HDRN (HDRN) Income Statement
HDRN 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsHDRN revenue and net income
Where HDRN's revenue goes
2025Each bar shows an amount and its share of revenue. HDRN kept 3.0% of revenue as net income.
HDRN profit margins
HDRN growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | — | — | — | — |
| Gross profit | — | — | — | — |
| Operating income | — | — | — | — |
| Net income | +60.8% | — | — | — |
| EPS (diluted) | +57.1% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
HDRN quarterly EPS vs estimates
Next report: November 13, 2026.
HDRN income statement
| 2025 | 2024 | |
|---|---|---|
| Revenue | $127.7M | $0 |
| Cost of revenue | $99.2M | — |
| Gross profit | $28.5M | — |
| Research & development | $16.8M | — |
| Sales, general & admin | $3.3M | $628,761 |
| Total operating expenses | $3.3M | $628,761 |
| Operating income | −$3.3M | −$628,761 |
| Income before taxes | $3.8M | $2.4M |
| Net income | $3.8M | $2.4M |
| EBITDA | −$3.3M | −$628,761 |
| EPS (diluted) | $0.11 | $0.07 |
| Gross margin | 22.3% | — |
| Operating margin | −2.6% | — |
| Net margin | 3.0% | — |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $36.7M | $34.4M | $0 | $0 | $0 | $0 | $120.4M | $0 | $0 |
| Cost of revenue | $24.7M | $22.7M | — | — | — | — | $84.3M | — | — |
| Gross profit | $12.1M | $11.7M | — | — | — | — | $36.1M | — | — |
| Research & development | $7.6M | $5.5M | $326,046 | — | $24,000 | — | $7.3M | $0 | — |
| Sales, general & admin | $9.9M | $1.7M | $1.3M | $1.3M | $384,593 | $371,833 | $350,604 | $213,755 | $17,652 |
| Total operating expenses | $40.6M | $1.7M | $1.3M | $1.3M | $384,593 | $371,833 | $350,604 | $213,755 | $64,402 |
| Operating income | −$28.6M | −$1.7M | −$1.3M | −$1.3M | −$384,593 | −$371,833 | −$350,604 | −$213,755 | −$64,402 |
| Interest expense | $307,000 | $15,225 | — | — | — | — | — | — | — |
| Income before taxes | −$25.7M | $535,601 | $875,245 | −$212,080 | $1.5M | $1.6M | $1.8M | $610,950 | −$64,402 |
| Income taxes | $5,000 | $14,000 | — | — | — | — | — | — | — |
| Net income | −$25.7M | $535,601 | $875,245 | −$212,080 | $1.5M | $1.6M | $1.8M | $610,950 | −$64,402 |
| EBITDA | −$25.4M | −$1.7M | −$1.3M | −$1.2M | −$384,593 | −$371,833 | −$350,604 | −$213,755 | −$64,402 |
| EPS (diluted) | −$0.03 | $0.02 | $0.03 | −$0.01 | $0.05 | $0.05 | $0.06 | $0.02 | — |
| Gross margin | 32.8% | 34.0% | — | — | — | — | 30.0% | — | — |
| Operating margin | −77.7% | −4.9% | — | — | — | — | −0.3% | — | — |
| Net margin | −70.1% | 1.6% | — | — | — | — | 1.5% | — | — |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in HDRN's financial statements (latest annual report filed March 2, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
HDRN financial results
In fiscal year 2025 (ended December 31, 2025), HDRN reported revenue of $127.7 million. It had net income of $3.8 million (up 60.8%), a net profit margin of 3.0%. Diluted earnings per share came to $0.11.
See the HDRN stock overview for the latest quote and news, or the HDRN chart for price history and technical indicators.
HDRN income statement FAQ
What is HDRN's annual revenue?
HDRN reported total revenue of $127.7 million for fiscal year 2025, which ended on December 31, 2025.
Is HDRN profitable?
Yes. HDRN reported net income of $3.8 million in fiscal 2025, a net profit margin of 3.0%; its operating margin was −2.6%.
What is HDRN's gross margin?
HDRN's gross margin was 22.3% in fiscal 2025: for every $100 of revenue, HDRN kept $22 after the direct cost of its products and services.
How much does HDRN spend on research and development?
HDRN spent $16.8 million on research and development in fiscal 2025, 13.1% of revenue.
What are HDRN's earnings per share?
HDRN earned $0.11 per diluted share in fiscal 2025, compared with $0.07 a year earlier.
When will HDRN report its next earnings?
HDRN is expected to report results for the quarter ending September 30, 2026 on November 13, 2026.
When does HDRN's fiscal year end?
HDRN's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 2, 2026.