Hims & Hers Health, Inc. (HIMS) Earnings History

Hims & Hers Health, Inc. - Q3 2025 Earnings

Filed at: Nov 3, 2025, 3:08 PM EST|Read from source

EXECUTIVE SUMMARY

Hims & Hers reported strong Q3 2025 results with significant revenue and subscriber growth, driven by their expanding health and wellness platform. The company also demonstrated improved profitability and cash flow, positioning them to invest further in long-term growth.

POSITIVE HIGHLIGHTS

  • •

    Revenue grew 49% year-over-year to $599.0 million.

    positive
  • •

    Subscribers grew 21% year-over-year to almost 2.5 million.

    positive
  • •

    Adjusted EBITDA increased 53% year-over-year to $78.4 million.

    positive
  • •

    Net income was $15.8 million, with net cash provided by operating activities at $148.7 million.

    positive

CONCERNS & RISKS

  • •

    Gross margin decreased to 74% from 79% in the prior year's quarter.

    attention
  • •

    Net income decreased significantly to $15.8 million from $75.6 million in the prior year, despite revenue growth.

    attention
  • •

    Wholesale revenue declined 3% year-to-date.

    negative

FINANCIAL METRICS

Revenue
Quarterly
$598.98M
+49.0%
Prior year: $401.56M
Annual (YTD)
$1.73B
N/A
Prior year: $995.38M
Net Income
Quarterly
$15.77M
-79.1%
Prior year: $75.59M
Annual (YTD)
$107.76M
N/A
Prior year: $100.01M
EPS (Diluted)
Quarterly
$0.06
-81.3%
Prior year: $0.32
Annual (YTD)
$0.43
N/A
Prior year: $0.43
Operating Income
Quarterly
$11.81M
-47.2%
Prior year: $22.37M
Annual (YTD)
$96.43M
N/A
Prior year: $43.31M
EPS (Basic)
Quarterly
$0.07
-80.0%
Prior year: $0.35
Annual (YTD)
$0.48
N/A
Prior year: $0.47

MARGIN ANALYSIS

Gross Margin
Current Quarter
74.0%
Prior Year
79.0%
YoY Change
-500 bps
Operating Margin
Current Quarter
2.0%
Prior Year
5.6%
YoY Change
-360 bps
Net Margin
Current Quarter
2.6%
Prior Year
18.8%
YoY Change
-1620 bps

Margin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.

MANAGEMENT GUIDANCE

FY 2025

revenue
$2335000.0B—$2355000.0B
Mid-point: $2345000.0B
Adjusted EBITDA
307,000,000—317,000,000
Mid-point: 312,000,000
"reflecting an Adjusted EBITDA margin of 13%"

Q4 2025

revenue
$605000.0B—$625000.0B
Mid-point: $615000.0B
Adjusted EBITDA
55,000,000—65,000,000
Mid-point: 60,000,000
"reflecting an Adjusted EBITDA margin of 9% to 10%"

Forward-looking guidance is subject to change and does not constitute a guarantee. Actual results may differ materially from these estimates.

MANAGEMENT COMMENTARY

CEO highlighted the company's vision of helping millions access personalized care from home, with a platform that is becoming more personal and proactive.

— Hims & Hers Health, Inc., Q3 2025 2025 Earnings Call

The company is launching new specialties at an increasing pace and partnering with healthcare leaders.

— Hims & Hers Health, Inc., Q3 2025 2025 Earnings Call

CFO emphasized another quarter of strong, profitable growth driven by the strategy to broaden access to personalized care.

— Hims & Hers Health, Inc., Q3 2025 2025 Earnings Call

Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.

OPERATIONAL METRICS

Monthly Online Revenue Per Average Subscriber
80
+19.0% YoY
Prior year: 67
dollars
Subscribers
2.5M
+21.0% YoY
Prior year: 2.0M
subscribers

Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.