Company research / HBIO

Harvard Bioscience Inc (HBIO)

SEC name HARVARD BIOSCIENCE INC · CIK 0001123494 · Nasdaq · Laboratory Analytical Instruments

  • Sector Manufacturing
  • Incorporated DE
  • Fiscal year ends Dec 31

For the year ended 2025-12-31, Harvard Bioscience Inc reported revenue of $86.55M. Revenue fell 8.1% from the prior annual period. Over the twelve months to 2026-06-30, revenue was $87.81M.

Key ratios (year ended 2025-12-31)

57.7%
Gross margin
-56.1%
Operating margin
-65.5%
Net margin
-412.8%
Return on year-end equity
-8.1%
Revenue growth (YoY)

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Latest selected filing: Form 10-Q (quarterly report) · 2026-08-11

Headquarters locality: Holliston · View on map

Annual financials

Annual flows and balances are grouped by their actual period end. Select a figure to open its SEC filing. n/a means a matching observation is unavailable. Free cash flow is operating cash flow minus capital expenditures, and EBITDA is operating income plus depreciation and amortization, for the same period, computed by TickerFacts.

The first column covers the twelve months to 2026-06-30 from the latest quarterly report: flows are the last fiscal year plus this year to date minus the same months a year earlier, and balances are as of that date. Per-share figures are annual only.

Stock splits: 1-for-10, first reflected in a filing dated 2026-05-12. Figures are as filed: per-share figures and share counts last reported before a split are on the old share basis, so changes and growth rates across a split are not shown. Splits are read from the filings' own restatements, so a share conversion in a merger or reorganization shows up the same way.

Period endedTTM to
2026-06-30
2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Revenue$87.81M$86.55M$94.14M$112.25M$113.33M$118.90M$102.10M$116.18M$120.77M$77.41M$104.52M
Cost of Revenue$36.74M$36.64M$39.37M$46.18M$52.52M$51.25M$44.06M$51.85M$57.59M$38.24M$56.11M
Gross Profit$51.07M$49.91M$54.77M$66.07M$60.82M$67.65M$58.04M$64.32M$63.18M$39.17M$48.41M
R&D Expense$9.09M$8.82M$10.41M$11.76M$12.33M$10.80M$8.69M$10.71M$10.99M$5.64M$5.39M
Operating Income-$245.0K-$48.58M-$6.21M$1.89M-$6.93M$2.07M$221.0K$377.0K$984.0K-$635.0K-$3.00M
Net Income-$10.41M-$56.70M-$12.40M-$3.42M-$9.52M-$288.0K-$7.81M-$4.69M-$2.92M-$865.0K-$4.31M
EPS (Diluted)n/a-$1.28-$0.28-$0.08-$0.23n/an/a-$0.12-$0.08-$0.02-$0.13
Total Assets$76.29M$80.07M$126.64M$137.37M$145.36M$162.34M$156.25M$164.87M$168.61M$109.35M$107.77M
Total Liabilities$68.87M$66.34M$63.30M$64.29M$73.14M$78.94M$79.57M$83.18M$85.89M$28.45M$35.57M
Long-Term Debt$36.68M$35.87M$36.96M$36.56M$46.82M$48.33M$48.01M$53.82M$60.80M$11.90M$13.85M
Shareholders' Equity$7.42M$13.73M$63.34M$73.07M$72.22M$83.40M$76.68M$81.69M$82.72M$80.90M$72.20M
Cash & Equivalents$6.50M$8.61M$4.11M$4.28M$4.51M$7.82M$8.32M$8.34M$8.17M$5.19M$5.60M
Operating Cash Flow$651.0K$6.73M$1.44M$14.03M$1.15M$1.26M$9.33M$8.04M$2.88M$1.06M$5.38M
Capital Expenditures$1.77M$1.26M$2.64M$1.79M$1.59M$1.20M$1.15M$1.22M$986.0K$890.0Kn/a
Free Cash Flow-$1.12M$5.47M-$1.20M$12.24M-$438.0K$67.0K$8.18M$6.83M$1.90M$167.0Kn/a
Shares Outstanding4.55M44.72M44.07M43.39M42.08M41.14M39.41M38.19M37.38M35.02M34.44M
Weighted Average Diluted Sharesn/a44.39M43.54M42.42M41.41M40.34M38.64M37.81M36.45M34.75M34.21M
EPS (Basic)n/a-$1.28-$0.28-$0.08-$0.23-$0.01n/a-$0.12-$0.08-$0.02-$0.13

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