Filing Flows › Honest Company (HNST) › Q1 2026
Honest Company (HNST) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
Honest Company (HNST) reported revenue of $78.1M for the first quarter 2026 (Q1 2026), -20% from a year earlier and -11% from the quarter before. Operating margin was -0.8%, net loss $42K (0.1% of revenue).
Honest Company, Q1 2026: revenue $78.1M (-20% year over year), operating margin -0.8%, net loss $42K, operating cash flow $5.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $78.1M | -11% | -20% |
| Operating profit | −$659K | — | -126% |
| Net earnings | −$42K | — | -101% |
| Operating cash flow | $5.5M | -71% | — |
| Free cash flow | $3.8M | -79% | — |
What changed
Revenue was $78.1M in Q1 2026, down 20% year over year and down 11% from the previous quarter. Wipes was the largest line at 40% of revenue. Diapers lost $4.9M year over year (down 19%), 26% of the total change.
Gross margin was 42.6%, up 3.9 points from Q1 2025. Operating costs exceeded revenue by $659K, an operating margin of -0.8%. Operating expenses fell 4% while revenue fell 20%. The fastest-growing cost line was Other operating costs (+19%). The quarter ended with a net loss of $42K, narrower than the previous quarter's $23.6M loss. Non-operating items added $663K, 16575% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $5.5M. Non-cash charges added back $646K of depreciation and amortization and $2.5M of share-based compensation. Working capital and other items added $2.5M. Capital expenditures of $1.7M left free cash flow of $3.8M.
Questions
What was Honest Company's revenue in the first quarter 2026?
Honest Company (HNST) reported revenue of $78.1M for the first quarter 2026 (Q1 2026), -20% from a year earlier and -11% from the quarter before.
Was Honest Company profitable in the first quarter 2026?
Operating loss was $659K (-0.8% of revenue) and net loss $42K.
Source: Honest Company 10-Q on SEC EDGAR.