| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 0.32 | 74.4% | 93.3% |
| Total Income | 0.32 | 74.4% | 93.3% |
| Expenditure | 1.15 | 58.8% | 75.2% |
| PBT | -1.53 | 21.9% | 244.3% |
| Net Profit | -2.02 | 8.0% | 283.6% |
| OPM | — | ||
| NPM | — | ||
| EPS | -1.45 | 2.7% | 3000.0% |
HeartCore Reports Q2 2026 Financial Results
13 Aug 2026 · 13 Aug, 6:02 pm
Summary
HeartCore Enterprises, Inc. announced its financial results for the second quarter ended June 30, 2026, reporting a significant 71.6% year-over-year increase in revenues to $321,000. This growth was primarily driven by software development services revenue from HeartCore Luvina, though partially offset by a decrease in Go IPO consulting services revenue. The company also reported a net loss of $2.0 million for the quarter, a shift from a net income of $1.1 million in the prior year, attributed to increased gross loss and other expenses. Management highlighted decisive steps taken in the first half of 2026 to simplify the operating structure and sharpen strategic focus through divestitures, aiming to concentrate resources on core Go IPO and financial services businesses.
Key Highlights
- 1
HeartCore reported revenues of $321,000 for the second quarter of 2026, an increase of 71.6% compared to the same period last year.
- 2
The company was engaged with 16 Go IPO clients as of June 30, 2026, with 6 clients in preparation for potential initial public offerings.
- 3
HeartCore completed the strategic divestiture of Sigmaways, Inc. to focus on Go IPO consulting, capital markets advisory, and financial services.
- 4
The company entered into an agreement to divest its 51% equity interest in HeartCore Luvina Vietnam Company Limited as part of portfolio optimization.
- 5
HeartCore regained compliance with the $1.00 minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2).
- 6
For the six months ended June 30, 2026, revenues increased by 25.9% to $554,000 compared to the same period last year.
- 7
Net loss for the second quarter of 2026 was $2.0 million, compared to a net income of $1.1 million in the same period last year.
Management Comments
Sumitaka Kanno
During the first half of 2026, we took decisive steps to simplify HeartCore’s operating structure and sharpen our strategic focus. The divestiture of Sigmaways and the pending disposition of our 51% equity interest in HeartCore Luvina Vietnam represent important components of our ongoing portfolio optimization and will allow us to further concentrate resources on our core Go IPO and planned launch of our financial services business. The Nasdaq listing environment remains selective and compliance-driven, reinforcing the importance of disciplined client selection and thorough preparation. Accordingly, we are prioritizing opportunities with clients that we believe demonstrate stronger fundamentals, organizational readiness, and a clear path toward satisfying U.S. regulatory and exchange-listing requirements. With a streamlined portfolio and a more focused pipeline, we believe HeartCore is better positioned to deepen client relationships and advance its capital markets and financial services initiatives.
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