Jun 2026 (Q2 FY26) — Aug 11, 2026
Harrow Q2 FY26 — Strong H2 Outlook Driven by Product Economics, Commercial Expansion, and Turviya Acquisition
Read the full callHarrow earnings: last reported Tue, 11 Aug 2026, for the quarter ended Jun 2026.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 70.7 | +10.9% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | -15.6 | −33.5 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | -17.3 | −445.7% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Price
1Y: $40.01 on 17 Oct 2025 → $27.68. High $54.8 (5 Jan 2026), low $27.24 (14 Oct 2026).
Overview
Call summaries
Harrow Q2 FY26 — Strong H2 Outlook Driven by Product Economics, Commercial Expansion, and Turviya Acquisition
Read the full callEvery analysed call
Financials
Net profit, year on year: −446% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 49 | 67 | 48 | 64 | 72 | 89 | 44 | 71 |
| Operating profit | 1 | 13 | -11 | 11 | 15 | 16 | -22 | -11 |
| Operating margin | 2.7% | 19.3% | −23.5% | 17.9% | 20.6% | 17.5% | −50.0% | −15.6% |
| Other income | -6 | -7 | -7 | -6 | -14 | -5 | — | — |
| Interest | 6 | 6 | 7 | 6 | 6 | 5 | 5 | 6 |
| Profit before tax | -4 | 6 | -18 | 5 | 1 | 10 | -28 | -17 |
| Tax rate | −0.5% | −8.2% | — | 0.0% | — | — | −0.1% | 0.0% |
| Net profit | -4 | 7 | -18 | 5 | 1 | 7 | -28 | -17 |
| EPS ($ per share) | -0.12 | — | -0.50 | 0.14 | 0.03 | — | -0.74 | -0.46 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Reserves | -74 | -74 | -77 | -95 | -109 | -134 | -151 | -157 |
| Total liabilities | 25 | 32 | 31 | 87 | 130 | 242 | 320 | 347 |
| Fixed assets | 6 | 5 | 4 | 3 | 3 | 4 | 4 | 3 |
| Investments | — | — | 28 | 9 | 6 | 9 | — | — |
| Total assets | 49 | 59 | 57 | 98 | 157 | 312 | 389 | 399 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 1 | 1 | -1 | 5 | 2 | 4 | -22 | 44 |
| Cash from investing | -2 | -2 | -1 | -19 | -2 | -153 | -33 | -5 |
| Cash from financing | 4 | -1 | 1 | 51 | 54 | 127 | 29 | -13 |
| Net cash flow | 3 | -2 | -1 | 38 | 54 | -22 | -27 | 26 |
| Capital expenditure | -2 | -1 | -1 | -2 | -3 | -1 | -2 | -1 |
| Free cash flow | -1 | -1 | -2 | 3 | -1 | 2 | -24 | 43 |
16 filings between Dec 12, 2025 and Aug 14, 2026.
Purchases
$468.7K
4 purchases by 4 insiders
Sales
$9.63M
7 sales by 2 insiders
| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Opaleye Management Inc. | — | $9.18M | Mar 4, 2026 |
| Shojaei Amir | — | $450.0K | Aug 14, 2026 |
| BAUM MARK L | $302.0K | — | May 14, 2026 |
| BOLL ANDREW R. | $104.7K | — | May 14, 2026 |
| Graves Adrienne L | $31.1K | — | May 18, 2026 |
| SILVERNAIL LAUREN P | $31.0K | — | May 18, 2026 |
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Aug 14, 2026 | Shojaei Amir CHIEF SCIENTIFIC OFFICER | Option exercise | 11,250 | $404.6K |
| Aug 14, 2026 | Shojaei Amir CHIEF SCIENTIFIC OFFICER | Sale | 11,250 | $450.0K |
| May 18, 2026 | SILVERNAIL LAUREN P Director | Purchase | 1,000 | $31.0K |
| May 18, 2026 | Graves Adrienne L Director | Purchase | 1,000 | $31.1K |
| May 14, 2026 | BOLL ANDREW R. PRESIDENT AND CFO | Purchase | 3,500 | $104.7K |
| May 14, 2026 | BAUM MARK L CHIEF EXECUTIVE OFFICER | Purchase | 10,000 | $302.0K |
| Mar 4, 2026 | Opaleye Management Inc. 10% owner | Sale | 4,263 | $169.1K |
| Mar 4, 2026 | Opaleye Management Inc. 10% owner | Sale | 134,000 | $5.32M |
| Mar 3, 2026 | Opaleye Management Inc. 10% owner | Sale | 59,000 | $2.31M |
| Mar 3, 2026 | Opaleye Management Inc. 10% owner | Sale | 1,309 | $51.3K |
| Feb 27, 2026 | Opaleye Management Inc. 10% owner | Sale | 5,000 | $270.9K |
| Jan 6, 2026 | Opaleye Management Inc. 10% owner | Sale | 20,000 | $1.07M |
| Dec 12, 2025 | BAUM MARK L CHIEF EXECUTIVE OFFICER | Option exercise | 180,000 | $711.0K |
| Dec 12, 2025 | BAUM MARK L CHIEF EXECUTIVE OFFICER | Tax withheld | 79,994 | $3.76M |
| Dec 12, 2025 | BOLL ANDREW R. PRESIDENT AND CFO | Option exercise | 60,000 | $237.0K |
| Dec 12, 2025 | BOLL ANDREW R. PRESIDENT AND CFO | Tax withheld | 26,665 | $1.25M |
| Jul 21, 2025 | BAUM MARK L CHIEF EXECUTIVE OFFICER | Option exercise | 600,000 | $4.72M |
| Jul 21, 2025 | BAUM MARK L CHIEF EXECUTIVE OFFICER | Tax withheld | 313,338 | $11.62M |
| Jun 10, 2025 | Opaleye Management Inc. 10% owner | Sale | 15,000 | $462.0K |
| Jun 9, 2025 | Opaleye Management Inc. 10% owner | Sale | 15,204 | $461.8K |
| Jun 4, 2025 | Opaleye Management Inc. 10% owner | Sale | 1,796 | $53.9K |
| Jun 3, 2025 | Opaleye Management Inc. 10% owner | Sale | 3,000 | $90.1K |
| May 13, 2025 | Opaleye Management Inc. 10% owner | Sale | 5,000 | $132.9K |
| May 12, 2025 | Opaleye Management Inc. 10% owner | Sale | 10,000 | $259.0K |
| Apr 7, 2025 | BAUM MARK L Chief Executive Officer | Tax withheld | 300,363 | $6.94M |
| Apr 7, 2025 | BOLL ANDREW R. Chief Financial Officer | Tax withheld | 136,745 | $3.16M |
| Apr 7, 2025 | SAHAREK JOHN P. CEO & President, ImprimisRx | Tax withheld | 109,475 | $2.53M |
| Apr 3, 2025 | SAHAREK JOHN P. CEO & President, ImprimisRx | Option exercise | 277,200 | $0 |
| Apr 3, 2025 | BAUM MARK L Chief Executive Officer | Option exercise | 762,300 | $0 |
| Apr 3, 2025 | BOLL ANDREW R. Chief Financial Officer | Option exercise | 346,500 | $0 |
| Mar 24, 2025 | Opaleye Management Inc. 10% owner | Sale | 5,000 | $150.1K |
| Mar 18, 2025 | Opaleye Management Inc. 10% owner | Sale | 5,000 | $148.2K |
| Feb 28, 2025 | Opaleye Management Inc. 10% owner | Sale | 5,000 | $140.3K |
| Jan 22, 2025 | Opaleye Management Inc. 10% owner | Sale | 20,000 | $711.8K |
| Sep 11, 2024 | SAHAREK JOHN P. CEO of ImprimisRx | Tax withheld | 45,140 | $1.87M |
| Sep 11, 2024 | SAHAREK JOHN P. CEO of ImprimisRx | Option exercise | 90,000 | $663.3K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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