HeartCore Reports $5.5M Net Income and $2M Share Repurchase Plan
HeartCore Enterprises reported full-year 2025 revenues of $9.0 million, down from $22.7 million year-over-year, and net income of $5.5 million compared to a $5.2 million net loss in the prior period. The company authorized a $2.0 million share repurchase, approved a one-time distribution payment and divested its HeartCore Japan software unit while engaging 16 Go IPO clients.
1. Full-Year 2025 Financial Results
HeartCore recorded 2025 revenues of $9.0 million and gross profit of $3.2 million, down from $22.7 million and $14.7 million respectively in 2024. Operating expenses fell to $6.3 million, leading to net income of $5.5 million versus a $5.2 million loss a year earlier, adjusted EBITDA of $6.5 million compared to $7.3 million, and year-end cash of $2.0 million.
2. Strategic Corporate Actions
The board authorized a $2.0 million share repurchase plan and a one-time distribution payment, and completed the divestiture of its HeartCore Japan software subsidiary. On October 31, 2025, the company established Higgs Field Co., Ltd. to support its shift toward financial services and capital markets advisory.
3. Go IPO Client Engagements
As of March 31, 2026, HeartCore is advising 16 Go IPO clients, with six companies in active preparations for potential U.S. exchange listings. This expanding pipeline underpins the firm’s focus on IPO consulting services to Japanese corporate clients seeking U.S. market entry.