Harrow, Inc. HROW R2K
Harrow, Inc., an eyecare pharmaceutical company, engages in the discovery, development, and commercialization of ophthalmic pharmaceutical products in the United States. It operates through Branded and ImprimisRx segments. The company offers ImprimisRx, an ophthalmology-focused compounded medications. It also provides IHEEZO, a chloroprocaine hydrochloride ophthalmic gel; ophthalmic solutions, including IOPIDINE, VEVYE, and ZERVIATE, as well as BYQLOVI; MAXITROL eye drops; ILEVRO and NEVANAC, a non-steroidal and anti-inflammatory eye drop for pain and inflammation associated with cataract surgery; BYOOVIZ, a LUCENTIS biosimilar indicated for the treatment of patients with Neovascular (Wet) age-related macular degeneration (AMD), macular edema following retinal vein occlusion (RVO), and myopic choroidal neovascularization (mCNV); VIGAMOX, a fluoroquinolone antibiotic eye drop for the treatment of bacterial conjunctivitis; OPUVIZ, an EYLEA biosimilar indicated for the treatment of patients with Wet AMD, macular edema following RVO, diabetic macular edema (DME), and diabetic retinopathy (DR); MAXIDEX and FLAREX, a steroid eye drop for steroid-responsive inflammatory conditions of the palpebral and bulbar conjunctiva, cornea, and anterior segment of the globe and the eye; TRIESENCE, a steroid injection for the treatment of ophthalmic diseases and for visualization during vitrectomy; and NATACYN, a sterile, antifungal drug for the treatment of fungal blepharitis, conjunctivitis, and keratitis. In addition, it offers TOBRADEX ST, a tobramycin and dexamethasone ophthalmic suspension; VERKAZIA cyclosporine ophthalmic emulsion; NEVANAC, a non-steroidal, anti-inflammatory eye drop; and FRESHKOTE preservative free (PF) is a lubricant eye drop. The company was formerly known as Harrow Health, Inc. and changed its name to Harrow, Inc. in September 2023. Harrow, Inc. was founded in 1998 and is headquartered in Nashville, Tennessee.
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Valuation
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Growth (CAGR)
PROS
- Compounding revenue at 45.4% over 5 years.
- Profit CAGR of 21.2% over 5 years.
CONS
- Trading 35.8% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Healthcare).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | HROW Harrow, Inc. R2K | 35.21 | - | $1.31B | - | 7.52% | -35.43% | 45.39% | 21.17% |
| 2 | LLY Eli Lilly and Company SPX | 1,105.00 | 39.21 | $985.37B | 0.63% | 38.44% | 107.46% | 31.69% | 48.96% |
| 3 | JNJ Johnson & Johnson SPX | 225.33 | 26.11 | $542.42B | 2.38% | 23.13% | 26.42% | 5.60% | 14.32% |
| 4 | UNH UnitedHealth Group Incorporated SPX | 380.31 | 28.66 | $345.38B | 2.32% | 9.60% | 12.18% | 11.35% | -15.69% |
| 5 | MRK Merck & Co., Inc. SPX | 118.72 | 33.44 | $293.22B | 2.86% | 20.66% | 18.94% | 3.12% | 7.93% |
| 6 | TMO Thermo Fisher Scientific Inc. SPX | 492.51 | 27.11 | $183.03B | 0.38% | 9.17% | 13.52% | -0.27% | -1.19% |
| 7 | AMGN Amgen Inc. NDXSPX | 336.79 | 23.42 | $181.77B | 2.99% | 18.02% | 101.32% | 11.77% | 5.58% |
| 8 | GILD Gilead Sciences, Inc. NDXSPX | 134.43 | 18.29 | $166.90B | 2.44% | 22.92% | 43.36% | 2.57% | 22.83% |
| 9 | ISRG Intuitive Surgical, Inc. NDXSPXAI | 424.64 | 51.53 | $150.39B | - | 15.96% | 17.23% | 17.39% | 29.26% |
Quarterly Results
Figures in USD.
| Metric | Sep 2013 | Mar 2014 | Jun 2014 | Sep 2014 | Mar 2015 | Jun 2015 | Sep 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | 6.48M | 8.87M | 10.38M | 10.74M | 12.29M | 13.52M | 12.76M | 11.82M | 8.06M | 14.40M | 15.44M | 18.13M | 18.71M | 22.12M | 23.32M | 22.82M | 26.10M | 33.47M | 34.27M | 34.59M | 48.94M | - | - | 47.83M | 63.74M | 71.64M | 89.09M | 44.20M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 15.52M | 16.23M | 17.71M | 18.47M | 17.16M |
| Gross Profit | 2.50K | 2.00K | 191.00K | 202.00K | 556.00K | 917.00K | 1.48M | 2.13M | 2.73M | 2.52M | 2.74M | 3.57M | 3.08M | 4.79M | 6.23M | 6.55M | 8.39M | 8.29M | 8.69M | 8.19M | 4.86M | 10.70M | 11.67M | 13.72M | 13.76M | 16.16M | 16.79M | 16.10M | 17.83M | 23.47M | 24.20M | 24.03M | 36.40M | - | - | 32.31M | 47.51M | 53.93M | 70.62M | 27.05M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 43.54M | 36.10M | 39.18M | 55.03M | 49.12M |
| Operating Income | -2.09M | -2.33M | -2.60M | -2.46M | -3.12M | -3.48M | -3.53M | -3.75M | -4.01M | -4.61M | -4.23M | -3.02M | -2.76M | -1.78M | -624.00K | -649.00K | -556.00K | -767.00K | -4.40M | -628.00K | -3.21M | 1.60M | 2.92M | 4.17M | -3.72M | 2.10M | 1.69M | -94.00K | 1.21M | 2.35M | 1.74M | -6.93M | 1.53M | - | - | -11.23M | 11.41M | 14.75M | 15.59M | -22.08M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -6.32M | 16.31M | 11.96M | 20.55M | -16.30M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 6.55M | 6.41M | 6.04M | 5.19M | 5.50M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -17.78M | 5.00M | 1.02M | 10.40M | -27.58M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -514.00K | - | 0 | 0 | 3.77M | 25.00K |
| Net Income | -2.08M | -2.33M | -2.60M | -2.45M | -3.09M | -3.73M | -3.95M | -4.50M | -4.64M | -3.85M | -5.01M | 1.48M | -5.69M | -3.51M | 2.52M | -2.51M | 11.36M | -2.38M | -11.47M | -12.91M | -237.00K | 8.64M | 217.00K | -2.48M | -8.33M | -2.44M | -6.24M | -6.46M | -6.64M | -4.23M | -4.39M | -13.56M | -6.47M | - | - | -17.78M | 5.00M | 1.02M | 6.63M | -27.60M |
| Diluted EPS | - | - | - | - | - | - | - | - | -0.35 | - | - | 0.06 | - | -0.17 | 0.11 | - | 0.43 | -0.09 | -0.45 | -0.50 | -0.01 | 0.32 | 0.01 | - | -0.31 | -0.09 | -0.23 | -0.24 | -0.22 | -0.14 | -0.13 | -0.38 | -0.18 | - | - | -0.50 | 0.13 | 0.03 | 0.17 | -0.74 |
| R&D Expense | 469.48K | 60.00K | 36.00K | 70.00K | 181.00K | 25.00K | 93.00K | 46.00K | 76.00K | 16.00K | 160.00K | 101.00K | 63.00K | 87.00K | 72.00K | 233.00K | 405.00K | 810.00K | 444.00K | 403.00K | 749.00K | 670.00K | 592.00K | 425.00K | 6.12M | 658.00K | 914.00K | 775.00K | 734.00K | 1.16M | 1.42M | 2.15M | 3.05M | 2.27M | - | 3.03M | 2.87M | 3.32M | - | 5.89M |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 1999 | Dec 2000 | Dec 2001 | Dec 2002 | Dec 2003 | Dec 2004 | Dec 2005 | Dec 2006 | Dec 2007 | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 26.77M | 41.37M | 51.16M | 48.87M | - | 88.59M | 130.19M | 199.61M | 272.30M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 25.38M | 39.64M | 49.24M | 67.93M |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 10.00K | 567.00K | 4.51M | 10.11M | 13.27M | 24.85M | 34.42M | 34.41M | - | 63.21M | 90.55M | 150.37M | 204.37M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 61.29M | 89.74M | 141.29M | 173.85M |
| Operating Income | - | - | - | - | - | - | - | - | - | - | - | -2.50M | -939.23K | -4.18M | -7.69M | -10.15M | -14.82M | -15.88M | -12.16M | -5.22M | -4.79M | 385.00K | - | 1.92M | 811.00K | 9.07M | 30.52M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -3.10M | 9.95M | 20.00M | 42.49M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 7.24M | 21.32M | 22.79M | 24.18M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -14.01M | -23.71M | -17.32M | -1.37M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 75.00K | 701.00K | 161.00K | 3.77M |
| Net Income | -204.00K | -213.09K | -208.42K | -228.22K | -207.20K | -508.23K | -539.62K | -584.23K | -4.28M | -3.30M | -4.55M | -2.53M | -953.94K | -5.38M | -7.64M | -10.12M | -15.90M | -19.09M | -11.98M | 14.62M | 168.00K | -3.36M | - | -14.09M | -24.41M | -17.48M | -5.14M |
| Diluted EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -0.60 | 0.61 | 0.01 | -0.13 | - | -0.51 | -0.75 | -0.49 | -0.14 |
| R&D Expense | - | - | - | - | - | - | - | - | - | - | - | 194.59K | 111.55K | 1.30M | 1.62M | 237.00K | 332.00K | 739.00K | 413.00K | 825.00K | 2.08M | 2.41M | 11.08M | 3.05M | 6.65M | 12.23M | 20.94M |
Compounded Sales Growth
| 5 Years: | 45.39% |
| 1 Year: | -7.60% |
Compounded Profit Growth
| 5 Years: | 21.17% |
| 1 Year: | - |
Stock Price Performance
| 1 Year: | +25.26% |
| 6 Months: | -14.16% |
| 3 Months: | -35.01% |
| 1 Month: | -12.50% |
Balance Sheet (Annual)
Figures in USD.
| Metric | Jun 1998 | Dec 1998 | Dec 1999 | Dec 2000 | Dec 2001 | Dec 2002 | Dec 2003 | Dec 2004 | Dec 2005 | Dec 2006 | Dec 2007 | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | 352.29K | 160.96K | 10.71M | 15.76M | 10.24M | 14.13M | 27.25M | 23.92M | 49.45M | 59.09M | 57.47M | - | 157.38M | 312.16M | 388.97M | 399.48M |
| Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 118.26M | 139.48M | 189.65M | 211.75M |
| Cash & Equivalents | - | - | - | - | - | - | - | - | - | - | - | - | 1.59M | 291.46K | 146.16K | 10.04M | 15.58M | 8.21M | 2.69M | 8.85M | 4.02M | - | 4.75M | 4.10M | - | 96.27M | 74.08M | 47.25M | 72.93M |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 6.54M | 10.87M | 10.70M | 13.52M |
| Receivables | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 6.25M | 36.26M | 116.37M | 110.89M |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.39M | 1.86M | - | 650.63K | 2.09M | 15.52M | 20.82M | 21.30M | 24.70M | 31.67M | 30.65M | - | 130.14M | 241.75M | 319.67M | 347.39M |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | 335.04K | 1.86M | 709.56K | 650.63K | 1.56M | 5.37M | 9.90M | 5.77M | 11.90M | 12.28M | 10.80M | - | 18.63M | 49.34M | 91.34M | 96.30M |
| Long Term Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 23.46M | 23.46M | - | 20.00M | - | 104.17M | 185.88M | 219.54M | 243.18M |
| Total Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 112.23M | 193.22M | 228.83M | 251.98M |
| Total Equity | 0 | 0 | -4.00K | -11.09K | -19.51K | -47.73K | -54.92K | -163.15K | -272.77K | -406.00K | 3.49M | 4.57M | 577.21K | -1.04M | -1.70M | 10.00M | 15.11M | 8.15M | -1.39M | 6.43M | 2.62M | 24.75M | 27.71M | 27.18M | - | 27.59M | 70.77M | 69.65M | 52.45M |
| Shares Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 29.90M | 35.17M | 35.62M | 37.23M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -2.30M | -291.16K | -1.90M | -4.44M | -7.06M | -11.14M | -11.21M | -8.80M | 687.00K | 950.00K | -1.10M | - | 1.71M | 3.84M | -22.20M | 43.86M |
| Investing Cash Flow | 0 | 0 | -15.49K | -70.00K | -910.00K | -5.13M | -7.29M | -961.00K | -2.20M | -1.83M | -981.00K | - | -1.74M | -152.55M | -33.16M | -5.46M |
| Financing Cash Flow | 1.00M | 145.86K | 11.81M | 10.05M | 599.00K | 10.75M | 24.67M | 4.93M | 4.13M | -1.01M | 1.43M | - | 54.14M | 126.53M | 28.53M | -12.72M |
| Capital Expenditure | -0 | -0 | -15.49K | -20.00K | -174.00K | 995.00K | -6.89M | -772.00K | -1.77M | -1.47M | -862.00K | - | -7.77M | -152.55M | -38.67M | -1.10M |
| Free Cash Flow | -2.30M | -291.16K | -1.92M | -4.46M | -7.23M | -10.15M | -18.10M | -9.57M | -1.08M | -518.00K | -1.96M | - | -6.07M | -148.71M | -60.88M | 42.76M |
| Net Change in Cash | - | - | - | - | - | - | - | - | - | - | - | - | 54.10M | -22.18M | -26.84M | 25.68M |
| Share Buybacks | - | - | - | 191 | -13.00K | - | - | - | - | - | - | - | - | - | - | - |
Ratios (Annual)
Figures in %.
| Metric | Dec 1999 | Dec 2000 | Dec 2001 | Dec 2002 | Dec 2003 | Dec 2004 | Dec 2005 | Dec 2006 | Dec 2007 | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 49.6% | 60.1% | 67.3% | 70.4% | - | 71.3% | 69.6% | 75.3% | 75.1% |
| Operating Margin % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -45.4% | -12.6% | -9.4% | 0.8% | - | 2.2% | 0.6% | 4.5% | 11.2% |
| Net Margin % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -44.8% | 35.3% | 0.3% | -6.9% | - | -15.9% | -18.7% | -8.8% | -1.9% |
| ROE % | 5,100.0% | 1,921.1% | 1,068.2% | 478.2% | 377.2% | 311.5% | 197.8% | 143.9% | -122.7% | -72.3% | -788.9% | 243.8% | 56.1% | -53.9% | -50.6% | -124.1% | 1,147.9% | -296.8% | -458.3% | 59.1% | 0.6% | -12.3% | - | -51.0% | -34.5% | -25.1% | -9.8% |
| ROCE % | - | - | - | - | - | - | - | - | - | - | - | -14,501.7% | 55.2% | -41.8% | -50.9% | -116.9% | -169.3% | -91.6% | -67.0% | -13.9% | -10.2% | 0.8% | - | 1.4% | 0.3% | 3.0% | 10.1% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Opaleye Management Inc. | 7.60% | 2.83M | $99.72M |
| 2 | Blackrock Inc. | 6.85% | 2.55M | $89.88M |
| 3 | Private Capital Management, LLC | 4.19% | 1.56M | $55.00M |
| 4 | Vanguard Capital Management LLC | 3.76% | 1.40M | $49.40M |
| 5 | Luxor Capital Group, LP | 3.00% | 1.12M | $39.41M |
| 6 | State Street Corporation | 2.29% | 855.05K | $30.11M |
| 7 | Geode Capital Management, LLC | 2.29% | 852.03K | $30.00M |
| 8 | Marshall Wace LLP | 1.73% | 644.92K | $22.71M |
| 9 | Dimensional Fund Advisors LP | 1.55% | 579.52K | $20.40M |
| 10 | Ikarian Capital, LLC | 1.46% | 543.05K | $19.12M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for HROW