Hims & Hers Health Inc - Class A
Q2 2026 Earnings
Includes $47.5 million in legal contingencies, $28.835 million in acquisition and transaction-related costs, $4.626 million in restructuring and other related charges, and $4.223 million change in fair value of liabilities
Market Reaction
Did HIMS Beat Earnings? Q2 2026 Results
Hims & Hers Health delivered a tale of two metrics in Q2 2026, posting revenue of $753.21 million, a 38.3% year-over-year gain that cleared the $730.12 million consensus by 3.16%, while its GAAP loss of $0.37 per share missed the $0.05 loss analysts had expected by 640%, weighed down by $47.50 million in legal contingencies, $28.84 million in acquisition and transaction-related costs, and $4.63 million in restructuring charges. The bottom-line damage traced directly to the company's strategic pivot away from compounded GLP-1 medications toward branded weight-loss drugs, a shift that compressed gross margin to 64% from 76% a year ago and swung GAAP net income from a $42.51 million profit to an $86.29 million loss. Options markets had anticipated a roughly 14% stock move around the print, and the divergence between a solid top line and a sharply wider loss gave investors plenty to weigh. Management raised full-year 2026 revenue guidance to $3.10 billion to $3.30 billion and guided Q3 revenue to $880 million to $900 million, reiterating 2030 targets of at least $6.50 billion in revenue.
- Domestic revenue growth accelerated to 16% year-over-year
- International business grew more than 17-fold, strengthened by the Eucalyptus acquisition closing in June
- Subscribers grew 19% year-over-year to nearly 2.9 million
- Monthly Revenue per Average Subscriber increased 21% to $92
“Hims & Hers is delivering a world-class health experience at a global scale and a reasonable price for the nearly 3 million people who rely on us for access to care. We're proving, quarter after quarter, that helping people feel great and delivering strong results aren't mutually exclusive.”
Hims & Hers CEO, on the earnings call
Forward Guidance & Outlook
For Q3 2026, the company expects revenue of $880 million to $900 million and Adjusted EBITDA of $75 million to $95 million (9%–11% margin). For full year 2026, the company raised revenue guidance to $3.1 billion to $3.3 billion and set Adjusted EBITDA guidance at $275 million to $325 million (9%–10% margin). Management reiterated 2030 long-term targets of at least $6.5 billion in revenue and $1.3 billion in Adjusted EBITDA.
HIMS YoY Financials
HIMS Revenue by Segment
HIMS Revenue by Geography
Figures from SEC filings and company reports. Not investment advice.