Filing Flows › Harrow (HROW) › Q1 2026
Harrow (HROW) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 11, 2026
Harrow (HROW) reported revenue of $44.2M for the first quarter 2026 (Q1 2026), -8% from a year earlier and -50% from the quarter before. Operating margin was -50.0%, net loss $27.6M (62.4% of revenue).
Harrow, Q1 2026: revenue $44.2M (-8% year over year), operating margin -50.0%, net loss $27.6M, operating cash flow −$9.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $44.2M | -50% | -8% |
| Operating profit | −$22.1M | -242% | — |
| Net earnings | −$27.6M | -517% | — |
| Operating cash flow | −$9.0M | -207% | -146% |
What changed
Revenue was $44.2M in Q1 2026, down 8% year over year and down 50% from the previous quarter. Product Sales Net was the largest line at 100% of revenue. Product Sales Net lost $3.6M year over year (down 8%), 100% of the total change.
Gross margin was 61.2%, down 6.4 points from Q1 2025. Operating costs exceeded revenue by $22.1M, an operating margin of -50.0%. Operating expenses grew 13% against a revenue fall of 8%. The fastest-growing cost line was Research & development (+95%). The quarter ended with a net loss of $27.6M, after a profit of $6.6M the previous quarter.
Operating cash flow was −$9.0M. Non-cash charges added back $455K of depreciation and amortization and $3.8M of share-based compensation. Working capital and other items added $14.3M. Capital expenditures of $194K exceeded it, leaving free cash flow of −$9.2M.
Questions
What was Harrow's revenue in the first quarter 2026?
Harrow (HROW) reported revenue of $44.2M for the first quarter 2026 (Q1 2026), -8% from a year earlier and -50% from the quarter before.
Was Harrow profitable in the first quarter 2026?
Operating loss was $22.1M (-50.0% of revenue) and net loss $27.6M.
Source: Harrow 10-Q on SEC EDGAR.