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Harrow HROW Imprimis Rx — Operating Income

Other segment segments

Branded
-$11.63M-278%
Compounding
$343K-93.1%

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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:OperatingIncomeLoss.

The source filing: Harrow’s 10-K, filed March 2, 2026.

Filed
Mar 2, 2026, 4:31 PM EST
Fiscal year
FY2025
Accession
0001493152-26-008562
Line itemBrandedImprimis RxConsolidated
Gross profit158,526,00045,843,000204,369,000
Operating expenses:
Selling, general and administrative86,324,00029,373,000115,697,000
Research and development18,667,0001,346,00020,013,000
Segment contribution$53,535,000$15,124,00068,659,000
Corporate37,217,000
Research and development927,000
Income from operations$30,515,000

Item 15. Exhibits, Financial Statement Schedules ITEM

FAQ

What is Harrow's imprimis rx — operating income?
Harrow (HROW) reported imprimis rx — operating income of $3.78M in Q4 2025.
How has Harrow's imprimis rx — operating income changed year-over-year?
Harrow's imprimis rx — operating income decreased by 52.6% year-over-year, from $7.98M to $3.78M.
What is the long-term trend for Harrow's imprimis rx — operating income?
Over 2 years (2023 to 2025), Harrow's imprimis rx — operating income has grown at a -18.5% compound annual growth rate (CAGR), from $22.78M to $15.12M.
What does imprimis rx — operating income mean?
Represents the profit or loss generated by a business segment after deducting all operating expenses, including COGS, SG&A, and R&D, from its revenue. It is a key measure of the segment's operational health and its ability to generate sustainable earnings. This metric excludes interest, taxes, and non-operating items to isolate core business performance.

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