10x Insights
Loading account…
Companies / Health Care / Harrow, Inc.
HROW

Harrow, Inc.

Health CarePharmaceutical Preparations
Ticker HROWNASHVILLE, TNFiscal year ends DecemberBook value per share $0.41Diluted shares 37.3M

Harrow, Inc. (Nasdaq: HROW) develops, markets and sells ophthalmic medicines and provides customized compounded medications for eye-care needs. Its branded portfolio includes therapies for dry eye disease, ocular anesthesia, cataracts, inflammation, infections, retinal diseases and other eye conditions, sold primarily… From the company’s description.

Over the twelve months to Jun 30, 2026, Harrow, Inc. reported revenue of $275.59M, up 21.1% from a year earlier, and a net loss of $37.23M. Its operating margin was −1.0%, and operations generated $6.25M in cash. In fiscal 2025, it reported revenue of $272.30M, up 36.4% from fiscal 2024, and a net loss of $5.14M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$272.30MFY2025
+36.4% year over year
Last 12 mo $275.59M
11.21%FY2025
+6.8 percentage points
Last 12 mo -1.00%
$-5.14MFY2025
+70.6% year over year
Last 12 mo $-37.23M
-9.80%FY2025
+14.9 percentage points
Last 12 mo -244.91%
Cash & financing
$43.86MFY2025
+297.6% year over year
Last 12 mo $6.25M
$42.98MFY2025
+280.6% year over year
Last 12 mo $5.02M
4.64FY2025
Was 3.15× a year earlier
Last 12 mo 19.24
36.8MFY2025
+3.1% year over year
Last 12 mo 37.3M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Harrow, Inc. does

In the company’s own words

Harrow, Inc. (Nasdaq: HROW) develops, markets and sells ophthalmic medicines and provides customized compounded medications for eye-care needs. Its branded portfolio includes therapies for dry eye disease, ocular anesthesia, cataracts, inflammation, infections, retinal diseases and other eye conditions, sold primarily to U.S. eyecare professionals and healthcare institutions. Products include VEVYE, IHEEZO, TRIESENCE, ILEVRO and NATACYN; the portfolio also includes biosimilars BYOOVIZ and OPUVIZ, with commercial launches planned for 2026 and 2027, respectively. Harrow’s ImprimisRx business compounds formulations for ophthalmologists, optometrists and their patients when commercially available products may not meet clinical needs, using a 503A pharmacy and a 503B outsourcing facility in New Jersey. Its pipeline includes ophthalmic treatments and MELT-300, an orally disintegrating sedation candidate. Harrow owns the MELT-300 program following its 2025 acquisition of the remaining interests in Melt Pharmaceuticals. ImprimisRx serves more than 10,000 U.S. eyecare prescribers and institutions, and its formulary includes over 30 compounded formulations.

Company details
Sector
Health Care
Industry (SIC)
Pharmaceutical Preparations
Headquarters
NASHVILLE, TN
Fiscal year end
December
CIK
1360214
SIC
2834

Financial performance, year by year

Fiscal 2011–2025 · USD
$-68.51M$25.34M$119.18M$213.03M$306.88M201120122013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Harrow, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

157
funds hold it
0 of 35
superinvestors hold it
$295.78M
held by funds, at market
19.2%
of shares held by funds
1
bond issues held by funds

Largest fund holders · Harrow, Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.04%of fund net assets
BARON DISCOVERY FUND
BDFFX · BARON INVESTMENT FUNDS TRUST (f/k/a BARON ASSET FUND)
1.34%of fund net assets
Janus Henderson Venture Fund
JAVTX · Janus Investment Fund
0.55%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.02%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Harrow, Inc.’s bonds, as funds hold them

Funds report holding 1 issues of Harrow, Inc.’s debt, $98.79M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 8.63%, maturing 2030 to 2030.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Harrow, Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Harrow, Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Harrow, Inc.'s last four quarterly filings that the numbers alone won't show?”
See how it works →All research tools with a subscription. Use your own AI account.