Revenue: $321K; -93.2% YoY
EPS: -$1.45; vs $0.99
Op. margin: -256.4%; -240.2 pts
Gross margin: -21.8%; -21.3 pts
Free cash flow: -$1.3M
Share count: +27.4%; vs a year ago

Insider rating

Last 90 days

No open-market insider buys or sells in the last 90 days.

Weekly insider trend

No trades to chart yet.

Filing buzz

Last 7 days vs normal

0/ 100

This week: 0
Normal week: 0.4
vs normal: 0.0x

SEC filings of any kind. 50 means a normal week.

Safety check

From SEC filings

Share count growthYearly rate, last 3 years

-58.3%

Cash runwayAt last year's cash burn

2 months

Debt to equityLatest balance sheet: debt compared with what owners have

0.1x · $487K debt

Shares outstandingLatest reported

Why moderate risk

Revenue down 70.5% from the year before
Late quarterly report notice

Earnings reports

Last 12

Next reportAround Nov 17 (est.)Estimated from the same quarter last year

Results filedAug 13
Results filedMay 15
Results filedMar 31
Results filedFeb 11
Results filedNov 18, 2025

Flags and big holders

Offerings 6 months, flags 12 months, holders 90 days

Late quarterly report noticeNov 14, 2025 · View filing ↗Red flag

Insider trades

Open-market buys and sells, last 90 days

No open-market buys or sells in 90 days. Grants and option exercises are left out.

"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.

Latest filings

Straight from SEC EDGAR

Shareholder vote resultsSep 25 · Form 8-K ↗Proxy statementAug 17 · Form DEF 14A ↗Earnings resultsAug 13 · Form 8-K ↗Quarterly reportAug 13 · Form 10-Q ↗Major agreementAug 7 · Form 8-K ↗New 5%+ holder (passive)Jul 22 · Form SCHEDULE 13G ↗Major agreementJun 25 · Form 8-K ↗Earnings resultsMay 15 · Form 8-K ↗Quarterly reportMay 15 · Form 10-Q ↗Investor disclosureApr 22 · Form 8-K ↗Charter or share changeApr 6 · Form 8-K ↗Investor disclosureApr 1 · Form 8-K ↗Earnings resultsMar 31 · Form 8-K ↗Annual reportMar 31 · Form 10-K ↗Charter or share changeMar 27 · Form 8-K ↗

Source: SEC EDGAR filings. For informational purposes. Not investment advice.

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