Financial Statements — HROW
Balance Sheet
(in millions USD)| Metric | Q2
2026 | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 83.89 | 94.64 | 74.29 | 52.96 | 66.73 | 72.60 | 70.97 | 68.54 | 65.61 | 22.75 | 19.25 | 44.96 | 46.44 | 41.95 | 57.86 | 72.85 | 6.50 |
| Short-term Investments | -- | -- | -- | -- | -- | -- | -- | 7.43 | 8.27 | 6.92 | 7.63 | 4.16 | 5.19 | 8.64 | 9.99 | 12.21 | -- |
| Accounts Receivable | 118.56 | 101.26 | 77.60 | 78.82 | 77.06 | 53.73 | 51.99 | 28.96 | 18.47 | 18.26 | 12.11 | 6.74 | 6.76 | 6.00 | 4.16 | 3.71 | 3.25 |
| Inventory | 16.91 | 16.50 | 12.83 | 11.55 | 10.72 | 10.16 | 9.43 | 10.81 | 8.92 | 8.56 | 9.09 | 5.28 | 5.13 | 4.40 | 3.93 | 3.90 | 4.50 |
| Total Current Assets | 229.31 | 226.38 | 177.60 | 154.89 | 169.54 | 147.06 | 139.39 | 125.46 | 110.28 | 60.30 | 51.69 | 64.07 | 64.70 | 62.32 | 91.13 | 93.47 | 40.64 |
| Property, Plant & Equipment | 2.96 | 3.13 | 3.38 | 3.51 | 3.57 | 3.63 | 3.29 | 3.39 | 3.63 | 3.63 | 3.59 | 3.29 | 2.79 | 2.97 | 4.83 | 4.94 | 4.20 |
| Goodwill | 0.33 | 0.33 | 0.33 | 0.33 | 0.33 | 0.33 | 0.33 | 0.33 | 0.33 | 0.33 | 0.33 | 0.33 | 0.33 | 0.33 | 0.33 | 0.33 | 0.33 |
| Intangible Assets | 175.23 | 180.73 | 172.15 | 176.37 | 180.51 | 189.05 | 154.65 | 157.15 | 162.44 | 149.88 | 151.73 | 19.37 | 14.76 | 15.16 | 1.53 | 1.52 | 1.56 |
| Total Non-current Assets* | 187.51 | 193.16 | 185.47 | 190.14 | 194.63 | 204.48 | 167.24 | 170.08 | 175.79 | 163.69 | 165.81 | 34.92 | 33.36 | 35.28 | 11.68 | 13.49 | 15.62 |
| Total Assets | 416.82 | 419.54 | 363.07 | 345.03 | 364.16 | 351.54 | 306.63 | 295.54 | 286.07 | 223.99 | 217.50 | 98.99 | 98.06 | 97.60 | 102.80 | 106.97 | 56.25 |
| Accounts Payable | 34.06 | 30.02 | 20.16 | 25.41 | 39.16 | 25.28 | 22.26 | 15.13 | 12.77 | 17.82 | 13.79 | 14.11 | 9.20 | 6.76 | 7.34 | 5.21 | 5.18 |
| Total Current Liabilities | 102.17 | 91.44 | 65.40 | 248.88 | 186.99 | 95.01 | 53.55 | 41.75 | 19.03 | 23.01 | 17.71 | 18.37 | 12.92 | 9.18 | 10.48 | 8.14 | 10.07 |
| Long-term Debt | -- | 300.00 | 347.24 | 250.62 | 256.91 | 230.65 | 236.26 | 243.44 | 251.98 | 240.25 | 243.89 | 98.18 | 99.80 | 101.42 | 106.19 | 106.73 | 16.87 |
| Total Non-current Liabilities* | 299.80 | 299.75 | 251.01 | 46.85 | 121.08 | 198.91 | 194.90 | 193.58 | 191.63 | 178.93 | 178.26 | 79.76 | 79.75 | 78.68 | 76.09 | 75.97 | 18.31 |
| Total Liabilities | 401.97 | 391.19 | 316.41 | 295.73 | 308.07 | 293.92 | 248.45 | 235.33 | 210.66 | 201.94 | 195.97 | 98.13 | 92.67 | 87.86 | 86.57 | 84.12 | 28.38 |
| Retained Earnings | (201.40) | (184.13) | (163.15) | (164.17) | (169.16) | (158.16) | (153.94) | (147.47) | (124.76) | (120.36) | (116.14) | (110.55) | (104.08) | (97.84) | (87.99) | (79.66) | (77.18) |
| Total Stockholder Equity | 15.20 | 28.71 | 47.02 | 49.65 | 56.45 | 57.98 | 58.53 | 60.56 | 75.76 | 22.41 | 21.88 | 1.22 | 5.75 | 10.09 | 16.59 | 23.20 | 28.23 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Total Revenue | 70.66 | 44.20 | 89.09 | 71.64 | 63.74 | 47.83 | 66.83 | 49.26 | 48.94 | 34.59 | 36.35 | 34.27 | 33.47 | 26.10 | 20.33 | 22.82 | 23.32 | 22.12 | 20.19 | 18.71 |
| Cost of Revenue | 20.30 | 17.16 | 18.47 | 17.71 | 16.23 | 15.52 | 14.14 | 12.02 | 12.54 | 10.55 | 11.30 | 10.07 | 10.00 | 8.27 | 6.17 | 6.72 | 6.53 | 5.96 | 5.08 | 4.95 |
| Gross Profit | 50.36 | 27.05 | 70.62 | 53.93 | 47.51 | 32.31 | 52.70 | 37.24 | 36.40 | 24.03 | 25.05 | 24.20 | 23.47 | 17.83 | 14.16 | 16.10 | 16.79 | 16.16 | 15.11 | 13.76 |
| Research & Development | 8.07 | 5.90 | 11.72 | 3.32 | 2.87 | 3.03 | 4.76 | 2.27 | 3.05 | 2.15 | 3.34 | 1.42 | 1.16 | 0.73 | 0.70 | 0.78 | 0.91 | 0.66 | 3.94 | 6.13 |
| Selling, General & Admin | 53.30 | 43.23 | 43.31 | 35.86 | 33.24 | 40.51 | 34.79 | 33.65 | 31.82 | 28.81 | 26.21 | 21.03 | 19.96 | 15.89 | 15.24 | 15.42 | 14.19 | 13.40 | 12.67 | 11.36 |
| Total Operating Expenses | 61.37 | 49.13 | 55.03 | 39.18 | 36.10 | 43.54 | 39.80 | 35.92 | 34.87 | 30.96 | 29.93 | 22.45 | 21.12 | 16.62 | 15.94 | 16.20 | 15.10 | 14.06 | 16.86 | 17.48 |
| Operating Income | (11.01) | (22.08) | 15.59 | 14.75 | 11.41 | (11.23) | 12.90 | 1.32 | 1.53 | (6.93) | (4.87) | 1.74 | 2.35 | 1.21 | (1.78) | (0.09) | 1.69 | 2.10 | (1.75) | (3.72) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | 5.42 | 5.12 | 5.75 | 5.70 | 4.75 | 1.86 | 1.80 | 1.79 | 1.79 | -- | 1.69 |
| Pretax Income | (17.27) | (27.58) | 10.40 | 1.02 | 5.00 | -- | 6.26 | (4.20) | (5.82) | (13.56) | (9.68) | (2.85) | (4.24) | (6.93) | 1.06 | (6.43) | (6.20) | (2.44) | (7.28) | -- |
| Tax Provision | 0.00 | 0.03 | -- | -- | -- | -- | (0.51) | 0.02 | 0.66 | -- | (0.53) | 1.54 | (0.01) | (0.29) | 0.00 | 0.04 | 0.04 | -- | -- | -- |
| Net Income | (17.27) | (27.60) | 6.63 | 1.02 | 5.00 | (17.78) | 6.78 | (4.22) | (6.47) | (13.56) | (9.15) | (4.39) | (4.23) | (6.64) | 1.06 | (6.46) | (6.24) | (2.44) | (7.42) | (8.33) |
| Basic EPS | (0.46) | (0.74) | 0.19 | 0.03 | 0.14 | (0.50) | 0.19 | (0.12) | (0.18) | (0.38) | (0.26) | (0.13) | (0.14) | (0.22) | 0.05 | (0.24) | (0.23) | (0.09) | -- | (0.31) |
| Diluted EPS | (0.46) | (0.74) | 0.20 | 0.03 | 0.13 | (0.50) | 0.19 | (0.12) | (0.18) | (0.38) | (0.27) | (0.13) | (0.14) | -- | -- | -- | -- | (0.09) | -- | (0.31) |
Cash Flow Statement
(in millions USD)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Operating Cash Flow | (9.76) | (8.99) | 8.41 | 16.59 | (0.80) | 19.67 | (17.78) | 2.95 | (2.75) | (4.63) | 8.70 | (1.21) | 4.57 | (8.21) | (3.71) | (0.41) | 4.86 | 0.97 | (1.49) | (2.08) |
| Capital Expenditures | 0.49 | 0.19 | 0.34 | 0.21 | 0.17 | 0.17 | 0.56 | 0.60 | 0.34 | 0.09 | 0.19 | 0.52 | 0.25 | 0.50 | 0.88 | 1.06 | 0.26 | 0.40 | 0.14 | 0.29 |
| Free Cash Flow* | (10.25) | (9.19) | 8.07 | 16.38 | (0.97) | 19.50 | (18.33) | 2.35 | (3.09) | (4.72) | 8.50 | (1.73) | 4.32 | (8.71) | (4.59) | (1.46) | 4.60 | 0.56 | (1.63) | (2.37) |
| Investing Cash Flow | (0.53) | (18.20) | (4.73) | (0.22) | (0.29) | (0.21) | (37.56) | (0.60) | 5.10 | (0.11) | (0.20) | (20.13) | (1.25) | (130.97) | -0.00 | (1.07) | (0.26) | (0.41) | (14.20) | (12.93) |
| Financing Cash Flow | (0.47) | 48.91 | (5.04) | 4.96 | (12.67) | 0.02 | 29.99 | (0.72) | 0.07 | (0.81) | (0.02) | 64.19 | 0.19 | 62.16 | 55.03 | 0.00 | (0.11) | (0.78) | -0.00 | 0.02 |
* Derived from reported values
