Harvard Bioscience, Inc. HBIO

7.96 (0.06) (0.75%) as of 25 Sep
Market cap
$36.5M
P/E
0.0×
Insider Buys alert about insiders buying in the last 12 month

Insider Decisions

Total buys 0.10
in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — 3 — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 6.54%

Capital & Financial Ratios

Market Cap 36.51
Revenue 87.81
Net Income (10.41)
Free Cash Flow (1.83)
Net Debt 30.18
Current Ratio 1.87
Debt/Equity 4.95
P/E ratio 0.00
P/S ratio 0.41
P/B ratio 4.86
Past 5Y EPS Growth (18.10%)
This Y EPS Growth (90.00%)
Next Y EPS Growth 269.74%
Next 5Y EPS Growth 88.21%
in millions of $

Dividends

Payout Ratio 0.00
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2023 Powerpack
2022 Powerpack
2021 Powerpack
2020 Powerpack
2019 Powerpack
2017 Powerpack
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 4 4 9 7
Receivables 16 15 16 15
Inventory 25 23 21 22
Other 4 3 3 3
49 45 48 46
2023 2024 2025 Q'26
Payables 6 5 4 6
ST’ Debt 6 37 — —
Other 15 13 18 19
27 55 22 25
in millions of $

Compound Annual Growth

10y 5y 3y
Sales (2.25%) (3.25%) (8.60%)
Cash Flow 25.31% (6.33%) 80.09%
Earnings 0.00% 0.00% 0.00%
Book Value (15.90%) (29.10%) (42.49%)

Revenue

Mar Jun Sep Dec Year
’26 21 23 — — —
’25 22 20 21 24 87
’24 25 23 22 25 94
’23 30 29 25 28 112
’22 29 29 27 28 113
’21 27 29 30 33 119
’20 24 23 24 31 102
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26 (1) 0 — — —
’25 3 3 1 0 7
’24 1 (1) (1) 2 1
’23 2 4 4 4 14
’22 (2) 0 1 3 1
’21 1 1 (1) 0 1
’20 3 2 2 2 9
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 (1) (1) — — —
’25 2 3 1 (1) 5
’24 1 (2) (2) 1 (2)
’23 2 3 4 3 12
’22 (2) (1) 0 2 0
’21 1 1 (1) 0 0
’20 3 2 1 2 8
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 (0.77) (0.64) — — —
’25 (11.40) (0.50) (0.30) (0.60) (12.80)
’24 (1.10) (0.70) (1.10) 0.00 (2.80)
’23 0.15 (0.20) (0.30) (0.40) (0.80)
’22 (1.70) 0.60 (0.80) (0.40) (2.30)
’21 (0.20) (0.10) (0.04) 0.20 (0.07)
’20 (1.20) (0.40) (0.30) (0.15) (2.00)
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

2
1Buy 2 3Hold 4 5Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
22.50 22.50 29.60 15.10 13.90 38.70 19.80 24.20 19.50 2.80

Analyst estimates 2026–2028

Powerpack
Low Price
39.00 39.00 67.00 46.60 45.80 87.50 71.90 62.90 54.40 22.80
High Price
435 434 547 505 459 494 455 416 355 339
Employees
0 0 0 0 0 0 0 0 0 0
Revenue/Emp
105 77 121 116 102 119 113 112 94 87
Revenue
46.32% 50.60% 52.31% 55.37% 56.85% 56.90% 53.66% 58.86% 58.18% 57.67%
Gross Margin
(3) (3) (8) (6) (7) 0 (9) (3) (12) (57)
EBT
(2.94%) (3.39%) (6.60%) (4.74%) (7.14%) (0.12%) (8.10%) (2.28%) (12.39%) (66.30%)
EBT Margin
(4) (1) (3) (5) (8) 0 (10) (3) (12) (57)
Net Income
4 4 8 8 9 8 8 7 7 55
Depreciation
30.55 22.27 33.13 30.72 26.42 29.47 27.37 26.46 21.62 19.50
Revenue/Sh
(1.30) (0.20) (0.90) (1.20) (2.00) (0.07) (2.30) (0.80) (2.80) (12.80)
Earnings/Sh
1.57 0.30 0.79 2.13 2.41 0.31 0.28 3.31 0.33 1.52
Cash Flow/Sh
(0.42) (0.25) (0.27) (0.32) (0.36) (0.33) (0.38) (0.42) (0.75) (0.42)
Capex/Sh
1.15 0.05 0.52 1.81 2.05 (0.02) (0.11) 2.88 (0.42) 1.10
Free CF/Sh
21.10 23.28 22.69 21.60 19.85 20.67 17.44 17.23 14.55 3.09
Book Value/Sh
3 3 4 4 4 4 4 4 4 4
Shares
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
PE Ratio
0.95 1.48 0.96 0.99 1.62 2.39 0.98 2.04 0.98 0.34
PS Ratio
1.37 1.42 1.40 1.41 2.16 3.41 1.54 3.13 1.45 2.17
PB Ratio
1.03 1.57 1.40 1.38 2.01 2.73 1.35 2.32 1.69 1.05
EV/Sales
27.26 677.32 88.80 23.55 25.12 (3,914.78) (260.72) 21.34 (87.20) 18.69
EV/FCF
5 1 3 8 9 1 1 14 1 7
Op' Cash Flow
(1) (1) (1) (1) (1) (1) (2) (2) (3) (2)
Capex
4 0 2 7 8 0 0 12 (2) 5
FCF
31 33 32 28 31 36 28 22 (10) 26
Working Cap'
14 12 61 54 48 48 47 37 37 36
Total Debt
8 7 53 45 40 41 42 32 33 27
Net Debt
72 81 83 82 77 83 72 73 63 14
Sh' Equity
(3.78%) (0.80%) (2.10%) (2.81%) (4.86%) (0.18%) (6.19%) (2.42%) (9.40%) (54.86%)
ROA
(2.33%) (0.45%) 0.45% 0.19% 0.12% 1.04% (3.78%) 1.12% (4.04%) (74.07%)
ROIC
(5.75%) (1.13%) (3.57%) (5.70%) (9.86%) (0.36%) (12.23%) (4.70%) (18.19%) (147.13%)
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Harvard Bioscience, Inc. peers in Medical Instruments & Supplies

All 56 Medical Instruments & Supplies stocks →

Harvard Bioscience, Inc. (HBIO) key facts

  • Harvard Bioscience, Inc. (HBIO) is a Medical Instruments & Supplies company in the Healthcare sector, listed on Nasdaq.
  • Harvard Bioscience, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $86.6 million, down 8.06% from fiscal 2024.
  • As of September 25, 2026, HBIO traded at $7.96, a market capitalization of $36.5 million.
  • Return on equity was −147.1% and debt-to-equity 4.94.

Source: company filings (standardised) and stockrow calculations.

Harvard Bioscience, Inc. (HBIO) Latest News

News by impact score

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18 Aug

3 transcript

Harvard Bioscience (HBIO) released its Q2 2026 earnings call transcript covering financial results and operational updates. Earnings call details can moderately shift near-term investor sentiment and financial outlook.

11 Aug

4

Harvard Bioscience exceeded Q2 earnings estimates and raised its 2026 revenue guidance. Beating estimates and lifting long-term guidance signals stronger financial performance and growth outlook for Harvard Bioscience.

4

Harvard Bioscience, Inc. (HBIO) reported its financial results for the second quarter of 2025, highlighting a revenue increase driven by strong demand for its life sciences products. The company achieved a net income growth compared to the previous year, attributed to improved operational efficiencies and strategic investments. Management expressed optimism about future growth prospects, citing ongoing product development and expansion into new markets. The results reflect a positive trajectory for HBIO amidst a competitive landscape. The financial results indicate significant growth and strategic initiatives that could alter the company's future trajectory.

3 transcript

Harvard Bioscience, Inc. (HBIO) presented its Q2 2026 earnings results and operational highlights during the earnings call. Earnings call provides financial metrics and outlook that may influence short-term market sentiment without altering long-term trajectory.

3 transcript

Harvard Bioscience Inc reported an 11% revenue surge in its Q2 2026 earnings call. 11% revenue growth in quarterly results indicates moderate positive effects on financials and market view without altering long-term strategy.

3

Harvard Bioscience, Inc. (HBIO) reported its Q2 earnings, showing a revenue increase compared to the previous year. The company highlighted growth in its product lines and improvements in operational efficiency. Despite challenges in the market, HBIO remains optimistic about future prospects and strategic initiatives aimed at enhancing shareholder value. Revenue growth and operational improvements indicate a moderately noticeable influence on financial performance.

12 May

4

Harvard Bioscience Inc. (HBIO) Q1 2026 earnings call highlights revenue growth driven by new initiatives amid operational advancements. Revenue growth in Q1 2026 reflects major financial improvements and strategic progress boosting HBIO's market performance and investor sentiment.

3

Harvard Bioscience, Inc. (HBIO) released Q1 2026 earnings call summary detailing financial results, operational updates, and forward guidance. Q1 earnings call summary affects financial performance and investor sentiment moderately without fundamentally altering long-term trajectory.

3

Harvard Bioscience, Inc. (HBIO) announced first quarter 2026 financial results. Quarterly earnings announcements influence financial performance and investor sentiment but are routine disclosures.

15 Mar

4

Harvard Bioscience (HBIO) resets its investment narrative after lowering 2026 expectations, signaling a shift in long-term growth outlook amid operational challenges. Lowered 2026 expectations reset HBIO's investment narrative, significantly altering investor sentiment and long-term trajectory.

12 Mar

4

Harvard Bioscience Inc (HBIO) reported strong operational efficiency in Q4 2025 earnings call highlights. Strong operational efficiency in Q4 2025 earnings call signals major improvements in financial performance and competitive positioning.

4

Harvard Bioscience, Inc. released Q4 2025 earnings call summary highlighting financial results, performance metrics, and future outlook. Q4 earnings call details financial performance and guidance that significantly shape investor expectations and stock trajectory.

4 transcript

Harvard Bioscience (HBIO) released its earnings call transcript detailing quarterly financial results, operational updates, and forward-looking guidance. Earnings transcripts reveal financial performance, strategic initiatives, and guidance that significantly influence investor sentiment and stock trajectory.

4

Harvard Bioscience (HBIO) released Q4 earnings snapshot detailing financial results for the quarter. Q4 earnings snapshot reveals key financial metrics that significantly impact HBIO's market performance and investor sentiment.

4

Harvard Bioscience, Inc. announced fourth quarter and full-year 2025 financial results, highlighting key revenue, profitability, and operational metrics. Earnings announcements directly impact stock valuation, investor sentiment, and future performance expectations.

6 Mar

3

Harvard Bioscience, Inc. (HBIO) announced a reverse stock split. Reverse stock split signals potential compliance issues and can moderately impact market sentiment and stock liquidity.

10 Feb

4

Harvard Bioscience, Inc. (HBIO) announced preliminary financial results for the fourth quarter, highlighting a positive outlook for 2026. The company outlined its long-term strategic focus areas, indicating plans for growth and innovation in its operations. The announcement of a positive outlook and strategic focus areas suggests significant potential for future growth and market performance.

3 Feb

3

Harvard Bioscience, Inc. (HBIO) announced plans to relocate its manufacturing operations from Holliston, Massachusetts, to an out-of-state facility. This decision is part of a broader strategy to enhance operational efficiency and reduce costs. The company aims to streamline its production processes and improve its competitive position in the market. The move is expected to impact local employment and the community in Holliston. The relocation of manufacturing operations may moderately influence financial performance and operational efficiency.

29 Jan

4

Harvard Bioscience, Inc. (HBIO) has announced a strategic consolidation of its manufacturing operations aimed at improving efficiency and supporting long-term growth. This move is expected to streamline processes and enhance productivity, positioning the company for future success in the competitive bioscience market. The consolidation of manufacturing operations is a significant strategic move that could enhance efficiency and long-term growth prospects.

17 Dec

4

Harvard Bioscience, Inc. (HBIO) has successfully completed a debt refinancing initiative, which includes a comprehensive growth financing package. This strategic move aims to enhance the company's financial flexibility and support its growth objectives. The refinancing is expected to improve HBIO's capital structure and provide resources for future investments. The refinancing and growth financing package are likely to significantly enhance the company's financial position and support strategic growth initiatives.

9 Nov

3

Harvard Bioscience, Inc. (HBIO) has seen analysts reduce their price targets following its latest financial report, indicating a shift in market sentiment regarding the company's future performance. The adjustments reflect concerns over the company's growth prospects and overall market conditions. Analysts trimming price targets suggests a moderate influence on investor sentiment and financial performance.

7 Nov

3

Harvard Bioscience, Inc. (HBIO) is being evaluated for potential investment as analysts consider its recent performance and market position. The company has shown resilience in the face of challenges, and there are indications that it may be poised for growth. Investors are encouraged to assess the company's fundamentals and market trends to determine if now is the right time to buy shares. The company's recent performance and market position suggest a moderately noticeable influence on its future trajectory.

6 Nov

4 transcript

Harvard Bioscience, Inc. (HBIO) reported strong margins in its Q3 2025 earnings call, highlighting strategic initiatives aimed at enhancing operational efficiency and market positioning. The company emphasized its commitment to innovation and growth, showcasing robust financial performance and a positive outlook for future quarters. Strong margins and strategic initiatives are likely to significantly impact future performance and investor sentiment.

4

Harvard Bioscience, Inc. (HBIO) reported its Q3 earnings, highlighting a revenue increase driven by strong demand for its laboratory equipment and services. The company noted improvements in gross margins and a positive outlook for the upcoming quarters, attributing growth to strategic investments and product innovations. Management expressed confidence in maintaining momentum and expanding market share, despite ongoing challenges in the broader economic environment. Significant revenue growth and positive management outlook indicate a strong potential for future performance.

4

Harvard Bioscience, Inc. (HBIO) reported its financial results for the third quarter of 2025, highlighting key metrics such as revenue growth and net income. The company experienced an increase in sales driven by strong demand for its life sciences products. Management provided insights into future growth strategies and market opportunities, emphasizing ongoing investments in innovation and expansion. The results reflect a positive trajectory for HBIO, positioning it favorably within the competitive landscape. Strong revenue growth and strategic investments indicate significant potential for future performance.

30 Oct

3

Harvard Bioscience, Inc. (HBIO) has been identified as one of the most active stocks in the market, reflecting heightened trading activity and investor interest. This surge in activity may indicate potential shifts in market sentiment or investor confidence regarding the company's future performance. Increased trading activity suggests a moderately noticeable influence on market sentiment and potential financial performance.

16 Sep

4

Harvard Bioscience, Inc. has expanded its distribution agreement with Fisher Scientific to include the United States, enhancing its market reach and product availability. This strategic move aims to leverage Fisher Scientific's extensive distribution network to better serve customers in the U.S. market, potentially increasing sales and brand presence. The expansion of the distribution agreement is a significant strategic move that could enhance market presence and sales performance.

9 Sep

3

Harvard Bioscience, Inc. has appointed Stephen DeNelsky to its Board of Directors, enhancing its leadership team. DeNelsky brings extensive experience in the life sciences sector, having held various executive roles in public and private companies. His expertise is expected to contribute to the company's strategic direction and growth initiatives. The appointment of a seasoned executive may moderately influence the company's strategic direction and operational effectiveness.

16 Aug

4

Harvard Bioscience, Inc. (HBIO) reported its second quarter 2025 earnings, surpassing analysts' expectations. The company demonstrated strong revenue growth and improved profitability, driven by increased demand for its life sciences products. Management highlighted successful product launches and strategic initiatives that contributed to the positive financial results. The outlook for the remainder of the year remains optimistic, with expectations for continued growth in key markets. Strong revenue growth and positive outlook indicate significant impact on future performance.

12 Aug

3 transcript

Harvard Bioscience, Inc. (HBIO) reported challenges in revenue during its Q2 2025 earnings call, highlighting a need for strategic adjustments to navigate the current market landscape. The company discussed various factors impacting its financial performance and outlined plans to enhance operational efficiency and product offerings. Despite the hurdles, management expressed optimism about future growth opportunities and the potential for recovery in key segments. Revenue challenges and strategic adjustments may moderately influence financial performance and market positioning.

stockrow.com/HBIO · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com