For the year ending 2025-12-31, HTCR made $8,968,732 in revenue. $5,699,527 in net income. Net profit margin of 63.55%.
| Income Statement | 2025-12-31 | 2024-12-31 | ||
|---|---|---|---|---|
| Revenues | 8,968,732 | 30,407,229 | ||
| Cost of revenues | - | 12,579,359 | ||
| Cost of revenues (including cost of revenues resulting from transactions with a related party of 261,257 and 160,502 for the years ended december 31, 2025 and 2024, respectively) | 5,817,279 | - | ||
| Gross profit | 3,151,453 | 17,827,870 | ||
| Research and development expenses | 0 | 729,584 | ||
| Impairment of intangible asset | 0 | 3,878,125 | ||
| Impairment of goodwill | 0 | 3,276,441 | ||
| Selling expenses | 233,744 | 1,255,368 | ||
| General and administrative expenses (including general and administrative expenses resulting from transactions with a related party of 29,048 and 41,786 for the years ended december 31, 2025 and 2024, respectively) | 6,039,026 | 8,623,587 | ||
| Total operating expenses | 6,272,770 | 17,763,105 | ||
| Loss from continuing operations | -3,121,317 | 64,765 | ||
| Loss on sale of warrants | 0 | 3,970,628 | ||
| Impairment of investment in equity securities | 0 | 300,000 | ||
| Changes in fair value of investments in marketable securities | -1,494,234 | -2,412,385 | ||
| Changes in fair value of investment in warrants | -625,675 | -1,657,699 | ||
| Changes in fair value of derivative liability | -114,422 | - | ||
| Loss on forgiveness of note receivable | 100,000 | 100,000 | ||
| Interest income | 5,381 | 18,835 | ||
| Interest expenses | 87,660 | 144,033 | ||
| Other income | 100,233 | 260,918 | ||
| Other expenses | 181,605 | 424,893 | ||
| Total other expenses | -1,017,788 | -5,414,487 | ||
| Loss from continuing operations before income tax expense (benefit) | -4,139,105 | -5,349,722 | ||
| Income tax expense (benefit) | 44,900 | -136,822 | ||
| Net loss from continuing operations | -4,184,005 | - | ||
| Income (loss) from discontinued operations, net of income tax | 9,677,293 | - | ||
| Net income (loss) | 5,493,288 | -5,212,900 | ||
| Less net loss attributable to non-controlling interests | -300,596 | -3,731,526 | ||
| Net income (loss) attributable to heartcore enterprises, inc | 5,793,884 | -1,481,374 | ||
| Dividends accrued on series a convertible preferred shares | 94,357 | - | ||
| Net income (loss) attributable to heartcore enterprises, inc. common shareholders | 5,699,527 | - | ||
| Basic EPS | 0.25 | -0.07 | ||
| Diluted EPS | 0.22 | -0.07 | ||
| Basic Average Shares | 23,072,519 | 20,940,956 | ||
| Diluted Average Shares | 25,459,388 | 20,940,956 | ||
HeartCore Enterprises, Inc. (HTCR)
HeartCore Enterprises, Inc. (HTCR)