Harrow, Inc. financials
Source: EDGAR filings · Built 2026-06-02T03:14:34Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 42.98M | -23.80M | 2.38M | -910.00K | 3.29M | -1.97M |
| EBITDA | 32.43M | 10.67M | 1.96M | 3.40M | 3.33M | 2.27M |
| Working Capital | 115.45M | 98.31M | 90.14M | 99.63M | 50.94M | 30.18M |
| Net Debt | 185.87M | 444.32M | 179.96M | 63.56M | 67.17M | 23.16M |
| Gross Margin | 75.05% | 75.33% | 69.55% | 71.35% | 74.87% | 70.41% |
| Operating Margin | 11.21% | 4.42% | 0.33% | 2.17% | 2.23% | 0.79% |
| Net Margin | -1.89% | -8.76% | -18.75% | -15.90% | -24.85% | -6.87% |
| Return on Equity (ROE) | -9.80% | -25.10% | -34.50% | -51.05% | -159.55% | -12.35% |
| Return on Assets (ROA) | -1.29% | -4.49% | -7.82% | -8.95% | -18.31% | -5.84% |
| Current Ratio | 2.20× | 2.08× | 2.83× | 6.35× | 6.24× | 3.79× |
| Debt-to-Equity | 4.93× | 7.06× | 3.59× | 5.79× | 9.69× | 1.00× |
| Effective Tax Rate | -275.66% | -0.93% | -2.96% | -0.54% | -0.74% | -0.12% |
| Cash Conversion Ratio | -8.54× | 1.27× | -0.16× | -0.12× | -0.28× | 0.33× |
| Accruals Ratio | -0.12× | 0.01× | -0.09× | -0.10× | -0.23× | -0.04× |
| SBC % of Revenue | 4.59% | 8.83% | 12.06% | 9.00% | 7.93% | 5.68% |
| CapEx Coverage | 49.45× | -13.92× | 2.63× | 0.65× | 2.83× | -1.26× |
| Free Cash Flow Per Share | $1.17 | $-0.67 | $0.07 | $-0.03 | $0.12 | $-0.08 |
Valuation Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| P/FCF | 41.91× | — | 153.42× | — | 70.30× | — |
| FCF Yield | 2.39% | — | 0.65% | — | 1.42% | — |
| EV / EBITDA | 61.98× | 153.62× | 292.63× | 148.68× | 89.95× | 88.21× |
| P/S | 6.70× | 5.99× | 3.03× | 4.98× | 3.21× | 3.61× |
| P/B | 34.78× | 17.16× | 5.57× | 15.99× | 20.60× | 6.50× |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 272.30M | 199.61M | 130.19M | 88.59M | 72.48M | 48.87M |
| Cost of Goods and Services Sold | 67.93M | 49.24M | 39.64M | 25.38M | 18.21M | 14.46M |
| Gross Profit | 204.37M | 150.37M | 90.55M | 63.21M | 54.26M | 34.41M |
| Research and Development Expense | 20.94M | 12.23M | 6.65M | 3.05M | 11.08M | 2.41M |
| Selling, General and Administrative Expense | 152.91M | 129.06M | 83.09M | 58.24M | 41.31M | 31.25M |
| Operating Expenses | 173.85M | 141.55M | 90.12M | 61.29M | 52.65M | 34.02M |
| Operating Income (Loss) | 30.52M | 8.82M | 431.00K | 1.92M | 1.61M | 385.00K |
| Income Tax Expense (Benefit) | 3.77M | 161.00K | 701.00K | 75.00K | 133.00K | 4.00K |
| Net Income (Loss) Attributable to Parent | -5.14M | -17.48M | -24.41M | -14.09M | -18.01M | -3.36M |
| Earnings Per Share, Basic | $-0.14 | $-0.49 | $-0.75 | $-0.51 | $-0.69 | $-0.13 |
| Weighted Average Number of Shares Outstanding, Basic | 36.76M | 35.65M | 32.62M | 27.46M | 26.76M | 25.90M |
| Earnings Per Share, Diluted | $-0.14 | $-0.49 | $-0.75 | $-0.51 | — | $-0.13 |
| Weighted Average Number of Shares Outstanding, Diluted | 36.76M | 35.65M | 32.62M | 27.46M | — | 25.90M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 72.93M | 47.25M | 74.08M | 96.27M | 42.17M | 4.10M |
| Assets, Current | 211.75M | 189.65M | 139.48M | 118.26M | 60.66M | 40.98M |
| Assets | 399.48M | 388.97M | 312.16M | 157.38M | 98.33M | 57.47M |
| Long-term Debt | 250.00M | 262.74M | 246.72M | 151.77M | 103.03M | 20.00M |
| Liabilities, Current | 96.30M | 91.34M | 49.34M | 18.63M | 9.72M | 10.80M |
| Liabilities | 347.39M | 319.67M | 241.75M | 130.14M | 87.40M | 30.65M |
| Stockholders' Equity Attributable to Parent | 52.45M | 69.65M | 70.77M | 27.59M | 11.29M | 27.18M |
| Common Stock, Shares, Outstanding | 37.23M | 35.62M | 35.17M | 29.90M | 26.90M | 25.75M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 43.86M | -22.20M | 3.84M | 1.71M | 5.08M | -1.10M |
| Payments to Acquire Property, Plant, and Equipment | 887.00K | 1.59M | 1.46M | 2.60M | 1.79M | 862.00K |
| Net Cash Provided by (Used in) Investing Activities | -5.46M | -33.16M | -152.55M | -1.74M | -18.69M | -981.00K |
| Net Cash Provided by (Used in) Financing Activities | -12.72M | 28.53M | 126.53M | 54.14M | 51.47M | 1.43M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -9.19M | 8.07M | 34.91M | 18.53M | 19.50M | -18.33M |
| EBITDA | -21.63M | 16.05M | — | — | -10.77M | 13.37M |
| Working Capital | 134.94M | 115.45M | 112.20M | -93.99M | -17.45M | 98.31M |
| Net Debt | 213.94M | 185.87M | 524.82M | 390.42M | 307.69M | 444.32M |
| Gross Margin | 61.18% | 79.27% | 75.28% | 74.54% | 67.54% | 78.85% |
| Operating Margin | -49.95% | 17.50% | 20.59% | 17.90% | -23.48% | 19.30% |
| Net Margin | -62.44% | 7.44% | 1.42% | 7.84% | -37.17% | 10.14% |
| Return on Equity (ROE) | -96.15% | 12.63% | 2.17% | 10.06% | -31.50% | 9.73% |
| Return on Assets (ROA) | -6.58% | 1.66% | 0.28% | 1.45% | -4.88% | 1.74% |
| Current Ratio | 2.48× | 2.20× | 2.72× | 0.62× | 0.91× | 2.08× |
| Debt-to-Equity | 10.75× | 4.93× | 12.74× | 8.93× | 6.63× | 7.06× |
| Effective Tax Rate | -0.09% | — | — | — | — | -8.21% |
| Cash Conversion Ratio | 0.33× | 1.27× | 34.76× | 3.78× | -1.11× | -2.62× |
| Accruals Ratio | -0.04× | -0.00× | -0.09× | -0.04× | -0.10× | 0.06× |
| SBC % of Revenue | 8.68% | 4.27% | 12.15% | 8.52% | 9.53% | 7.17% |
| CapEx Coverage | -46.35× | 24.67× | 64.93× | 56.15× | 115.69× | -32.03× |
| Free Cash Flow Per Share | $-0.25 | $0.22 | $0.90 | $0.48 | $0.54 | $-0.51 |
Valuation Metrics
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 44.20M | 89.09M | 71.64M | 63.74M | 47.83M | 66.83M |
| Cost of Goods and Services Sold | 17.16M | 18.47M | 17.71M | 16.23M | 15.52M | 14.13M |
| Gross Profit | 27.05M | 70.62M | 53.93M | 47.51M | 32.31M | 52.70M |
| Research and Development Expense | 5.89M | 11.72M | 3.32M | 2.87M | 3.03M | 4.75M |
| Selling, General and Administrative Expense | 43.23M | 43.31M | 35.86M | 33.23M | 40.51M | 34.79M |
| Operating Expenses | 49.13M | 55.03M | 39.18M | 36.10M | 43.54M | 39.80M |
| Operating Income (Loss) | -22.08M | 15.59M | 14.75M | 11.41M | -11.23M | 12.90M |
| Income Tax Expense (Benefit) | 25.00K | — | — | — | — | -514.00K |
| Net Income (Loss) Attributable to Parent | -27.60M | 6.63M | 1.02M | 5.00M | -17.78M | 6.78M |
| Earnings Per Share, Basic | $-0.74 | $0.18 | $0.03 | $0.14 | $-0.50 | $0.19 |
| Weighted Average Number of Shares Outstanding, Basic | 37.23M | 36.76M | 37.15M | 36.79M | 35.83M | 35.65M |
| Earnings Per Share, Diluted | $-0.74 | $0.18 | $0.03 | $0.13 | $-0.50 | $0.19 |
| Weighted Average Number of Shares Outstanding, Diluted | 37.23M | 36.76M | 38.88M | 38.85M | 35.83M | 35.65M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 94.64M | 72.93M | 74.29M | 52.96M | 66.73M | 47.25M |
| Assets, Current | 226.38M | 211.75M | 177.60M | 154.89M | 169.53M | 189.65M |
| Assets | 419.54M | 399.48M | 363.07M | 345.03M | 364.16M | 388.97M |
| Long-term Debt | 300.00M | 250.00M | 347.24M | 250.62M | 256.91M | 262.74M |
| Liabilities, Current | 91.44M | 96.30M | 65.40M | 248.88M | 186.99M | 91.34M |
| Liabilities | 391.19M | 347.39M | 316.41M | 295.73M | 308.07M | 319.67M |
| Stockholders' Equity Attributable to Parent | 28.71M | 52.45M | 47.02M | 49.65M | 56.45M | 69.65M |
| Common Stock, Shares, Outstanding | 37.27M | 37.23M | 37.03M | 36.71M | 35.65M | 35.62M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -8.99M | 8.41M | 35.45M | 18.86M | 19.67M | -17.78M |
| Payments to Acquire Property, Plant, and Equipment | 194.00K | 341.00K | 546.00K | 336.00K | 170.00K | 555.00K |
| Net Cash Provided by (Used in) Investing Activities | -18.20M | -4.73M | -730.00K | -505.00K | -212.00K | -37.56M |
| Net Cash Provided by (Used in) Financing Activities | 48.91M | -5.04M | -7.68M | -12.64M | 23.00K | 29.98M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (HROW CIK 0001360214),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.