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Hims & Hers HealthHIMS

$6.5B market cap
Hims & Hers HealthHIMS
Revenue

Revenue: is the business selling more than it used to?

$2.3B+59% YoYFY 2025

0.00$1.0B$2.0B20192020202120222023202420252026$2.6B

◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year

Revenue reached $2.3B in 2025, compounding +65% a year since 2022 though the pace has cooled. The last twelve months (+28%) ran below that pace, so growth is slowing. The trailing twelve months are already running at $2.6B, ahead of the last full year.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

Hims & Hers HealthHIMS
Net income

Net income: how much of that revenue becomes profit?

$128M+2% YoYFY 2025

0.002019202020212022202320242025$128M2026$-142M

◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year

Net income was $128M in 2025, against $126M the year before. Earnings per share moved -173% over the last twelve months. Trailing twelve-month profit stands at $-142M.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

Hims & Hers HealthHIMS
Growth rate

How fast is it growing, year by year?

+59.0%revenue growth, FY 2025

0.0%50%202020212022202320242025Revenue growth 59%

Revenue grew +59% in 2025 against a five-year average of +74%. Earnings grew more slowly (+2%), so costs are absorbing part of the growth.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

Hims & Hers HealthHIMS
Per-share growth

Revenue per share: is your slice growing as fast as the company?

$9.09revenue per share, FY 2025

0.005.0010.00201920202021202220232024202520269.980.24

2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year

Revenue per share reached $9.09 in 2025, compounding +52% a year against +65% for HIMS as a whole. Dilution absorbed about 12.3 points of that growth. Free cash flow per share stands at $0.22.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

Hims & Hers HealthHIMS
Free cash flow

Free cash flow: what is left in real cash after everything?

$57M−71% YoYFY 2025

0.00$200M201920202021202220232024$198M20252026$62M

◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year

Free cash flow was $57M in 2025. The trailing twelve months stand at $62M.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

Hims & Hers HealthHIMS
Income waterfall

Where does each dollar of revenue actually go?

$2.3BRevenue 2025$1.7BGross profit$106MOperating income$128MNet income

Of $2.3B in 2025 sales, $128M reaches net profit - 5 cents on the dollar. The largest single deduction is running the company ($1.6B).

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

Hims & Hers HealthHIMS
Cash conversion

How much of every sales dollar ends up as free cash?

-50%0.0%20192020202120222023202413%202520262.4%

◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year

2 cents of every sales dollar became free cash in 2025, up 9 points since 2022.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

Hims & Hers HealthHIMS
Spending intensity

What does staying competitive cost, per dollar of sales?

0.0%10%20%201920202021202220232024202520267.8%6.0%

2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year

The biggest claim on each sales dollar is capital spending, at 10% of revenue (stock compensation 6%). That share has risen since 2022, so the cost of competing is climbing.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

Hims & Hers HealthHIMS
Margins

Margins: of every $1 of sales, how much survives each cost layer?

-100%0.0%2019202020212022202320242025202668%-6.0%-5.5%

2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year

Operating margin widened 18 points to 4% since 2022. After everything, 5 cents of each sales dollar reaches net profit.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

Hims & Hers HealthHIMS
Returns on capital

What does it earn on the money it uses?

-100%0.0%20192020202120222023202420252026-44%-3.9%6.0%

2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year

ROE of -44% and ROCE of 6% sit close together, so the returns come from the business itself rather than from borrowing.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

Hims & Hers HealthHIMS
Valuation history

What has the market paid for HIMS over time?

2.5xP/S today

0.005.00201920202021202220232024202520267-year median 2.8xP/S 2.51

2026 = at the latest close (2026-09-04), over the trailing twelve months; earlier years are annual averages

At 2.5x sales, the market is paying 12% less than HIMS's own 7-year median of 2.8x. Pessimism is priced in - the question is whether it is deserved.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

Hims & Hers HealthHIMS
Free cash flow yield

What cash return does the business throw off per dollar of market value?

1.0%FCF yield today

-20%-10%0.0%201920202021202220232024202520267-year median -0.7%FCF yield 1.0%

2026 = at the latest close (2026-09-04), over the trailing twelve months; earlier years are annual averages

Every dollar of market value currently buys 1.0% of annual free cash flow, less than its 7-year median of -0.7% - you are paying up for the same cash.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

Hims & Hers HealthHIMS
Debt & cash

Could it handle its debt if things went wrong?

0.00$250M$500M2018201920202021202220232024202520260.00$610M

Debt isn't clearly tagged in HIMS's filings, so treat the balance sheet with extra care rather than assuming zero.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

Hims & Hers HealthHIMS
Shareholders' equity

Is the company's own capital growing?

0.00$500M20182019202020212022202320242025$541M2026$324M

The company's own capital shrank from $344M in 2023 to $324M (-6%). Buybacks or losses are drawing the buffer down - the distinction matters.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

Hims & Hers HealthHIMS
Capital returned

How much goes back, and how much leaks out as stock comp?

0.00$100M20192020202120222023202420252026

Shareholders received $90M in buybacks in 2025. Stock compensation issued $135M of new shares in the same year, offsetting 100% of that.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

Hims & Hers HealthHIMS
Dilution rate

How fast is your ownership being diluted - or concentrated?

0.0%200%400%20202021428%20222023202420259.0%

The share count grew 9.0% in 2025, averaging 8.2% a year over three years. Your slice of the company shrinks by that much each year unless earnings grow faster.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

Hims & Hers HealthHIMS
Return on capital employed

Does HIMS earn more on its capital than that capital costs?

-100%0.0%201920202021202220232024202510% cost of capitalreturn on capital 6.0%

HIMS earns 6.0% on the capital it employs, below the 10% most investors treat as the cost of capital.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

Hims & Hers HealthHIMS
Dilution against what it bought

HIMS has issued or retired shares - did shareholders end up better off?

05002019202020212022202320242025743383

HIMS's share count rose +643% from 2019 to 2025 while revenue per share grew +283%. Holders are further ahead than before, though the gain per share is smaller than the growth in the business.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

Hims & Hers HealthHIMS
Insider flow

Are the people running it buying or selling?

$4M$2M0.00Jun '26Jul '26Aug '26Sep '26

Insiders sold $7M on the open market and bought nothing. Many sales are pre-scheduled diversification rather than a view on the price. A further 46 filings were grants, option exercises or tax withholding, which say nothing either way.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

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