---
title: "Heartcore Enterprises | 8-K: FY2026 Q1 Revenue: USD 1.246 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286566092.md"
datetime: "2026-05-15T12:32:36.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286566092.md)
  - [en](https://longbridge.com/en/news/286566092.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286566092.md)
---

# Heartcore Enterprises | 8-K: FY2026 Q1 Revenue: USD 1.246 M

Revenue: As of FY2026 Q1, the actual value is USD 1.246 M.

EPS: As of FY2026 Q1, the actual value is USD -1.49.

EBIT: As of FY2026 Q1, the actual value is USD -1.524 M.

#### Revenues

HeartCore Enterprises, Inc. reported revenues of $1.2 million for the first quarter ended March 31, 2026, a decrease from $2.1 million in the same period last year, primarily due to a decline in customized software development and services revenue from intense competition in the U.S. software market .

#### Gross Profit

Gross profit was $74,000 for the first quarter of 2026, a decrease from $0.5 million in the same period last year . This reduction was mainly attributed to lower gross profit from Go IPO consulting services due to increased outsourcing fees and additional resources, as well as decreased revenues and higher subcontracting costs for customized software development and services .

#### Operating Expenses

Operating expenses decreased to $1.6 million for the first quarter of 2026, down from $1.7 million in the same period last year, primarily due to a decrease in selling expenses .

#### Net Loss

HeartCore Enterprises, Inc. reported a net loss of -$2.0 million for the first quarter of 2026, an improvement compared to a net loss of -$3.1 million in the same period last year . This improvement was primarily due to a reduction in the loss on the fair value of investments in marketable securities .

#### Adjusted EBITDA

Adjusted EBITDA was a loss of -$1.6 million for the first quarter of 2026, compared to a loss of -$1.3 million in the same period last year .

#### Cash and Cash Equivalents

As of March 31, 2026, HeartCore Enterprises, Inc. had cash and cash equivalents of $0.8 million . As of December 31, 2025, cash and cash equivalents were $1,985,962 .

#### Cash Flows from Operating Activities

Net cash flows used in operating activities of continuing operations were -$1,153,590 for the three months ended March 31, 2026, compared to -$1,691,459 for the same period in 2025 .

#### Operational Metrics

As of March 31, 2026, HeartCore Enterprises, Inc. was engaged with 16 Go IPO clients, with 6 clients in various stages of preparation for potential public registrations and U.S. exchange listings . The company also regained the Nasdaq $1.00 minimum bid price requirement and authorized a $2.0 million share repurchase program .

#### Outlook / Guidance

HeartCore Enterprises, Inc. expects Go IPO services to remain a key contributor for coming quarters and is focusing on expanding engagements with clients demonstrating stronger listing readiness and long-term financing potential . The company is also taking steps to support potential expansion into additional financial services and preparing to seek a Type I Financial Instruments business license in Japan . Management aims to broaden its Go IPO client base aligned with tightened Nasdaq requirements and diversify its revenue base by advancing its financial services business .

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