Hims & Hers Health, Inc. ( (HIMS) ) has released its Q1 earnings. Here is a breakdown of the information Hims & Hers Health, Inc. presented to its investors.
Hims & Hers Health, Inc. is a leading health and wellness platform dedicated to improving global well-being through personalized healthcare solutions. The company operates primarily in the healthcare sector, offering a range of personalized health services and products to its subscribers.
In its latest earnings report for the first quarter of 2025, Hims & Hers Health, Inc. showcased remarkable growth, with revenue more than doubling to $586 million, a 111% increase year-over-year. The company also reported a significant rise in net income, reaching $49 million, reflecting a 345% increase compared to the previous year.
Key financial highlights include a 182% increase in Adjusted EBITDA to $91 million and a substantial growth in operating cash flow, which rose by 322% to $109 million. The company also expanded its subscriber base to 2.4 million, a 38% increase year-over-year, and saw a 53% rise in monthly online revenue per average subscriber.
Looking forward, Hims & Hers Health, Inc. remains optimistic about its growth prospects, aiming to achieve $2.3-$2.4 billion in revenue for fiscal year 2025. The company plans to leverage its strategic partnerships and expand its personalized healthcare solutions to reach its long-term targets, including a projected $6.5 billion in revenue by 2030.