Filing Flows › Honest Company (HNST) › Q2 2026 › vs Q2 2025
Honest Company (HNST) Q2 2026 vs Q2 2025 (year over year)
Honest Company's revenue fell $10.2M (-11%) from $93.5M in Q2 2025 to $83.3M in Q2 2026. The biggest changes: Honest.com, Apparel and Canada −$15.2M (-83%); Wipes +$10.7M (+37%); Diapers −$5.4M (-21%). Gross margin 48.4% against 40.4% (+8.1 pts).
Honest Company, Q2 2026: revenue $83.3M (-11% year over year), operating margin 11.5%, net earnings $10.7M, operating cash flow $32.2M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 48.4% | 40.4% | +8.1 pts |
| Operating margin | 11.5% | 3.1% | +8.4 pts |
| Net margin | 12.8% | 4.1% | +8.7 pts |
| Free cash flow margin | 37.8% | -0.9% | +38.7 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Wipes | $39.5M | $28.7M | $10.7M | +37% |
| Personal Care and Other | $20.5M | $20.8M | −$234K | -1% |
| Diapers | $20.2M | $25.6M | −$5.4M | -21% |
| Honest.com, Apparel and Canada | $3.1M | $18.3M | −$15.2M | -83% |
| Revenue | $83.3M | $93.5M | −$10.2M | -11% |
| Gross profit | $40.4M | $37.8M | $2.6M | +7% |
| Cost of revenue | $42.9M | $55.7M | −$12.8M | -23% |
| Other income, net | $1.2M | $1.0M | $148K | +14% |
| Operating profit | $9.6M | $2.9M | $6.7M | +232% |
| Operating expenses | $30.8M | $34.9M | −$4.1M | -12% |
| Pre-tax earnings | $10.8M | $3.9M | $6.8M | +175% |
| Research & development | $1.7M | $2.0M | −$238K | -12% |
| SG&A | $15.0M | $20.4M | −$5.4M | -26% |
| Other operating costs | $14.1M | $12.6M | $1.5M | +12% |
| Net earnings | $10.7M | $3.9M | $6.8M | +176% |
| Income tax | $65K | $44K | $21K | +48% |
| Depreciation & amortization | $698K | $741K | −$43K | -6% |
| Share-based compensation | $3.0M | $2.7M | $299K | +11% |
| Working capital & other | $17.8M | −$8.1M | $25.9M | — |
| Operating cash flow | $32.2M | −$745K | $33.0M | — |
| Free cash flow (OCF − capex) | $31.5M | −$826K | $32.3M | — |
| Capital expenditures | $762K | $81K | $681K | +841% |
Questions
How much did Honest Company's revenue grow year over year in Q2 2026?
Honest Company's revenue fell $10.2M (-11%) from $93.5M in Q2 2025 to $83.3M in Q2 2026.
What drove Honest Company's revenue change in Q2 2026?
Honest.com, Apparel and Canada −$15.2M (-83%); Wipes +$10.7M (+37%); Diapers −$5.4M (-21%).