Filing Flows › Hims & Hers Health (HIMS) › Q4 2024
Hims & Hers Health (HIMS) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Feb 24, 2025
Hims & Hers Health (HIMS) reported revenue of $481M for the fourth quarter 2024 (Q4 2024), +95% from a year earlier and +20% from the quarter before. Operating margin was 3.9%, net earnings $26.0M (5.4% of revenue).
Hims & Hers Health, Q4 2024: revenue $481M (+95% year over year), operating margin 3.9%, net earnings $26.0M, operating cash flow $86.4M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $481M | +20% | +95% |
| Gross profit | $370M | +16% | +81% |
| Operating profit | $18.6M | -17% | — |
| Net earnings | $26.0M | -66% | 21× |
| Operating cash flow | $86.4M | +1% | +293% |
| Free cash flow | $59.5M | — | +452% |
What changed
Revenue was $481.1M in Q4 2024, up 95% year over year and up 20% from the previous quarter.
Gross margin was 76.8%, down 5.9 points from a year earlier. Operating profit was $18.6M, a 3.9% margin (up 4.0 points year over year). Operating expenses grew 72% against revenue growth of 95%. The fastest-growing cost line was Other operating costs (+76%). Net earnings were $26.0M, up 1990% year over year. The effective tax rate was -16.8%.
Operating cash flow was $86.4M (up 293% year over year), 332% of net earnings. Non-cash charges added back $6.1M of depreciation and amortization and $24.3M of share-based compensation. Working capital and other items added $29.9M. After purchases of property, equipment, and intangible assets in investing activities ($24.5M) and investment in website development and internal-use software in investing activities ($2.4M), free cash flow as the company reports it was $59.5M.
Questions
What was Hims & Hers Health's revenue in the fourth quarter 2024?
Hims & Hers Health (HIMS) reported revenue of $481M for the fourth quarter 2024 (Q4 2024), +95% from a year earlier and +20% from the quarter before.
Was Hims & Hers Health profitable in the fourth quarter 2024?
Operating profit was $18.6M (3.9% of revenue) and net earnings $26.0M.
Source: Hims & Hers Health 10-K on SEC EDGAR.