Company: HROW
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001493152-25-021562
Chunk: 0

Company: HARROW, INC.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 1
Chunk 0
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HARROW,
INC.

CONDENSED
CONSOLIDATED BALANCE SHEETS

    September 30,  
    December 31, 

    2025  
    2024 

    (Unaudited)  

    ASSETS 

    Current assets 

    Cash and cash equivalents 
    $74,290,000  
    $47,247,000 
  
    Accounts receivable, net 
     77,600,000  
     116,373,000 
  
    Inventories 
     12,834,000  
     10,702,000 
  
    Prepaid expenses and other current assets 
     12,880,000  
     15,329,000 
  
    Total current assets 
     177,604,000  
     189,651,000 
  
    Property, plant and equipment, net 
     3,380,000  
     3,734,000 
  
    Capitalized software costs, net 
     1,330,000  
     1,751,000 
  
    Operating lease right-of-use assets, net 
     7,971,000  
     8,554,000 
  
    Intangible assets, net 
     172,457,000  
     184,949,000 
  
    Goodwill 
     332,000  
     332,000 
  
    TOTAL ASSETS 
    $363,074,000  
    $388,971,000 
  
    LIABILITIES AND STOCKHOLDERS’ EQUITY 

    Current liabilities 

    Accounts payable and accrued expenses 
    $20,162,000  
    $41,406,000 
  
    Accrued rebates and copay assistance 
     34,516,000  
     39,900,000 
  
    Accrued payroll and related liabilities 
     9,518,000  
     9,496,000 
  
    Deferred revenue and customer deposits 
     345,000  
     44,000 
  
    Current portion of operating lease obligations 
     859,000  
     497,000 
  
    Total current liabilities 
     65,400,000  
     91,343,000 
  
    Operating lease obligations, net of current portion 
     8,139