Fundamental analysis · SEC EDGAR · TTM through 30/06/2026

Fundamental analysis of Hims & Hers Health, Inc.

HIMS · NYSE · Healthcare

Fundamental quality

REASONABLE

55

out of 100

Hims & Hers Health, Inc. is in full growth mode but not yet profitable: revenue is growing strongly (68.1% a year), but it doesn't translate into earnings yet. On fundamental quality it scores 55 out of 100, profiling it as a company of reasonable quality. Its weakest area is its financial strength (net debt 9.06× EBITDA). 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: 68.1%

II.Profitability
42

Net margin: -5.5% · ROE: -43.8%

III.Financial health
28

Net debt/EBITDA: 9.06x · FCF: 2.4%

Source: SEC EDGAR · TTM through 30/06/2026

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

Versus its sector

Percentile against the other 57 Healthcare companies in our coverage: how far it beats them on each metric (100 = best in sector).

Net marginbeats 5%
ROEbeats 4%
Growthbeats 98%
Cash generationbeats 11%
Less debtbeats 4%

Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.

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

Hims & Hers Health, Inc. strengths

  • Revenue growing strongly (68.1% annualized).
  • High gross margin (68.4%), pointing to pricing power.
  • It has turned profitable after years of losses.
  • Revenue rising without interruption since 2020.

Hims & Hers Health, Inc. risks and weaknesses

  • Very high leverage (net debt of 9.06× EBITDA): more exposed to rates and to a rough patch.
  • No profits over the last twelve months (negative EPS).
  • Losses over the last twelve months (net margin of -5.5%).

Hims & Hers Health, Inc. 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.

Latest results

Versus the same period a year earlier

Figures for the half-year ended June 30, 2026, versus the half-year ended June 30, 2025 (SEC filings):

  • Revenue+20.4%
  • Net income-293.9%

What changed with the June 30, 2026 results

Compared with the previous close (March 31, 2026), this is what moved in its accounts:

  • Quality score6955
  • Net margin-0.6%-5.5%
  • ROE-3%-43.8%
  • Revenue growth69.5%68.1%
  • Net debt/EBITDA-5.92×9.06×

Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.

Dividend

This company doesn't pay a dividend: it reinvests all its earnings back into the business.

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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 55 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 (-5.5%).

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

Yes, its leverage is high: net debt is 9.06 times its EBITDA.

Is Hims & Hers Health, Inc. growing?

Its revenue has grown 68.1% annualized in recent years, and without interruption since 2020.

Does Hims & Hers Health, Inc. generate cash?

Yes. It converts about 2.4% 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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