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HROWHarrow Health, Inc.
$33.60$1.3B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
HROW logo

Harrow Health, Inc.

HROW
NASDAQ · Specialty & Generic Pharma
$33.60
At close - Sep 23, 4:00 PM EDT - USD
Market Cap$1.25B
P/E-240.0x
52W High$54.85
Volume347.96K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Leverage Spike Threatens Post-Peak Commercial Momentum

Harrow Health's Q4 2025 inflection point, marked by $89.1M revenue and $24.0M operating income, has reversed sharply into Q2 2026 losses as SG&A surged to $53.3M (75% of revenue) and revenue fell to $70.7M, revealing negative operating leverage. The company's ...

GrowthMixed
ProfitabilityStrained
ValuationExpensive
TechnicalsWeak
Explore valuation models
MARKET ACTION

HROW price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

3/12 Beats

EPS beat 3 of last 12 quarters

02

Valuation risk

-919% Peers

P/E is 919% below peer median

03

Market leadership

RS 24 · Lag

Laggard (Underperforming 76% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystConfirmed earnings · Nov 9

Market performance

Price History →

Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
HROW-32.68%
S&P 500 (^GSPC)+12.39%
1-Year Return
HROW-31.22%
S&P 500 (^GSPC)+15.77%
3-Year Return
HROW+127.03%
S&P 500 (^GSPC)+63.16%
5-Year Return
HROW+241.46%
S&P 500 (^GSPC)+65.16%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E
-240.0x
Forward P/E
N/A
EV/EBITDA0th %ile
24.9x
FCF YieldCash Flow
3.4%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
-240.0x
N/A
N/A
EV/EBITDA
24.9x
63.0x
0th· Low
Price/FCF
29.3x
42.1x
0th· Low
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$2.61-92.2%
Base (Fair)$48.61+46.9%
Bull$11.56-65.6%
$2.61 Bear$48.61 Base$11.56 Bull
Current Market Price: $33.60
Trades at a 30.9% discount to Base DCF ($48.61)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$272M+36.4% YoY
Net income
-$5M+70.6% YoY
Free cash flow
$43M+170.2% YoY
Operating margin
14.2%+9.8 pts YoY
ROIC (TTM)12%
Avg ROIC 5Y-
ROE (TTM)-8.5%
Piotroski Score5 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate3/12 (25%)
Revenue Beat Rate3/12 (25%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 10, 2026
-$0.46-157.3%
vs -$0.18
$71M+0.4%
vs $70M
Q2 2026
May 11, 2026
-$0.74-72.1%
vs -$0.43
$44M-15.7%
vs $52M
Q2 2026
Mar 2, 2026
$0.18-55.0%
vs $0.40
$89M-1.0%
vs $90M
Q4 2025
Nov 10, 2025
$0.03-86.4%
vs $0.22
$72M-2.8%
vs $74M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
GlobeNewsWire·Sep 1, 2026
Harrow to Participate in Three Investor Conferences in September

NASHVILLE, Tenn., Sept. 01, 2026 (GLOBE NEWSWIRE) -- Harrow (Nasdaq: HROW), a leading provider of ophthalmic disease management solutions in North America, today announced that management will participate in the following three investor conferences in September in New York, NY: 2026 Cantor Global Healthcare Conference Format: Fireside chat + 1x1 investor meetings Date/Time: Wednesday, September 9, 2026, at 1:35 p.m.

Benzinga·Aug 21, 2026
Harrow's Iheezo Cuts Eye-Injection Discomfort by More Than Half

Ophthalmic disease management company Harrow Inc. (NASDAQ:HROW) on Thursday shared outcomes from a prospective, randomized, contralateral-eye clinical study.

GlobeNewsWire·Aug 20, 2026
Harrow Announces IHEEZO® Data in Patient-Reported Discomfort Following Intravitreal Injections

Patients reported approximately 58% less discomfort overall in the IHEEZO-treated eye, with the largest absolute differences in the immediate post-injection period, when discomfort is highest Patients reported approximately 58% less discomfort overall in the IHEEZO-treated eye, with the largest absolute differences in the immediate post-injection period, when discomfort is highest

Seeking Alpha·Aug 11, 2026
Harrow, Inc. (HROW) Q2 2026 Earnings Call Transcript

Harrow, Inc. (HROW) Q2 2026 Earnings Call Transcript

Filtered for Harrow Health, Inc.More Headlines
04

Compare before deciding

Benchmark HROW against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Harrow Health, Inc. (HROW)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
HROW logoHROWHarrow Health, Inc.Current
$33.60$1.25B-240.0036.41%-1.89%-8.47%—
PAHC logoPAHCPhibro Animal Health Corporation
$34.10$1.38B28.6627.37%6.57%28.67%—
IMVT logoIMVTImmunovant, Inc.
$34.54$7.13B-12.47—-7585.86%-69.59%—
NUVL logoNUVLNuvalent, Inc.
$123.96$9.13B-21.19——-42.78%—
SGHT logoSGHTSight Sciences, Inc.
$8.50$462.48M-11.49-3.13%-35.69%-50.64%—
ICUI logoICUIICU Medical, Inc.
$163.32$4.08B5555.10-6.38%1.39%1.41%—

Compare HROW vs Peers

Harrow Health, Inc. (HROW) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs PAHC

Most directly comparable listed peer for HROW.

Scale Benchmark

vs MCK

Larger-name benchmark to compare HROW against a more recognizable public peer.

Peer Set

Compare Top 5

vs PAHC, IMVT, NUVL, SGHT

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

HROW SEC Filings & Documents

Harrow Health, Inc. (HROW) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 10, 2026·SEC

Material company update

Aug 6, 2026·SEC

Material company update

Jun 22, 2026·SEC

10-K Annual Reports

2
FY 2026

Mar 2, 2026·SEC

FY 2025

Mar 27, 2025·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 10, 2026·SEC

FY 2026

May 11, 2026·SEC

FY 2025

Nov 10, 2025·SEC

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HROW Frequently Asked Questions

Harrow Health, Inc. (HROW) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Harrow Health, Inc.'s revenue?

Harrow Health, Inc. (HROW) reported $275.6M in revenue for fiscal year 2025.

How fast is Harrow Health, Inc. growing?

Harrow Health, Inc. (HROW) grew revenue by 36.4% over the past year. This is strong growth.

Is HROW profitable?

Harrow Health, Inc. (HROW) reported a net loss of $37.2M for fiscal year 2025.

Dividend & Returns
What is HROW's return on equity?

Harrow Health, Inc. (HROW) has a return on equity (ROE) of -8.5%. Negative ROE indicates the company is unprofitable.

What is Harrow Health, Inc.'s free cash flow?

Harrow Health, Inc. (HROW) generated $5.7M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in HROW back in 2006?

Total return calculator · dividends reinvested · 20+ years of data

See returns →