HeartCore Enterprises reports Q3 revenue of $3.0 million and net income of $0.4 million
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HeartCore Enterprises Inc. reported Q3 2025 revenue of $7.1 million, down from $21.3 million last year, due to the absence of a $13 million warrant revenue. Gross profit fell to $2.6 million from $15.1 million. Operating expenses decreased to $4.5 million from $5.5 million. The company reported a net loss of $1.7 million, compared to net income of $7.1 million last year. Adjusted EBITDA was negative $0.6 million. HeartCore divested its software business subsidiary, authorized a one-time distribution payment, and signed its 16th Go IPO contract. Cash and cash equivalents were $2.5 million as of November 18, 2025.
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