Harvard Bioscience, Inc. (HBIO)

Harvard Bioscience Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	88.75	94.14	112.25	113.34	118.9	102.1
Revenue Growth (YoY)	-12.24%	-16.14%	-0.96%	-4.68%	16.46%	-12.12%
Cost of Revenue	38.21	39.33	45.86	51.05	51.25	44.06
Gross Profit	50.54	54.81	66.39	62.29	67.65	58.04
Selling, General & Admin	39.53	43.52	46.61	49.03	47.32	41.39
Research & Development	9.41	10.41	11.76	12.33	10.8	8.69
Other Operating Expenses	-	0.35	-	-	-	-
Operating Expenses	53.84	59.53	63.9	67.48	63.96	55.79
Operating Income	-3.31	-4.72	2.5	-5.19	3.69	2.25
Interest Expense	-3.3	-3.21	-3.59	-2.55	-1.54	-4.83
Currency Exchange Gain (Loss)	-	-	-	-	-	-0.5
Other Non Operating Income (Expenses)	-1.49	-0.84	-0.44	0.72	-1.02	-0.31
EBT Excluding Unusual Items	-6.5	-8.77	-1.53	-7.02	1.14	-3.38
Merger & Restructuring Charges	-0.56	-0.84	-0.39	-2.39	-1.28	-2.03
Gain (Loss) on Sale of Investments	-1.59	-1.59	-0.63	-	-	-
Legal Settlements	-	-	-	0.23	-	-
Other Unusual Items	-0.34	-0.47	-	-	-	-1.88
Pretax Income	-56.95	-11.67	-2.56	-9.18	-0.14	-7.29
Income Tax Expense	0.46	0.74	0.86	0.34	0.15	0.52
Earnings From Continuing Operations	-57.41	-12.41	-3.42	-9.52	-0.29	-7.81
Net Income	-57.41	-12.41	-3.42	-9.52	-0.29	-7.81
Net Income to Common	-57.41	-12.41	-3.42	-9.52	-0.29	-7.81
Shares Outstanding (Basic)	44	44	42	41	40	39
Shares Outstanding (Diluted)	44	44	42	41	40	39
Shares Change (YoY)	2.04%	2.64%	2.43%	2.65%	4.41%	2.19%
EPS (Basic)	-1.31	-0.28	-0.08	-0.23	-0.01	-0.20
EPS (Diluted)	-1.31	-0.28	-0.08	-0.23	-0.01	-0.20
Free Cash Flow	4.84	-1.2	12.24	-0.44	0.07	8.18
Free Cash Flow Per Share	0.11	-0.03	0.29	-0.01	0.00	0.21
Gross Margin	56.94%	58.22%	59.15%	54.96%	56.90%	56.85%
Operating Margin	-3.73%	-5.01%	2.22%	-4.58%	3.10%	2.21%
Profit Margin	-64.68%	-13.18%	-3.04%	-8.40%	-0.24%	-7.65%
Free Cash Flow Margin	5.46%	-1.28%	10.90%	-0.39%	0.06%	8.01%
EBITDA	3.54	2.44	9.49	2.38	11.31	9.89
EBITDA Margin	3.99%	2.59%	8.46%	2.10%	9.51%	9.68%
D&A For EBITDA	6.85	7.16	7	7.58	7.62	7.63
EBIT	-3.31	-4.72	2.5	-5.19	3.69	2.25
EBIT Margin	-3.73%	-5.01%	2.22%	-4.58%	3.10%	2.21%

Updated Aug 11, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q