Company Overview
HeartCore Enterprises, Inc. provides initial public offerings (IPO) consulting services in Japan, the United States, and internationally. It offers Go IPO consulting services, including assisting with introductions to law firms, underwriters, and auditing firms; providing process mining and task mining licenses for internal audit and internal control; assisting in the preparation of documentation for internal controls required for an initial public offering and simultaneous listing on the Nasdaq Stock Market, the New York Stock Exchange, or the NYSE American; providing support services to remove problematic accounting accounts upon listing support; translation of requested documents into English; attending and leading meetings of management and employees; support services related to the Nasdaq, the New York Stock Exchange, or the NYSE American listing; converting accounting data from Japanese standards to accounting principles generally accepted in the U.S.; assisting in the preparation of S-1 or F-1 filings; creating English web page; and preparing an investor presentation/deck and executive summary of the operations. HeartCore Enterprises, Inc. was founded in 2009 and is headquartered in Shibuya, Japan.
Why Investors Should Care
Net profit has compounded at 107.4% per year over the last five years.
Maintains a net profit margin of 42.8%.
Carries low leverage with a debt-to-equity ratio of 0.10.
Recent Developments
- Dec 2025 Revenue of $8.97M (-60.5% YoY); net profit $5.79M.
- Trailing 12 Months Year-on-year growth — revenue +71.6%.
- 5-Year Trend Long-term compounding — revenue CAGR -0.1%, profit CAGR 107.4%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | -0.13% |
| 1 Year: | 71.60% |
Compounded Profit Growth
| 5 Years: | 107.41% |
| 1 Year: | - |
Stock Price Performance
| 1 Year: | -75.14% |
| 6 Months: | -59.50% |
| 3 Months: | -38.46% |
| 1 Month: | -28.47% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMABelow
- Price vs 200-DMABelow
- RSI (14)33.21 · Neutral
Auto-generated from price history and fundamentals; not investment advice.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Excellent profit margin of 42.8%.
- Profit CAGR of 107.4% over 5 years.
CONS
- Revenue declined at -0.1% CAGR over 5 years.
- Trading 91.1% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Technology).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | HTCR HeartCore Enterprises, Inc. TECH | 1.96 | -0.57 | $2.97M | 0.00% | -40.37% | -109.82% | -0.13% | 107.41% |
| 2 | NVDA NVIDIA Corporation NDXSPXR3KAITECH | 225.73 | 28.50 | $5.45T | 0.46% | 74.66% | 117.21% | 24.64% | 32.12% |
| 3 | AAPL Apple Inc. NDXSPXR3KTECH | 316.22 | 36.22 | $4.61T | 0.34% | 68.72% | 148.75% | 1.81% | 3.92% |
| 4 | MSFT Microsoft Corporation NDXSPXR3KAITECH | 493.95 | 27.49 | $3.67T | 0.79% | 26.33% | 34.04% | 9.93% | 11.90% |
| 5 | TSM Taiwan Semiconductor Manufacturing Company Limited AITECH | 439.00 | 32.71 | $2.28T | 0.95% | 30.20% | 39.97% | 18.94% | 19.57% |
| 6 | AVGO Broadcom Inc. NDXSPXR3KAITECH | 368.56 | 46.95 | $1.75T | 0.71% | 16.70% | 44.25% | 17.04% | 54.08% |
| 7 | MU Micron Technology, Inc. NDXSPXR3KAITECH | 1,000.26 | 22.59 | $1.13T | 0.05% | 13.69% | 66.64% | 13.68% | 26.02% |
| 8 | AMD Advanced Micro Devices, Inc. NDXSPXR3KAITECH | 505.74 | 128.36 | $825.61B | 0.00% | 5.47% | 10.20% | 11.81% | 66.28% |
| 9 | ASML ASML Holding N.V. NDXAITECH | 1,764.85 | 59.89 | $677.88B | 0.51% | 42.97% | 53.94% | 15.55% | 19.55% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in USD.
| Metric | Mar 2021 | Jun 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2.11M | 2.87M | 3.47M | 2.28M | 2.67M | 1.87M | 8.73M | 5.10M | 4.69M | 5.05M | 4.07M | 16.24M | 2.09M | - | 2.99M | 1.25M |
| Gross Profit | 702.68K | 1.69M | 1.68M | 1.22M | 1.33M | 329.22K | 5.63M | 1.51M | 828.67K | 2.03M | 805.88K | 14.01M | 543.77K | 2.22M | 1.47M | 74.05K |
| Operating Income | -158.56K | 487.81K | 212.56K | -1.56M | -1.66M | -2.01M | 2.30M | -1.47M | -1.79M | -682.96K | -1.51M | 12.34M | -1.19M | 107.47K | -11.15K | -1.54M |
| Net Income | -183.25K | 400.79K | 186.17K | -1.58M | -1.70M | -1.97M | 1.88M | -911.80K | -2.31M | -1.33M | -1.95M | 11.06M | -3.09M | 1.10M | 434.07K | -1.87M |
| Diluted EPS | -0.01 | 0.03 | 0.01 | -0.09 | -0.09 | -0.11 | 0.10 | -0.04 | -0.11 | -0.06 | -0.09 | 0.53 | -2.80 | 0.04 | 0.02 | -1.49 |
| R&D Expense | 52.15K | 80.03K | 189.69K | 108.26K | 417.23K | 58.27K | 79.62K | 39.61K | 170.07K | 89.13K | 111.27K | 63.71K | 123.89K | 161.48K | - | - |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|
| Revenue | 9.03M | 10.82M | 8.82M | 21.85M | 22.69M | 8.97M |
| Gross Profit | 4.02M | 5.19M | 3.35M | 8.07M | 14.72M | 3.15M |
| Operating Income | 258.70K | 59.02K | -6.70M | -4.12M | -161.71K | -3.12M |
| Net Income | 150.96K | -338.16K | -6.68M | -4.19M | -1.48M | 5.79M |
| Diluted EPS | 0.01 | -0.02 | -0.37 | -0.21 | -0.07 | 0.22 |
| R&D Expense | 311.05K | 510.74K | 641.02K | 1.02M | 179.76K | - |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Total Assets | - | 10.36M | - | 12.14M | 19.62M | 13.97M | 13.06M |
| Current Assets | - | - | - | 8.54M | 5.49M | 9.42M | 8.42M |
| Cash & Equivalents | - | 3.06M | - | 7.18M | 1.01M | 1.97M | 1.99M |
| Inventory | - | - | - | - | - | - | - |
| Receivables | - | - | - | 551.06K | 2.62M | 1.03M | 707.87K |
| Total Liabilities | - | 10.96M | - | 7.33M | 11.96M | 10.50M | 5.78M |
| Current Liabilities | - | 3.67M | - | 3.65M | 6.51M | 7.42M | 5.33M |
| Long Term Debt | - | 3.02M | - | 1.12M | 1.77M | 498.71K | 448.38K |
| Total Debt | - | - | - | 4.55M | 4.89M | 1.05M | 756.18K |
| Total Equity | -1.63M | -958.01K | - | 4.81M | 5.17M | 4.65M | 8.78M |
| Shares Outstanding | - | - | - | 882.49K | 1.04M | 1.10M | 1.27M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | 745.75K | 766.30K | -4.81M | -4.33M | -4.77M | - |
| Investing Cash Flow | -401.15K | -179.03K | -12.20K | -1.78M | 6.35M | - |
| Financing Cash Flow | 2.06M | -257.35K | 8.92M | 136.19K | -318.65K | - |
| Capital Expenditure | -27.17K | -36.15K | -57.07K | -526.26K | -7.45K | - |
| Free Cash Flow | 718.58K | 730.15K | -4.87M | -4.86M | -4.78M | - |
| Share Buybacks | - | - | 3.50M | - | - | - |
| Dividends Paid | - | - | - | - | 834.57K | 3.30M |
Ratios (Annual)
Figures in %.
| Metric | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|
| Gross Margin % | 44.5% | 47.9% | 38.0% | 36.9% | 64.9% | 35.1% |
| Operating Margin % | 2.9% | 0.5% | -75.9% | -18.9% | -0.7% | -34.8% |
| Net Margin % | 1.7% | -3.1% | -75.7% | -19.2% | -6.5% | 64.6% |
| ROE % | -15.8% | - | -138.9% | -81.1% | -31.8% | 66.0% |
| ROCE % | 3.9% | - | -78.9% | -31.4% | -2.5% | -40.4% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | SBI Securities Co., Ltd. | - | 13 | $25 |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for HTCR
HTCR | Heartcore Enterprises, Inc. Common Executive Compensation - Quiver Quantitative
<a href="https://news.google.com/rss/articles/CBMib0FVX3lxTE04OUlselZtVGNGaklqQmxoaU9sREstV0NEQlN2TFgtbzE1a19WRzV0Qm5tbll6dkVURWVYM3FJSjR4Uk1FTzFRNW1YM0ZTTGE0UmFkYUwxdE1nVkNoRW1yWE5ERkxHX2xZUUMtZ1hNUQ?oc=5" target="_blank">HTCR | Heartcore …
HeartCore Says JV Transfer Will Focus Resources on Go IPO Consulting - Stock Titan
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HTCR - Finviz
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HeartCore Announces 1-for-20 Reverse Stock Split - finance.yahoo.com
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HeartCore Announces 1-for-20 Reverse Stock Split to regain Nasdaq compliance - tradingview.com
<a href="https://news.google.com/rss/articles/CBMi1AFBVV95cUxQOUpvNy12NWdzUGJ2LVQ0Rzd4LVl1b29Rbk5TaVlfamxHVnhOOHJJMWRUckEwaHlBUTVNZGZDUnVIb2xVbzdwOUJWcFE5MEpYZDNmbEZjemU1dlRLb1ZsdHlZZkp3R3VwR2h1ZHZsbFJqbjZfZmEyOUNWRzVEZ0Y0WGhoZVRjVEZOS1JCWm…
HeartCore Q2 Revenue Rises 72% to $321,000 as Net Loss Reaches $2.0 Million - Quiver Quantitative
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HTCR — Frequently Asked Questions
What is the current share price of HeartCore Enterprises, Inc. (HTCR)?
As of 2026-09-19 21:16 PDT, HeartCore Enterprises, Inc. (HTCR) trades at $1.96 on NasdaqCM. Its 52-week range is $1.96 to $21.96.
What is the market capitalisation of HTCR?
HeartCore Enterprises, Inc. (HTCR) has a market capitalisation of $2.97M on NasdaqCM.
What is the P/E ratio of HTCR?
HTCR trades at a trailing price-to-earnings (P/E) ratio of -0.57. The industry average P/E is 29.22. Its price-to-book (P/B) ratio is 0.64.
What is the return on equity (ROE) of HTCR?
HTCR has a return on equity (ROE) of -109.82%. Its return on capital employed (ROCE) is -40.37%.
Is HTCR a good stock to buy?
This page provides a data-driven analysis of HeartCore Enterprises, Inc. (HTCR), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.