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Research & education only — not financial advice. EDGAR is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates — see Disclosures. Do your own research.

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Home›Stocks›HBIO

HBIO

HARVARD BIOSCIENCE INC

Next earnings Aug 10, 2026 · consensus $-0.43 EPS, $21.9M rev

Last earnings -20.9% on 2026-05-12

Avoid
$6.04
▲ +1.34%
$6.04▲ +17.58%
over 1Y
L $3.79EODHDH $7.87
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+1.3%
1W-0.2%
1M+4.5%
3M+24.0%
YTD-7.3%
1Y+17.6%
OverviewFinancialsValuationQualityTimelineFilings
Rating
Avoid
Quality
F
Valuation
Fair value
Filings
Watch
Avoid
Conviction
Horizon
Medium (3–12mo)
Street · 8 analysts
Buy

Revenue declined -8.1% YoY.

Revenue (FY2025) $86.5M · FY2025

HARVARD BIOSCIENCE INC shows $86.5M in FY2025 revenue (-8.1% YoY), a -65.5% net margin, and -412.8% ROE.

Financials · annual, by fiscal year

Line itemFY21FY22FY23FY24FY25
Revenue$119M$113M$112M$94.1M$86.5M
Gross profit$67.7M$60.8M$66.1M$54.8M$49.9M
Operating income$2.07M-$6.93M$1.89M-$6.21M-$48.6M
Net income-$288K-$9.52M-$3.42M-$12.4M-$56.7M
Diluted EPS—-$0.23-$0.08-$0.28-$1.28
Net margin-0.2%-8.4%-3.0%-13.2%-65.5%

Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.

Key statistics

Valuation

Enterprise value$297M
EV / EBITDA—
EV / Sales3.4
EV / FCF54.4
P / FCF49.4
PEG (trailing)—
Earnings yield-21.0%
FCF yield2.0%

Quality & risk

ROIC (est.)-77.4%
Free cash flow$5.47M
Total debt$35.9M
Net cash-$27.3M
Altman Z-Score-1.84 distress
Piotroski F-Score4/9

Capital returns

Buyback yield—
Dividend yield (est.)—
Shareholder yield—
Shares Δ YoY+1.5%

Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.

Disclosure timeline

SEC · 8-Ks + reports
Some governance/structural items recently, but no outright red flags.
  1. 8-K Officer / director change2026-06-02
  2. 8-K Reg FD disclosure2026-05-12
  3. 8-K Earnings results2026-05-12
  4. 10-Q Quarterly report2026-05-12
  5. DEF 14A Proxy statement2026-04-21
  6. 8-K Reg FD disclosure2026-03-17
  7. 10-K Annual report2026-03-13
  8. 8-K Earnings results2026-03-12
  9. 8-K Officer / director change2026-03-10

Recent filings

all on EDGAR ↗
4Period ending 2026-06-092026-06-12open ↗4Period ending 2026-06-092026-06-11open ↗4Period ending 2026-06-092026-06-11open ↗4Period ending 2026-06-092026-06-11open ↗4Period ending 2026-06-092026-06-11open ↗S-8Filing2026-06-10open ↗8-KPeriod ending 2026-06-022026-06-02open ↗SDFiling2026-05-27open ↗SCHEDULE 13G/AFiling2026-05-14open ↗10-QPeriod ending 2026-03-312026-05-12open ↗8-KPeriod ending 2026-05-122026-05-12open ↗8-KPeriod ending 2026-05-122026-05-12open ↗

Quality score

F
ValueGrowthProfitHealthMom.
ValueB
GrowthF
ProfitabilityF
Financial healthD
Momentum—
  • ✗Revenue growing year-over-year
  • ✗Profitable (positive net income)
  • ✗Net margin above 10%
  • ✗Return on equity above 15%
  • ✗Liabilities below 2× equity
Revenue
$86.5M
-8.1% YoY
Net margin
-65.5%
ROE
-412.8%
P/E
—

SEC fundamentals · FY 2025

'21'22'23'24'25

■ revenue · ■ net income, by fiscal year

Revenue$86.5M-8.1%
Net income-$56.7M-357.1%
Gross profit$49.9M-8.9%
Operating income-$48.6M-682.2%
Diluted EPS-$1.28-357.1%
Cash & equivalents$8.61M+109.7%
Total assets$80.1M-36.8%
Total liabilities$66.3M+4.8%
Stockholders' equity$13.7M-78.3%
Gross: 57.7%Op.: -56.1%L/E: 4.83x

Frequently asked

Is HARVARD BIOSCIENCE INC (HBIO) a buy?
HBIO currently carries a Avoid rating with 4/5 conviction, derived from its latest SEC filings. Revenue declined -8.1% YoY.
What is HARVARD BIOSCIENCE INC's quality score?
HBIO scores 39.27450980392156/100 (grade F) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.

Sources: SEC EDGAR (CIK 0001123494, latest 10-Q filed 2026-05-12) · EODHD · as of 6/25/2026, 6:09:57 PM.

Research and education only — not financial advice. EDGAR is not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates; see Disclosures. Past performance does not guarantee future results. Do your own research.

Insider activity

Form 4 · SEC
2026-06-09
Eade Katherine A.
Director
Award16.6K
2026-06-09
Snider William
Director
Award16.6K
2026-06-09
DENELSKY STEPHEN J
Director
Award16.6K
2026-06-09
Gagnon Robert E.
Director
Award16.6K
2026-06-09
Benson Seth Benjamin
Director
Award16.6K
2026-03-20
Frost Mark T
Chief Financial Officer
Award30.0K
2026-03-20
Duke John D
Chief Executive Officer
Award75.0K
2026-03-16
Frost Mark T
Chief Financial Officer
Buy5.00K @ $5.00$25.0K

Earnings history

beat/miss · move
2026-05-12Beat +47.8% est▼ -20.91%8-K ↗
2026-03-12Miss -100.0% est▼ -2.58%8-K ↗
2026-02-10Miss -100.0% est▲ +13.37%8-K ↗
2025-11-06Miss -100.0% est▼ -7.29%8-K ↗
2025-08-11Beat +2.0% est▼ -9.25%8-K ↗
2025-05-12—▲ +11.78%8-K ↗

Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.

Recent news

market news →
Harvard Bioscience, Inc. Q1 2026 Earnings Call SummaryBullish
finance.yahoo.com· 2026-05-12
Harvard Bioscience, Inc. Q4 2025 Earnings Call SummaryBullish
finance.yahoo.com· 2026-03-12
Harvard Bioscience (HBIO) Earnings TranscriptBullish
finance.yahoo.com· 2026-03-12
Harvard Bioscience Sets 1-for-10 Reverse Stock Split; Shares Drop 12% OvernightBullish
nasdaq.com· 2026-03-09
Harvard Bioscience Announces Reverse Stock SplitBullish
finance.yahoo.com· 2026-03-06
Harvard Bioscience Schedules Fourth Quarter 2025 Earnings Conference Call for March 12, 2026 at 8:00 AM ETBullish
globenewswire.com· 2026-02-26

Vs tracked universe

compare →

1043 tracked peers · median

EDGAR Score39 vs 67
Revenue growth-8.1% vs 7.1%
Net margin-65.5% vs 10.5%
Return on equity-412.8% vs 12.3%
P/E— vs 25.5