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Harrow HROW Q4 2025 Annual earnings

Reported March 2, 2026 · After market close

Revenue$89.1MMiss by $904.1K
EPS$0.26Miss by $0.14
Revenue estimate$90.0M
EPS estimate$0.40

Next report

Nov 9, 2026 (in 2 months)
Revenue estimate$99.1M
EPS estimate$0.16

Financials

Q4 2025

Income statement

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Revenue$89.1M+33.3%
Gross profit$70.6M+34.0%
Operating income$15.6M+20.9%

Balance sheet

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Cash & equivalents$72.9M+54.4%
Total debt$258.8M-12.5%
Total equity$52.4M-24.7%
Total assets$399.5M+2.7%

Cash flow

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Operating cash flow$8.4M+147%
CapEx$341.0K-38.6%
Free cash flow$8.1M+144%

Valuation & ratios

Valuation

as of 12/31/25
See full
Market cap$1.81B+51.9%
Enterprise value$2B+38.6%
P/S6.7×+0.7×

Profitability

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Gross margin75.1%-0.3pp
Operating margin11.2%+6.8pp
FCF margin16.1%+11.1pp

Returns & leverage

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Debt / equity4.9×+0.7×
Current ratio2.2×+0.1×

Segments

By product

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IHEEZO$35.9M+57.3%
VEVYE$25.9M+62.3%
Other branded products$12.3M+74.3%

By segment

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Branded$74.1M+60.0%

FAQ

When did Harrow report Q4 2025 earnings?
Harrow (HROW) reported Q4 2025 earnings on March 2, 2026 after market close.
What were Harrow's Q4 2025 revenue and EPS?
Harrow reported revenue of $89.1M and eps of $0.26 for Q4 2025.
Did Harrow beat estimates in Q4 2025?
Revenue missed the consensus estimate of $90.0M by $904.1K. EPS missed the consensus estimate of $0.40 by $0.14.
How did Harrow's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 33.3% from $66.8M a year earlier and eps grew 4.0% from $0.25.
Where can I find Harrow's Q4 2025 SEC filings?
You can read the 8-K earnings release (0001493152-26-008552) and the 10-K periodic report (0001493152-26-008562) directly on SEC EDGAR. The filing index links above go to sec.gov.