Filing Flows › Honest Company (HNST) › Q3 2026 › vs Q3 2025
Honest Company (HNST) Q3 2026 vs Q3 2025 (year over year)
Honest Company's revenue fell $8.0M (-9%) from $92.6M in Q3 2025 to $84.6M in Q3 2026. The biggest changes: Honest.com, Apparel and Canada −$14.7M (-73%); Wipes +$8.2M (+27%); Diapers −$5.0M (-22%). Gross margin 45.0% against 37.3% (+7.7 pts).
Honest Company, Q3 2026: revenue $84.6M (-9% year over year), operating margin 1.4%, net earnings $91.3M, operating cash flow −$4.5M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 45.0% | 37.3% | +7.7 pts |
| Operating margin | 1.4% | 0.3% | +1.0 pts |
| Net margin | 107.9% | 0.8% | +107.1 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Wipes | $38.6M | $30.4M | $8.2M | +27% |
| Personal Care and Other | $23.5M | $20.0M | $3.4M | +17% |
| Diapers | $17.2M | $22.2M | −$5.0M | -22% |
| Honest.com, Apparel and Canada | $5.3M | $20.0M | −$14.7M | -73% |
| Revenue | $84.6M | $92.6M | −$8.0M | -9% |
| Gross profit | $38.1M | $34.5M | $3.6M | +10% |
| Cost of revenue | $46.5M | $58.1M | −$11.5M | -20% |
| Other income, net | $763K | $555K | $208K | +37% |
| Operating profit | $1.2M | $313K | $847K | +271% |
| Operating expenses | $36.9M | $34.2M | $2.7M | +8% |
| Pre-tax earnings | $1.9M | $868K | $1.1M | +122% |
| Research & development | $2.1M | $1.7M | $448K | +26% |
| SG&A | $16.6M | $17.7M | −$1.1M | -6% |
| Other operating costs | $18.1M | $14.8M | $3.3M | +23% |
| Income tax benefit | $89.4M | −$110K | $89.5M | — |
| Net earnings | $91.3M | $758K | $90.6M | 120× |
| Operating cash sources | $99.6M | $4.4M | $95.2M | 23× |
| Depreciation & amortization | $677K | $722K | −$45K | -6% |
| Share-based compensation | $3.1M | $2.4M | $744K | +31% |
| Cash used in operations | $4.5M | $504K | $4.0M | +790% |
| Working capital & other | $99.6M | $4.4M | $95.2M | 23× |
Questions
How much did Honest Company's revenue grow year over year in Q3 2026?
Honest Company's revenue fell $8.0M (-9%) from $92.6M in Q3 2025 to $84.6M in Q3 2026.
What drove Honest Company's revenue change in Q3 2026?
Honest.com, Apparel and Canada −$14.7M (-73%); Wipes +$8.2M (+27%); Diapers −$5.0M (-22%).