HBIO
Harvard Bioscience Inc
NASDAQ: HBIO · HEALTHCARE · MEDICAL INSTRUMENTS & SUPPLIES
$6.38
+4.08% today
Updated 2026-04-30
Market cap
$30.80M
P/E ratio
—
P/S ratio
0.36x
EPS (TTM)
$-12.80
Dividend yield
—
52W range
$3 – $9
Volume
0.2M
Harvard Bioscience Inc (HBIO) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $76.18M | $83.41M | $88.05M | $85.77M | $108.18M | $108.86M | $111.17M | $105.17M | $108.66M | $108.66M | $104.52M | $101.88M | $120.77M | $116.18M | $102.10M | $118.90M | $113.33M | $112.25M | $94.14M | $86.55M |
| Revenue growth (YoY) | — | +9.5% | +5.6% | -2.6% | +26.1% | +0.6% | +2.1% | -5.4% | +3.3% | +0.0% | -3.8% | -2.5% | +18.5% | -3.8% | -12.1% | +16.5% | -4.7% | -1.0% | -16.1% | -8.1% |
| Cost of revenue | $38.09M | $43.16M | $45.89M | $44.09M | $56.40M | $58.60M | $58.75M | $57.48M | $59.32M | $59.94M | $56.11M | $54.28M | $57.59M | $51.85M | $44.06M | $51.25M | $52.52M | $46.18M | $39.37M | $40.67M |
| Gross profit | $38.09M | $40.25M | $42.16M | $41.68M | $51.78M | $50.26M | $52.42M | $47.70M | $49.34M | $48.72M | $48.41M | $47.60M | $63.18M | $64.32M | $58.04M | $67.65M | $60.82M | $66.07M | $54.77M | $45.88M |
| Gross margin | 50.0% | 48.3% | 47.9% | 48.6% | 47.9% | 46.2% | 47.2% | 45.4% | 45.4% | 44.8% | 46.3% | 46.7% | 52.3% | 55.4% | 56.8% | 56.9% | 53.7% | 58.9% | 58.2% | 53.0% |
| R&D | $3.15M | $3.71M | $4.05M | $4.40M | $4.71M | $5.43M | $7.32M | $4.15M | $4.88M | $6.42M | $5.39M | $5.64M | $10.99M | $10.71M | $8.69M | $10.80M | $12.33M | $11.76M | $10.41M | $8.82M |
| SG&A | $24.55M | $25.18M | $26.10M | $15.11M | $17.64M | $18.06M | $19.70M | $19.93M | $16.83M | $19.83M | $20.95M | $18.57M | $21.38M | $22.76M | $23.51M | $24.30M | $24.49M | $22.78M | $21.49M | $17.74M |
| Operating income | $8.69M | $9.53M | $8.48M | $8.05M | $10.22M | $6.08M | $3.17M | $1.54M | $6.62M | $-1.71M | $-3.00M | $-101000.00 | $984000.00 | $377000.00 | $221000.00 | $2.07M | $-6.93M | $1.89M | $-6.21M | $-629000.00 |
| Operating margin | 11.4% | 11.4% | 9.6% | 9.4% | 9.4% | 5.6% | 2.8% | 1.5% | 6.1% | -1.6% | -2.9% | -0.1% | 0.8% | 0.3% | 0.2% | 1.7% | -6.1% | 1.7% | -6.6% | -0.7% |
| EBITDA | $8.69M | $9.53M | $11.13M | $13.14M | $13.80M | $11.95M | $11.68M | $7.67M | $9.29M | $1.73M | $1.80M | $-101000.00 | $5.36M | $7.64M | $5.17M | $9.02M | $944000.00 | $8.03M | $-1.47M | $5.32M |
| EBITDA margin | 11.4% | 11.4% | 12.6% | 15.3% | 12.8% | 11.0% | 10.5% | 7.3% | 8.5% | 1.6% | 1.7% | -0.1% | 4.4% | 6.6% | 5.1% | 7.6% | 0.8% | 7.2% | -1.6% | 6.1% |
| EBIT | $5.35M | $6.06M | $8.04M | $11.29M | $11.44M | $9.20M | $7.48M | $3.68M | $6.71M | $-1.09M | $-2.48M | $-3.01M | $-2.47M | $-92000.00 | $-2.46M | $1.40M | $-6.63M | $1.03M | $-8.46M | $-629000.00 |
| Interest expense | $429000.00 | $365000.00 | $389000.00 | $277000.00 | $677000.00 | $752000.00 | $584000.00 | $955000.00 | $990000.00 | $854000.00 | $642000.00 | $713000.00 | $5.37M | $5.41M | $4.83M | $1.54M | $2.55M | $3.59M | $3.21M | $4.92M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $-2.34M | $-1.35M | $1.67M | $7.23M | $19.02M | $3.81M | $2.37M | $-1.83M | $2.35M | $-19.04M | $-4.31M | $-865000.00 | $-3.46M | $-4.69M | $-7.81M | $-288000.00 | $-9.52M | $-3.42M | $-12.40M | $-56.70M |
| Net income growth (YoY) | — | +42.2% | +223.6% | +332.3% | +162.9% | -80.0% | -37.8% | -177.2% | +228.7% | -908.5% | +77.4% | +79.9% | -300.2% | -35.4% | -66.6% | +96.3% | -3204.2% | +64.1% | -263.3% | -357.1% |
| Profit margin | -3.1% | -1.6% | 1.9% | 8.4% | 17.6% | 3.5% | 2.1% | -1.7% | 2.2% | -17.5% | -4.1% | -0.8% | -2.9% | -4.0% | -7.6% | -0.2% | -8.4% | -3.0% | -13.2% | -65.5% |