Harrow (HROW) Financials

$38.04 -0.19 (-0.50%)

Closing price 05/11/2026 04:00 PM Eastern

Extended Trading

$33.94 -4.10 (-10.78%)

As of 09:24 AM Eastern

Annual Income Statements for Harrow

This table shows Harrow's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-16	-19	-12	15	0.17	-3.36	-18	-14	-24	-17	-5.14
Consolidated Net Income / (Loss)	-16	-19	-12	15	-0.13	-3.42	-18	-14	-24	-17	-5.14
Net Income / (Loss) Continuing Operations	-16	-19	-12	15	-0.13	-3.42	-18	-14	-24	-17	-5.14
Total Pre-Tax Income	-16	-19	-13	15	-0.12	-3.42	-18	-14	-24	-17	-1.37
Total Operating Income	-15	-16	-12	-5.22	-4.80	0.39	1.61	1.92	0.43	8.82	31
Total Gross Profit	4.51	10	13	25	34	34	54	63	91	150	204
Total Revenue	9.72	20	27	41	51	49	72	89	130	200	272
Operating Revenue	9.72	20	27	41	51	49	72	89	130	200	272
Total Cost of Revenue	5.21	9.83	14	17	17	14	18	25	40	49	68
Operating Cost of Revenue	5.21	9.83	14	17	17	14	18	25	40	49	68
Total Operating Expenses	19	26	25	30	39	34	53	61	90	142	174
Selling, General & Admin Expense	13	18	25	29	33	31	41	58	83	129	153
Research & Development Expense	0.33	0.74	0.41	0.83	2.08	2.41	11	3.05	6.65	12	21
Impairment Charge	0.00	0.30	-	0.00	4.04	0.36	0.25	0.00	0.38	0.25	0.00
Total Other Income / (Expense), net	-1.08	-3.32	-0.76	20	4.68	-3.80	-19	-16	-24	-26	-32
Interest Expense	1.11	4.74	3.03	2.73	2.50	2.24	6.19	7.24	27	23	32
Interest & Investment Income	-	0.00	3.51	23	6.55	3.26	-10	-2.91	3.09	-3.17	0.00
Other Income / (Expense), net	0.03	1.42	-1.24	-0.29	0.63	-4.82	-3.17	-5.77	-0.44	-0.19	0.05
Income Tax Expense	0.00	-0.11	-0.94	0.00	0.01	0.00	0.13	0.08	0.70	0.16	3.77
Basic Earnings per Share	($1.66)	($1.50)	($0.60)	$0.67	$0.01	($0.13)	($0.69)	($0.51)	($0.75)	($0.49)	($0.14)
Weighted Average Basic Shares Outstanding	9.58M	12.74M	20.03M	21.92M	25.32M	25.90M	26.76M	27.46M	32.62M	35.65M	36.76M
Diluted Earnings per Share	($1.66)	($1.50)	($0.60)	$0.61	$0.01	($0.13)	-	($0.51)	($0.75)	($0.49)	($0.14)
Weighted Average Diluted Shares Outstanding	9.58M	12.74M	20.03M	23.81M	26.47M	25.90M	26.76M	27.46M	32.62M	35.65M	36.76M
Weighted Average Basic & Diluted Shares Outstanding	9.58M	12.74M	20.03M	24.69M	25.53M	25.90M	26.76M	29.97M	35.36M	35.65M	37.23M

This table shows Harrow's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	-4.39	-9.15	-14	-6.47	-4.22	6.78	-18	5.00	1.02	6.63	-28
Consolidated Net Income / (Loss)	-4.39	-9.15	-14	-6.47	-4.22	6.78	-18	5.00	1.02	6.63	-28
Net Income / (Loss) Continuing Operations	-4.39	-9.15	-14	-6.47	-4.22	6.78	-18	5.00	1.02	6.63	-28
Total Pre-Tax Income	-2.85	-9.68	-14	-5.82	-4.20	6.26	-18	5.00	1.02	10	-28
Total Operating Income	1.74	-4.88	-6.93	1.53	1.32	13	-11	11	15	16	-22
Total Gross Profit	24	25	24	36	37	53	32	48	54	71	27
Total Revenue	34	36	35	49	49	67	48	64	72	89	44
Operating Revenue	34	36	35	49	49	67	48	64	72	89	44
Total Cost of Revenue	10	11	11	13	12	14	16	16	18	18	17
Operating Cost of Revenue	10	11	11	13	12	14	16	16	18	18	17
Total Operating Expenses	22	30	31	35	36	40	44	36	39	55	49
Selling, General & Admin Expense	21	26	29	32	34	35	41	33	36	43	43
Research & Development Expense	1.42	3.34	2.15	3.05	2.27	4.76	3.03	2.87	3.32	12	5.90
Total Other Income / (Expense), net	-4.60	-4.81	-6.64	-7.35	-5.52	-6.64	-6.55	-6.41	-14	-5.19	-5.50
Interest Expense	5.75	5.12	5.42	5.47	5.53	6.38	6.55	6.41	14	5.19	5.50
Income Tax Expense	1.54	-0.54	-	0.66	0.02	-0.51	0.00	0.00	0.00	-	0.03
Basic Earnings per Share	($0.13)	($0.26)	($0.38)	($0.18)	($0.12)	$0.19	($0.50)	$0.14	$0.03	$0.19	($0.74)
Weighted Average Basic Shares Outstanding	34.26M	32.62M	35.47M	35.62M	35.70M	35.65M	35.83M	36.79M	37.15M	36.76M	37.23M
Diluted Earnings per Share	($0.13)	($0.26)	($0.38)	($0.18)	($0.12)	$0.19	($0.50)	$0.13	$0.03	$0.20	($0.74)
Weighted Average Diluted Shares Outstanding	34.26M	32.62M	35.47M	35.62M	35.70M	35.65M	35.83M	38.85M	38.88M	36.76M	37.23M
Weighted Average Basic & Diluted Shares Outstanding	35.12M	35.36M	35.38K	35.48M	35.61M	35.65M	36.70M	37.00M	37.04M	37.23M	37.28M

This table details how cash moves in and out of Harrow's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-5.53	6.17	-6.60	2.62	-1.89	-0.65	38	54	-22	-27	26
Net Cash From Operating Activities	-11	-11	-8.80	0.69	0.95	-1.10	5.08	1.71	3.84	-22	44
Net Cash From Continuing Operating Activities	-11	-11	-11	0.69	0.95	-1.10	5.08	1.71	3.84	-22	44
Net Income / (Loss) Continuing Operations	-16	-19	-12	15	-0.13	-3.42	-18	-14	-24	-17	-5.14
Consolidated Net Income / (Loss)	-16	-19	-12	15	-0.13	-3.42	-18	-14	-24	-17	-5.14
Depreciation Expense	0.26	1.06	1.40	1.61	1.94	1.88	1.72	1.48	1.53	1.85	1.92
Amortization Expense	0.64	1.32	1.34	0.85	1.24	1.32	1.36	2.97	14	16	21
Non-Cash Adjustments To Reconcile Net Income	3.54	6.18	-0.26	-20	-0.38	5.39	20	17	20	22	26
Changes in Operating Assets and Liabilities, net	0.33	-0.68	0.70	3.44	-1.72	-6.27	-0.25	-5.57	-7.14	-45	0.19
Net Cash From Investing Activities	-5.13	-7.29	-0.96	-2.20	-1.83	-0.98	-19	-1.74	-153	-33	-5.46
Net Cash From Continuing Investing Activities	-2.09	-7.29	-0.96	-2.20	-1.83	-0.98	-19	-1.74	-153	-33	-5.46
Purchase of Property, Plant & Equipment	-1.52	-6.89	-0.77	-1.77	-1.47	-0.86	-1.79	-2.60	-1.46	-1.60	-0.89
Acquisitions	-3.61	-0.35	-0.25	-0.44	-0.37	-0.13	-0.08	-0.18	-0.02	-0.08	-4.36
Sale and/or Maturity of Investments	-	-	-	-	-	0.00	9.83	-	0.00	5.51	0.00
Other Investing Activities, net	-	0.00	-0.05	0.00	-	0.00	-27	1.00	-151	-37	-0.22
Net Cash From Financing Activities	11	25	4.93	4.13	-1.01	1.43	51	54	127	29	-13
Net Cash From Continuing Financing Activities	11	25	4.93	4.13	-1.01	1.43	51	54	127	29	-13
Repayment of Debt	-0.16	-0.46	-15	-0.74	-1.49	-1.51	-16	-0.02	-60	0.00	-233
Issuance of Debt	9.27	4.71	16	-	0.00	2.97	71	32	61	30	244
Issuance of Common Equity	0.40	21	4.06	0.64	-	-	0.00	23	138	0.00	0.00
Other Financing Activities, net	1.24	-0.09	0.18	4.23	0.49	-0.03	-3.16	-0.23	-13	-1.25	-25
Cash Interest Paid	0.64	1.37	1.54	2.10	1.97	1.79	4.82	6.48	19	21	19
Cash Income Taxes Paid	0.00	0.01	0.01	0.00	0.02	0.00	0.01	0.08	0.00	0.37	0.09

This table details how cash moves in and out of Harrow's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	43	8.48	-5.55	2.43	1.63	-25	19	-14	21	-1.36	22
Net Cash From Operating Activities	-1.21	8.70	-4.63	-2.75	2.95	-18	20	-0.80	17	8.41	-8.99
Net Cash From Continuing Operating Activities	-1.21	8.70	-4.63	-2.75	2.95	-18	20	-0.80	17	8.41	-8.99
Net Income / (Loss) Continuing Operations	-4.39	-9.15	-14	-6.47	-4.22	6.78	-18	5.00	1.02	6.63	-28
Consolidated Net Income / (Loss)	-4.39	-9.15	-14	-6.47	-4.22	6.78	-18	5.00	1.02	6.63	-28
Depreciation Expense	0.41	0.44	0.43	0.45	0.50	0.47	0.47	0.50	0.49	0.46	0.46
Amortization Expense	3.71	4.16	3.72	3.72	3.88	5.56	5.50	5.70	4.95	4.67	5.58
Non-Cash Adjustments To Reconcile Net Income	3.19	4.55	5.33	6.18	4.46	5.19	4.89	1.10	12	8.28	3.83
Changes in Operating Assets and Liabilities, net	-4.12	8.70	-0.55	-6.63	-1.67	-36	27	-13	-1.69	-12	8.74
Net Cash From Investing Activities	-20	-0.20	-0.11	5.10	-0.60	-38	-0.21	-0.29	-0.23	-4.73	-18
Net Cash From Continuing Investing Activities	-20	-0.20	-0.11	5.10	-0.60	-38	-0.21	-0.29	-0.23	-4.73	-18
Purchase of Property, Plant & Equipment	-0.52	-0.19	-0.09	-0.34	-0.60	-0.56	-0.17	-0.17	-0.21	-0.34	-0.19
Acquisitions	-	-0.02	-0.02	-0.06	0.01	-0.01	-0.04	-0.13	0.15	-4.34	-0.01
Other Investing Activities, net	-20	0.01	-	-	-	-37	0.00	-	-	-0.05	-18
Net Cash From Financing Activities	64	-0.02	-0.81	0.07	-0.72	30	0.02	-13	4.96	-5.04	49
Net Cash From Continuing Financing Activities	64	-0.02	-0.81	0.07	-0.72	30	0.02	-13	4.96	-5.04	49
Repayment of Debt	-	-	-	-0.10	-	0.10	0.00	-	-232	-0.05	-0.11
Issuance of Debt	-62	74	-	-	-	30	0.00	-	-	-	49
Other Financing Activities, net	61	-74	-0.81	0.17	-0.72	0.11	0.02	-13	-6.93	-5.00	0.03
Cash Interest Paid	4.20	6.61	5.34	4.98	5.24	5.04	6.39	5.79	6.54	-	11
Cash Income Taxes Paid	-0.00	-	0.00	-	-	0.37	0.04	-	-	0.06	0.00

This table presents Harrow's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	14	27	24	49	59	57	98	157	312	389	399
Total Current Assets	5.87	15	8.81	33	36	41	61	118	139	190	212
Cash & Equivalents	2.69	8.85	-	-	-	-	42	96	74	47	73
Accounts Receivable	0.84	2.92	1.53	1.91	2.01	2.66	4.47	6.25	36	116	111
Inventories, net	1.41	1.84	2.25	1.83	3.30	3.96	4.22	6.54	11	11	14
Prepaid Expenses	0.79	0.94	0.71	0.84	0.59	1.60	1.31	3.61	9.59	15	14
Plant, Property, & Equipment, net	2.66	7.30	6.22	6.38	5.38	3.87	3.14	3.49	3.52	3.73	3.26
Total Noncurrent Assets	5.60	5.20	8.90	10	18	13	35	36	169	196	184
Goodwill	2.47	2.23	2.23	2.23	0.33	0.33	0.33	0.33	0.33	0.33	0.33
Intangible Assets	3.14	2.97	2.86	3.06	2.34	2.52	17	26	162	187	175
Other Noncurrent Operating Assets	-	0.00	3.51	4.95	15	9.77	5.94	9.46	6.79	8.55	8.97
Total Liabilities & Shareholders' Equity	14	27	24	49	59	57	98	157	312	389	399
Total Liabilities	16	21	21	25	32	31	87	130	242	320	347
Total Current Liabilities	5.37	9.91	5.77	12	12	11	9.72	19	49	91	96
Short-Term Debt	0.50	4.43	0.60	2.53	1.77	3.90	0.28	0.72	-	0.50	0.89
Accounts Payable	3.41	3.54	3.89	6.25	7.70	3.93	6.34	14	25	41	42
Accrued Expenses	0.20	0.21	0.05	-	-	-	-	0.00	18	40	42
Current Deferred Revenue	-	-	0.03	0.12	0.06	0.07	0.02	0.11	0.08	0.04	0.79
Current Employee Benefit Liabilities	1.20	1.64	1.21	2.28	2.12	2.32	3.09	4.03	5.45	9.50	10
Total Noncurrent Liabilities	10	11	16	13	19	20	78	112	192	228	251
Long-Term Debt	8.34	7.94	14	12	12	12	72	104	186	220	243
Capital Lease Obligations	0.00	1.32	0.72	-	0.03	0.02	0.01	7.33	-	-	7.91
Commitments & Contingencies	-	-	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-1.39	6.43	2.62	25	27	27	11	27	70	69	52
Total Preferred & Common Equity	-1.39	6.43	2.62	25	28	27	11	28	71	70	52
Total Common Equity	-1.39	6.43	2.62	25	28	27	11	28	71	70	52
Common Stock	56	83	91	99	102	105	107	137	205	221	209
Retained Earnings	-58	-77	-89	-74	-74	-77	-95	-109	-134	-151	-157
Noncontrolling Interest	-	-	-	0.00	-0.29	-0.36	-0.36	-0.36	-0.36	-0.36	-0.36

This table presents Harrow's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	99	217	224	286	296	307	352	364	345	363	420
Total Current Assets	64	52	60	110	125	139	147	170	155	178	226
Cash & Equivalents	45	19	23	66	69	71	73	67	53	74	95
Accounts Receivable	6.74	12	18	18	29	52	54	77	79	78	101
Inventories, net	5.28	9.09	8.56	8.92	11	9.43	10	11	12	13	16
Prepaid Expenses	2.93	3.60	3.81	9.01	9.72	7.01	11	15	12	13	14
Plant, Property, & Equipment, net	3.29	3.59	3.63	3.63	3.39	3.29	3.63	3.57	3.51	3.38	3.13
Total Noncurrent Assets	32	162	160	172	167	164	201	191	187	182	190
Goodwill	0.33	0.33	0.33	0.33	0.33	0.33	0.33	0.33	0.33	0.33	0.33
Intangible Assets	22	154	152	165	159	157	191	182	178	174	181
Other Noncurrent Operating Assets	7.69	7.34	7.16	6.97	6.97	6.77	9.38	8.34	8.16	7.97	8.64
Total Liabilities & Shareholders' Equity	99	217	224	286	296	307	352	364	345	363	420
Total Liabilities	98	196	202	211	235	248	294	308	296	316	391
Total Current Liabilities	18	18	23	19	42	54	95	187	249	65	91
Accounts Payable	14	14	18	13	15	22	25	39	25	20	30
Accrued Expenses	-	-	-	-	21	25	25	31	32	35	51
Current Deferred Revenue	0.12	0.07	0.13	0.15	0.11	0.25	0.14	0.15	0.09	0.35	0.15
Current Employee Benefit Liabilities	3.44	3.10	4.29	5.32	5.03	5.72	7.19	7.61	6.82	9.52	9.23
Other Current Liabilities	0.00	-	-	-	-	-	-	0.61	0.78	-	0.92
Total Noncurrent Liabilities	80	178	179	192	194	195	199	121	47	251	300
Long-Term Debt	72	169	170	182	184	185	186	113	38	243	292
Other Noncurrent Operating Liabilities	-	2.28	2.28	2.71	2.71	2.71	2.71	8.58	8.37	8.14	7.67
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	0.86	22	22	75	60	58	58	56	49	47	28
Total Preferred & Common Equity	1.22	22	22	76	61	59	58	56	50	47	29
Total Common Equity	1.22	22	22	76	61	59	58	56	50	47	29
Common Stock	112	138	143	201	208	212	216	226	214	210	213
Retained Earnings	-111	-116	-120	-125	-147	-154	-158	-169	-164	-163	-184
Noncontrolling Interest	-0.36	-0.36	-0.36	-0.36	-0.36	-0.36	-0.36	-0.36	-0.36	-0.36	-0.36

This table displays calculated financial ratios and metrics derived from Harrow's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	37,037,453.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	37,037,453.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-0.14
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Net Operating Profit after Tax (NOPAT)	-10	-11	-8.51	-5.22	-3.36	0.27	1.13	1.34	0.30	6.18	21
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	0.12%	2.13%	7.21%
Earnings before Interest and Taxes (EBIT)	-15	-14	-13	-5.51	-4.17	-4.43	-1.56	-3.85	-0.01	8.64	31
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-14	-12	-11	-3.05	-0.99	-1.23	1.52	0.59	16	27	54
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-15	-18	-15	-5.14	-1.73	1.84	-5.28	-15	-136	-62	40
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	4.62	11	18	18	16	15	21	38	174	242	223
Increase / (Decrease) in Invested Capital	4.76	6.44	6.88	-0.08	-1.62	-1.57	6.41	17	136	69	-19
Book Value per Share	($0.14)	$0.49	$0.13	$1.06	$1.10	$1.06	$0.42	$1.01	$2.02	$1.96	$1.42
Tangible Book Value per Share	($0.72)	$0.09	($0.12)	$0.84	$0.99	$0.94	($0.23)	$0.05	($2.61)	($3.30)	($3.35)
Total Capital	7.46	20	18	39	41	43	83	139	256	289	296
Total Debt	8.84	14	15	15	14	16	72	112	186	220	244
Total Long-Term Debt	8.34	9.26	15	12	12	12	72	112	186	220	243
Net Debt	6.01	4.63	15	-6.89	-11	-12	10	10	103	173	171
Capital Expenditures (CapEx)	1.52	6.89	0.66	1.77	1.46	0.85	1.79	2.57	1.46	1.60	0.89
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-1.83	0.23	3.63	2.05	0.33	5.63	0.55	-1.51	7.37	52	43
Debt-free Net Working Capital (DFNWC)	1.00	9.28	3.63	23	26	34	51	100	90	99	116
Net Working Capital (NWC)	0.50	4.85	3.03	21	24	30	51	100	90	98	115
Net Nonoperating Expense (NNE)	5.52	7.97	3.47	-20	-3.23	3.69	19	15	25	24	26
Net Nonoperating Obligations (NNO)	6.01	4.63	15	-6.89	-11	-12	10	10	103	173	171
Total Depreciation and Amortization (D&A)	0.89	2.38	2.74	2.46	3.18	3.20	3.07	4.45	16	19	23
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($1.66)	($1.50)	$0.60	$0.67	$0.01	($0.13)	($0.69)	($0.51)	($0.75)	($0.49)	($0.14)
Adjusted Weighted Average Basic Shares Outstanding	13.11M	18.63M	20.78M	21.92M	25.32M	25.90M	27.03M	27.46M	32.62M	35.65M	36.76M
Adjusted Diluted Earnings per Share	($1.66)	($1.50)	$0.60	$0.61	$0.01	($0.13)	($0.69)	$0.00	($0.75)	($0.49)	($0.14)
Adjusted Weighted Average Diluted Shares Outstanding	13.11M	18.63M	20.78M	23.81M	26.47M	25.90M	27.03M	29.97M	32.62M	35.65M	36.76M
Adjusted Basic & Diluted Earnings per Share	($1.66)	($1.50)	$0.60	$0.00	$0.00	$0.00	($0.69)	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	9.58M	12.74M	20.03M	24.69M	25.53M	25.98M	26.76M	29.97M	35.36M	35.65M	37.23M
Normalized Net Operating Profit after Tax (NOPAT)	-10	-11	-8.51	-3.65	-0.53	0.52	1.30	1.34	0.57	6.35	21
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-

This table displays calculated financial ratios and metrics derived from Harrow's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	37,037,453.00	37,229,705.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	37,037,453.00	37,229,705.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	0.18	-0.74
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	50.13%	78.83%	32.50%	46.22%	43.75%	83.83%	38.29%	30.25%	45.44%	-	-7.59%
EBITDA Growth	319.31%	-114.33%	-158.73%	-10.93%	0.67%	5,065.16%	-83.87%	205.96%	299.51%	-	-204.69%
EBIT Growth	143.05%	-434.79%	-657.06%	-27.51%	-14.46%	354.03%	-62.74%	623.54%	1,017.58%	-	-96.58%
NOPAT Growth	1,955.32%	-91.93%	-672.56%	-34.95%	-24.25%	509.01%	-62.12%	965.27%	1,494.79%	-	-96.58%
Net Income Growth	32.07%	-967.11%	-104.20%	-53.06%	3.89%	174.08%	-31.07%	177.17%	124.17%	-	-55.24%
EPS Growth	45.83%	0.00%	-72.73%	-28.57%	7.69%	173.08%	-31.58%	172.22%	125.00%	-	-48.00%
Operating Cash Flow Growth	-194.63%	334.27%	43.66%	-160.14%	344.29%	-304.45%	524.98%	70.76%	462.11%	-	-145.72%
Free Cash Flow Firm Growth	-1,450.41%	-660.71%	94.51%	93.79%	83.79%	60.81%	-350.17%	-216.86%	164.52%	-	26.30%
Invested Capital Growth	535.20%	361.39%	2.63%	5.74%	14.04%	39.51%	19.49%	21.66%	-0.91%	-	7.43%
Revenue Q/Q Growth	2.38%	6.10%	-4.86%	41.50%	0.65%	35.68%	-28.43%	33.27%	12.39%	-	-50.39%
EBITDA Q/Q Growth	-12.23%	-106.63%	-630.32%	309.43%	-0.80%	227.24%	-127.04%	448.50%	15.09%	-	-177.44%
EBIT Q/Q Growth	-28.75%	-421.18%	-38.73%	122.83%	-15.93%	853.81%	-188.87%	201.52%	29.86%	-	-241.69%
NOPAT Q/Q Growth	-25.85%	-379.53%	-42.11%	122.08%	-13.66%	1,409.42%	-156.33%	245.11%	29.26%	-	-199.13%
Net Income Q/Q Growth	-3.83%	-108.34%	-48.28%	52.28%	34.81%	260.59%	-362.36%	128.09%	-79.58%	-	-516.57%
EPS Q/Q Growth	7.14%	-100.00%	-46.15%	52.63%	33.33%	258.33%	-363.16%	126.00%	-76.92%	-	-470.00%
Operating Cash Flow Q/Q Growth	-126.46%	819.87%	-153.22%	40.67%	207.47%	-702.47%	210.62%	-104.08%	2,165.75%	-	-206.91%
Free Cash Flow Firm Q/Q Growth	-14.54%	12.87%	93.28%	7.35%	-198.86%	-110.59%	22.80%	34.79%	160.85%	-	-217.07%
Invested Capital Q/Q Growth	12.63%	-9.26%	1.36%	2.07%	21.47%	11.01%	-13.18%	3.93%	-1.07%	-	-2.31%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	70.62%	68.91%	69.49%	74.38%	75.60%	78.85%	67.54%	74.54%	75.28%	-	61.18%
EBITDA Margin	16.54%	-1.03%	-7.94%	11.75%	11.58%	27.93%	-10.56%	27.61%	28.27%	-	-36.30%
Operating Margin	5.09%	-13.41%	-20.03%	3.13%	2.68%	19.30%	-23.48%	17.90%	20.59%	-	-49.95%
EBIT Margin	4.52%	-13.68%	-19.96%	3.22%	2.69%	18.91%	-23.48%	17.89%	20.67%	-	-49.95%
Profit (Net Income) Margin	-12.81%	-25.16%	-39.22%	-13.23%	-8.57%	10.14%	-37.17%	7.84%	1.42%	-	-62.44%
Tax Burden Percent	153.96%	94.47%	100.00%	111.26%	100.48%	108.21%	100.00%	100.00%	100.00%	-	100.09%
Interest Burden Percent	-184.12%	194.63%	196.54%	-369.16%	-316.98%	49.56%	158.30%	43.80%	6.89%	-	124.90%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	-8.21%	0.00%	0.00%	0.00%	-	0.00%
Return on Invested Capital (ROIC)	3.68%	-11.58%	-11.20%	1.93%	1.55%	20.06%	-18.13%	20.48%	23.71%	-	-43.10%
ROIC Less NNEP Spread (ROIC-NNEP)	-4.06%	-21.68%	-17.76%	-3.68%	-2.17%	14.86%	-25.48%	16.06%	15.39%	-	-50.01%
Return on Net Nonoperating Assets (RNNOA)	-7.73%	-25.20%	-57.71%	-12.33%	-4.51%	29.34%	-59.10%	43.41%	48.68%	-	-208.16%
Return on Equity (ROE)	-4.05%	-36.78%	-68.91%	-10.40%	-2.96%	49.40%	-77.22%	63.89%	72.39%	-	-251.26%
Cash Return on Invested Capital (CROIC)	-143.36%	-128.46%	-5.71%	-9.00%	-16.18%	-30.02%	-16.12%	-14.48%	9.88%	-	-0.85%
Operating Return on Assets (OROA)	2.68%	-7.59%	-10.79%	1.87%	1.43%	10.77%	-15.15%	12.50%	14.47%	-	-34.25%
Return on Assets (ROA)	-7.60%	-13.95%	-21.20%	-7.68%	-4.55%	5.77%	-23.99%	5.48%	1.00%	-	-42.81%
Return on Common Equity (ROCE)	-4.09%	-37.04%	-69.50%	-10.49%	-2.98%	49.65%	-77.70%	64.31%	72.88%	-	-253.37%
Return on Equity Simple (ROE_SIMPLE)	-18.75%	0.00%	-51.74%	-57.37%	-57.62%	0.00%	-38.43%	0.00%	0.00%	-	0.00%
Net Operating Profit after Tax (NOPAT)	1.22	-3.41	-4.85	1.07	0.92	14	-7.86	11	15	16	-15
NOPAT Margin	3.56%	-9.39%	-14.02%	2.19%	1.88%	20.88%	-16.44%	17.90%	20.59%	-	-34.97%
Net Nonoperating Expense Percent (NNEP)	7.74%	10.11%	6.56%	5.61%	3.72%	5.21%	7.35%	4.42%	8.32%	-	6.91%
Return On Investment Capital (ROIC_SIMPLE)	-	-1.33%	-1.93%	-	-	4.82%	-2.84%	4.20%	5.08%	5.26%	-4.82%
Cost of Revenue to Revenue	29.38%	31.09%	30.51%	25.62%	24.40%	21.15%	32.46%	25.46%	24.72%	-	38.82%
SG&A Expenses to Revenue	61.38%	72.10%	83.31%	65.01%	68.31%	52.06%	84.70%	52.14%	50.05%	-	97.80%
R&D to Revenue	4.15%	9.18%	6.21%	6.24%	4.61%	7.12%	6.33%	4.50%	4.64%	-	13.34%
Operating Expenses to Revenue	65.53%	82.32%	89.52%	71.25%	72.92%	59.55%	91.03%	56.64%	54.69%	-	111.14%
Earnings before Interest and Taxes (EBIT)	1.55	-4.98	-6.90	1.58	1.33	13	-11	11	15	16	-22
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	5.67	-0.38	-2.75	5.75	5.71	19	-5.05	18	20	21	-16
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	6.66	5.56	7.73	0.01	27.52	17.15	16.80	22.57	37.92	-	45.73
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Price to Revenue (P/Rev)	4.42	3.02	3.37	0.00	9.43	5.99	4.46	4.92	7.13	-	4.89
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Enterprise Value to Invested Capital (EV/IC)	3.24	2.86	3.32	0.68	8.05	5.65	5.24	5.90	9.03	-	6.69
Enterprise Value to Revenue (EV/Rev)	5.43	3.81	4.21	0.79	10.38	6.85	5.18	5.66	7.81	-	5.62
Enterprise Value to EBITDA (EV/EBITDA)	31.93	30.20	64.78	14.68	210.63	49.94	43.95	34.93	37.46	-	35.37
Enterprise Value to EBIT (EV/EBIT)	96.17	0.00	0.00	0.00	0.00	158.31	255.89	91.24	70.68	-	76.77
Enterprise Value to NOPAT (EV/NOPAT)	251.09	1,644.29	0.00	0.00	0.00	221.41	348.49	127.96	100.22	-	109.67
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	129.19	78.53	1,067.97	410.82	0.00	526.33	319.44	110.44	-	99.30
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	90.97	-	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.52	2.64	3.18	3.31	4.04	3.18	3.94	4.51	5.22	-	10.30
Long-Term Debt to Equity	2.51	2.64	3.17	3.29	3.39	3.17	2.01	0.78	5.21	-	10.30
Financial Leverage	1.90	1.16	3.25	3.35	2.08	1.97	2.32	2.70	3.16	-	4.16
Leverage Ratio	5.05	4.81	6.28	6.61	4.79	5.02	5.67	6.06	6.85	-	9.28
Compound Leverage Factor	-9.30	9.36	12.34	-24.42	-15.19	2.49	8.98	2.66	0.47	-	11.59
Debt to Total Capital	71.56%	72.53%	76.10%	76.78%	80.18%	76.05%	79.74%	81.84%	83.93%	-	91.15%
Short-Term Debt to Total Capital	0.30%	0.00%	0.32%	0.31%	12.90%	0.17%	39.11%	67.66%	0.30%	-	0.00%
Long-Term Debt to Total Capital	71.26%	72.53%	75.78%	76.47%	67.27%	75.88%	40.63%	14.18%	83.64%	-	91.15%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Noncontrolling Interests to Total Capital	-0.13%	-0.14%	-0.14%	-0.14%	-0.12%	-0.12%	-0.13%	-0.13%	-0.12%	-	-0.11%
Common Equity to Total Capital	28.58%	27.61%	24.05%	23.37%	19.94%	24.07%	20.39%	18.30%	16.19%	-	8.96%
Debt to EBITDA	9.77	11.32	21.29	23.18	27.97	8.04	8.81	6.02	4.68	-	6.84
Net Debt to EBITDA	5.96	6.28	12.85	14.63	19.25	6.31	6.14	4.58	3.25	-	4.62
Long-Term Debt to EBITDA	9.73	11.32	21.20	23.09	23.47	8.02	4.49	1.04	4.66	-	6.84
Debt to NOPAT	76.82	616.13	-35.53	-32.22	-37.19	35.63	69.82	22.04	12.51	-	21.22
Net Debt to NOPAT	46.90	341.79	-21.44	-20.33	-25.61	27.98	48.72	16.78	8.70	-	14.34
Long-Term Debt to NOPAT	76.50	616.13	-35.38	-32.09	-31.21	35.55	35.57	3.82	12.47	-	21.22
Altman Z-Score	1.63	1.09	1.23	0.15	3.30	2.62	1.62	2.05	3.95	-	2.25
Noncontrolling Interest Sharing Ratio	-0.93%	-0.73%	-0.87%	-0.89%	-0.53%	-0.51%	-0.61%	-0.66%	-0.68%	-	-0.84%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	5.80	2.83	3.00	2.60	1.55	2.08	0.91	0.62	2.72	-	2.48
Quick Ratio	4.85	2.41	2.51	2.30	1.33	1.79	0.77	0.53	2.32	-	2.14
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-160	-139	-9.36	-8.68	-26	-55	-42	-27	17	34	-31
Operating Cash Flow to CapEx	-232.31%	4,482.47%	-5,030.43%	-798.26%	488.58%	-3,203.42%	11,569.41%	-483.73%	7,899.05%	-	-4,635.05%
Free Cash Flow to Firm to Interest Expense	-27.81	-27.19	-1.73	-1.59	-4.69	-8.56	-6.44	-4.29	1.21	-	-5.65
Operating Cash Flow to Interest Expense	-0.21	1.70	-0.85	-0.50	0.53	-2.79	3.00	-0.13	1.20	-	-1.64
Operating Cash Flow Less CapEx to Interest Expense	-0.30	1.66	-0.87	-0.56	0.42	-2.88	2.98	-0.15	1.19	-	-1.67
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.59	0.55	0.54	0.58	0.53	0.57	0.65	0.70	0.70	-	0.69
Accounts Receivable Turnover	9.06	6.13	6.75	4.39	4.69	2.62	4.02	3.48	3.81	-	3.01
Inventory Turnover	4.86	4.55	4.21	4.95	4.87	4.57	5.04	5.52	5.53	-	5.11
Fixed Asset Turnover	33.00	37.16	39.76	44.54	46.63	55.03	61.19	66.96	71.39	-	80.23
Accounts Payable Turnover	2.57	2.07	2.90	2.22	2.44	1.49	2.00	2.43	2.80	-	2.01
Days Sales Outstanding (DSO)	40.30	59.59	54.05	83.17	77.91	139.55	90.90	104.86	95.86	-	121.13
Days Inventory Outstanding (DIO)	75.15	80.15	86.64	73.80	75.03	79.93	72.46	66.11	65.97	-	71.39
Days Payable Outstanding (DPO)	142.20	176.57	125.91	164.54	149.62	244.55	182.74	150.26	130.39	-	181.47
Cash Conversion Cycle (CCC)	-26.75	-36.84	14.78	-7.57	3.32	-25.06	-19.38	20.71	31.44	-	11.04
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	191	174	176	180	218	242	210	218	216	223	226
Invested Capital Turnover	1.03	1.23	0.80	0.88	0.83	0.96	1.10	1.14	1.15	-	1.23
Increase / (Decrease) in Invested Capital	161	136	4.51	9.75	27	69	34	39	-1.98	-19	16
Enterprise Value (EV)	620	496	583	122	1,755	1,367	1,102	1,290	1,952	-	1,510
Market Capitalization	505	393	468	0.74	1,595	1,195	948	1,121	1,783	-	1,313
Book Value per Share	$2.16	$2.02	$1.71	$1,654.33	$1.63	$1.96	$1.58	$1.35	$1.27	$1.42	$0.77
Tangible Book Value per Share	($2.55)	($2.61)	($2.80)	($2,788.22)	($3.76)	($3.30)	($3.54)	($3.51)	($3.44)	($3.35)	($4.10)
Total Capital	265	256	252	251	291	289	277	271	290	296	320
Total Debt	190	186	192	192	233	220	221	222	244	244	292
Total Long-Term Debt	189	186	191	192	196	220	113	38	243	243	292
Net Debt	116	103	116	121	160	173	154	169	169	171	197
Capital Expenditures (CapEx)	0.52	0.19	0.09	0.34	0.60	0.56	0.17	0.17	0.21	0.34	0.19
Debt-free, Cash-free Net Working Capital (DFCFNWC)	18	7.37	8.53	16	17	52	24	37	39	43	40
Debt-free Net Working Capital (DFNWC)	92	90	85	87	90	99	91	90	113	116	135
Net Working Capital (NWC)	91	90	84	86	52	98	-17	-94	112	115	135
Net Nonoperating Expense (NNE)	5.61	5.74	8.72	7.54	5.14	7.18	9.92	6.41	14	8.97	12
Net Nonoperating Obligations (NNO)	116	103	116	121	160	173	154	169	169	171	197
Total Depreciation and Amortization (D&A)	4.12	4.60	4.16	4.18	4.38	6.03	6.18	6.19	5.44	5.14	6.04
Debt-free, Cash-free Net Working Capital to Revenue	15.91%	5.66%	6.15%	10.14%	10.03%	25.83%	11.34%	16.10%	15.51%	-	15.00%
Debt-free Net Working Capital to Revenue	80.61%	69.23%	60.93%	56.18%	52.95%	49.50%	42.69%	39.37%	45.22%	-	50.23%
Net Working Capital to Revenue	79.93%	69.23%	60.36%	55.69%	30.78%	49.25%	-8.20%	-41.29%	44.87%	-	50.23%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.13)	($0.26)	($0.38)	($0.18)	($0.12)	$0.19	($0.50)	$0.14	$0.03	$0.19	($0.74)
Adjusted Weighted Average Basic Shares Outstanding	34.26M	32.62M	35.47M	35.62M	35.70M	35.65M	35.83M	36.79M	37.15M	36.76M	37.23M
Adjusted Diluted Earnings per Share	($0.13)	($0.26)	($0.38)	($0.18)	($0.12)	$0.19	($0.50)	$0.13	$0.03	$0.20	($0.74)
Adjusted Weighted Average Diluted Shares Outstanding	34.26M	32.62M	35.47M	35.62M	35.70M	35.65M	35.83M	38.85M	38.88M	36.76M	37.23M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	35.12M	35.36M	35.38K	35.48M	35.61M	35.65M	36.70M	37.00M	37.04M	37.23M	37.28M
Normalized Net Operating Profit after Tax (NOPAT)	1.22	-3.41	-4.85	1.07	0.92	9.03	-7.86	7.99	10	11	-15
Normalized NOPAT Margin	3.56%	-9.39%	-14.02%	2.19%	1.88%	13.51%	-16.44%	12.53%	14.41%	-	-34.97%
Pre Tax Income Margin	-8.32%	-26.63%	-39.22%	-11.89%	-8.53%	9.37%	-37.17%	7.84%	1.42%	-	-62.39%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.27	-0.97	-1.27	0.29	0.24	1.98	-1.72	1.78	1.07	-	-4.02
NOPAT to Interest Expense	0.21	-0.67	-0.90	0.20	0.17	2.19	-1.20	1.78	1.07	-	-2.81
EBIT Less CapEx to Interest Expense	0.18	-1.01	-1.29	0.23	0.13	1.90	-1.74	1.75	1.06	-	-4.05
NOPAT Less CapEx to Interest Expense	0.12	-0.70	-0.91	0.13	0.06	2.10	-1.23	1.75	1.05	-	-2.85
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%

Financials Breakdown Chart

Key Financial Trends

Here is a concise, data-driven view of Harrow, Inc. (HROW) using the last four years of quarterly statements. The focus is on key trends in revenue, profitability, cash flow, and balance-sheet leverage to help retail investors gauge the stock’s trajectory and risk profile.

Strong Q4 2025 revenue growth: Quarterly operating revenue rose to 89.1M, up from 66.8M in Q4 2024 (+~33%). This aligns with solid year-end momentum in 2025.
Improving gross margins in Q4 2025: Total gross profit reached 70.6M on 89.1M revenue, roughly a 79% gross margin, a favorable level vs prior year’s gross profit trajectory and indicating effective cost management.
Positive quarterly operating income in late 2025: Q4 2025 reported operating income of 15.6M, supported by margin strength; Q3 2025 also shows solid operating earnings, signaling a return to profitability on core operations after earlier quarterly losses.
Notable YoY revenue growth in Q3 2025: Q3 2025 revenue of 71.6M is up meaningfully from Q3 2024 (49.3M), highlighting a strong ramp into the back half of 2025.
Solid liquidity position persists: Cash and cash equivalents were about 74.3M by Q3 2025, providing a cushion to weather near-term obligations despite some volatility in cash flow.
Improved cash conversion in late-2025: Net cash from operating activities turned positive in Q3 2025 (16.6M) and remained positive in Q4 2025 (8.4M), indicating improving cash flow efficiency versus earlier quarters.
Surge in long-term debt in 2025: Long-term debt jumped to approximately 243M by Q3 2025, a substantial increase that raises leverage risk and from a financing-and-servicing perspective could weigh on future earnings.
Leverage and liabilities remain high: Total liabilities around 316.4M vs. total assets of about 363.1M in Q3 2025, resulting in relatively modest equity (~46.7M). This level of leverage can amplify downside during downturns and constrain flexibility.
Financing activities show ongoing funding needs: Across several quarters, cash flow from financing activities has been negative or volatile, suggesting continued reliance on external financing rather than pure operating cash generation.

05/12/26 09:24 AM ETAI Generated. May Contain Errors.

Harrow Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Harrow's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Harrow's net income appears to be on an upward trend, with a most recent value of -$5.14 million in 2025, falling from -$15.90 million in 2015. The previous period was -$17.48 million in 2024. Check out Harrow's forecast to explore projected trends and price targets.

Harrow's total operating income in 2025 was $30.52 million, based on the following breakdown:

Total Gross Profit: $204.37 million
Total Operating Expenses: $173.85 million

Over the last 10 years, Harrow's total revenue changed from $9.72 million in 2015 to $272.30 million in 2025, a change of 2,702.6%.

Harrow's total liabilities were at $347.39 million at the end of 2025, a 8.7% increase from 2024, and a 2,138.9% increase since 2015.

In the past 10 years, Harrow's cash and equivalents has ranged from $0.00 in 2017 to $96.27 million in 2022, and is currently $72.93 million as of their latest financial filing in 2025.

Over the last 10 years, Harrow's book value per share changed from -0.14 in 2015 to 1.42 in 2025, a change of -1,089.5%.

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Financial statements for NASDAQ:HROW last updated on 5/12/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Harrow (HROW) Financials

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Harrow (HROW) Financials

Annual Income Statements for Harrow

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Quarterly Cash Flow Statements for Harrow

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Quarterly Metrics And Ratios for Harrow

Financials Breakdown Chart

Key Financial Trends

Harrow Financials - Frequently Asked Questions

When does Harrow's financial year end?

How has Harrow's net income changed over the last 10 years?

What is Harrow's operating income?

How has Harrow's revenue changed over the last 10 years?

How much debt does Harrow have?

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How has Harrow's book value per share changed over the last 10 years?

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