HROW
$28.07+1.41%
HROW financial statements
The full income statement, balance sheet, and cash-flow statement for Harrow Inc. (HROW), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 35.5M2024-09 35.6M2024-12 35.7M2025-03 36.7M2025-06 37.0M2025-09 37.0M2025-12 37.2M2026-03 37.3M2026-06 37.5M+5.7% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
PeriodRangeOrderChangeFiguresAs-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 272M+36.4% | 200M+53.3% | 130M+47.0% | 88.6M+22.2% | 72.5M+48.3% | |
| 204M+35.9% | 150M+66.1% | 90.6M+43.3% | 63.2M+16.5% | 54.3M+57.7% | ||
| Cost of revenue | 67.9M+38.0% | 49.2M+24.2% | 39.6M+56.2% | 25.4M+39.4% | 18.2M+25.9% | |
| 174M+22.8% | 142M+57.1% | 90.1M+47.0% | 61.3M+16.4% | 52.6M+54.7% | ||
| Research & development | 20.9M+71.2% | 12.2M+83.9% | 6.65M+118.1% | 3.05M-72.5% | 11.1M+359.3% | |
| Selling, general & administrative | 153M+18.5% | 129M+55.3% | 83.1M+42.7% | 58.2M+41.0% | 41.3M+32.2% | |
| Amortization of intangibles | 17.0M+44.2% | 11.8M+16.9% | 10.1M+538.9% | 1.58M+880.1% | 161K-3.6% | |
| Provision for credit losses | 468K+290.0% | 120K-63.9% | 332K+309.9% | 81.0K+131.4% | 35.0K-83.6% | |
| Operating income | 30.5M+245.9% | 8.82M+1946.9% | 431K-77.5% | 1.92M+18.9% | 1.61M+319.2% | |
| Interest expense | 24.2M+6.1% | 22.8M+6.9% | 21.3M+194.4% | 7.24M+33.3% | 5.44M | |
| Net interest income | — | — | — | — | -5.44M-143.1% | |
| Other non-operating income | 47.0K+125.4% | -185K+58.3% | -444K-535.3% | 102K+100.5% | -19.5M-412.8% | |
| Pre-tax income | -1.37M+92.1% | -17.3M+27.0% | -23.7M-69.2% | -14.0M+21.6% | -17.9M-423.4% | |
| Income tax | 3.77M+2242.2% | 161K-77.0% | 701K+834.7% | 75.0K-43.6% | 133K+3225.0% | |
| -5.14M+70.6% | -17.5M+28.4% | -24.4M-73.3% | -14.1M+21.8% | -18.0M-436.4% | ||
| Preferred dividends | — | — | — | — | 472K | |
| Net income to common | — | -17.5M+28.4% | -24.4M-73.3% | -14.1M+23.8% | -18.5M-450.5% | |
| -$0.14+71.4% | -$0.49+34.7% | -$0.75-47.1% | -$0.51 | — | ||
| EPS (basic) | -$0.14+71.4% | -$0.49+34.7% | -$0.75-47.1% | -$0.51+26.1% | -$0.69-430.8% | |
| Weighted-avg shares (basic) | 36.8M+3.1% | 35.7M+9.3% | 32.6M+18.8% | 27.5M+2.6% | 26.8M+3.3% | |
| Weighted-avg shares (diluted) | 36.8M+3.1% | 35.7M+9.3% | 32.6M+18.8% | 27.5M | — | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 212M+11.7% | 190M+36.0% | 139M+17.9% | 118M+94.9% | 60.7M+48.0% | ||
| Cash & equivalents | 72.9M+54.4% | 47.2M-36.2% | 74.1M-23.0% | 96.3M+128.3% | 42.2M+928.2% | |
| Short-term investments | — | — | 8.68M+55.3% | 5.59M-34.3% | 8.50M-70.1% | |
| Accounts receivable | 111M-4.7% | 116M+220.9% | 36.3M+480.3% | 6.25M+39.8% | 4.47M+67.9% | |
| Inventory | 13.5M+26.4% | 10.7M-1.5% | 10.9M+66.1% | 6.54M+55.1% | 4.22M+6.4% | |
| Prepaid expenses | 14.4M-6.0% | 15.3M+59.9% | 9.59M+165.5% | 3.61M+176.7% | 1.30M-18.5% | |
| Other current assets | 2.13M-37.6% | 3.41M+94.5% | 1.75M+1385.6% | 118K+28.3% | 92.0K-51.6% | |
| 399M+2.7% | 389M+24.6% | 312M+98.4% | 157M+60.1% | 98.3M+71.1% | ||
| Property, plant & equipment | 3.26M-12.7% | 3.73M+6.0% | 3.52M+1.0% | 3.49M+11.0% | 3.14M-18.8% | |
| Operating lease right-of-use | 7.78M-9.0% | 8.55M+26.1% | 6.79M-9.7% | 7.51M+26.6% | 5.93M-12.7% | |
| Goodwill | 332K+0.0% | 332K+0.0% | 332K+0.0% | 332K+0.0% | 332K+0.0% | |
| Intangible assets | 175M-5.3% | 185M+15.7% | 160M+574.0% | 23.7M+50.0% | 15.8M+715.5% | |
| 96.3M+5.4% | 91.3M+85.1% | 49.3M+164.8% | 18.6M+91.6% | 9.72M-10.0% | ||
| Accounts payable | 35.4M-8.8% | 38.8M | — | — | — | |
| Accrued liabilities | 42.0M+1.3% | 41.4M+68.4% | 24.6M+78.5% | 13.8M+117.3% | 6.34M+61.2% | |
| Deferred revenue | 788K+1690.9% | 44.0K-41.3% | 75.0K-33.6% | 113K+606.3% | 16.0K-75.8% | |
| Current lease liability | 887K+78.5% | 497K-38.3% | 806K+11.5% | 723K+165.8% | 272K-53.1% | |
| Finance lease liability (current) | — | — | — | — | 8.00K+0.0% | |
| 347M+8.7% | 320M+32.2% | 242M+85.8% | 130M+48.9% | 87.4M+185.2% | ||
| Long-term debt | 250M-4.8% | 263M+6.5% | 247M+62.6% | 152M+47.3% | 103M+415.0% | |
| Non-current lease liability | 7.91M-10.1% | 8.79M+34.8% | 6.52M-11.0% | 7.33M+22.0% | 6.01M-9.6% | |
| Operating lease liability (total) | 8.79M-5.4% | 9.29M+26.7% | 7.33M-9.0% | 8.05M+28.2% | 6.28M-13.1% | |
| Finance lease liability (total) | — | — | — | — | 18.0K-28.0% | |
| Finance lease liability | — | — | — | — | 10.0K-41.2% | |
| 52.4M-24.7% | 69.7M-1.6% | 70.8M+156.4% | 27.6M+144.5% | 11.3M-58.5% | ||
| Common stock | 37.0K+5.7% | 35.0K+0.0% | 35.0K+16.7% | 30.0K+11.1% | 27.0K+3.8% | |
| Additional paid-in capital | 209M-5.5% | 221M+8.0% | 205M+49.3% | 137M+28.5% | 107M+2.0% | |
| Retained earnings | -157M-3.4% | -151M-13.1% | -134M-22.3% | -109M-14.8% | -95.4M-23.3% | |
| Non-controlling interest | -355K+0.0% | -355K+0.0% | -355K+0.0% | -355K+0.0% | -355K+0.0% | |
| Total equity incl. non-controlling | 52.1M-24.8% | 69.3M-1.6% | 70.4M+158.5% | 27.2M+149.2% | 10.9M-59.3% | |
| Total liabilities & equity | 399M+2.7% | 389M+24.6% | 312M+98.4% | 157M+60.1% | 98.3M+71.1% | |
| Common shares issued | 37.2M+4.5% | 35.6M+1.3% | 35.2M+17.6% | 29.9M+11.1% | 26.9M+4.5% | |
| Common shares outstanding | 37.2M+4.5% | 35.6M+1.3% | 35.2M+17.6% | 29.9M+11.1% | 26.9M+4.5% | |
| Shares outstanding (cover) | 37.2M+4.4% | 35.7M+0.8% | 35.4M+18.0% | 30.0M+10.9% | 27.0M+4.0% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 43.9M+297.6% | -22.2M-678.2% | 3.84M+125.2% | 1.71M-66.5% | 5.08M+562.0% | ||
| Depreciation & amortization | 1.31M+3.6% | 1.27M-17.1% | 1.53M+3.6% | 1.48M-6.5% | 1.58M-7.2% | |
| Intangible amortization | 17.0M+44.2% | 11.8M+16.9% | 10.1M+538.9% | 1.58M+880.1% | 161K-3.6% | |
| Share-based compensation | 12.5M-29.0% | 17.6M+12.3% | 15.7M+96.8% | 7.97M+38.8% | 5.75M+107.0% | |
| Change in receivables | -5.01M-106.2% | 80.2M+164.4% | 30.3M+1531.4% | 1.86M+1.6% | 1.83M+111.4% | |
| Change in inventory | 2.82M+1809.7% | -165K-103.8% | 4.33M+86.1% | 2.32M+811.4% | 255K-61.4% | |
| -5.46M+83.5% | -33.2M+78.3% | -153M-8652.3% | -1.74M+90.7% | -18.7M-1804.8% | ||
| Capital expenditure | 887K-44.4% | 1.59M+9.2% | 1.46M-43.8% | 2.60M+45.4% | 1.79M+107.2% | |
| Free cash flow | 43.0M+280.6% | -23.8M-1099.9% | 2.38M+366.8% | -892K-127.1% | 3.30M+268.0% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Sales/maturities of investments | — | 5.51M | — | — | — | |
| Proceeds from sale of PP&E | — | — | — | 30.0K | — | |
| -12.7M-144.6% | 28.5M-77.5% | 127M+133.7% | 54.1M+5.2% | 51.5M+3491.8% | ||
| Long-term debt issued | 244M+720.6% | 29.8M-46.7% | 55.9M | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00-100.0% | 64.5M+184.8% | 22.7M | 0.00 | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net change in cash | 25.7M+195.7% | -26.8M-21.0% | -22.2M-141.0% | 54.1M+42.9% | 37.9M+5943.5% | |
| Interest paid | 18.7M-9.1% | 20.6M+9.0% | 18.9M+191.5% | 6.48M+34.4% | 4.82M+169.3% | |
| Income taxes paid | 93.0K-75.1% | 374K | — | 75.0K+581.8% | 11.0K+175.0% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 1.82B+52.5% | 1.20B+204.1% | 393M-2.8% | 405M+73.3% | 234M+31.0% | |
| P/S | 6.7×+11.8% | 6.0×+73.9% | 3.4×-24.7% | 4.6×+42.0% | 3.2×-11.7% | |
| P/B | 34.8×+102.5% | 17.2×+230.8% | 5.2×-98.4% | 332.5×+1506.7% | 20.7×+215.6% | |
| P/FCF | 42.4× | — | — | 195.4×+175.7% | 70.9× | |
| FCF yield | 2.4% | — | — | 0.51%-63.7% | 1.4% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: HROW’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all HROW filings on SEC EDGAR → Not investment advice.