Filing Flows › Hims & Hers Health (HIMS) › Q2 2025
Hims & Hers Health (HIMS) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 4, 2025
Hims & Hers Health (HIMS) reported revenue of $545M for the second quarter 2025 (Q2 2025), +73% from a year earlier and -7% from the quarter before. Operating margin was 4.9%, net earnings $42.5M (7.8% of revenue).
Hims & Hers Health, Q2 2025: revenue $545M (+73% year over year), operating margin 4.9%, net earnings $42.5M, operating cash flow −$19.1M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $545M | -7% | +73% |
| Gross profit | $416M | -3% | +62% |
| Operating profit | $26.7M | -54% | +142% |
| Net earnings | $42.5M | -14% | +220% |
| Operating cash flow | −$19.1M | -118% | — |
What changed
Revenue was $544.8M in Q2 2025, up 73% year over year and down 7% from the previous quarter.
Gross margin was 76.4%, down 4.9 points from a year earlier. Operating profit was $26.7M, a 4.9% margin (up 1.4 points year over year). Of the extra revenue versus a year earlier, 7% reached operating profit, above the 3% margin then. Operating expenses grew 59% against revenue growth of 73%. The fastest-growing cost line was General & admin (+66%). Net earnings were $42.5M, up 220% year over year. The effective tax rate was -29.4%.
Operating cash flow was −$19.1M. Non-cash charges added back $10.5M of depreciation and amortization and $35.7M of share-based compensation. Working capital and other items used $107.8M. Capital expenditures of $50.4M exceeded it, leaving free cash flow of −$69.5M.
Questions
What was Hims & Hers Health's revenue in the second quarter 2025?
Hims & Hers Health (HIMS) reported revenue of $545M for the second quarter 2025 (Q2 2025), +73% from a year earlier and -7% from the quarter before.
Was Hims & Hers Health profitable in the second quarter 2025?
Operating profit was $26.7M (4.9% of revenue) and net earnings $42.5M.
Source: Hims & Hers Health 10-Q on SEC EDGAR.