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HRO

Harrow

HROW

Harrow, Inc. is a leading ophthalmic disease management company focused on the development, production, and sale of innovative medications for eye care professionals in North America.

Market cap
$1.4B+16.4%
Revenue$268.7M+26.2%
Net income-$39.4M-17.8%
Free cash flow$15.3M+892%
EPS (diluted)-$1.08-13.7%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 10, 2026 (In 1 week)
Revenue estimate$70.4M
EPS estimate-$0.23

Financials

Q1 2026

Income statement

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Revenue$44.2M-7.6%
Gross profit$27.0M-16.3%
Operating income-$22.1M-96.6%
Net income-$27.6M-55.2%
EPS (diluted)-$0.74-48.0%

Balance sheet

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Cash & equivalents$94.6M+41.8%
Total debt$308.6M-32.9%
Total equity$28.7M-49.1%
Total assets$419.5M+15.2%

Cash flow

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Operating cash flow-$9.0M-146%
CapEx$194.0K+14.1%
Free cash flow-$9.2M-147%

Valuation & ratios

Valuation

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Market cap$1.4B+16.4%
Enterprise value$1.61B-4.1%
P/S5.2×-0.4×

Profitability

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Gross margin74.1%-0.4pp
Operating margin7.3%+5.2pp
FCF margin5.7%+5.0pp

Returns & leverage

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Debt / equity10.7×+2.6×
Current ratio2.5×+1.6×

Segments

By product

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VEVYE$20.9M-2.6%
Other Products$7.8M+719%
IHEEZO$1.9M-64.6%
Other Revenues$73.0K

By segment

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Branded$30.7M+10.5%
Compounding$13.5M-32.7%

Competitors

Profile

Harrow, Inc. is a leading ophthalmic disease management company focused on the development, production, and sale of innovative medications for eye care professionals in North America. The company provides a comprehensive portfolio of FDA-approved branded pharmaceuticals and customized compounded formulations to treat conditions such as dry eye disease, glaucoma, and cataracts. Its value proposition centers on enhancing patient compliance and clinical outcomes through accessible and affordable ophthalmic solutions.

Competitive position

Harrow maintains a leading position in the North American ophthalmic market by bridging the gap between high-volume compounded medications and specialized FDA-approved branded therapies.

GeographiesUnited States, Canada
Customer segmentsHealthcare Providers, Surgical Centers, Retail Patients
Business modelManufacturing, Licensing, Direct Sales, B2B
SuppliersContract Manufacturing Organizations (CMOs), Active Pharmaceutical Ingredient (API) suppliers, Third-party logistics providers
CustomersOphthalmology clinics, Ambulatory surgery centers, Hospitals, Retail pharmacies, Government healthcare programs (Medicare/Medicaid)
Listed2007
Employees382.0
CEOMark L. Baum
Websiteharrow.com
FilingsSEC EDGAR

Questions, answered.

What is Harrow's market cap?
Harrow (HROW) has a market capitalization of $1.4B and trades on NASDAQ.
What is Harrow's revenue and profitability?
Harrow generated $268.7M in trailing twelve-month revenue with a net loss of $39.4M, representing a net margin of -19.8%. Gross margin stands at 74.1%, with free cash flow of $15.3M. These figures are based on the Q1 2026 filing.
Who are Harrow's competitors?
Harrow's key competitors include Bausch + Lomb Corporation, AbbVie Inc., Alcon Inc., and others. These companies compete in similar markets and product categories.
Who does Harrow partner with?
Harrow's notable partners include Apotex Inc., Samsung Bioepis.
What subsidiaries does Harrow have?
Harrow's subsidiaries include Melt Pharmaceuticals, Inc., Surface Ophthalmics, Inc., ImprimisRx.
Where is Harrow headquartered?
Harrow is headquartered in United States of America and employs approximately 382 people. It has been publicly traded since 2007.