Filing Flows › Harrow (HROW) › Q2 2025
Harrow (HROW) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 11, 2025
Harrow (HROW) reported revenue of $63.7M for the second quarter 2025 (Q2 2025), +30% from a year earlier and +33% from the quarter before. Operating margin was 17.9%, net earnings $5.0M (7.8% of revenue).
Harrow, Q2 2025: revenue $63.7M (+30% year over year), operating margin 17.9%, net earnings $5.0M, operating cash flow −$803K. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $63.7M | +33% | +30% |
| Gross profit | $47.5M | +47% | +31% |
| Operating profit | $11.4M | — | +646% |
| Net earnings | $5.0M | — | — |
| Operating cash flow | −$803K | -104% | — |
What changed
Revenue was $63.7M in Q2 2025, up 30% year over year and up 33% from the previous quarter. Product Sales Net was the largest line at 100% of revenue. Product Sales Net added $14.8M year over year (up 30%), 100% of the total change.
Gross margin was 74.5%, up 0.2 points from a year earlier. Operating profit was $11.4M, a 17.9% margin (up 14.8 points year over year). Of the extra revenue versus a year earlier, 67% reached operating profit, above the 3% margin then. Operating expenses grew 4% against revenue growth of 30%. Net earnings were $5.0M. The effective tax rate was 0.0%.
Operating cash flow was −$803K. Non-cash charges added back $347K of depreciation and amortization and $875K of share-based compensation. Working capital and other items used $7.0M. Capital expenditures of $166K exceeded it, leaving free cash flow of −$1.0M.
Questions
What was Harrow's revenue in the second quarter 2025?
Harrow (HROW) reported revenue of $63.7M for the second quarter 2025 (Q2 2025), +30% from a year earlier and +33% from the quarter before.
Was Harrow profitable in the second quarter 2025?
Operating profit was $11.4M (17.9% of revenue) and net earnings $5.0M.
Source: Harrow 10-Q on SEC EDGAR.