Harbor Diversified Inc (HRBR) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 4, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q3 FY2025, filed Jun 26, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the HRBR SEC filings page.
Harbor Diversified Inc (HRBR) reported $122.2M in revenue over the twelve months to Sep 30, 2025, down 36.4% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Positive free cash flow despite losses points to a depreciation-heavy, low-reinvestment model rather than restored profitability.
In FY2024, a net loss of-$17.2M coexisted with operating cash flow of$13.3M , showing accounting losses did not equal near-term cash consumption. Because depreciation was$26.1M while capital expenditures were only$2.9M , much of that conversion reflects noncash expense and restrained reinvestment rather than earnings strength.
With revenue broadly flat, EBITDA shifted from
Liabilities were
Financial Health Signals
Harbor Diversified Inc does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Harbor Diversified Inc scores 2.12, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($128.5M) relative to total liabilities ($45.6M). This signals moderate financial risk that warrants monitoring.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Harbor Diversified Inc passes 3 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
Harbor Diversified Inc reported a net loss of $17.2M while generating $13.3M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Harbor Diversified Inc reported an operating loss of $24.2M against $9K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Harbor Diversified Inc generated $905K in revenue in Q3 2025. This represents a decrease of 98.3% from the same quarter a year earlier. Against the prior quarter it is down 70.1%.
Harbor Diversified Inc's EBITDA was -$5.0M in Q3 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 611.5% from the same quarter a year earlier. Against the prior quarter it is up 67.8%.
Harbor Diversified Inc reported -$5.1M in net income in Q3 2025. This represents a decrease of 129.9% from the same quarter a year earlier. Against the prior quarter it is up 67.5%.
Harbor Diversified Inc earned -$0.09 per diluted share (EPS) in Q3 2025. This represents a decrease of 125.0% from the same quarter a year earlier. Against the prior quarter it is up 66.7%.
Cash & Balance Sheet
Harbor Diversified Inc recorded an outflow of $9.4M in free cash flow in Q3 2025, representing a cash shortfall after capex. This represents a decrease of 2012.8% from the same quarter a year earlier. Against the prior quarter it is up 57.1%.
Harbor Diversified Inc held $17.2M in cash as of Q3 2025; long-term debt is not reported for that period.
Not reported for Q3 2025.
Margins & Returns
Harbor Diversified Inc's ROE was -3.3% in Q3 2025, measuring profit generated per dollar of shareholder equity. This is down 1.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 6.6 percentage points.
Not reported for Q3 2025.
Not shown for Q3 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q3 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
Harbor Diversified Inc repurchased no shares in Q3 2025. This represents a decrease of 100.0% from the same quarter a year earlier.
Harbor Diversified Inc invested $150K in capex in Q3 2025, funding long-term assets and infrastructure. This represents a decrease of 68.5% from the same quarter a year earlier. Against the prior quarter it is up 194.1%.
Not reported for Q3 2025.
HRBR Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-Q | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q | Q4'2310-K |
|---|---|---|---|---|---|---|---|---|
| Revenue | $905K-98.3% | $3.0M-93.6% | $60.2M+38.0% | $58.0M+21.8% | $53.6M+7.0% | $47.1M-3.6% | $43.7M-17.0% | $47.6M-15.9% |
| Operating Income | -$7.1M-28.1% | -$18.1M-89.7% | $14.4M+231.4% | $1.8M+121.6% | -$5.5M-9.2% | -$9.5M+34.4% | -$10.9M-21.5% | -$8.3M-145.6% |
| EBITDA | -$5.0M-611.5% | -$15.7M-376.8% | $17.0M+470.6% | $8.7M+560.5% | $984K-25.8% | -$3.3M+59.7% | -$4.6M-73.4% | -$1.9M-163.3% |
| Interest Expense | $3K0.0% | $2K-33.3% | $3K | $3K0.0% | $3K | $3K-72.7% | $0-100.0% | $3K0.0% |
| Income Tax | -$128K-487.9% | -$331K-35.1% | $273K+216.7% | -$728K-248.3% | $33K+105.7% | -$245K+88.1% | -$234K+80.6% | $491K-78.1% |
| Net Income | -$5.1M-129.9% | -$15.8M-101.7% | $16.5M+272.3% | $2.5M-51.1% | -$2.2M+46.1% | -$7.9M+34.5% | -$9.6M-94.6% | $5.1M+397.5% |
| EPS (Basic) | -$0.09-125.0% | -$0.27-35.0% | $0.28+221.7% | $0.07-36.4% | -$0.04+60.0% | -$0.20+28.6% | -$0.23-109.1% | $0.11+375.0% |
| EPS (Diluted) | -$0.09-125.0% | -$0.27-35.0% | $0.28+221.7% | $0.07-36.4% | -$0.04+60.0% | -$0.20+28.6% | -$0.23-109.1% | $0.11+466.7% |
| Diluted Shares (Avg) | 58M-0.2% | 58M+36.5% | 58M+36.3% | N/A | 59M+34.1% | 43M-3.3% | 43M-4.7% | N/A |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses.
HRBR Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-Q | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q | Q4'2310-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $179.5M-11.7% | $186.7M-10.9% | $214.0M-4.9% | $204.4M-13.5% | $203.2M-28.5% | $209.5M-29.8% | $225.1M-31.1% | $236.3M-31.0% |
| Current Assets | $122.6M+3.9% | $119.7M+3.5% | $141.7M+14.2% | $127.9M+0.2% | $118.1M-31.4% | $115.6M-35.0% | $124.1M-37.3% | $127.7M-38.6% |
| Cash & Equivalents | $17.2M+156.3% | $11.7M+45.5% | $27.1M+61.3% | $15.0M-28.0% | $6.7M-57.5% | $8.1M-49.0% | $16.8M-25.4% | $20.8M-37.7% |
| Short-Term Investments | $2.8M | $2.7M | $0 | $0 | $0 | $0-100.0% | $0-100.0% | $0-100.0% |
| Accounts Receivable | N/A | N/A | N/A | N/A | $1.4M | $1.2M+161.9% | $1.3M+5.6% | $0-100.0% |
| Long-Term Investments | $4.3M0.0% | $4.3M0.0% | $4.3M0.0% | $4.3M0.0% | $4.3M0.0% | $4.3M0.0% | $4.3M0.0% | $4.3M0.0% |
| Total Liabilities | $25.2M-46.0% | $27.3M-46.2% | $38.8M-16.2% | $45.6M-1.8% | $46.7M-52.5% | $50.7M-52.7% | $46.3M-61.8% | $46.5M-64.5% |
| Current Liabilities | $16.3M-51.1% | $18.3M-45.5% | $26.8M-9.6% | $33.5M+15.5% | $33.4M-60.5% | $33.6M-24.0% | $29.6M-45.5% | $29.0M-52.6% |
| Non-Current Liabilities | $8.9M-33.1% | $9.0M-47.4% | $12.0M-28.0% | $12.2M-30.4% | $13.3M-3.9% | $17.1M-72.8% | $16.6M-75.0% | $17.5M-74.9% |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $0-100.0% |
| Total Equity | $154.3M-1.4% | $159.4M+0.4% | $175.2M+5.8% | $158.8M-10.1% | $156.5M-9.4% | $158.8M-10.8% | $165.6M-13.9% | $176.6M-11.0% |
| Retained Earnings | -$110.4M-1.9% | -$105.3M+0.8% | -$89.4M+9.0% | -$105.9M-19.4% | -$108.4M-15.6% | -$106.1M-18.4% | -$98.3M-26.6% | -$88.7M-22.0% |
Not reported in any period shown, so not listed: Inventory, Goodwill.
HRBR Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-Q | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q | Q4'2310-K |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$9.3M-29945.2% | -$21.8M-604.4% | $12.6M+2512.3% | $9.4M+46.1% | $31K+101.7% | $4.3M+143.2% | -$522K+92.2% | $6.5M-85.6% |
| Depreciation & Amortization | $2.1M-68.4% | $2.4M-61.4% | $2.6M-58.9% | $6.9M+8.4% | $6.5M+2.0% | $6.2M-2.1% | $6.4M0.0% | $6.4M+0.4% |
| Capital Expenditures | $150K-68.5% | $51K-93.8% | $22K-98.6% | $37K-97.5% | $476K-15.6% | $824K+29.6% | $1.6M-14.0% | $1.5M-42.4% |
| Free Cash Flow | -$9.4M-2012.8% | -$21.9M-724.4% | $12.6M+702.9% | $9.4M+88.4% | -$445K+81.3% | $3.5M+132.9% | -$2.1M+75.4% | $5.0M-88.2% |
| Investing Cash Flow | $14.7M+1170.8% | $6.5M+916.1% | -$509K+74.4% | -$1.2M-102.6% | -$1.4M-140.7% | -$799K-105.9% | -$2.0M+22.1% | $46.0M+285.1% |
| Financing Cash Flow | $0+100.0% | $0+100.0% | -$46K+96.8% | -$147K+99.7% | -$87K+94.8% | -$12.2M-22.2% | -$1.5M+18.5% | -$47.5M-803.1% |
| Dividends Paid | $0 | $0-100.0% | $0-100.0% | $107K-74.1% | $0-100.0% | $519K+70.2% | $466K+84.9% | $413K+108.6% |
| Share Buybacks | $0-100.0% | $0-100.0% | $46K-95.4% | $40K-93.9% | $87K-89.3% | $937K-55.2% | $992K+1.2% | $661K-31.9% |
Not reported in any period shown, so not listed: Stock-Based Compensation.
HRBR Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-Q | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q | Q4'2310-K |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | -784.2% | -596.8% | 23.8%+48.9pp | 3.1%+20.5pp | -10.3%-0.2pp | -20.2%+9.5pp | -25.1%-7.9pp | -17.4%-11.5pp |
| Net Margin | -568.3% | -523.4% | 27.4%+49.3pp | 4.3%-6.4pp | -4.2%+4.1pp | -16.7%+7.9pp | -21.9%-12.6pp | 10.6%+13.6pp |
| Return on Equity | -3.3%-1.9pp | -9.9%-5.0pp | 9.4%+15.2pp | 1.6%-1.3pp | -1.4%+1.0pp | -4.9%+1.8pp | -5.8%-3.2pp | 2.9%+3.7pp |
| Return on Assets | -2.9%-1.8pp | -8.5%-4.7pp | 7.7%+11.9pp | 1.2%-0.9pp | -1.1%+0.4pp | -3.8%+0.3pp | -4.3%-2.7pp | 2.1%+2.6pp |
| Current Ratio | 7.51+4.0x | 6.54+3.1x | 5.29+1.1x | 3.82-0.6x | 3.53+1.5x | 3.44-0.6x | 4.19+0.5x | 4.40+1.0x |
| Debt-to-Equity | 0.16-0.1x | 0.17-0.1x | 0.22-0.1x | 0.29+0.3x | 0.30+0.3x | 0.32+0.1x | 0.280.0x | 0.00-0.3x |
| Asset Turnover | 0.01-0.3x | 0.02-0.2x | 0.28+0.1x | 0.28+0.1x | 0.26+0.1x | 0.23+0.1x | 0.190.0x | 0.200.0x |
| FCF Margin | -1038.9% | -723.4% | 20.9%+25.7pp | 16.2%+5.7pp | -0.8%+3.9pp | 7.4%+29.2pp | -4.8%+11.3pp | 10.5%-64.2pp |
Not reported in any period shown, so not listed: Gross Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Harbor Diversified Inc HRBR | FY2024 | $202.4M | -$17.2M | -8.5% | $128.5M | — |
| Global Crossing Airlines Group Inc JETMF | FY2025 | $246.3M | -$3.1M | -1.2% | $40.8M | — |
| Pacific Green Technologies Inc PGTK | FY2024 | $14.5M | $459K | 3.2% | $57K | — |
| Caro Holdings CAHO | FY2026 | $11K | -$408K | N/A | $23.7M | — |
Where Harbor Diversified Inc Ranks
Frequently Asked Questions
What is Harbor Diversified Inc's annual revenue?
Harbor Diversified Inc (HRBR) reported $202.4M in total revenue for fiscal year 2024. This represents a 1.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Harbor Diversified Inc's revenue growing?
Harbor Diversified Inc (HRBR) revenue grew by 1.6% year-over-year, from $199.2M to $202.4M in fiscal year 2024.
Is Harbor Diversified Inc profitable?
No, Harbor Diversified Inc (HRBR) reported a net income of -$17.2M in fiscal year 2024, with a net profit margin of -8.5%.
What is Harbor Diversified Inc's EBITDA?
Harbor Diversified Inc (HRBR) had EBITDA of $1.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Harbor Diversified Inc's operating margin?
Harbor Diversified Inc (HRBR) had an operating margin of -12.0% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Harbor Diversified Inc's net profit margin?
Harbor Diversified Inc (HRBR) had a net profit margin of -8.5% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Harbor Diversified Inc's return on equity (ROE)?
Harbor Diversified Inc (HRBR) has a return on equity of -10.8% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Harbor Diversified Inc's free cash flow?
Harbor Diversified Inc (HRBR) generated $10.4M in free cash flow during fiscal year 2024. This represents a 162.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Harbor Diversified Inc's operating cash flow?
Harbor Diversified Inc (HRBR) generated $13.3M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Harbor Diversified Inc's total assets?
Harbor Diversified Inc (HRBR) had $204.4M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Harbor Diversified Inc's capital expenditures?
Harbor Diversified Inc (HRBR) invested $2.9M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
What is Harbor Diversified Inc's current ratio?
Harbor Diversified Inc (HRBR) had a current ratio of 3.82 as of fiscal year 2024, which is generally considered healthy.
What is Harbor Diversified Inc's debt-to-equity ratio?
Harbor Diversified Inc (HRBR) had a debt-to-equity ratio of 0.29 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Harbor Diversified Inc's return on assets (ROA)?
Harbor Diversified Inc (HRBR) had a return on assets of -8.4% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Harbor Diversified Inc's P/E ratio?
Harbor Diversified Inc (HRBR) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to September 30, 2025). The market capitalization is $128.5M as of Sep 4, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Harbor Diversified Inc's price-to-sales ratio?
Harbor Diversified Inc (HRBR) trades at 1.1x sales, its market capitalization divided by revenue of $122.2M revenue, trailing 12 months to September 30, 2025. The market capitalization is $128.5M as of Sep 4, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Harbor Diversified Inc's Altman Z-Score?
Harbor Diversified Inc (HRBR) has an Altman Z-Score of 2.12, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Harbor Diversified Inc's Piotroski F-Score?
Harbor Diversified Inc (HRBR) has a Piotroski F-Score of 3 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Harbor Diversified Inc's earnings high quality?
Harbor Diversified Inc (HRBR) reported a net loss of $17.2M while generating $13.3M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Harbor Diversified Inc cover its interest payments?
Harbor Diversified Inc (HRBR) reported an operating loss of $24.2M against $9K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.