Honest Company Q3 revenue beats estimates as wipes and personal care products grow
HNST•The Honest Company reported Q3 revenue of $84.61 million, down 8.6% year over year but above the $80.79 million estimate, and adjusted EBITDA of $6.3 million, ahead of the $2.56 million estimate. It raised its 2026 outlook and announced a new $30 million share repurchase program.
1. Quarterly results
Q3 revenue was $84.61 million, down 8.6% but above the $80.79 million analyst estimate. Adjusted EBITDA was $6.3 million, compared with the $2.56 million estimate, and gross margin was 45%. The company reported net income of $91.32 million.
2. Outlook and drivers
The company raised its 2026 revenue outlook to $322 million-$325 million from $319 million-$325 million, and now expects organic revenue growth of 6%-7%, up from 5%-7%. It raised its adjusted EBITDA outlook to $25 million-$26 million from $23 million-$25 million and announced a new $30 million share repurchase program. The company attributed organic revenue growth to wipes and personal care products, partly offset by lower diaper revenue, and said strategic exits and diaper declines contributed to the revenue fall.
