HROW on Nasdaq
Harrow Health
American pharmaceutical company
Harrow Health, Inc., formerly known as Imprimis Pharmaceuticals, is a publicly traded pharmaceutical company based in Nashville, Tennessee. Since 2014, Harrow has started six healthcare businesses, including ImprimisRx, an ophthalmic-focused pharmaceutical company.3 From Wikipedia, CC BY-SA 4.0
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Last updated Oct 18, 2026.
Overview
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- TickerHROW on Nasdaq1
- Industrypharmaceutical industry1
- HeadquartersNashville1
- Websitewww.harrow.com
- Incorporated inDE4
- Business address1A Burton Hills Blvd, Suite 200, Nashville, Tn4
- Filer categoryLarge accelerated filer4
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Harrow Health, Inc., formerly known as Imprimis Pharmaceuticals, is a publicly traded pharmaceutical company based in Nashville, Tennessee.3
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Product Sales Net brought in 58% of the revenue Harrow Health broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Product Sales Net | $117.4M | $198.6M | $271.9M |
| Vevye | $1.8M | $28.1M | $88.7M |
| Iheezo | $20.6M | $49.3M | $81.3M |
| Other Products | $15.1M | $37.8M | $25.3M |
| Other Revenue | $12.7M | $915.0K | $394.0K |
| Other Revenues | $12.7M | $995.0K | $394.0K |
Business segments
Branded brought in 72% of the revenue Harrow Health broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2023 | 2024 | 2025 |
|---|---|---|---|
| Branded | $50.3M | $116.1M | $195.8M |
| Imprimis Rx | $79.9M | $83.5M | $76.5M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue25¢$67.9M
- Research and development8¢$20.9M
- Selling, general and admin56¢$152.9M
- Other costs10¢$26.7M
- Income tax1¢$3.8M
Out of $272.3M in revenue.6 The company lost money this year.
Where each dollar of operating cash went, fiscal 2025
- Capital spending2¢$887.0K
- Kept or used elsewhere98¢$43.0M
Out of $43.9M of cash from operations.6
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Total revenues | $272.3M | $199.6M | $130.2M |
| Cost of sales | -$67.9M | -$49.2M | -$39.6M |
| Gross profit | $204.4M | $150.4M | $90.6M |
| Selling, general and administrative | $152.9M | $129.1M | $83.1M |
| Research and development | $20.9M | $12.2M | $6.7M |
| Impairment of long-lived assets | $253.0K | $380.0K | |
| Total operating expenses | $173.9M | $141.5M | $90.1M |
| Income from operations | $30.5M | $8.8M | $431.0K |
| Interest expense, net | -$24.2M | -$22.8M | -$21.3M |
| Investment (loss) gain from Eton Pharmaceuticals | -$3.2M | $3.1M | |
| Loss on extinguishment of debt | -$7.8M | -$5.5M | |
| Other income (expense), net | $47.0K | -$185.0K | -$444.0K |
| Total other expense, net | -$31.9M | -$26.1M | -$24.1M |
| Loss before income taxes | -$1.4M | -$17.3M | -$23.7M |
| Income tax expense | -$3.8M | -$161.0K | -$701.0K |
| Net loss | -$5.1M | -$17.5M | -$24.4M |
| Basic net loss per share of common stock | -$0.14 | -$0.49 | -$0.75 |
| Diluted net loss per share of common stock | -$0.14 | -$0.49 | -$0.75 |
| Weighted average number of shares of common stock outstanding, basic | 36.8M shares | 35.7M shares | 32.6M shares |
| Weighted average number of shares of common stock outstanding, diluted | 36.8M shares | 35.7M shares | 32.6M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $72.9M | $47.2M | ||
| Accounts receivable, net | $110.9M | $116.4M | ||
| Inventories | $13.5M | $10.7M | ||
| Prepaid expenses and other current assets | $14.4M | $15.3M | ||
| Total current assets | $211.8M | $189.7M | ||
| Property, plant and equipment, net | $3.3M | $3.7M | ||
| Capitalized software costs, net | $1.2M | $1.8M | ||
| Operating lease right-of-use assets, net | $7.8M | $8.6M | ||
| Intangible assets, net | $175.2M | $184.9M | ||
| Goodwill | $332.0K | $332.0K | ||
| TOTAL ASSETS | $399.5M | $389.0M | ||
| Accounts payable and accrued expenses | $42.0M | $41.4M | ||
| Accrued rebates and copay assistance | $42.2M | $39.9M | ||
| Accrued payroll and related liabilities | $10.4M | $9.5M | ||
| Deferred revenue and customer deposits | $788.0K | $44.0K | ||
| Current portion of operating lease obligations | $887.0K | $497.0K | ||
| Total current liabilities | $96.3M | $91.3M | ||
| Operating lease obligations, net of current portion | $7.9M | $8.8M | ||
| Notes payable, net of unamortized debt discount | $243.2M | $219.5M | ||
| TOTAL LIABILITIES | $347.4M | $319.7M | ||
| Common stock, $0.001 par value, 50,000,000 shares authorized; 37,229,159 and 35,622,214 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively | $37.0K | $35.0K | ||
| Additional paid-in capital | $208.9M | $221.0M | ||
| Accumulated deficit | -$156.5M | -$151.4M | ||
| TOTAL HARROW, INC. STOCKHOLDERS EQUITY | $52.4M | $69.7M | ||
| Noncontrolling interests | -$355.0K | -$355.0K | ||
| TOTAL STOCKHOLDERS EQUITY | $52.1M | $69.3M | $70.4M | $27.2M |
| TOTAL LIABILITIES AND STOCKHOLDERS EQUITY | $399.5M | $389.0M | ||
| Common stock, par value | $0.00 | $0.00 | ||
| Common stock, shares authorized | 50.0M shares | 50.0M shares | ||
| Common stock, shares issued | 37.2M shares | 35.6M shares | ||
| Common stock, shares outstanding | 37.2M shares | 35.6M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $72.9M | $47.2M | ||
| Accounts receivable, net | $110.9M | $116.4M | ||
| Inventories | $13.5M | $10.7M | ||
| Prepaid expenses and other current assets | $14.4M | $15.3M | ||
| Total current assets | $211.8M | $189.7M | ||
| Property, plant and equipment, net | $3.3M | $3.7M | ||
| Capitalized software costs, net | $1.2M | $1.8M | ||
| Operating lease right-of-use assets, net | $7.8M | $8.6M | ||
| Intangible assets, net | $175.2M | $184.9M | ||
| Goodwill | $332.0K | $332.0K | ||
| TOTAL ASSETS | $399.5M | $389.0M | ||
| Accounts payable and accrued expenses | $42.0M | $41.4M | ||
| Accrued rebates and copay assistance | $42.2M | $39.9M | ||
| Accrued payroll and related liabilities | $10.4M | $9.5M | ||
| Deferred revenue and customer deposits | $788.0K | $44.0K | ||
| Current portion of operating lease obligations | $887.0K | $497.0K | ||
| Total current liabilities | $96.3M | $91.3M | ||
| Operating lease obligations, net of current portion | $7.9M | $8.8M | ||
| Notes payable, net of unamortized debt discount | $243.2M | $219.5M | ||
| TOTAL LIABILITIES | $347.4M | $319.7M | ||
| Common stock, $0.001 par value, 50,000,000 shares authorized; 37,229,159 and 35,622,214 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively | $37.0K | $35.0K | ||
| Additional paid-in capital | $208.9M | $221.0M | ||
| Accumulated deficit | -$156.5M | -$151.4M | ||
| TOTAL HARROW, INC. STOCKHOLDERS EQUITY | $52.4M | $69.7M | ||
| Noncontrolling interests | -$355.0K | -$355.0K | ||
| TOTAL STOCKHOLDERS EQUITY | $52.1M | $69.3M | $70.4M | $27.2M |
| TOTAL LIABILITIES AND STOCKHOLDERS EQUITY | $399.5M | $389.0M | ||
| Common stock, par value | $0.00 | $0.00 | ||
| Common stock, shares authorized | 50.0M shares | 50.0M shares | ||
| Common stock, shares issued | 37.2M shares | 35.6M shares | ||
| Common stock, shares outstanding | 37.2M shares | 35.6M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net loss | -$5.1M | -$17.5M | -$24.4M |
| Depreciation and amortization of property, plant and equipment and software development costs | $1.9M | $1.9M | $1.5M |
| Amortization of intangible assets | $17.0M | $11.8M | $10.1M |
| Non-cash lease expense | $771.0K | $904.0K | $728.0K |
| Acquisition of Melt Pharmaceuticals | $4.4M | ||
| Provision for credit losses | $468.0K | $120.0K | $332.0K |
| Amortization of debt issuance costs and debt discount | $4.0M | $4.2M | $4.1M |
| Investment loss (gain) from investment in Eton | $3.2M | -$3.1M | |
| Loss on disposal of equipment | $13.0K | $168.0K | |
| Impairment of intangible assets | $253.0K | $380.0K | |
| Loss on extinguishment of debt | $7.8M | $5.5M | |
| Stock-based compensation | $12.5M | $17.6M | $15.7M |
| Accounts receivable | $5.0M | -$80.2M | -$30.3M |
| Inventories | -$2.8M | $165.0K | -$4.3M |
| Prepaid expenses and other current assets | $924.0K | -$6.1M | -$5.6M |
| Accounts payable, accrued expenses, accrued rebates and copay assistance | -$4.6M | $37.5M | $31.8M |
| Accrued payroll and related liabilities | $936.0K | $4.0M | $1.4M |
| Deferred revenue and customer deposits | $744.0K | -$31.0K | -$38.0K |
| NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES | $43.9M | -$22.2M | $3.8M |
| Net proceeds on sale of investment in Eton Pharmaceuticals | $5.5M | ||
| Acquisition of Melt Pharmaceuticals | -$4.4M | ||
| Investment in patent and trademark assets | -$79.0K | -$18.0K | |
| Purchase of product rights and related patents | -$215.0K | -$37.0M | -$151.1M |
| Purchases of property, plant and equipment | -$887.0K | -$1.6M | -$1.5M |
| NET CASH USED IN INVESTING ACTIVITIES | -$5.5M | -$33.2M | -$152.6M |
| Net proceeds from 11.875% notes payable, net of costs | $5.0M | ||
| Net proceeds from public offering | $73.6M | ||
| Proceeds from new debt, net of costs | $244.4M | $29.8M | $55.9M |
| Repayment of notes payable, inclusive of costs | -$230.9M | -$59.8M | |
| Payment of payroll taxes upon vesting of PSUs, RSUs and exercise of stock options | -$25.0M | -$2.4M | -$13.0M |
| Proceeds from exercise of stock options | $467.0K | $1.1M | $379.0K |
| Payment of debt issuance costs | -$1.6M | ||
| Proceeds from public offering of common stock, net of offering costs | $64.5M | ||
| NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES | -$12.7M | $28.5M | $126.5M |
| NET CHANGE IN CASH AND CASH EQUIVALENTS | $25.7M | -$26.8M | -$22.2M |
| Cash paid for income taxes | $93.0K | $374.0K | |
| Cash paid for interest | $18.7M | $20.6M | $18.9M |
| Accrual of milestone payment | $7.0M | ||
| Reclassification of deferred financing costs | $1.9M | ||
| Accrual of exit fee related to Oaktree Loan | $1.1M | $2.7M | |
| Purchase of property, plant and equipment included in accounts payable and accrued expenses | $81.0K | $299.0K | |
| Change in right-of-use assets for operating lease obligations assumptions | -$557.0K | ||
| Right-of-use assets obtained in exchange for new operating lease obligations | $3.2M | ||
| Reclass of deferred commitment fees from prepaid expenses into debt issuance costs | $331.0K | ||
| Insurance premium financed | $873.0K |
No quarter-by-quarter statement was filed.
Leadership
Who has led Harrow Health, and when. Pick a name to see everywhere that person has worked.
Chief executive
Chair
Chief financial officer
Chief operating officer
- Chief executive officerFrancis William Mullery Jr. Oct 10, 2025 to now14
- Chief executive officerJohn P. Saharek Feb 21, 2024 to Oct 10, 202515
- Chief executive officerRobert J. Kammer Mar 15, 2013 to Mar 15, 201316
- Chief executive officerMark L. Baum Apr 27, 2012 to Mar 15, 201317
- Chief executive officerJohn N. Bonfiglio Oct 22, 2010 to Oct 22, 201018
- Chief executive officerJuliet Singh Dec 27, 2007 to Jun 22, 200919
- ChairRobert J. Kammer Apr 30, 2012 to Jul 20, 201220
- PresidentAndrew Boll Dec 16, 2025 to now21
- PresidentJohn P. Saharek Jul 23, 2021 to Dec 16, 202522
- PresidentJohn N. Bonfiglio Oct 22, 2010 to Oct 22, 201018
- PresidentJuliet Singh Dec 27, 2007 to Jun 22, 200919
- Chief financial officerAndrew Boll Feb 2, 2015 to now23
- Chief financial officerJohn T. Lomoro Dec 27, 2007 to Jun 22, 200924
- Chief operating officerClayton D. Edwards Apr 17, 2017 to Apr 17, 201725
Board members and other officers (26)
- CHIEF SCIENTIFIC OFFICERAmir Shojaei Jan 8, 2025 to now26
- CHIEF ACCOUNTING OFFICERRandall E. Pollard Sep 9, 2025 to now27
- Chief Commercial OfficerJohn P. Saharek Feb 2, 2015 to Nov 14, 202328
- VP, Accounting and ReportingAndrew Boll Mar 27, 2012 to Feb 11, 201429
- Chief Business OfficerTerry Nida Mar 2, 2010 to Mar 2, 201030
- Chief Medical OfficerJoachim Ph Schupp Oct 15, 2009 to May 8, 201331
- Vice PresidentBalbir Brar Dec 27, 2007 to Dec 27, 200732
- Board memberAdrienne L. Graves Jan 30, 2024 to now33
- Board memberLauren P. Silvernail Jan 30, 2024 to now34
- Board memberMartin A. Makary Apr 8, 2022 to Jun 17, 202435
- Board memberPerry J. Sternberg Apr 8, 2022 to now36
- Board memberTeresa Sparks Mar 17, 2020 to Jun 23, 202337
- Board memberRichard L. Lindstrom Md. Jan 9, 2015 to Oct 3, 202238
- Board memberAnthony Principi Sep 3, 2015 to Sep 30, 202039
- Board memberWilliam H. Nelson Sep 8, 2014 to Jun 14, 201640
- Board memberRobert J. Kammer Mar 15, 2013 to Jun 28, 202116
- Board memberPeter C. Kenny Oct 4, 2013 to Oct 4, 201341
- Board memberBalbir Brar Apr 27, 2012 to Mar 15, 201342
- Board memberMark L. Baum Apr 27, 2012 to now17
- Board memberStephen G. Austin Aug 15, 2012 to Mar 18, 202043
- Board memberAugust Shelby Bassani Dec 18, 2012 to Sep 8, 201444
- Board memberJohn N. Bonfiglio Oct 22, 2010 to Oct 22, 201018
- Board memberLynn C. Swann Nov 25, 2008 to Nov 25, 200845
- Board memberAnthony S. Thornley Dec 27, 2007 to Nov 25, 200846
- Board memberJeffrey J. Abrams Dec 27, 2007 to Jul 1, 201347
- Board memberJuliet Singh Dec 27, 2007 to Jun 22, 200919
Products and brands
Through its compounding subsidiary ImprimisRx, the company was the first pharmaceutical compounding company to make cGMP ophthalmic eye drops and other sterile compounded products available at a national scale through its FDA-registered outsourcing facility.
ImprimisRx's primary business is that of compounding drugs; that is, combining or altering the formulation of existing drugs to market them to specific populations. As of 2015, the company's business model was driven by development and sale of inexpensive alternatives to off-patent medicines where there was previously only a single manufacturer who could therefore charge outsize prices.
In August 2020, ImprimisRx announced that it was expanding its business beyond compounded drugs and that through a partnership with EyePoint Pharmaceuticals, it would begin to sell Dexycu, an FDA-approved steroid product.
As of 2020, Imprimis operated two pharmaceutical production and distribution facilities, both of which are located in Ledgewood, New Jersey. The company has licenses to operate federally, through the US DEA, and through state pharmacy boards in all 50 of the United States.
From Wikipedia’s article on Harrow, Inc., shared under CC BY-SA 4.0.5
Former names
Controversies and legal
Litigation
In 2017, after launching a $49 per month low-cost compounded cyclosporine-A formulation as a potential competitor to Restasis and a glaucoma eye drop program called Simple Drops, the company, alongside Sinceres, became the target of a suit from Allergan for claims connected to supposed false and misleading marketing statements.
The company responded, calling Allergan a "professional litigant" and stating, "Allergan, one of the most powerful Big Pharma companies in the world, has filed this lawsuit against one of the smallest pharmaceutical companies in the world, to snuff out any competition to its high drug price strategies. Allergan, a true Goliath, is bent on ensuring that Americans continue to pay the highest possible prices for its drugs."
During the lawsuit, it was revealed that Allergan engaged in significant lobbying to FDA, state boards of pharmacy, and other federal and state agencies to complain about ImprimisRx. In December 2017, ImprimisRx received a warning letter from the FDA, relaying the agency's determination that the marketing of some of the company's eye drops contained false or misleading claims about efficacy and risks, allegedly in violation of federal law.
After a jury trial, Harrow (then Imprimis Pharmaceuticals) was ordered to pay $0 for disgorgement of profit and $48,500 for lost profit, despite Allergan having sought $60 million.
From Wikipedia’s article on Harrow, Inc., shared under CC BY-SA 4.0.5
Timeline
- Oct 10, 2025New chief executive Francis William Mullery Jr. becomes CEO14
- Feb 21, 2024New chief executive John P. Saharek becomes CEO15
- Mar 15, 2013New chief executive Robert J. Kammer becomes CEO16
- Apr 27, 2012New chief executive Mark L. Baum becomes CEO17
- Oct 22, 2010New chief executive John N. Bonfiglio becomes CEO18
- Dec 27, 2007New chief executive Juliet Singh becomes CEO19
- Jan 1, 1998Founded Founded1
Filings
242 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 77 major events, 97 insider forms, 20 large holders, 28 other. The latest 20:
- Oct 5, 20268-K EDGAR
- Sep 4, 20268-K EDGAR
- Aug 21, 2026144 EDGAR
- Aug 17, 20264 EDGAR
- Aug 10, 202610-Q EDGAR
- Aug 10, 20268-K EDGAR
- Aug 6, 20268-K EDGAR
- Jul 31, 2026SCHEDULE 13G/A EDGAR
- Jun 22, 20264 EDGAR
- Jun 22, 20264 EDGAR
- Jun 22, 20264 EDGAR
- Jun 22, 20268-K EDGAR
- Jun 3, 20268-K EDGAR
- May 19, 20264 EDGAR
- May 19, 20264 EDGAR
- May 18, 20264 EDGAR
- May 15, 20264 EDGAR
- May 15, 20264 EDGAR
- May 11, 202610-Q EDGAR
- May 11, 2026SCHEDULE 13G/A EDGAR
The 242 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last three years, summarized. The full record is on SEC EDGAR.
Insider trades and holders
Large holders
Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 20 such filings since October 2021, the latest 10:
- Jul 31, 2026SCHEDULE 13G/A
- May 11, 2026SCHEDULE 13G/A
- Mar 27, 2026SCHEDULE 13G/A
- Mar 11, 2026SCHEDULE 13G
- Apr 7, 2025SCHEDULE 13D/A
- Dec 5, 2024SC 13G/A
- Oct 8, 2024SC 13G/A
- Apr 30, 2024SC 13D/A
- Feb 13, 2024SC 13G
- Feb 13, 2024SC 13G/A
From Forms 4 and Schedules 13D and 13G filed with the SEC.
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
Links
- Websitewww.harrow.com1
- X (Twitter)x.com/imprimispharma1
- Facebookwww.facebook.com/imprimisrx1
- WikipediaHarrow, Inc.
- WikidataQ22079529
- SEC EDGARCIK 1360214
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataHarrow Health on Wikidata
- 2SEC EDGARHarrow Health filings on SEC EDGAR
- 3WikipediaHarrow Health on Wikipedia
- 4SEC EDGARHarrow Health filings on SEC EDGAR
- 5
- 6SEC EDGARHarrow Health 10-K for fiscal 2025
- 7SEC EDGARHarrow Health 10-K for fiscal 2019
- 8SEC EDGARHarrow Health 10-K for fiscal 2020
- 9SEC EDGARHarrow Health 10-K for fiscal 2021
- 10SEC EDGARHarrow Health 10-K for fiscal 2022
- 11SEC EDGARHarrow Health 10-Q for fiscal 2026
- 12SEC EDGARHarrow Health 10-Q for fiscal 2026
- 13SEC EDGARHarrow Health 10-K for fiscal 2023
- 14
- 15
- 16
- 17
- 18
- 19
- 20SEC EDGARRobert J. Kammer, Chair
- 21SEC EDGARAndrew Boll, President
- 22SEC EDGARJohn P. Saharek, President
- 23SEC EDGARAndrew Boll, Chief financial officer
- 24
- 25
- 26
- 27
- 28
- 29
- 30SEC EDGARTerry Nida, Chief Business Officer
- 31
- 32SEC EDGARBalbir Brar, Vice President
- 33SEC EDGARAdrienne L. Graves, Board member
- 34SEC EDGARLauren P. Silvernail, Board member
- 35SEC EDGARMartin A. Makary, Board member
- 36SEC EDGARPerry J. Sternberg, Board member
- 37SEC EDGARTeresa Sparks, Board member
- 38
- 39SEC EDGARAnthony Principi, Board member
- 40SEC EDGARWilliam H. Nelson, Board member
- 41SEC EDGARPeter C. Kenny, Board member
- 42SEC EDGARBalbir Brar, Board member
- 43SEC EDGARStephen G. Austin, Board member
- 44SEC EDGARAugust Shelby Bassani, Board member
- 45SEC EDGARLynn C. Swann, Board member
- 46SEC EDGARAnthony S. Thornley, Board member
- 47SEC EDGARJeffrey J. Abrams, Board member