Harvard Bioscience, Inc. (HBIO)
NASDAQ: HBIO · Real-Time Price · USD
6.07
+0.08 (1.26%)
Jul 28, 2026, 1:15 PM EDT - Market open

Harvard Bioscience Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
85.5386.5594.14112.25113.34118.9
Revenue Growth
-6.42%-8.06%-16.14%-0.96%-4.68%16.46%
Gross Profit
49.9749.9154.7766.0760.8267.65
Operating Income
-0.09-48.58-6.211.89-6.932.07
Net Income
-9.78-56.7-12.41-3.42-9.52-0.29
Earnings Per Share
-2.17-12.80-2.80-0.80-2.30-0.10
EPS Growth
------

Revenue by Geography

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
United States
37.9438.9741.7448.2149.9149.83
Americas - Other
3.253.233.63.52--
Europe, Middle East and Africa
27.1526.7128.4133.28--
China
11.0410.9713.318.4916.3913.5
Asia - Other
6.156.687.18.77--
Total
85.5386.5594.14112.25113.34118.9

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
7.18.614.114.284.517.82
Total Debt
42.5742.7543.3441.3654.2456.96
Net Cash (Debt)
-35.47-34.14-39.23-37.07-49.73-49.14
Net Cash Growth
------
Net Cash Per Share
-7.96-7.69-9.01-8.74-12.01-12.18

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
3.086.731.4414.031.151.26
Capital Expenditures
-1.17-1.26-2.64-1.79-1.59-1.2
Free Cash Flow
1.915.47-1.212.24-0.440.07
Free Cash Flow Growth
273.78%-----99.18%

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
58.42%57.67%58.18%58.86%53.66%56.90%
Operating Margin
-0.10%-56.13%-6.60%1.69%-6.12%1.74%
Pretax Margin
-19.58%-76.48%-18.19%-6.24%-10.08%-1.97%
Profit Margin
-19.45%-75.69%-18.97%-7.01%-10.38%-2.10%
FCF Margin
2.23%6.32%-1.28%10.90%-0.39%0.06%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJul '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Forward PE
-7.8717.5823.2617.8722.03
P/FCF Ratio
14.1454.67-189.68-43292.10
PS Ratio
0.323.469.8820.6810.0624.39