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Stocks · Health care · Pharmaceutical Preparations

HARROW, INC.

HROW Clue Score59
United States Fiscal year ends December CIK 0001360214
$29.36 -3.80% Close, 9 Oct 2026
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Price $29.36 +200.82% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue19.9Operating income−15.9Net income−19.1Fiscal year 2017Revenue26.8 +34.3%Operating income−12.2Net income−12.0EPS, diluted−0.60Fiscal year 2018Revenue41.4 +54.5%Operating income−5.2Net income14.6EPS, diluted0.61Fiscal year 2019Revenue51.2 +23.7%Operating income−4.8Net income0.2 −98.9%EPS, diluted0.01 −98.4%Fiscal year 2020Revenue48.9 −4.5%Operating income0.4Net income−3.4 −2,098.2%EPS, diluted−0.13 −1,400.0%Fiscal year 2021Revenue72.5 +48.3%Operating income1.6Net income−18.0Fiscal year 2022Revenue88.6 +22.2%Operating income1.9Net income−14.1EPS, diluted−0.51Fiscal year 2023Revenue130.2 +47.0%Operating income0.4Net income−24.4EPS, diluted−0.75Fiscal year 2024Revenue199.6 +53.3%Operating income8.8Net income−17.5EPS, diluted−0.49Fiscal year 2025Revenue272.3 +36.4%Operating income30.5Net income−5.1EPS, diluted−0.14
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 19.9 26.8 41.4 51.2 48.9 72.5 88.6 130.2 199.6 272.3
Growth +34.3% +54.5% +23.7% −4.5% +48.3% +22.2% +47.0% +53.3% +36.4%
Operating income −15.9 −12.2 −5.2 −4.8 0.4 1.6 1.9 0.4 8.8 30.5
Net income −19.1 −12.0 14.6 0.2 −3.4 −18.0 −14.1 −24.4 −17.5 −5.1
Growth −98.9% −2,098.2%
EPS, diluted n/a −0.60 0.61 0.01 −0.13 n/a −0.51 −0.75 −0.49 −0.14
Growth −98.4% −1,400.0%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin50.7%Operating margin−79.6%Net margin−95.7%Free cash flow margin−90.8%Fiscal year 2017Gross margin49.6%Operating margin−45.4%Net margin−44.8%Free cash flow margin−35.8%Fiscal year 2018Gross margin60.1%Operating margin−12.6%Net margin35.3%Free cash flow margin−2.6%Fiscal year 2019Gross margin67.3%Operating margin−9.4%Net margin0.3%Free cash flow margin−1.0%Fiscal year 2020Gross margin70.4%Operating margin0.8%Net margin−6.9%Free cash flow margin−4.0%Fiscal year 2021Gross margin74.9%Operating margin2.2%Net margin−24.8%Free cash flow margin4.5%Fiscal year 2022Gross margin71.3%Operating margin2.2%Net margin−15.9%Free cash flow margin−1.0%Fiscal year 2023Gross margin69.6%Operating margin0.3%Net margin−18.7%Free cash flow margin1.8%Fiscal year 2024Gross margin75.3%Operating margin4.4%Net margin−8.8%Free cash flow margin−11.9%Fiscal year 2025Gross margin75.1%Operating margin11.2%Net margin−1.9%Free cash flow margin15.8%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 50.7% 49.6% 60.1% 67.3% 70.4% 74.9% 71.3% 69.6% 75.3% 75.1%
Operating margin −79.6% −45.4% −12.6% −9.4% 0.8% 2.2% 2.2% 0.3% 4.4% 11.2%
Net margin −95.7% −44.8% 35.3% 0.3% −6.9% −24.8% −15.9% −18.7% −8.8% −1.9%
Free cash flow margin −90.8% −35.8% −2.6% −1.0% −4.0% 4.5% −1.0% 1.8% −11.9% 15.8%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow−11.2Capital expenditure−6.9Free cash flow−18.1Fiscal year 2017Operating cash flow−8.8Capital expenditure−0.8Free cash flow−9.6Fiscal year 2018Operating cash flow0.7Capital expenditure−1.8Free cash flow−1.1Fiscal year 2019Operating cash flow1.0Capital expenditure−1.5Free cash flow−0.5Fiscal year 2020Operating cash flow−1.1Capital expenditure−0.9Free cash flow−2.0Fiscal year 2021Operating cash flow5.1Capital expenditure−1.8Free cash flow3.3Fiscal year 2022Operating cash flow1.7Capital expenditure−2.6Free cash flow−0.9 −127.1%Fiscal year 2023Operating cash flow3.8Capital expenditure−1.5Free cash flow2.4Fiscal year 2024Operating cash flow−22.2Capital expenditure−1.6Free cash flow−23.8 −1,099.9%Fiscal year 2025Operating cash flow43.9Capital expenditure−0.9Free cash flow43.0
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −11.2 −8.8 0.7 1.0 −1.1 5.1 1.7 3.8 −22.2 43.9
Capital expenditure −6.9 −0.8 −1.8 −1.5 −0.9 −1.8 −2.6 −1.5 −1.6 −0.9
Free cash flow −18.1 −9.6 −1.1 −0.5 −2.0 3.3 −0.9 2.4 −23.8 43.0
Growth −127.1% −1,099.9%

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash8.9Shareholders’ equity6.4Fiscal year 2017Cash4.0Total debt23.5Net cash (debt)−19.4Shareholders’ equity2.6Debt to equity8.97Fiscal year 2018Cash6.8Total debt24.2Net cash (debt)−17.3Shareholders’ equity24.8Debt to equity0.98Fiscal year 2019Cash4.7Shareholders’ equity27.7Fiscal year 2020Cash4.1Total debt20.0Net cash (debt)−15.9Shareholders’ equity27.2Debt to equity0.74Fiscal year 2021Cash42.2Total debt103.0Net cash (debt)−60.9Shareholders’ equity11.3Debt to equity9.13Fiscal year 2022Cash96.3Total debt151.8Net cash (debt)−55.5Shareholders’ equity27.6Debt to equity5.50Fiscal year 2023Cash74.1Total debt246.7Net cash (debt)−172.6Shareholders’ equity70.8Debt to equity3.49Fiscal year 2024Cash47.2Total debt262.7Net cash (debt)−215.5Shareholders’ equity69.7Debt to equity3.77Fiscal year 2025Cash72.9Total debt250.0Net cash (debt)−177.1Shareholders’ equity52.4Debt to equity4.77
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 8.9 4.0 6.8 4.7 4.1 42.2 96.3 74.1 47.2 72.9
Total debt n/a 23.5 24.2 n/a 20.0 103.0 151.8 246.7 262.7 250.0
Net cash (debt) n/a −19.4 −17.3 n/a −15.9 −60.9 −55.5 −172.6 −215.5 −177.1
Shareholders’ equity 6.4 2.6 24.8 27.7 27.2 11.3 27.6 70.8 69.7 52.4
Debt to equity n/a 8.97 0.98 n/a 0.74 9.13 5.50 3.49 3.77 4.77

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Balance sheet

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Assets
8.9 4.0 6.8 4.7 4.1 42.2 96.3 74.1 47.2 72.9
2.9 1.5 1.9 2.0 2.7 4.5 6.2 36.3 116.4 110.9
1.8 2.2 1.8 3.3 4.0 4.2 6.5 10.9 10.7 13.5
7.3 6.2 6.4 5.4 3.9 3.1 3.5 3.5 3.7 3.3
2.2 2.2 2.2 0.3 0.3 0.3 0.3 0.3 0.3 0.3
27.2 23.9 49.5 59.1 57.5 98.3 157.4 312.2 389.0 399.5
Growth −12.2% +106.8% +19.5% −2.7% +71.1% +60.1% +98.4% +24.6% +2.7%
Liabilities
n/a n/a 0.7 n/a n/a n/a n/a n/a n/a n/a
n/a 23.5 23.5 n/a 20.0 103.0 151.8 246.7 262.7 250.0
calc n/a 23.5 24.2 n/a 20.0 103.0 151.8 246.7 262.7 250.0
20.8 21.3 24.7 31.7 30.6 87.4 130.1 241.8 319.7 347.4
Equity
−76.9 −88.8 −74.2 −74.0 −77.4 −95.4 −109.5 −133.9 −151.4 −156.5
6.4 2.6 24.8 27.7 27.2 11.3 27.6 70.8 69.7 52.4
Growth −59.3% +846.5% +12.0% −1.9% −58.5% +144.5% +156.4% −1.6% −24.7%
Per share and net cash
calc n/a −19.4 −17.3 n/a −15.9 −60.9 −55.5 −172.6 −215.5 −177.1
18.6 20.6 24.3 25.5 25.7 26.9 29.9 35.2 35.6 37.2
calc 0.35 0.13 1.02 1.09 1.06 0.42 0.92 2.01 1.96 1.41

Lines marked calc are worked out here from filed figures; point at one for how.