HARROW, INC.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 10/31/24 | FY 12/31/23 | FY 12/31/22 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $272.3M | $199.6M | — | $130.2M | $88.6M |
| Cost of revenue | $67.9M | $49.2M | — | $39.6M | $25.4M |
| Gross profit | $204.4M | $150.4M | — | $90.6M | $63.2M |
| Selling, general & administrative | $152.9M | $129.1M | — | $83.1M | $58.2M |
| Research and development | $20.9M | $12.2M | — | $6.7M | $3.0M |
| Operating expenses | $173.9M | $141.5M | — | $90.1M | $61.3M |
| Operating income | $30.5M | $8.8M | — | $431,000 | $1.9M |
| Interest expense | $24.2M | $22.8M | — | $21.3M | $7.2M |
| Pretax income | -$1.4M | -$17.3M | — | -$23.7M | -$14.0M |
| Income tax expense | $3.8M | $161,000 | — | $701,000 | $75,000 |
| Net income | -$5.1M | -$17.5M | — | -$24.4M | -$14.1M |
| Balance Sheet | |||||
| Cash and equivalents | $72.9M | $47.2M | — | $74.1M | $96.3M |
| Current assets | $211.8M | $189.7M | — | $139.5M | $118.3M |
| Total assets | $399.5M | $389.0M | — | $312.2M | $157.4M |
| Current liabilities | $96.3M | $91.3M | — | $49.3M | $18.6M |
| Total liabilities | $347.4M | $319.7M | — | $241.8M | $130.1M |
| Total debt | $250.0M | $226.5M | $30.0M | $195.5M | $110.0M |
| Stockholders' equity | $52.4M | $69.7M | — | $70.8M | $27.6M |
| Cash Flow Statement | |||||
| Cash from operations | $43.9M | -$22.2M | — | $3.8M | $1.7M |
| Depreciation and amortization | $1.3M | $1.3M | — | $1.1M | $1.3M |
| Stock-based compensation | $12.5M | $17.6M | — | $15.7M | $8.0M |
| Capital expenditure | $887,000 | $1.6M | — | $1.5M | $2.6M |
| Free cash flow | $43.0M | -$23.8M | — | $2.4M | -$892,000 |
| Impairments | $0 | $253,000 | — | $380,000 | — |
Shares outstanding 37.3M · Free float 61.8%
Annual filing data through FY ended December 31, 2025; float as of July 13, 2026.