Hims & Hers reported first quarter 2026 revenue of $608.1 million, a 4% increase year-over-year, and a net loss per share of $0.40. Both figures fell short of analyst expectations. The company's subscriber base grew 9% from the prior year to nearly 2.6 million, and management raised its full-year 2026 revenue guidance.
Key Highlights
- First quarter revenue grew 4% year-over-year to $608.1 million, missing the consensus estimate of $616.9 million.
- The company reported a net loss of $92.1 million, or ($0.40) per share, a sharp reversal from last year's $49.5 million net income and well below the expected profit of $0.04 per share.
- Gross margin contracted significantly, falling to 65% from 73% in the first quarter of 2025, reflecting the company's pivot in its weight management offerings.
- Total subscribers increased 9% year-over-year to 2.58 million, and the company raised its full-year 2026 revenue guidance to between $2.8 billion and $3.0 billion.