NYSE$HIMS

Hims & Hers Health Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Revenue increased and the company invested in infrastructure and technologies.

Hims & Hers Health, Inc. reported a 69% year-over-year increase in revenue to $60.7 million for Q2 2021. The company is focused on building a unified consumer platform across multiple medical specialties.

  • Revenue was $60.7 million for the second quarter 2021 compared to $35.9 million for the second quarter 2020, an increase of 69% year-over-year.
  • Net loss was $(9.2) million for the second quarter 2021 compared to $(1.0) million for the second quarter 2020.
  • Gross margin was 78% for the second quarter 2021 compared to 71% for the second quarter 2020.
  • Adjusted EBITDA was $(4.7) million for the second quarter 2021 compared to $1.2 million for the second quarter 2020.

Headline financials

Total Revenue

$60.7M

Previous: $35.9M+69.0%
EPS (adj)

-$0.05

Previous: -$0.03-66.7%
Free Cash Flow

-$9.15M

No prior period
Net Income

-$9.15M

Previous: -$981K-833.0%
Operating Income

-$17.4M

Previous: -$979K-1678.0%
Gross Profit

$47.3M

Previous: $25.7M+84.2%
Cash & Equivalents

$107M

Previous: $1.39M+7633.1%
Total Assets

$348M

Previous: $206M+68.6%
Stock-Based Comp

$9.16M

Previous: $1.93M+375.8%

Revenue & EPS history

Hims & Hers · Revenue · Quarterly

$60.7M

Q2 2021+69%vs Q2 2020
Beat estimate in 7 of 8 quarters(88%)
ActualEstimate

Revenue by segment

Hims & Hers · $60.7M total across 2 segments · Q2 2021

  • Online Revenue
    $58.1M+74.7%
  • Wholesale Revenue
    $2.55M-2.8%

Forward guidance

For the third quarter 2021, Hims & Hers expects revenue to be in the range of $69 million to $71 million and Adjusted EBITDA to be in the range of $(9) million to $(11) million. For the full year 2021, the company expects revenue to be in the range of $251 million to $255 million and Adjusted EBITDA to be in the range of $(35) million to $(40) million.

Tailwinds

  • Revenue to be in the range of $69 million to $71 million for Q3 2021.
  • Adjusted EBITDA to be in the range of $(9) million to $(11) million for Q3 2021.
  • Revenue to be in the range of $251 million to $255 million for the full year 2021.
  • Adjusted EBITDA to be in the range of $(35) million to $(40) million for the full year 2021.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2021

Historical avgQ2 2021

+2.5%

Avg return

Earnings day

+3.8%

Avg return

5 days after

+11.7%

Avg return

30 days after

50%

13 / 26 earnings

Positive

+41.1%

Q4 2023

Best reaction

-22.3%

Q4 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+3.0%-11.4%-1.8%
Q4 2025-2.8%-6.4%+34.5%
Q3 2025-3.6%-7.6%-9.8%
Q1 2025+18.5%+24.1%+26.0%
Q4 2024-22.3%-12.1%-37.8%
Q3 2024+1.4%+15.0%+66.6%
Q2 2024-4.0%-9.2%-16.9%
Q1 2024+9.7%+9.1%+93.2%
Q4 2023+41.1%+37.8%+65.3%
Q3 2023+7.6%+5.1%+37.3%
Q2 2023-8.7%-11.7%-15.2%
Q1 2023-11.5%-10.2%-23.9%
Q4 2022+15.4%+6.0%+2.7%
Q3 2022+30.1%+37.2%+64.7%
Q2 2022-3.4%+9.2%-0.6%
Q1 2022-13.0%-13.5%+5.3%
Q4 2021+8.0%+20.5%+19.8%
Q3 2021-7.0%-1.3%-26.3%
Q2 2021+7.0%-4.7%+11.1%
Q1 2021+13.7%+44.9%+33.1%
Q2 2020-8.4%-7.2%-21.9%
Q4 2020-7.5%-15.4%-21.3%
Q3 2020+0.1%+0.0%+17.5%
Q1 2020-0.7%-0.5%+0.1%
Q4 2019+1.4%+2.1%+2.2%
Q3 2019+0.0%+0.3%-0.6%
Q2 2019
Q1 2019

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