Fundamental analysis · SEC EDGAR · TTM through 31/03/2026

Fundamental analysis of Hims & Hers Health, Inc.

HIMS · NYSE · Healthcare

Fundamental quality

REASONABLE

69

out of 100

Hims & Hers Health, Inc. is in full growth mode but not yet profitable: revenue is growing strongly (69.5% a year), but it doesn't translate into earnings yet. On fundamental quality it scores 69 out of 100, profiling it as a company of reasonable quality. Its weakest area is its profitability (net margin -0.6%). Whether it's cheap or expensive depends on the current price, which you can compute in the tool.

What the company does

Hims & Hers is a consumer telehealth platform: online consultations and home-delivered medications by subscription, in areas like sexual health, hair loss, mental health and weight loss. Its strength is brand and direct-to-consumer marketing.

What will shape its future

  • Subscriber growth and retention: it's a subscription business with very heavy marketing.
  • Regulation of compounded medications, key to its weight-loss offering.
  • Growing competition (drugmakers selling direct, other telehealth players) in its star categories.

Breakdown by area

I.Growth
95

Revenue growth: 69.5%

II.Profitability
42

Net margin: -0.6% · ROE: -3%

III.Financial health
70

Net debt/EBITDA: -5.92x · FCF: 2.5%

Source: SEC EDGAR · TTM through 31/03/2026

The score combines growth, profitability and financial strength. Here its growth weighs in its favor, while its profitability drags it down the most.

Key concepts

What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow

Strengths

  • Revenue growing strongly (69.5% annualized).
  • High gross margin (71.7%), pointing to pricing power.
  • It has turned profitable after years of losses.
  • Revenue rising without interruption since 2020.

Risks and weaknesses

  • No profits over the last twelve months (negative EPS).
  • Losses over the last twelve months (net margin of -0.6%).

Historical evolution

YearRevenueNet incomeFree cash flowNet debt
2020149-18-27
2021272-108-72
2022527-66-34-47
2023872-2447-97
20241,477126198-221
20252,34812857-229

Between 2020 and 2025, revenue went from $149M to $2,348M (+1478%) and net income went from -$18M to $128M (+809%).

Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.

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Is Hims & Hers Health, Inc. cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

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Frequently asked questions

Is Hims & Hers Health, Inc. a good company to invest in?

In terms of business quality, Hims & Hers Health, Inc. scores 69 out of 100 in our analysis, placing it as a company of reasonable quality. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.

Is Hims & Hers Health, Inc. a profitable company?

Over the last twelve months, no: Hims & Hers Health, Inc. posts a negative net margin (-0.6%).

Does Hims & Hers Health, Inc. have a lot of debt?

No. Hims & Hers Health, Inc. has a net cash position: more cash than debt.

Is Hims & Hers Health, Inc. growing?

Its revenue has grown 69.5% annualized in recent years, and without interruption since 2020.

Does Hims & Hers Health, Inc. generate cash?

Yes. It converts about 2.5% of its revenue into free cash flow.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

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