Harrow Inc (HROW) financials
Harrow revenue and earnings by year
Harrow's revenue was $272 million in the fiscal year to December 31, 2025, up 36.4% from the year before. Net income was -$5.14 million, -1.9% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 33.7% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 272 | 200 | 130 | 89 | 72 | 49 | 51 | 41 | 27 | 20 |
| Revenue growth | 36.4% | 53.3% | 47.0% | 22.2% | 48.3% | -4.5% | 23.7% | 54.5% | 34.3% | — |
| Gross profit | 204 | 150 | 91 | 63 | 54 | 34 | 34 | 25 | 13 | 10 |
| Gross margin | 75.1% | 75.3% | 69.6% | 71.3% | 74.9% | 70.4% | 67.3% | 60.1% | 49.6% | 50.7% |
| Operating income | 31 | 9 | 0 | 2 | 2 | 0 | -5 | -5 | -12 | -16 |
| Operating margin | 11.2% | 4.4% | 0.3% | 2.2% | 2.2% | 0.8% | -9.4% | -12.6% | -45.4% | -79.6% |
| Net income | -5 | -17 | -24 | -14 | -18 | -3 | 0 | 15 | -12 | -19 |
| Net margin | -1.9% | -8.8% | -18.7% | -15.9% | -24.8% | -6.9% | 0.3% | 35.3% | -44.8% | -95.7% |
| Diluted EPS | -$0.14 | -$0.49 | -$0.75 | -$0.51 | -$0.68 | -$0.13 | $0.01 | $0.59 | -$0.61 | -$1.52 |
| Free cash flow | 43 | -24 | 2 | -1 | 3 | -2 | -1 | -1 | -10 | -18 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open HROW in Markets.
How Harrow makes money
Revenue by segment in the quarter to June 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Branded | $56.1M | 79.4% |
| Compounding | $14.6M | 20.6% |
See also: HROW returns
No forecast, no recommendation. This page describes Harrow Inc from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.