Filing Flows › Hims & Hers Health (HIMS) › Q3 2025
Hims & Hers Health (HIMS) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 3, 2025
Hims & Hers Health (HIMS) reported revenue of $599M for the third quarter 2025 (Q3 2025), +49% from a year earlier and +10% from the quarter before. Operating margin was 2.0%, net earnings $15.8M (2.6% of revenue).
Hims & Hers Health, Q3 2025: revenue $599M (+49% year over year), operating margin 2.0%, net earnings $15.8M, operating cash flow $149M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $599M | +10% | +49% |
| Gross profit | $442M | +6% | +39% |
| Operating profit | $11.8M | -56% | -47% |
| Net earnings | $15.8M | -63% | -79% |
| Operating cash flow | $149M | — | +74% |
| Free cash flow | $79.4M | — | 0% |
What changed
Revenue was $599.0M in Q3 2025, up 49% year over year and up 10% from the previous quarter.
Gross margin was 73.8%, down 5.4 points from a year earlier. Operating profit was $11.8M, a 2.0% margin (down 3.6 points year over year). Operating profit fell $10.6M even though revenue rose $197.4M versus a year earlier, so costs grew faster than sales. Operating expenses grew 46% against revenue growth of 49%. The fastest-growing cost line was General & admin (+81%). Net earnings were $15.8M, down 79% year over year. The effective tax rate was -29.1%.
Operating cash flow was $148.7M (up 74% year over year), 943% of net earnings. Non-cash charges added back $17.7M of depreciation and amortization and $40.2M of share-based compensation. Working capital and other items added $75.1M. After purchases of property, equipment, and intangible assets in investing activities ($65.3M) and investment in website development and internal-use software in investing activities ($4.1M), free cash flow as the company reports it was $79.4M.
Questions
What was Hims & Hers Health's revenue in the third quarter 2025?
Hims & Hers Health (HIMS) reported revenue of $599M for the third quarter 2025 (Q3 2025), +49% from a year earlier and +10% from the quarter before.
Was Hims & Hers Health profitable in the third quarter 2025?
Operating profit was $11.8M (2.0% of revenue) and net earnings $15.8M.
Source: Hims & Hers Health 10-Q on SEC EDGAR.