NYSE$HIMS

Hims & Hers Health Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported outstanding Q2 2022 results driven by consumer-centric strategy and platform demand.

Hims & Hers Health, Inc. reported an 87% increase in quarterly revenue, reaching $113.6 million in Q2 2022. The company saw record growth in net new subscriptions for the second straight quarter, ending with 817,000 subscriptions. Due to this momentum, the company raised its full year 2022 revenue guidance to $470 million to $485 million and Adjusted EBITDA guidance to $(27) million to $(20) million.

  • Revenue was $113.6 million for the second quarter 2022, an increase of 87% year-over-year.
  • Net loss was $(19.7) million for the second quarter 2022.
  • Gross margin was 77% for the second quarter 2022.
  • Ended Q2 2022 with 817,000 subscriptions, up 80% year-over-year.

Headline financials

Total Revenue

$114M

Previous: $60.7M+87.1%
EPS (adj)

-$0.10

Previous: -$0.05-100.0%
Free Cash Flow

-$19.7M

Previous: -$9.15M-115.0%
Net Income

-$19.7M

Previous: -$9.15M-115.0%
Operating Income

-$20.2M

Previous: -$17.4M-16.0%
Gross Profit

$87.2M

Previous: $47.3M+84.4%
Cash & Equivalents

$55M

Previous: $107M-48.6%
Total Assets

$380M

Previous: $348M+9.3%
Stock-Based Comp

$10.6M

Previous: $9.16M+16.1%

Revenue & EPS history

Hims & Hers · Revenue · Quarterly

$114M

Q2 2022+87.1%vs Q2 2021
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

Hims & Hers · $114M total across 2 segments · Q2 2022

  • Online Revenue
    $107M+84.8%
  • Wholesale Revenue
    $6.1M+139.6%

Forward guidance

Hims & Hers provides guidance based on current market conditions and expectations for revenue and Adjusted EBITDA. For the full year 2022, we expect revenue to be in the range of $470 million to $485 million and Adjusted EBITDA to be in the range of $(27) million to $(20) million.

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 2022

Historical avgQ2 2022

+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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