Filing Flows › Hims & Hers Health (HIMS) › Q1 2025
Hims & Hers Health (HIMS) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 5, 2025
Hims & Hers Health (HIMS) reported revenue of $586M for the first quarter 2025 (Q1 2025), +111% from a year earlier and +22% from the quarter before. Operating margin was 9.9%, net earnings $49.5M (8.4% of revenue).
Hims & Hers Health, Q1 2025: revenue $586M (+111% year over year), operating margin 9.9%, net earnings $49.5M, operating cash flow $109M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $586M | +22% | +111% |
| Gross profit | $431M | +17% | +88% |
| Operating profit | $57.9M | +211% | +485% |
| Net earnings | $49.5M | +90% | +345% |
| Operating cash flow | $109M | +26% | +322% |
| Free cash flow | $50.1M | — | +321% |
What changed
Revenue was $586.0M in Q1 2025, up 111% year over year and up 22% from the previous quarter.
Gross margin was 73.5%, down 8.9 points from a year earlier. Operating profit was $57.9M, a 9.9% margin (up 6.3 points year over year). Of the extra revenue versus a year earlier, 16% reached operating profit, above the 4% margin then. Operating expenses grew 70% against revenue growth of 111%. The fastest-growing cost line was Other operating costs (+76%). Net earnings were $49.5M, up 345% year over year. The effective tax rate was 18.2%.
Operating cash flow was $109.1M (up 322% year over year), 220% of net earnings. Non-cash charges added back $8.3M of depreciation and amortization and $24.9M of share-based compensation. Working capital and other items added $26.5M. After purchases of property, equipment, and intangible assets in investing activities ($55.3M) and investment in website development and internal-use software in investing activities ($3.7M), free cash flow as the company reports it was $50.1M.
Questions
What was Hims & Hers Health's revenue in the first quarter 2025?
Hims & Hers Health (HIMS) reported revenue of $586M for the first quarter 2025 (Q1 2025), +111% from a year earlier and +22% from the quarter before.
Was Hims & Hers Health profitable in the first quarter 2025?
Operating profit was $57.9M (9.9% of revenue) and net earnings $49.5M.
Source: Hims & Hers Health 10-Q on SEC EDGAR.