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Side-by-side financial comparison of HARROW, INC. (HROW) and TELOS CORP (TLS). Click either name above to swap in a different company.
HARROW, INC. is the larger business by last-quarter revenue ($89.1M vs $46.8M, roughly 1.9× TELOS CORP). HARROW, INC. runs the higher net margin — 7.4% vs -34.9%, a 42.3% gap on every dollar of revenue. On growth, TELOS CORP posted the faster year-over-year revenue change (77.4% vs 33.3%). HARROW, INC. produced more free cash flow last quarter ($8.1M vs $8.0M). Over the past eight quarters, HARROW, INC.'s revenue compounded faster (60.5% CAGR vs 25.7%).
Harrow Health, Inc., formerly known as Imprimis Pharmaceuticals, is a publicly traded pharmaceutical company based in Nashville, Tennessee.
Telos Corporation is an information technology and cybersecurity company located in Ashburn, Virginia. Telos primarily serves government and enterprise clients, receiving a large number of its contracts from the United States Department of Defense. Customers are primarily military, intelligence and civilian agencies of the US government and NATO allies.
HROW vs TLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $89.1M | $46.8M |
| Net Profit | $6.6M | $-16.3M |
| Gross Margin | 79.3% | 35.0% |
| Operating Margin | 17.5% | -39.6% |
| Net Margin | 7.4% | -34.9% |
| Revenue YoY | 33.3% | 77.4% |
| Net Profit YoY | -2.2% | -74.8% |
| EPS (diluted) | $0.20 | $-0.22 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $89.1M | $46.8M | ||
| Q3 25 | $71.6M | $51.4M | ||
| Q2 25 | $63.7M | $36.0M | ||
| Q1 25 | $47.8M | $30.6M | ||
| Q4 24 | $66.8M | $26.4M | ||
| Q3 24 | $49.3M | $23.8M | ||
| Q2 24 | $48.9M | $28.5M | ||
| Q1 24 | $34.6M | $29.6M |
| Q4 25 | $6.6M | $-16.3M | ||
| Q3 25 | $1.0M | $-2.1M | ||
| Q2 25 | $5.0M | $-9.5M | ||
| Q1 25 | $-17.8M | $-8.6M | ||
| Q4 24 | $6.8M | $-9.3M | ||
| Q3 24 | $-4.2M | $-28.1M | ||
| Q2 24 | $-6.5M | $-7.8M | ||
| Q1 24 | $-13.6M | $-7.4M |
| Q4 25 | 79.3% | 35.0% | ||
| Q3 25 | 75.3% | 39.9% | ||
| Q2 25 | 74.5% | 33.2% | ||
| Q1 25 | 67.5% | 39.8% | ||
| Q4 24 | 78.8% | 40.3% | ||
| Q3 24 | 75.6% | 13.2% | ||
| Q2 24 | 74.4% | 34.1% | ||
| Q1 24 | 69.5% | 37.0% |
| Q4 25 | 17.5% | -39.6% | ||
| Q3 25 | 20.6% | -4.8% | ||
| Q2 25 | 17.9% | -27.5% | ||
| Q1 25 | -23.5% | -29.5% | ||
| Q4 24 | 19.3% | -37.6% | ||
| Q3 24 | 2.7% | -121.4% | ||
| Q2 24 | 3.1% | -30.3% | ||
| Q1 24 | -20.0% | -28.5% |
| Q4 25 | 7.4% | -34.9% | ||
| Q3 25 | 1.4% | -4.1% | ||
| Q2 25 | 7.8% | -26.5% | ||
| Q1 25 | -37.2% | -28.1% | ||
| Q4 24 | 10.1% | -35.4% | ||
| Q3 24 | -8.6% | -118.0% | ||
| Q2 24 | -13.2% | -27.2% | ||
| Q1 24 | -39.2% | -24.9% |
| Q4 25 | $0.20 | $-0.22 | ||
| Q3 25 | $0.03 | $-0.03 | ||
| Q2 25 | $0.13 | $-0.13 | ||
| Q1 25 | $-0.50 | $-0.12 | ||
| Q4 24 | $0.19 | $-0.13 | ||
| Q3 24 | $-0.12 | $-0.39 | ||
| Q2 24 | $-0.18 | $-0.11 | ||
| Q1 24 | $-0.38 | $-0.10 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $72.9M | $53.2M |
| Total DebtLower is stronger | $250.0M | — |
| Stockholders' EquityBook value | $52.4M | $96.0M |
| Total Assets | $399.5M | $139.9M |
| Debt / EquityLower = less leverage | 4.77× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $72.9M | $53.2M | ||
| Q3 25 | $74.3M | $59.0M | ||
| Q2 25 | $53.0M | $57.0M | ||
| Q1 25 | $66.7M | $57.8M | ||
| Q4 24 | $47.2M | $54.6M | ||
| Q3 24 | $72.6M | $69.8M | ||
| Q2 24 | $71.0M | $80.1M | ||
| Q1 24 | $76.0M | $93.9M |
| Q4 25 | $250.0M | — | ||
| Q3 25 | $347.2M | — | ||
| Q2 25 | $250.6M | — | ||
| Q1 25 | $256.9M | — | ||
| Q4 24 | $262.7M | — | ||
| Q3 24 | $230.7M | — | ||
| Q2 24 | $236.3M | — | ||
| Q1 24 | $243.4M | — |
| Q4 25 | $52.4M | $96.0M | ||
| Q3 25 | $47.0M | $119.7M | ||
| Q2 25 | $49.7M | $118.4M | ||
| Q1 25 | $56.5M | $126.1M | ||
| Q4 24 | $69.7M | $127.1M | ||
| Q3 24 | $58.0M | $129.5M | ||
| Q2 24 | $58.5M | $149.1M | ||
| Q1 24 | $60.6M | $154.4M |
| Q4 25 | $399.5M | $139.9M | ||
| Q3 25 | $363.1M | $164.3M | ||
| Q2 25 | $345.0M | $165.0M | ||
| Q1 25 | $364.2M | $158.1M | ||
| Q4 24 | $389.0M | $158.2M | ||
| Q3 24 | $351.5M | $166.3M | ||
| Q2 24 | $306.6M | $182.4M | ||
| Q1 24 | $295.5M | $195.4M |
| Q4 25 | 4.77× | — | ||
| Q3 25 | 7.39× | — | ||
| Q2 25 | 5.05× | — | ||
| Q1 25 | 4.55× | — | ||
| Q4 24 | 3.77× | — | ||
| Q3 24 | 3.98× | — | ||
| Q2 24 | 4.04× | — | ||
| Q1 24 | 4.02× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $8.4M | $8.0M |
| Free Cash FlowOCF − Capex | $8.1M | $8.0M |
| FCF MarginFCF / Revenue | 9.1% | 17.0% |
| Capex IntensityCapex / Revenue | 0.4% | 0.1% |
| Cash ConversionOCF / Net Profit | 1.27× | — |
| TTM Free Cash FlowTrailing 4 quarters | $43.0M | $29.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.4M | $8.0M | ||
| Q3 25 | $16.6M | $9.1M | ||
| Q2 25 | $-803.0K | $7.0M | ||
| Q1 25 | $19.7M | $6.1M | ||
| Q4 24 | $-17.8M | $-10.5M | ||
| Q3 24 | $3.0M | $-7.1M | ||
| Q2 24 | $-2.7M | $-8.0M | ||
| Q1 24 | $-4.6M | $-350.0K |
| Q4 25 | $8.1M | $8.0M | ||
| Q3 25 | $16.4M | $8.7M | ||
| Q2 25 | $-969.0K | $6.8M | ||
| Q1 25 | $19.5M | $6.0M | ||
| Q4 24 | $-18.3M | $-12.4M | ||
| Q3 24 | $2.3M | $-7.1M | ||
| Q2 24 | $-3.1M | $-8.2M | ||
| Q1 24 | $-4.7M | $-447.0K |
| Q4 25 | 9.1% | 17.0% | ||
| Q3 25 | 22.9% | 16.9% | ||
| Q2 25 | -1.5% | 19.0% | ||
| Q1 25 | 40.8% | 19.5% | ||
| Q4 24 | -27.4% | -47.0% | ||
| Q3 24 | 4.8% | -30.0% | ||
| Q2 24 | -6.3% | -28.9% | ||
| Q1 24 | -13.6% | -1.5% |
| Q4 25 | 0.4% | 0.1% | ||
| Q3 25 | 0.3% | 0.9% | ||
| Q2 25 | 0.3% | 0.4% | ||
| Q1 25 | 0.4% | 0.4% | ||
| Q4 24 | 0.8% | 7.1% | ||
| Q3 24 | 1.2% | 0.2% | ||
| Q2 24 | 0.7% | 0.8% | ||
| Q1 24 | 0.3% | 0.3% |
| Q4 25 | 1.27× | — | ||
| Q3 25 | 16.26× | — | ||
| Q2 25 | -0.16× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -2.62× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HROW
Segment breakdown not available.
TLS
| Security Solutions Segment | $44.8M | 96% |
| Secure Networks Segment | $1.9M | 4% |
