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Harbor BioSciences, Inc.

EDGAR
Annual report (10-K) · filed 2026-10-09

Annual consolidated revenue for 2025: about USD 66.68M, using the latest reported figures. The previous period, 2024, was about USD 202.4M.

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Watchlist

Latest fiscal year

Revenue

66.7 million USD

2025 · USD

Exact inputs and evidence

Operating margin

-22.12%

2025 · %

Exact inputs and evidence
  • Operating Income: -14749000 USD Source
  • Revenue: 66677000 USD Source

Operating cash flow

-32.3 million USD

2025 · USD

Exact inputs and evidence
  • Operating Cash Flow: -32299000 USD Source

Free cash flow

-32.8 million USD

2025 · USD

Exact inputs and evidence
  • Operating Cash Flow: -32299000 USD Source
  • Capital Expenditure: 494000 USD Source
Cash and cash equivalents
13.5 million USD Source
Exact value

13517000 USD

Long-term debt including current maturities
52.6 million USD Source
Exact value

52554000 USD

Shares outstanding
58.4 million shares Source
Exact value

58429836 shares

Reported share-count change

-0.11% · -63.9 thousand shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence
  • 58493761 shares · 2024-12-31· Source
  • 58429836 shares · 2025-12-31· Source

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Net income

30 thousand USD

2025-01-01 – 2025-12-31

Exact inputs and evidence
  • Net income: 16481000 USD · 2025-01-01 – 2025-03-31 Source
  • Net income: -15837000 USD · 2025-04-01 – 2025-06-30 Source
  • Net income: -5143000 USD · 2025-07-01 – 2025-09-30 Source
  • Net income: 30000 USD · 2025-01-01 – 2025-12-31 Source
  • Net income: -4499000 USD · 2025-01-01 – 2025-09-30 Source

Operating cash flow

-32.3 million USD

2025-01-01 – 2025-12-31

Exact inputs and evidence
  • Operating cash flow: 12592000 USD · 2025-01-01 – 2025-03-31 Source
  • Operating cash flow: -9248000 USD · 2025-01-01 – 2025-06-30 Source
  • Operating cash flow: 12592000 USD · 2025-01-01 – 2025-03-31 Source
  • Operating cash flow: -18500000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: -9248000 USD · 2025-01-01 – 2025-06-30 Source
  • Operating cash flow: -32299000 USD · 2025-01-01 – 2025-12-31 Source
  • Operating cash flow: -18500000 USD · 2025-01-01 – 2025-09-30 Source

Capital expenditure

494 thousand USD

2025-01-01 – 2025-12-31

Exact inputs and evidence
  • Capital expenditure: 22000 USD · 2025-01-01 – 2025-03-31 Source
  • Capital expenditure: 73000 USD · 2025-01-01 – 2025-06-30 Source
  • Capital expenditure: 22000 USD · 2025-01-01 – 2025-03-31 Source
  • Capital expenditure: 223000 USD · 2025-01-01 – 2025-09-30 Source
  • Capital expenditure: 73000 USD · 2025-01-01 – 2025-06-30 Source
  • Capital expenditure: 494000 USD · 2025-01-01 – 2025-12-31 Source
  • Capital expenditure: 223000 USD · 2025-01-01 – 2025-09-30 Source

Free cash flow

-32.8 million USD

2025-01-01 – 2025-12-31

Exact inputs and evidence
  • Operating cash flow: 12592000 USD · 2025-01-01 – 2025-03-31 Source
  • Operating cash flow: -9248000 USD · 2025-01-01 – 2025-06-30 Source
  • Operating cash flow: 12592000 USD · 2025-01-01 – 2025-03-31 Source
  • Operating cash flow: -18500000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: -9248000 USD · 2025-01-01 – 2025-06-30 Source
  • Operating cash flow: -32299000 USD · 2025-01-01 – 2025-12-31 Source
  • Operating cash flow: -18500000 USD · 2025-01-01 – 2025-09-30 Source
  • Capital expenditure: 22000 USD · 2025-01-01 – 2025-03-31 Source
  • Capital expenditure: 73000 USD · 2025-01-01 – 2025-06-30 Source
  • Capital expenditure: 22000 USD · 2025-01-01 – 2025-03-31 Source
  • Capital expenditure: 223000 USD · 2025-01-01 – 2025-09-30 Source
  • Capital expenditure: 73000 USD · 2025-01-01 – 2025-06-30 Source
  • Capital expenditure: 494000 USD · 2025-01-01 – 2025-12-31 Source
  • Capital expenditure: 223000 USD · 2025-01-01 – 2025-09-30 Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-10-09.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 3 of 11 periods available· newest 2025-12-31
  • Operating income: 8 of 11 periods available· newest 2025-12-31
  • Net income: 8 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 8 of 11 periods available· newest 2025-12-31
  • Capital expenditure: 8 of 11 periods available· newest 2025-12-31
  • Total assets: 3 of 11 periods available· newest 2025-12-31
  • Total liabilities: 2 of 11 periods available· newest 2024-12-31
  • Current assets: 3 of 11 periods available· newest 2025-12-31
  • Current liabilities: 3 of 11 periods available· newest 2025-12-31
  • Cash and cash equivalents: 3 of 11 periods available· newest 2025-12-31
  • Long-term debt including current maturities: 1 of 11 periods available· newest 2020-12-31
  • Shares outstanding: 3 of 11 periods available· newest 2025-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    -67.1%

    Prior period

    USD 202.38 million

    –

    Current period

    USD 66.68 million

    –

    Exact inputs and evidence

    66677000 − 202383000 = -135706000 USD

    202383000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    66677000 USD · 2025-01-01 – 2025-12-31

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  • Net income

    +USD 17.21 million

    Prior period

    −USD 17.18 million

    –

    Current period

    USD 30,000

    –

    Exact inputs and evidence

    30000 − -17175000 = 17205000 USD

    -17175000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    30000 USD · 2025-01-01 – 2025-12-31

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  • Operating cash flow

    -343.1%

    Prior period

    USD 13.29 million

    –

    Current period

    −USD 32.3 million

    –

    Exact inputs and evidence

    -32299000 − 13285000 = -45584000 USD

    13285000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    -32299000 USD · 2025-01-01 – 2025-12-31

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  • Capital expenditure

    -83%

    Prior period

    USD 2.9 million

    –

    Current period

    USD 494,000

    –

    Exact inputs and evidence

    494000 − 2900000 = -2406000 USD

    2900000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    494000 USD · 2025-01-01 – 2025-12-31

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Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue USD 66.68 million 100% of revenue
  • Operating costs Derived USD 81.43 million 122% of revenue
  • Operating income −USD 14.75 million −22% of revenue
  • Tax, interest and other Derived −USD 14.78 million −22% of revenue
  • Net income USD 30,000 0% of revenue

Cash

  • Operating cash flow −USD 32.3 million −48% of revenue
  • Capital expenditure USD 494,000 0.7% of revenue
  • Free cash flow Derived −USD 32.79 million −49% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2020 Net income was higher than operating income, so the split is not drawn.
  • 2024 Operating loss: operating costs were 112% of revenue.
  • 2025 Operating loss: operating costs were 122% of revenue.
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2020 2020-01-01 – 2020-12-317307000 -36043000 Derived 43350000 3587000 Derived 39763000 64429000 Derived
Source
2024 2024-01-01 – 2024-12-31202383000 226586000 Derived -24203000 -7028000 Derived -17175000 10385000 Derived
Source
2025 2025-01-01 – 2025-12-3166677000 81426000 Derived -14749000 -14779000 Derived 30000 -32793000 Derived
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 66.7M 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.218.6M163.9M109.3M54.6M0.0202020242025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2020Revenue7307000
2024Revenue202383000
2025Revenue66677000

Revenue growth

Change in revenue from the same financial period one year earlier.

-67.1% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.5%-14%-34%-53%-72%202020242025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2020Year over yearNo prior comparable period
2024Year over yearNo prior comparable period
2025Year over year-67.1%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin -22.1% 2025
Net margin 0% 2025
Free cash flow margin -49.2% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.956%686%416%146%-124%202020242025
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2020Operating margin593.3%
2024Operating margin-12%
2025Operating margin-22.1%
2020Net margin544.2%
2024Net margin-8.5%
2025Net margin0%
2020Free cash flow margin881.7%
2024Free cash flow margin5.1%
2025Free cash flow margin-49.2%

Operating cash flow

Cash generated by the company’s normal business operations.

USD -32.3M 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.81.6M51.0M20.4M-10.1M-40.7M202020242025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2020Operating cash flow73178000
2024Operating cash flow13285000
2025Operating cash flow-32299000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD -32.8M 2025
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.72.2M44.0M15.8M-12.4M-40.6M202020242025
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2020Free cash flow64429000
2024Free cash flow10385000
2025Free cash flow-32793000

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

22.3% 2024
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.68%51%34%17%0%202020242025-12-31
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2020Liabilities / assets63%
2024Liabilities / assets22.3%
2025-12-31Liabilities / assetsNot reported

Current assets to current liabilities

Current assets divided by current liabilities.

9.11× 2025
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.9.84×7.38×4.92×2.46×0.00×202020242025
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2020Current assets / current liabilities2.1×
2024Current assets / current liabilities3.82×
2025Current assets / current liabilities9.11×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2018 2018-01-01 – 2018-12-31
USD 181.31 million
Exact value

Exact value: 181313000 USD

2018-01-01 – 2018-12-31: 181313000 USD Inspect Net Income Open source
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USD 15.6 million
Exact value

Exact value: 15598000 USD

2018-01-01 – 2018-12-31: 15598000 USD Inspect Operating Cash Flow Open source
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USD 31.58 million
Exact value

Exact value: 31583000 USD

2018-01-01 – 2018-12-31: 31583000 USD Inspect Capital Expenditure Open source
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−USD 15.99 million
Calculation and evidence

15598000 − 31583000 USD

Exact free cash flow: -15985000 USD

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2019 2019-01-01 – 2019-12-31
−USD 19.21 million
Exact value

Exact value: -19214000 USD

2019-01-01 – 2019-12-31: -19214000 USD Inspect Net Income Open source
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USD 25.55 million
Exact value

Exact value: 25546000 USD

2019-01-01 – 2019-12-31: 25546000 USD Inspect Operating Cash Flow Open source
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USD 21.5 million
Exact value

Exact value: 21498000 USD

2019-01-01 – 2019-12-31: 21498000 USD Inspect Capital Expenditure Open source
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USD 4.05 million
Calculation and evidence

25546000 − 21498000 USD

Exact free cash flow: 4048000 USD

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2020 2020-01-01 – 2020-12-31
USD 39.76 million
Exact value

Exact value: 39763000 USD

2020-01-01 – 2020-12-31: 39763000 USD Inspect Net Income Open source
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USD 73.18 million
Exact value

Exact value: 73178000 USD

2020-01-01 – 2020-12-31: 73178000 USD Inspect Operating Cash Flow Open source
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USD 8.75 million
Exact value

Exact value: 8749000 USD

2020-01-01 – 2020-12-31: 8749000 USD Inspect Capital Expenditure Open source
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USD 64.43 million
Calculation and evidence

73178000 − 8749000 USD

Exact free cash flow: 64429000 USD

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2021 2021-01-01 – 2021-12-31
USD 92.63 million
Exact value

Exact value: 92626000 USD

2021-01-01 – 2021-12-31: 92626000 USD Inspect Net Income Open source
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USD 94.21 million
Exact value

Exact value: 94213000 USD

2021-01-01 – 2021-12-31: 94213000 USD Inspect Operating Cash Flow Open source
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USD 3.64 million
Exact value

Exact value: 3637000 USD

2021-01-01 – 2021-12-31: 3637000 USD Inspect Capital Expenditure Open source
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USD 90.58 million
Calculation and evidence

94213000 − 3637000 USD

Exact free cash flow: 90576000 USD

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2022 2022-01-01 – 2022-12-31
USD 7.5 million
Exact value

Exact value: 7502000 USD

2022-01-01 – 2022-12-31: 7502000 USD Inspect Net Income Open source
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USD 45.03 million
Exact value

Exact value: 45034000 USD

2022-01-01 – 2022-12-31: 45034000 USD Inspect Operating Cash Flow Open source
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USD 5.51 million
Exact value

Exact value: 5513000 USD

2022-01-01 – 2022-12-31: 5513000 USD Inspect Capital Expenditure Open source
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USD 39.52 million
Calculation and evidence

45034000 − 5513000 USD

Exact free cash flow: 39521000 USD

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2023 2023-01-01 – 2023-12-31
−USD 15.99 million
Exact value

Exact value: -15985000 USD

2023-01-01 – 2023-12-31: -15985000 USD Inspect Net Income Open source
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−USD 12.03 million
Exact value

Exact value: -12027000 USD

2023-01-01 – 2023-12-31: -12027000 USD Inspect Operating Cash Flow Open source
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USD 4.49 million
Exact value

Exact value: 4487000 USD

2023-01-01 – 2023-12-31: 4487000 USD Inspect Capital Expenditure Open source
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−USD 16.51 million
Calculation and evidence

-12027000 − 4487000 USD

Exact free cash flow: -16514000 USD

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2024 2024-01-01 – 2024-12-31
−USD 17.18 million
Exact value

Exact value: -17175000 USD

2024-01-01 – 2024-12-31: -17175000 USD Inspect Net Income Open source
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USD 13.29 million
Exact value

Exact value: 13285000 USD

2024-01-01 – 2024-12-31: 13285000 USD Inspect Operating Cash Flow Open source
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USD 2.9 million
Exact value

Exact value: 2900000 USD

2024-01-01 – 2024-12-31: 2900000 USD Inspect Capital Expenditure Open source
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USD 10.39 million
Calculation and evidence

13285000 − 2900000 USD

Exact free cash flow: 10385000 USD

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2025 2025-01-01 – 2025-12-31
USD 30,000
Exact value

Exact value: 30000 USD

2025-01-01 – 2025-12-31: 30000 USD Inspect Net Income Open source
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−USD 32.3 million
Exact value

Exact value: -32299000 USD

2025-01-01 – 2025-12-31: -32299000 USD Inspect Operating Cash Flow Open source
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USD 494,000
Exact value

Exact value: 494000 USD

2025-01-01 – 2025-12-31: 494000 USD Inspect Capital Expenditure Open source
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−USD 32.79 million
Calculation and evidence

-32299000 − 494000 USD

Exact free cash flow: -32793000 USD

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Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

99 filings · 2,144 latest values · 2,144 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0000899394, 899394, edgar:899394

Also known as HARBOR DIVERSIFIED, INC., HOLLIS EDEN PHARMACEUTICALS INC /DE/, Harbor BioSciences, Inc., INITIAL ACQUISITION CORP