Harrow Health, Inc.

Harrow Health, Inc.

HROW
Harrow Health, Inc.US flagNASDAQ Global Market
33.32
USD
+0.46
- -
1.24BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
- -
0.18
1.01
1.56
1.34
1.89
2.02
1.89
2.71
3.21
3.99
5.6
7.41
7.26
Basic EPS, GAAP
-0.88
-1.11
-1.66
-1.5
-0.6
0.67
0.01
-0.13
-0.69
-0.51
-0.75
-0.49
-0.14
-0.4
Free Cash Flow per Basic Share
-0.52
-0.79
-1.29
-1.44
-0.49
-0.07
-0.04
-0.08
-0.4
-0.22
-4.56
-1.71
1.16
-0.11
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
-3.67
-4.58
-6.03
-6.03
-4.43
-3.38
-2.92
-3
-3.56
-3.96
-4.1
-4.25
-4.26
-4.98
Tangible Book Value per Share
1.75
0.79
-0.73
0.1
-0.12
0.89
0.98
0.93
-0.24
0.04
-2.82
-3.3
-3.39
-4.17
Basic Weighted Avg Shares
9
9
10
13
20
22
25
26
27
28
33
36
37
37
Sales/Revenue/Turnover
- -
2
10
20
27
41
51
49
72
89
130
200
272
269
Operating Margin (%)
-76,868.79
-611.27
-152.55
-78.12
-45.43
-12.61
-1.48
1.53
2.57
2.17
0.62
4.55
11.21
7.32
Depreciation Expense
- -
- -
1
1
2
2
3
3
2
4
12
15
20
21
Net Income, GAAP
-8
-10
-16
-19
-12
15
- -
-3
-18
-14
-24
-17
-5
-15
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
36.27
Profit Margin (%)
-76,431.24
-609.52
-163.64
-95.71
-44.76
35.35
0.33
-6.87
-24.85
-15.9
-18.75
-8.76
-1.89
-5.57
Working Capital
15
7
- -
5
3
21
24
30
51
100
90
98
115
135
LT Debt
- -
- -
8
9
15
12
19
19
78
112
192
228
251
300
Total Equity
15
8
-1
6
3
25
27
27
11
27
70
69
52
28
Return on Invested Capital (%)
- -
- -
- -
- -
- -
-18.18
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
-22.09
- -
- -
- -
- -
- -
- -
- -
189.45
Return on Common Equity (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
1
1
1
LT Borrowings
243
243
292
LT Finance Leases
8
8
8
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
37
37
37
Market Capitalization
1,753
1,796
1,304

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
178
212
226
Cash, Cash Equivalents & STI
74
73
95
Accounts Receivable, Net
78
111
101
Inventories
13
14
16
Total Current Liabilities
65
96
91
Payables & Accruals
64
95
90
ST Debt
1
1
1
Deferred Revenue
- -
1
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
45.34%
44.4%
-24.83%
Free Cash Flow
250.77%
499.01%
-170.24%
Net Income, GAAP
-204.73%
77.79%
-70.6%
Sales/Revenue/Turnover
42.04%
41.44%
36.41%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
35
49
49
67
200
2025
48
64
72
89
272
2026
44
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.38
-0.18
-0.12
0.19
-0.49
2025
-0.5
0.14
0.03
0.18
-0.14
2026
-0.74
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
Mark L. Baum
Full Time Employees
382
Sector
Healthcare
Industry
Drug Manufacturers - Specialty & Generic
Address
102 Woodmont Boulevard Nashville TN United States of America 37205
IPO Date
Sep 28, 2007
Business
Harrow Health, Inc. (NASDAQ: HROW) is an ophthalmic-focused healthcare company that develops, markets, and sells innovative prescription therapies for the eye care market. The company offers a portfolio of branded and compounded ophthalmic products, including ILEVRO (nepafenac ophthalmic suspension) 0.3%, an NSAID for postoperative inflammation and pain following cataract surgery; VEVYE (cyclosporine ophthalmic solution) 0.1%, a nanoemulsion formulation for dry eye disease treatment; and TRIESENCE (triamcinolone acetonide injectable suspension) 40 mg/mL, a corticosteroid for vitreoretinal diseases; as well as compounded formulations such as ZERVIATE (cetirizine ophthalmic solution) 0.24% for allergic conjunctivitis and various sterile ophthalmic preparations through its Harrow Equinox subsidiary. Harrow operates primarily in the United States, with headquarters in Nashville, Tennessee, where it was founded in 2012 as a specialty pharmaceutical firm focused on commercial-stage biopharmaceuticals before pivoting to ophthalmology under the leadership of CEO Mark L. Baum. The company serves ophthalmologists, optometrists, and ambulatory surgery centers through direct sales forces and distribution partnerships. In recent developments, Harrow completed the acquisition of the U.S. rights to ILEVRO from Novartis in February 2024, expanding its commercial portfolio and driving revenue growth; launched VEVYE commercially in 2024 following FDA approval as the first and only nanoemulsion cyclosporine solution for dry eye disease, with strong initial uptake reported in Q3 2024 earnings; and in November 2024, announced a strategic commercialization partnership with Visionology for Triesence and other sterile products in key markets, enhancing distribution reach. Additionally, the company raised approximately $80 million through a public offering in mid-2024 to fund product launches and acquisitions, and in late 2024, expanded its manufacturing capacity via the Harrow Equinox facility in North Carolina to meet growing demand for compounded ophthalmics amid FDA compounding regulations. These moves position Harrow for accelerated growth in the $15 billion U.S. ophthalmology market, with no major name changes or reorganizations reported in the last two years.

Company News

APIChat
  • Harrow to Present at William Blair's 46th Annual Growth Stock Conference

  • HROW Alert: Monsey Law Firm of Wohl & Fruchter LLP Investigating Harrow for Potential Securities Law Violations

  • Harrow, Inc. (HROW) Q1 2026 Earnings Call Transcript

  • Harrow Q1 Earnings Call Highlights

  • Harrow (HROW) Reports Q1 Loss, Lags Revenue Estimates

  • Harrow Announces First Quarter 2026 Financial Results

  • Analysts Estimate Harrow (HROW) to Report a Decline in Earnings: What to Look Out for

  • Harrow To Report First Quarter 2026 Financial Results After Market Close on May 11, 2026

  • State of Alaska Department of Revenue Acquires 14,065 Shares of Harrow, Inc. $HROW

  • Harrow: Now Is The Buy Time

  • Harrow Announces the Issuance of J-Code for IOPIDINE® 1%

  • LogiCare3PL Selected as Distribution Partner by Harrow

  • Harrow: Probably A Short-Term Market Overreaction

  • Harrow Inc (HROW) Stock Up 3.3% and Still Undervalued -- GF Score: 86/100

  • JPMorgan Chase & Co. Sells 42,246 Shares of Harrow, Inc. $HROW

  • Harrow Announces Pricing of $50.0 Million Offering of Senior Unsecured Notes Due 2030

  • A Major Investor Just Sold $7.8 Million in Harrow Stock -- Is This a Sell Signal?

  • Harrow Announces Add-On Offering of $50.0 Million of Senior Unsecured Notes to Support Growth

  • Harrow Announces Three Abstracts Accepted for Presentation at ASCRS 2026 Annual Meeting

  • Harrow Emerging As Dominant Operator In U.S. Ophthalmic Market