Harrow Announces Q4 and Full-Year 2025 Financial Results and 2026 Financial Guidance

March 2, 2026 - 23:43

Harrow has announced its financial results for the fourth quarter and full year ending 2025, showcasing a year of significant revenue growth and improved operational performance. The company also provided its initial financial outlook for the upcoming year of 2026.

The fourth quarter of 2025 was a standout period, with revenue reaching a record $89.1 million. This figure represents a substantial 33% increase compared to the $66.8 million reported in the same quarter of the prior year. For the full year, total revenue climbed to $272.3 million, marking a robust 36% growth over the $199.6 million achieved in 2024.

On the bottom line, the company reported a GAAP net income of $6.6 million for the fourth quarter. For the full year, it recorded a GAAP net loss of $5.1 million. A key measure of operational profitability, Adjusted EBITDA, was strong at $24.2 million for the quarter and $61.9 million for the full year.

A major highlight of the year was a dramatic improvement in cash generation. Harrow generated $43.9 million in operating cash flow during 2025. This is a significant positive swing from the $22.2 million used in operations during the previous year, indicating stronger financial health and operational efficiency.

Looking ahead, the company has issued its financial guidance for 2026, expressing confidence in its continued growth trajectory based on its current portfolio and commercial execution.