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Harrow, Inc.

NASDAQ•HROW
CEO: Mr. Mark L. Baum J.D.
Sector: Healthcare
Industry: Drug Manufacturers - Specialty & Generic
Listing Date: 2007-09-28
Harrow, Inc., an eyecare pharmaceutical company, engages in the discovery, development, and commercialization of ophthalmic pharmaceutical products. 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; MAXITROL eye drops; ILEVRO and NEVANAC, a non-steroidal and anti-inflammatory eye drop for pain and inflammation associated with cataract surgery; VIGAMOX, a fluoroquinolone antibiotic eye drop for the treatment of bacterial conjunctivitis; 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. Further, the company has collaboration with Asembia to enhance provider and patient experience through nationwide digital services and hub support for harrow's branded eyecare products. 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.
Contact Information
102 Woodmont Boulevard, Suite 610, Nashville, TN, 37205, United States
615-733-4730
www.harrow.com
Market Cap
$1.42B
P/E (TTM)
-94.7
13.9
Dividend Yield
--
52W High
$54.85
52W Low
$24.50
52W Range
45%
Rank55Top 80.0%
2.6
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 2.6 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q1 2026 Data

Revenue

$44.20M+0.00%
4-Quarter Trend

EPS

-$0.74+0.00%
4-Quarter Trend

FCF

-$9.19M+0.00%
4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Total Revenue Increased Significantly Total revenues hit $272.30M, showing $72.7M growth, primarily fueled by strong branded product sales performance.
Branded Sales Drive Performance Branded revenue surged $79.6M to $195.8M, driven by increased IHEEZO and VEVYE unit sales post-marketing efforts.
Melt Acquisition Integration Complete Closed Melt acquisition in 2025, integrating MELT-300 asset; contingent payments up to $87.2M tied to approval milestones.
Improved Cash Position Maintained Cash and equivalents increased to $72.9M by year-end 2025, supporting planned operations and capital expenditures for 2026.

Risk Factors

Third-Party Manufacturing Reliance Heavy dependence on third parties for manufacturing and clinical trials creates supply chain vulnerability and execution risk.
Regulatory and Reimbursement Pressures Profitability remains sensitive to government pricing policies, reimbursement changes, and potential adverse regulatory actions.
Cybersecurity Incident Exposure IT systems face material risk from cyberattacks; prior unauthorized access diverted company funds, increasing security costs.
Compounding Business State Restrictions ImprimisRx surrendered California licenses in early 2026, restricting sales ability in that state; further state actions pose risk.

Outlook

Advancing MELT-300 Regulatory Path Expecting MELT-300 NDA submission in first half 2027, targeting commercial launch in the second half of 2028.
New Branded Product Launches Commercial launches planned for BYOOVIZ and BYQLOVI in mid-2026, expanding portfolio offerings in key indications.
Expanding Commercial Sales Force Recruiting efforts underway to expand VEVYE commercial sales team from 50 to 100 U.S. territories throughout 2026.
Debt Structure Refinanced Successfully issued $250M 2030 Notes, repaying all prior outstanding debt obligations while maintaining covenant compliance.

Peer Comparison

Revenue (TTM)

CLOV stock ticker logoCLOV
$2.21B
+48.4%
PAHC stock ticker logoPAHC
$1.50B
+26.0%
TLRY stock ticker logoTLRY
$1.18B
+3.1%

Gross Margin (Latest Quarter)

AVDL stock ticker logoAVDL
103.9%
+16.2pp
AUPH stock ticker logoAUPH
91.6%
-2.7pp
DVAX stock ticker logoDVAX
84.8%
+1.0pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
AVDL$2.12B-7558.7-0.3%18.7%
TRVI$2.11B-47.5-24.5%0.4%
NVCR$2.10B-11.9-50.8%29.8%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-11.5%
Growth Under Pressure
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
50%
Cash Flow Needs Attention

Deep Research

Next earnings:May 14, 2026
|
EPS:-$0.35
|
Revenue:$52.43M
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement
LTM
No Data