HBIO · NASDAQ · Medical - Instruments & Supplies

Harvard Bioscience (HBIO)

Builds research tools for preclinical and cellular-and-molecular science.

$8.06
vs last close+0.06 (+0.75%)
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Harvard Bioscience, Inc.HBIO
Health Care

Sells preclinical, cellular-and-molecular, and electrophysiology research tools. Its portfolio is being aligned around translational-science applications after an acquisition-led expansion of complementary technologies.

Preclinical, cellular-and-molecular, electrophysiology, and related research tools make up the portfolio. The business grew from Harvard Apparatus physiology equipment into a broader collection of life-science technologies through internal development and acquisitions. The collection reflects an acquisition-led evolution rather than a single product line.

A translational-science focus now guides the portfolio, innovation pipeline, and operating model. The company describes its role as a bridge from traditional research tools toward translational-medicine applications.

Recent operations have included restructuring, discontinuing certain non-strategic products, and manufacturing consolidation. Those changes shape the operating model alongside the portfolio transition.

Company facts

CEOJohn Duke
ListedDec 7, 2000
ExchangeNASDAQ
HeadquartersHolliston, MA
CountryUnited States
Employees339
CIK0001123494
ISINUS4169062043

Market cap$36.1M
EPS (ttm)−$2.33
P/E (ttm)−3.44
ROE-92.0%
P/B4.86
P/S0.4109
Dividend yieldDiv yield
Beta1.27vs XLV 0.26

Price target$38.00+375.0%Average of 5 analysts
ConsensusBuy4 of 5 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Mar 13, 2026New StreetTarget
Target:
Target: $0.60
Apr 9, 2025KeybancDowngrade
Rating: Overweight
Rating: Sector Weight
Apr 8, 2025KeybancDowngrade
Rating: Overweight
Rating: Sector Weight

Next report
Nov 5, 26
in 44 days
EPS estimate
−$0.17
Revenue estimate
$21.8M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported$0.60−$0.10−$0.10−$0.28−$0.64−$0.33−$0.14Pending
Estimate$0.07−$0.20−$0.25$0.05$0.04−$0.62−$0.21−$0.17
Surprise+757.1%+50.0%+60.0%−652.0%−1,700.0%+46.8%+33.3%

RevenueReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported$24.6M$21.8M$20.5M$20.6M$23.7M$20.8M$22.7MPending
Estimate$24.2M$19.2M$18.8M$20.0M$23.1M$21.2M$21.5M$21.8M
Surprise+1.7%+13.4%+9.1%+3.0%+2.7%−2.1%+6.0%
Estimate−$0.17
ReportedDue Nov 5, 2026
Estimate$21.8M
ReportedDue Nov 5, 2026
View details

Debt to equity595.90%
Current ratio187.40%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$22.0M$24.6M$21.8M$20.5M$20.6M$23.7M$20.8M$22.7M
Net income−$4.8M$18.0K−$50.3M−$2.3M−$1.2M−$2.8M−$3.4M−$2.9M
Net margin0.0%0.1%0.0%0.0%0.0%0.0%0.0%0.0%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$1.9M$11.0K−$49.7M−$819.0K$197.0K$1.9M−$119.0K−$978.0K
YoY growthLoss widened−96.1%Loss widenedLoss narrowedTurned profit+17,418.2%Loss narrowedLoss widened

Balance sheet, Jun 30, 2026Cash & short-term investments $6.5M · Total debt $44.2M · Total assets $76.3M · Shareholders' equity $7.4M

Revenue
$22.7M
Operating income
−$978.0K
Net income
−$2.9M
View details

No dividends on record.

Institutions29.73%1.35M shares
34 holders · as of Jun 30, 2026
Insiders33.01%1.50M shares
9 holders · as of Jun 12, 2026
Other37.26%1.70M shares
remainder

4.55M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
William Snider1Insiderdirector
18.95%846,000filed Jun 11, 2026
Weber Capital Management LLC /AdvInstitution
6.83%310,861as of Jun 30, 2026
Leviticus Partners LPInstitution
6.45%293,676filed May 14, 2026
James W. GreenInsiderdirector
5.39%245,257filed Aug 19, 2025
John D. DukeInsiderdirector, officer: Chief Executive Officer
3.95%180,000filed Mar 23, 2026
  1. William Snider's transaction reports restate only vehicles that traded; the 2026 ownership statement (846.0K) plus the 16.6K net shares acquired since is used instead.

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Mar 16, 2026Mark T. Frostofficer: Chief Financial Officer+5,000$5.00
Mar 16, 2026William Sniderdirector+12,525$4.99
Mar 17, 2026William Sniderdirector+8,475$4.85
Mar 17, 2026Stephen J. Denelskydirector+10,000$4.87
Mar 16, 2026John D. Dukedirector, officer: Chief Executive Officer+5,000$5.01
View details

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Compare

CompanyPriceChange
Harvard Bioscience$8.06+0.75%$36.1M44.80.4+11.1%
Revvity$143.27−0.22%$16.02B68.425.55.5−1.3%
Danaher$221.98+2.84%$151.67B38.325.16.0+5.5%
Thermo Fisher Scientific$659.17+0.06%$244.81B35.425.15.3+10.5%
Bio-Rad Laboratories$382.35+1.33%$10.16B45.737.13.9−0.1%
Agilent Technologies$166.28+2.68%$45.75B31.925.36.2+8.1%
Median38.325.35.5+5.5%