)
Edge28 Nov 2025
Keeping the Streak Alive: The Story of Duolingo
How Duolingo made language learning addictive, scaled to millions of users, and built a powerful subscription business around everyday practice.
Harvard Bioscience (HBIO) investor relations material
Harvard Bioscience Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary6 Nov, 2025
Executive summary
Q3 2025 revenue was $20.6M, at the high end of guidance, with gross margin at 58.4% and positive operating cash flow of $1.1M; net loss was $(1.2)M, a significant improvement from $(4.8)M in Q3 2024.
Adjusted EBITDA rose to $2.0M, up from $1.3M in Q3 2024, driven by cost reductions and improved operating leverage.
Nine-month 2025 revenue was $62.8M, down 9.7% year-over-year, with a net loss of $53.9M, primarily due to a $48.0M goodwill impairment in Q1 2025.
Operating expenses declined across functions, but were offset by goodwill impairment and higher interest expense.
The company operates as a single segment focused on life science research products and services, with a global customer base.
Financial highlights
Gross margin for Q3 2025 was 58.4%, up from 58.1% in Q3 2024; nine-month gross margin was 56.9%.
Adjusted EBITDA margin for Q3 2025 was 9.6%, up from 6.0% in Q3 2024.
Net debt as of September 30, 2025 was $27.5M, down from $33.8M at year-end 2024.
Cash and cash equivalents increased to $6.8M at September 30, 2025, from $4.1M at year-end 2024.
Net cash provided by operating activities was $6.8M for the nine months, aided by reductions in receivables and inventory and ERTC refunds.
Outlook and guidance
Q4 2025 revenue guidance is $22.5M–$24.5M, with gross margin expected between 58% and 60%.
Management anticipates continued sequential improvement due to increased demand, backlog, and product adoption.
There is substantial doubt about the company's ability to continue as a going concern due to upcoming debt maturities and refinancing uncertainty.
New products' contribution to backlog growth?
Key factors in debt refinancing negotiations?
Realized benefits from ERP project completion?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Harvard Bioscience earnings date
Q4 20256 Mar, 2026
Next Harvard Bioscience earnings date
Q4 20256 Mar, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Harvard Bioscience Inc manufactures and sells life sciences equipment used in preclinical research and drug discovery. The company’s products include systems for cellular, molecular, and physiological research, serving academic, pharmaceutical, and biotechnology institutions globally. The company is headquartered in Holliston, Massachusetts, and its shares are listed on the NASDAQ.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage