Harrow, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $272.3M | $199.6M | $130.2M | $88.6M | $72.5M | $48.9M | $51.2M | $41.4M |
| Cost of Revenue | $67.9M | $49.2M | $39.6M | $25.4M | $18.2M | $14.5M | $16.7M | $16.5M |
| Gross Profit | $204.4M | $150.4M | $90.6M | $63.2M | $54.3M | $34.4M | $34.4M | $24.9M |
| Gross Margin | 75.1% | 75.3% | 69.6% | 71.3% | 74.9% | 70.4% | 67.3% | 60.1% |
| Operating Expenses | ||||||||
| Research & Development | $20.9M | $12.2M | $6.7M | $3.1M | $11.1M | $2.4M | $2.1M | $825.0K |
| SG&A Expense | $152.9M | $129.1M | $83.1M | $58.2M | $41.3M | $31.2M | $33.1M | $29.2M |
| Operating Income | $30.5M | $8.8M | $431.0K | $1.9M | $1.6M | $385.0K | $-4.8M | $-5.2M |
| Operating Margin | 11.2% | 4.4% | 0.3% | 2.2% | 2.2% | 0.8% | -9.4% | -12.6% |
| Interest Expense | — | — | $21.3M | $7.2M | $5.4M | — | — | — |
| Pretax Income | $-1.4M | $-17.3M | $-23.7M | $-14.0M | $-17.9M | $-3.4M | $-117.0K | $14.6M |
| Income Tax Expense | $3.8M | $161.0K | $701.0K | $75.0K | $133.0K | $4.0K | $8.0K | — |
| Net Income | $-5.1M | $-17.5M | $-24.4M | $-14.1M | $-18.0M | $-3.4M | $168.0K | $14.6M |
| Net Margin | -1.9% | -8.8% | -18.7% | -15.9% | -24.8% | -6.9% | 0.3% | 35.3% |
| EPS (Basic) | $-0.14 | $-0.49 | $-0.75 | $-0.51 | $-0.69 | $-0.13 | $0.01 | $0.67 |
| EPS (Diluted) | $-0.14 | $-0.49 | $-0.75 | $-0.51 | $-0.69 | $-0.13 | $0.01 | $0.61 |
| Shares Outstanding (Basic) | 36.8M | 35.7M | 32.6M | 27.5M | 26.8M | 25.9M | 25.3M | 21.9M |
| Shares Outstanding (Diluted) | 36.8M | 35.7M | 32.6M | 27.5M | 26.8M | 25.9M | 26.5M | 23.8M |
| Dividends Per Share | — | — | — | — | — | — | — | — |