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Hims & Hers Health (HIMS)
NYSE:HIMS
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Hims & Hers Health (HIMS) AI Stock Analysis

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HIMS

Hims & Hers Health

(NYSE:HIMS)

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Neutral 68 (OpenAI - 4o)
Rating:68Neutral
Price Target:
$48.00
▲(15.61% Upside)
Hims & Hers Health's strong financial performance and optimistic earnings call guidance are key strengths, driving the overall score. However, bearish technical indicators and high valuation concerns weigh down the score. The company's high leverage and challenges in gross margins also pose risks.
Positive Factors
Revenue Growth
Strong revenue growth indicates robust market demand and effective business strategies, supporting long-term financial health and expansion potential.
International Expansion
International expansion through acquisitions enhances market reach and diversification, providing a foundation for sustained growth and competitive advantage.
Technological Advancements
Investing in technology and leadership strengthens the company's platform, improving service delivery and positioning it for future innovation and efficiency.
Negative Factors
High Leverage
Significant leverage can increase financial risk and limit flexibility, potentially impacting the company's ability to invest in growth opportunities.
Increased Costs
Rising costs, particularly in G&A, can pressure margins and reduce profitability, challenging the company's ability to maintain cost efficiency.
GLP-1 Subscriber Decline
Subscriber decline in key segments can affect revenue stability and growth, necessitating strategic adjustments to retain and attract customers.

Hims & Hers Health (HIMS) vs. SPDR S&P 500 ETF (SPY)

Hims & Hers Health Business Overview & Revenue Model

Company DescriptionHims & Hers Health, Inc. operates a multi-specialty telehealth platform that connects consumers to licensed healthcare professionals. The company offers a range of health and wellness products and services available to purchase on its websites and mobile application directly by customers. It also provides prescription medication on a recurring basis and ongoing care from healthcare providers; and over-the-counter drug and device products, cosmetics, and supplement products, primarily focusing on wellness, sexual health and wellness, skincare, and hair care. The company's curated non-prescription products include vitamin C, melatonin, biotin, and collagen protein supplements in the wellness category; moisturizer, serums, and face wash in the skincare category; condoms, climax delay spray and wipes, vibrators, and lubricants in the sexual health and wellness category; and shampoos, conditioners, scalp scrubs, and topical treatments, such as minoxidil in the hair care category. In addition, it offers medical consultation services, as well as health and wellness products through wholesale partners. The company is based in San Francisco, California.
How the Company Makes MoneyHims & Hers Health generates revenue through multiple streams, primarily by selling prescription medications and health-related products directly to consumers. The company operates on a subscription-based model for certain products, which provides recurring revenue. Additionally, HIMS earns income from telehealth consultations, where customers pay for access to healthcare providers. Strategic partnerships with pharmacies and healthcare networks also contribute to its revenue, enabling HIMS to efficiently distribute its products. The company's focus on branding and marketing enhances customer acquisition, further driving sales and profitability.

Hims & Hers Health Key Performance Indicators (KPIs)

Any
Any
Subscriptions
Subscriptions
Tracks the number of active subscriptions, highlighting recurring revenue streams and customer retention strength.
Chart InsightsHims & Hers Health has seen a robust upward trend in subscriptions, reaching nearly 2.4 million by Q1 2025, a 38% increase year-over-year. This growth aligns with their strategic focus on personalization and new specialties, such as weight loss, which has become a major revenue driver. Despite challenges in the sexual health vertical and gross margin pressures, the company's strategic partnerships and product expansions are expected to sustain subscriber growth and engagement, supporting their ambitious revenue and EBITDA targets for 2030.
Data provided by:Main Street Data

Hims & Hers Health Earnings Call Summary

Earnings Call Date:Nov 03, 2025
(Q3-2025)
|
% Change Since: |
Next Earnings Date:Mar 02, 2026
Earnings Call Sentiment Positive
The earnings call presents a strong performance with significant revenue growth, strategic partnerships, and international expansion. However, there are challenges in gross margins and increased G&A costs. The company's strategy and future outlook remain optimistic.
Q3-2025 Updates
Positive Updates
Significant Revenue Growth
Revenue grew 49% year-over-year to nearly $600 million in Q3, with expectations of $2.335 billion to $2.355 billion for the full year, reflecting a 58% to 59% increase.
Subscriber Base Expansion
Subscriber base increased by more than 30,000 sequentially, reflecting a 20% year-over-year growth rate.
Strategic Partnerships and Investments
Active discussions with Novo Nordisk for Wegovy and strategic investment in GRAIL highlight a focus on expanding consumer options and multi-cancer early detection.
Innovative Product Launches
Launch of low testosterone and menopause offerings, with plans for whole body lab testing and longevity specialty to drive future growth.
International Expansion
Expansion into international markets, including upcoming launches in Canada, leveraging the acquisition of Zava Global.
Negative Updates
Gross Margin Decline
Gross margins declined over 2 points quarter-over-quarter to 74% due to lower intra-quarter revenue recognized per shipment from certain weight loss offerings.
Increased G&A Costs
G&A costs increased due to the Zava integration and additional expenses from hiring new leadership talent.
Short-term Revenue Headwinds
Migration of fulfillment for sterile weight loss products to 503A facilities expected to drive $20 million to $25 million of headwinds in Q4.
Company Guidance
During the Hims & Hers Third Quarter 2025 Earnings Call, the company provided strong guidance for future growth, highlighting a year-over-year revenue increase of nearly 50% to almost $600 million and adjusted EBITDA margins above 13%. The company anticipates fourth-quarter revenue between $605 million and $625 million, with a full-year projection of $2.335 billion to $2.355 billion, marking a 58% to 59% increase from the previous year. Adjusted EBITDA for the year is expected to range from $307 million to $317 million, reflecting a 13% margin at the midpoint. Hims & Hers anticipates substantial growth in its subscriber base, which increased by more than 30,000 sequentially, with a year-over-year growth rate of 20%. Looking ahead, the company aims for over $6.5 billion in revenue and $1.3 billion in adjusted EBITDA by 2030, with plans to expand internationally and enhance its offerings in weight loss, hormone health, and diagnostics.

Hims & Hers Health Financial Statement Overview

Summary
Hims & Hers Health shows strong revenue and profit growth with a healthy gross profit margin and improved net profit margin. However, the high debt-to-equity ratio indicates significant leverage, posing a potential risk.
Income Statement
85
Very Positive
Hims & Hers Health has demonstrated strong revenue growth with a TTM revenue increase of 9.81%. The company has maintained a healthy gross profit margin of 76.20% and improved its net profit margin to 9.62% in the TTM period. EBIT and EBITDA margins have also shown positive trends, indicating improved operational efficiency. However, the gross profit margin has slightly decreased compared to the previous year.
Balance Sheet
70
Positive
The company has a high debt-to-equity ratio of 1.86 in the TTM period, indicating significant leverage. However, the return on equity has improved to 38.17%, showcasing effective use of equity to generate profits. The equity ratio stands at 26.00%, reflecting a moderate level of financial stability.
Cash Flow
78
Positive
Hims & Hers Health has shown a positive free cash flow growth rate of 10.07% in the TTM period, indicating strong cash generation capabilities. The operating cash flow to net income ratio is 0.96, suggesting efficient conversion of income into cash. However, the free cash flow to net income ratio of 0.46 indicates room for improvement in cash flow management.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue2.21B1.48B872.00M526.92M271.88M148.76M
Gross Profit1.66B1.17B714.95M408.72M204.49M109.45M
EBITDA157.91M78.99M-19.94M-61.22M-110.97M-14.09M
Net Income133.79M126.04M-23.55M-65.68M-107.66M-18.11M
Balance Sheet
Total Assets2.23B707.54M441.19M366.34M420.58M118.70M
Cash, Cash Equivalents and Short-Term Investments629.74M300.25M220.98M179.63M247.27M100.21M
Total Debt1.12B11.35M9.95M5.31M5.48M0.00
Total Liabilities1.65B230.82M97.16M54.60M85.97M265.57M
Stockholders Equity580.98M476.72M344.03M311.74M334.62M-146.87M
Cash Flow
Free Cash Flow131.54M198.33M46.99M-33.78M-39.42M-6.71M
Operating Cash Flow325.08M251.08M73.48M-26.53M-34.41M-2.48M
Investing Cash Flow-958.49M-19.05M-12.11M34.70M-156.27M-39.70M
Financing Cash Flow813.49M-107.84M-11.47M-33.13M235.04M47.74M

Hims & Hers Health Technical Analysis

Technical Analysis Sentiment
Negative
Last Price41.52
Price Trends
50DMA
51.33
Negative
100DMA
51.15
Negative
200DMA
46.69
Negative
Market Momentum
MACD
-2.94
Positive
RSI
35.33
Neutral
STOCH
12.09
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HIMS, the sentiment is Negative. The current price of 41.52 is below the 20-day moving average (MA) of 49.19, below the 50-day MA of 51.33, and below the 200-day MA of 46.69, indicating a bearish trend. The MACD of -2.94 indicates Positive momentum. The RSI at 35.33 is Neutral, neither overbought nor oversold. The STOCH value of 12.09 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HIMS.

Hims & Hers Health Risk Analysis

Hims & Hers Health disclosed 63 risk factors in its most recent earnings report. Hims & Hers Health reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

Hims & Hers Health Peers Comparison

Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
69
Neutral
$523.69M5.2813.68%2.22%-11.79%
68
Neutral
$9.74B80.8526.21%78.02%28.15%
68
Neutral
$2.88B17.9219.95%3.59%3.12%9.01%
63
Neutral
$892.11M14.184.12%3.13%-2.92%-43.06%
62
Neutral
$1.32B20.312.98%3.40%-2.78%-17.38%
51
Neutral
$7.86B-0.30-43.30%2.27%22.53%-2.21%
45
Neutral
$3.35B-9.96%-5.68%-358.36%
* Healthcare Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HIMS
Hims & Hers Health
41.52
17.90
75.78%
IPAR
Inter Parfums
87.74
-35.02
-28.53%
NUS
Nu Skin
10.83
4.56
72.73%
SPB
Spectrum Brands Holdings
54.77
-34.14
-38.40%
COTY
Coty
3.72
-3.53
-48.69%
EPC
Edgewell Personal Care
18.70
-16.96
-47.56%

Hims & Hers Health Corporate Events

Hims & Hers Health Reports Strong Q3 2025 Growth
Nov 4, 2025

Hims & Hers Health, Inc. is a leading health and wellness platform that offers personalized care solutions to enhance the well-being of individuals globally. The company operates primarily in the health and wellness sector, providing accessible healthcare services through its innovative online platform.

Business Operations and StrategyExecutive/Board Changes
Hims & Hers Health Announces COO Transition
Neutral
Oct 2, 2025

On September 28, 2025, Hims & Hers Health, Inc. announced that its Chief Operating Officer, Nader Kabbani, will transition to an advisory role effective November 2, 2025, providing strategic guidance until July 2026. Mike Chi, currently the Chief Commercial Officer, will assume the role of Chief Operating Officer, consolidating operations, marketing, product, and commercial functions. Chi, who joined the company in April 2021, brings over 20 years of experience in consumer internet and has previously held senior marketing roles at Zola, INTERMIX, and Gilt Groupe. The company’s Compensation Committee will review Chi’s compensation in light of his new responsibilities.

The most recent analyst rating on (HIMS) stock is a Sell with a $28.00 price target. To see the full list of analyst forecasts on Hims & Hers Health stock, see the HIMS Stock Forecast page.

Business Operations and Strategy
Hims & Hers Health Expands Information Dissemination Strategy
Neutral
Sep 22, 2025

Hims & Hers Health, Inc. has announced that it will disseminate information about its operations, products, and services through various public channels, including its websites, social media accounts, and press releases. This approach aims to ensure broad and inclusive distribution of material information to the public, potentially impacting how stakeholders access updates about the company’s activities.

The most recent analyst rating on (HIMS) stock is a Sell with a $30.00 price target. To see the full list of analyst forecasts on Hims & Hers Health stock, see the HIMS Stock Forecast page.

Business Operations and Strategy
Hims & Hers Health Expands with New Ohio Facility
Positive
Sep 5, 2025

On September 1, 2025, Hims, Inc., a subsidiary of Hims & Hers Health, Inc., signed a lease agreement for a 352,012 square foot facility in New Albany, Ohio, intended for office, research, development, laboratory, manufacturing, and pharmaceutical dispensing purposes. The 15-year lease, with options for extension, includes an annual base rent starting at $5,984,204, subject to annual increases and initial abatements. This move signifies a strategic expansion for Hims & Hers Health, potentially enhancing its operational capacity and market presence.

The most recent analyst rating on (HIMS) stock is a Hold with a $53.00 price target. To see the full list of analyst forecasts on Hims & Hers Health stock, see the HIMS Stock Forecast page.

Hims & Hers Reports Strong Growth Amid Challenges
Aug 6, 2025

The recent earnings call for Hims & Hers Health, Inc. painted a picture of robust growth tempered by certain financial challenges. The company reported strong revenue and subscriber growth, alongside strategic expansions into new markets and healthcare offerings. However, the call also highlighted some hurdles, such as a decline in GLP-1 revenue, negative free cash flow, and rising general and administrative (G&A) and technology costs.

Hims & Hers Health Reports Strong Q2 2025 Growth
Aug 5, 2025

Hims & Hers Health, Inc. is a health and wellness platform focused on providing personalized care solutions to improve overall health and well-being. The company operates in the healthcare sector, offering a range of services that cater to individual health needs through a digital platform.

Business Operations and StrategyFinancial Disclosures
Hims & Hers Health Reports Strong Q2 2025 Financial Growth
Positive
Aug 4, 2025

Hims & Hers Health, Inc. reported significant financial growth in the second quarter of 2025, with a 73% increase in revenue year-over-year, reaching $544.8 million. The company also saw a 31% increase in subscribers, totaling over 2.4 million, and a net income of $42.5 million. The company is focusing on expanding its capabilities, including enhancing personalization in pharmacies, expanding lab testing, and growing its international presence, which is expected to further strengthen its market position.

The most recent analyst rating on (HIMS) stock is a Hold with a $40.00 price target. To see the full list of analyst forecasts on Hims & Hers Health stock, see the HIMS Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Nov 04, 2025