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Harrow HROW Compounding — Research And Development Expense

Other segment segments

Branded
$5.62M+182%

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Other financials

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

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Market cap$1.49B+22.8%
Enterprise value$1.7B+5.6%
P/S5.5×+0.2×

Profitability

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Gross margin74.1%-0.4pp
Operating margin7.3%+5.2pp
Net margin-19.8%+18.0pp
FCF margin5.7%+5.0pp

Returns & leverage

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Return on equity-50%+17.5pp
Debt / equity10.7×+2.6×
Current ratio2.5×+1.6×

Where this comes from

Reported directly by Harrow in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The source filing: Harrow’s 10-Q, filed May 11, 2026.

Filed
May 11, 2026, 4:31 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001493152-26-022254
Line itemBrandedCompoundingConsolidated
Gross profit19,750,0007,295,00027,045,000
Operating expenses
Selling, general and administrative25,759,0006,742,00032,501,000
Research and development5,621,000210,0005,831,000
Segment contribution$(11,630,000)$343,000(11,287,000)
Corporate--10,729,000
Research and development64,000
Loss from operations$(22,080,000)

Item 1. Financial Statements (unaudited) Item

FAQ

What is Harrow's compounding — research and development expense?
Harrow (HROW) reported compounding — research and development expense of $210K in Q1 2026.
How has Harrow's compounding — research and development expense changed year-over-year?
Harrow's compounding — research and development expense decreased by 6.3% year-over-year, from $224K to $210K.
What does compounding — research and development expense mean?
This metric tracks the expenditures dedicated to the discovery, formulation, and clinical evaluation of new or improved compounded ophthalmic products. It represents the company's commitment to innovation and long-term product pipeline development within the compounding segment. High levels of investment here are typically indicative of a strategy focused on future market expansion and competitive differentiation.

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