Telehealth platform Hims & Hers swings to Q2 net loss as margin pressure offsets revenue growth
HIMS•Outlook
- Company raises 2026 revenue guidance to $3.1 bln-$3.3 bln
- Company updates 2026 adj EBITDA outlook to $275 mln-$325 mln
- Hims & Hers expects Q3 revenue of $880 mln-$900 mln
Overview
- US health platform's Q2 revenue rose 38% yr/yr, beating analyst expectations
- Company posted Q2 net loss of $86.3 mln, compared to net income a year earlier
- Full-year 2026 revenue guidance raised to $3.1 bln-$3.3 bln on strong domestic and international growth
- Shares of the company were down about 6% in extended trading
Result drivers
- International expansion - Co said international business grew more than 17-fold, boosted by the Eucalyptus acquisition
- Subscriber growth - Subscribers rose 19% yr/yr to nearly 2.9 mln, supporting revenue growth
- Higher revenue per subscriber - Monthly revenue per average subscriber increased 21% yr/yr to $92
- Acquisition, restructuring charges - Gross margin contracts to 64% from 76% a year earlier on acquisition and restructuring charges
