HROW · NASDAQ · Drug Manufacturers - Specialty & Generic

Harrow

Commercializes branded eye medicines and ImprimisRx compounding for US ophthalmology.

$37.77
After-hours close+0.48 (+1.29%)
At close$37.29(−3.24%)
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Profile

Harrow Health, Inc.HROWHealth Care

Sells FDA-approved ophthalmic products and runs ImprimisRx, an ophthalmology-focused compounding business. Revenue is centered on branded products, while growth depends on acquired and licensed rights, launch execution, reimbursement, and reliable manufacturing supply.

Commercializes FDA-approved ophthalmic products through the Branded segment, including IHEEZO, VEVYE, TRIESENCE and other specialty eye medicines, and operates ImprimisRx for ophthalmology-focused compounding.

The portfolio is concentrated in the United States, with selected Canadian rights and global rights to Melt assets. Expansion has come through product-rights acquisitions, licenses, and internal work rather than a broad therapeutic footprint.

Execution centers on eyecare commercial channels, supply restoration for acquired products, and preparation for biosimilar and pipeline launches. The business depends on physician adoption, reimbursement, manufacturing quality, supply-chain reliability, and regulatory compliance for labeled promotion and compounded formulations.

Company facts

CEOMark L. Baum
ListedFeb 8, 2013
ExchangeNASDAQ
HeadquartersNashville, TN
CountryUnited States
Employees373
CIK0001360214
ISINUS4158581094

Key statistics

Market cap$1.39B
EPS (ttm)−$0.9938
P/E (ttm)−37.50
ROE-103.9%
P/B91.58
P/S5.04
Dividend yield
Beta1.49vs XLV 0.45

Year to date −25.3% · Average volume (30d) 553.6K

Analysts

Price target, next 12 months$70.00+87.8%Median of 10 analysts · vs the Aug 28 close
ConsensusBuy10 of 10 analysts rate it buy or better

Ratings

Target range

Latest analyst notes

DateFirmActionRatingPrior targetTarget
May 13, 2026Cantor FitzgeraldReiterateOverweight$94$88
Mar 18, 2026BTIGReiterateBuy$63
Mar 4, 2026H.C. WainwrightTarget$64$70
Nov 11, 2025Cantor FitzgeraldTarget$76$94
Sep 29, 2025Lake StreetReiterateBuy$55$70

Earnings

EPS

Estimate$0.16
ReportedDue Nov 9, 2026

Revenue

Estimate$98.7M
ReportedDue Nov 9, 2026

History

Report dateEPS estEPSSurpriseRevenue estRevenueSurpriseNext session
Aug 10, 2026Q2 FY26−$0.18−$0.46−157.3%$70.4M$70.7M+0.4%−3.14%
May 11, 2026Q1 FY26−$0.43−$0.63−46.5%$52.4M$44.2M−15.7%−23.69%
Mar 2, 2026Q4 FY25$0.40$0.26−35.0%$90.0M$89.1M−1.0%−27.97%
Nov 10, 2025Q3 FY25$0.22$0.33+50.0%$88.0M$71.6M−18.6%+13.47%
View details

Financial highlights

12 quartersQ1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$47.8M$63.7M$71.6M$89.1M$44.2M$70.7M
Gross profit$32.3M$47.5M$53.9M$70.6M$27.0M$50.4M
Operating income−$11.2M$11.4M$14.7M$24.0M−$22.1M−$11.0M
Net income−$17.8M$5.0M$1.0M$6.6M−$27.6M−$17.3M
Diluted EPS−$0.50$0.13$0.03$0.18−$0.74−$0.46
Gross margin67.5%74.5%75.3%79.3%61.2%71.3%
Operating margin-23.5%17.9%20.6%27.0%-50.0%-15.6%

Fiscal years (4-quarter sums)FY21 $72.5M · FY22 $88.6M · FY23 $130.2M · FY24 $199.6M · FY25 $272.3M

Revenue by product · Q2 FY26

Product Sales Net$70.6M · 100%
Other Revenues$90.0K · 0%

Balance sheet, Jun 30, 2026Cash & short-term investments $83.9M · Total debt $300.7M · Total assets $416.8M · Shareholders' equity $15.2M

Dividends

No dividends on record.

Ownership

Institutions 62.65%23.35M sharesInsiders 11.48%4.28M sharesOther 25.87%9.64M shares

Shares outstanding 37.28M · Float 28.72M · 77.0% free float

Top shareholders13F · 13D/G · Form 4

HolderShares% outstandingFormFiled
Mark L. Baum · director, officer: CHIEF EXECUTIVE OFFICER3.00M8.04%Form 4May 15, 2026
BlackRock, Inc.2.74M7.35%13FAug 7, 2026
Opaleye Management Inc.2.40M6.44%13FAug 14, 2026
Daniel Kaufman1.88M5.04%13GMar 11, 2026
Private Capital Management, LLC1.60M4.29%13FAug 14, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Aug 14, 2026Amir Shojaeiofficer: CHIEF SCIENTIFIC OFFICER−11,250$40.00
May 18, 2026Lauren P. Silvernaildirector+1,000$31.00
May 18, 2026Adrienne L. Gravesdirector+1,000$31.07
May 14, 2026Andrew R. Bollofficer: PRESIDENT AND CFO+3,500$29.90
May 14, 2026Mark L. Baumdirector, officer: CHIEF EXECUTIVE OFFICER+10,000$30.20
View details

Peers

  • Bausch + Lomb

    Dry-eye and broad ophthalmic portfolio overlap

  • AbbVie

    Allergan eye-care brands in dry eye, retina, and glaucoma

  • Alcon

    Dry-eye products and surgical-suite influence

  • Regeneron

    EYLEA franchise anchors anti-VEGF retina competition

  • Viatris

    TYRVAYA adds dry-eye and ophthalmology-franchise pressure

  • Ocular Therapeutix

    Post-surgical steroid and retina pipeline overlap

CompareAfter-hours close

CompanyPriceChange
Harrow$37.77+1.29%$1.39B30.35.0+10.9%
Bausch + Lomb$17.150.00%$6.13B17.21.2+9.1%
AbbVie$255.80+0.13%$451.38B72.016.87.0+10.2%
Alcon$72.15+0.21%$35.12B55.418.63.3+7.5%
Regeneron$793.21−0.11%$81.82B19.613.15.3+16.7%
Viatris$16.30−0.23%$19.03B6.41.3+4.9%
Ocular Therapeutix$10.45+0.87%$2.27B43.6+0.1%
Median55.416.84.3+8.3%