Harvard Apparatus Regenerative Technology, Inc. financials
Source: EDGAR filings · Built 2026-06-19T02:31:08Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | — | -4.85M | -6.95M | -5.11M | -2.63M | -4.05M |
| EBITDA | -6.91M | -7.71M | -8.96M | -6.10M | -8.53M | -5.14M |
| Working Capital | 295.00K | 2.21M | -185.00K | 231.00K | -3.25M | 921.00K |
| Net Debt | -970.00K | -1.94M | -384.00K | -1.09M | -1.07M | -440.00K |
| Gross Margin | 8.24% | 37.21% | 76.70% | — | — | — |
| Operating Margin | -982.24% | -1796.74% | -8728.16% | — | — | — |
| Net Margin | -975.71% | -1798.14% | -8684.47% | — | — | — |
| Return on Equity (ROE) | -649.86% | -239.98% | -543.44% | 190.32% | 263.39% | -432.44% |
| Return on Assets (ROA) | -256.59% | -174.07% | -342.20% | -253.04% | -427.55% | -234.34% |
| Current Ratio | 1.19× | 3.17× | 0.81× | 1.17× | 0.33× | 2.22× |
| Debt-to-Equity | 0.36× | 0.17× | 0.03× | -0.05× | -0.06× | 0.52× |
| Effective Tax Rate | 0.00% | 0.00% | — | — | — | — |
| Cash Conversion Ratio | 0.56× | 0.63× | 0.78× | 0.84× | 0.33× | 0.83× |
| Accruals Ratio | -1.14× | -0.65× | -0.77× | -0.40× | -2.87× | -0.40× |
| SBC % of Revenue | 285.51% | 558.60% | 3360.19% | — | — | — |
| CapEx Coverage | — | — | -630.82× | -1021.20× | — | -577.29× |
| Free Cash Flow Per Share | — | $-0.33 | $-0.52 | $-0.45 | $-0.26 | $-0.00 |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 704.00K | 430.00K | 103.00K | — | — | — |
| Revenues | — | — | — | — | 0 | 0 |
| Cost of Revenue | 646.00K | 270.00K | 24.00K | — | — | — |
| Research and Development Expense | 2.65M | 2.31M | 3.06M | 1.74M | 1.59M | 2.07M |
| Selling, General and Administrative Expense | — | — | — | 4.41M | 7.04M | 3.26M |
| Operating Expenses | — | — | 9.09M | 6.15M | 8.64M | 5.33M |
| Operating Income (Loss) | -6.92M | -7.73M | -8.99M | -6.15M | -8.64M | -5.33M |
| Income Tax Expense (Benefit) | 0 | 0 | — | — | — | — |
| Net Income (Loss) Attributable to Parent | -6.87M | -7.73M | -8.95M | -6.07M | -7.98M | -4.87M |
| Earnings Per Share, Basic | $-0.42 | $-0.52 | $-0.67 | $-0.55 | $-0.79 | $-0.55 |
| Weighted Average Number of Shares Outstanding, Basic | 16.52M | 14.79M | 13.46M | 11.35M | 10.06M | 8.79B |
| Earnings Per Share, Diluted | — | — | $-0.67 | $-0.55 | $-0.79 | $-0.55 |
| Weighted Average Number of Shares Outstanding, Diluted | — | — | 13.46M | 11.35M | 10.06M | 8.79B |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 1.35M | 2.49M | 432.00K | 1.24M | — | — |
| Assets, Current | 1.83M | 3.23M | 783.00K | 1.59M | 1.59M | 1.68M |
| Assets | 2.68M | 4.44M | 2.61M | 2.40M | 1.87M | 2.08M |
| Liabilities, Current | 1.53M | 1.02M | 968.00K | 1.36M | 4.84M | 756.00K |
| Liabilities | 1.62M | 1.22M | 968.00K | 1.41M | 4.89M | 951.00K |
| Stockholders' Equity Attributable to Parent | 1.06M | 3.22M | 1.65M | -3.19M | -3.03M | 1.13M |
| Common Stock, Shares, Outstanding | 17.58M | 15.92M | 13.95M | 12.17M | 10.76M | 9.39M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -3.83M | -4.85M | -6.94M | -5.11M | -2.63M | -4.04M |
| Payments to Acquire Property, Plant, and Equipment | — | 0 | 11.00K | 5.00K | 0 | 7.00K |
| Net Cash Provided by (Used in) Investing Activities | — | 0 | -11.00K | -5.00K | 0 | -7.00K |
| Payments for Repurchase of Common Stock | — | — | — | — | 0 | 42.00K |
| Net Cash Provided by (Used in) Financing Activities | 2.70M | 6.91M | 6.14M | 5.06M | 2.84M | 4.16M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| EBITDA | -1.60M | -1.70M | — | — | -1.67M | -1.36M |
| Working Capital | -778.00K | 295.00K | 751.00K | -114.00K | 1.11M | 2.21M |
| Net Debt | -131.00K | -970.00K | -1.09M | -474.00K | -1.30M | -1.94M |
| Gross Margin | 8.85% | 9.13% | 8.94% | 4.73% | 26.67% | 32.17% |
| Operating Margin | -710.62% | -775.34% | -1393.50% | -578.23% | -3711.11% | -529.07% |
| Net Margin | -708.41% | -770.32% | -1382.11% | -575.08% | -3686.67% | -520.93% |
| Return on Equity (ROE) | -1740.22% | -159.60% | -109.40% | -239.55% | -81.01% | -41.71% |
| Return on Assets (ROA) | -89.04% | -63.02% | -66.77% | -85.31% | -48.58% | -30.26% |
| Current Ratio | 0.53× | 1.19× | 1.86× | 0.91× | 1.93× | 3.17× |
| Debt-to-Equity | 3.13× | 0.36× | 0.14× | 0.41× | 0.21× | 0.17× |
| Cash Conversion Ratio | 0.59× | 0.39× | 1.86× | 0.93× | 0.46× | 0.84× |
| Accruals Ratio | -0.37× | -0.38× | 0.57× | -0.06× | -0.26× | -0.05× |
| SBC % of Revenue | 279.65% | 225.11% | 1233.33% | 322.40% | 1077.78% | 274.42% |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 226.00K | 219.00K | 123.00K | 317.00K | 45.00K | 258.00K |
| Cost of Revenue | 206.00K | 199.00K | 112.00K | 302.00K | 33.00K | 175.00K |
| Research and Development Expense | 563.00K | 700.00K | 655.00K | 697.00K | 601.00K | 271.00K |
| Operating Income (Loss) | -1.61M | -1.70M | -1.71M | -1.83M | -1.67M | -1.36M |
| Income Tax Expense (Benefit) | 0 | — | — | — | 0 | — |
| Net Income (Loss) Attributable to Parent | -1.60M | -1.69M | -1.70M | -1.82M | -1.66M | -1.34M |
| Earnings Per Share, Basic | $-0.09 | $-0.10 | $-0.10 | $-0.11 | $-0.10 | $-0.08 |
| Weighted Average Number of Shares Outstanding, Basic | 17.58M | 16.52M | 17.03M | 15.92M | 15.92M | 14.79M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 419.00K | 1.35M | 1.32M | 786.00K | 1.73M | 2.49M |
| Assets, Current | 873.00K | 1.83M | 1.63M | 1.12M | 2.30M | 3.23M |
| Assets | 1.80M | 2.68M | 2.55M | 2.14M | 3.42M | 4.44M |
| Liabilities, Current | 1.65M | 1.53M | 876.00K | 1.23M | 1.20M | 1.02M |
| Liabilities | 1.71M | 1.62M | 992.00K | 1.38M | 1.37M | 1.22M |
| Stockholders' Equity Attributable to Parent | 92.00K | 1.06M | 1.55M | 761.00K | 2.05M | 3.22M |
| Common Stock, Shares, Outstanding | 17.58M | 17.58M | 17.17M | 15.92M | 15.92M | 15.92M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -937.00K | -664.00K | -3.16M | -1.70M | -758.00K | -1.13M |
| Net Cash Provided by (Used in) Financing Activities | — | 700.00K | 2.00M | 0 | 0 | 0 |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (HRGN CIK 0001563665),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.