Filing Flows › Hims & Hers Health (HIMS) › Q1 2026
Hims & Hers Health (HIMS) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 11, 2026
Hims & Hers Health (HIMS) reported revenue of $608M for the first quarter 2026 (Q1 2026), +4% from a year earlier and -2% from the quarter before. Operating margin was -12.9%, net loss $92.1M (15.1% of revenue).
Hims & Hers Health, Q1 2026: revenue $608M (+4% year over year), operating margin -12.9%, net loss $92.1M, operating cash flow $89.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $608M | -2% | +4% |
| Operating profit | −$78.3M | -953% | -235% |
| Net earnings | −$92.1M | -547% | -286% |
| Operating cash flow | $89.4M | +46% | -18% |
| Free cash flow | $53.0M | — | +6% |
What changed
Revenue was $608.1M in Q1 2026, up 4% year over year and down 2% from the previous quarter.
Gross margin was 65.2%, down 8.2 points from Q1 2025. Operating costs exceeded revenue by $78.3M, an operating margin of -12.9%. Operating expenses grew 27% against revenue growth of 4%. The fastest-growing cost line was General & admin (+126%). The quarter ended with a net loss of $92.1M, after a profit of $20.6M the previous quarter.
Operating cash flow was $89.4M (down 18% year over year). Non-cash charges added back $22.0M of depreciation and amortization and $36.9M of share-based compensation. Working capital and other items added $122.7M. After purchases of property, equipment, and intangible assets in investing activities ($29.8M) and investment in website development and internal-use software in investing activities ($6.5M), free cash flow as the company reports it was $53.0M.
Questions
What was Hims & Hers Health's revenue in the first quarter 2026?
Hims & Hers Health (HIMS) reported revenue of $608M for the first quarter 2026 (Q1 2026), +4% from a year earlier and -2% from the quarter before.
Was Hims & Hers Health profitable in the first quarter 2026?
Operating loss was $78.3M (-12.9% of revenue) and net loss $92.1M.
Source: Hims & Hers Health 10-Q on SEC EDGAR.