MARKETS / BALCAO / HRGN
BALCAO · SURGICAL & MEDICAL INSTRUMENTS & APPARATUS · SMALL CAP

Harvard Apparatus Regenerative Technology, Inc. HRGN

14 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY
Revenue · FY2025
$704,000
▲ 63.7% vs FY2024
EPS · FY25
Dividend / sh · FY25
Payout · FY25
ROE · FY25
-321.1%
Net margin · FY25
-975.7%
Dividend coverage
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Result
USD 704,000.00
Revenue, FY2025 · full 14-year series below
Revenue Net income
0.00020.00040.00060.00080.0-0.0201220152018202120242025
0.00020.00040.00060.00080.0-0.02016201920222025

The company lost 976 cents on every revenue dollar this year.

Per share
Diluted EPS, FY2025
EPS
0.40.81.2201220152018202120242025
0.40.81.22016201920222025

The company pays no cash dividend.

Profitability
-321.1%
Return on equity, FY2025
ROE
0.250.50.751-321.1%201220152018202120242025
0.250.50.751-321.1%2016201920222025
Operating margin-982.2%
Net margin-975.7%
Return on assets-193.0%

Each USD of equity lost 321 cents this year.

Returned to shareholders
returned in FY2025 · dividends + net buybacks
Dividends paid
Net buybacks
Share of profit
Consecutive raises

Growth
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+19.6%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
0.02B
Shares outstanding, FY2025
0.000.02201220152018202120242025
0.000.022016201920222025
Change, 5 years+87.3%
Change, 10 years

The share count grew 87% in five years — the same company, cut into more, smaller slices.

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Balance sheet
USD 2.7M
total assets, end of FY2025
Total assetsUSD 2.7M
EquityUSD 1.1M
CashUSD 1.4M
Current ratio1.19×

Equity funds 39% of total assets.

History
14 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
Revenue $B
0.0
0.0
0.0
·
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Operating income $B
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
EBITDA $B
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
Income tax $B
0.0
0.0
·
·
·
·
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Net income $B
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
−0.0
EPS, diluted $
·
·
−0.67
−0.55
−0.79
−0.55
−1.21
−1.69
−6.63
−14.49
−1.05
−1.41
−1.14
−0.87
Dividend / sh $
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Payout %
·
·
·
·
·
·
·
·
·
·
·
·
·
·
ROE %
−321.1
−317.7
·
·
·
−439.5
−544.6
−279.2
−458.6
−229.8
−158.2
−105.0
−120.8
−24863.0
Shares out B
0.02
0.02
0.01
0.01
0.01
0.01
0.01
0.01
0.00
0.00
0.01
0.01
0.01
0.00

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
48 of 48
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed