NYSE$HIMS

Hims & Hers Health Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Revenue grew and subscriptions increased.

Hims & Hers Health, Inc. reported a revenue increase of 79% year-over-year to $74.2 million for Q3 2021. Ending member subscriptions grew 95% year-over-year to 551,000. The company exceeded its Q3 2021 revenue guidance and raised its full year 2021 guidance.

  • Revenue was $74.2 million, up 79% year-over-year.
  • Net loss was $(15.9) million compared to $(5.9) million for the third quarter 2020.
  • Gross margin was 74% compared to 76% for the third quarter 2020.
  • Adjusted EBITDA was $(9.8) million compared to $(1.6) million for the third quarter 2020.

Headline financials

Total Revenue

$74.2M

Previous: $41.3M+79.5%
EPS (adj)

-$0.08

Previous: -$0.16+50.0%
Free Cash Flow

-$15.9M

No prior period
Net Income

-$15.9M

Previous: -$5.87M-171.5%
Operating Income

-$27.7M

Previous: -$3.32M-732.9%
Gross Profit

$54.9M

Previous: $31.3M+75.4%
Cash & Equivalents

$64.8M

Previous: $1.26M+5050.4%
Total Assets

$420M

Previous: $206M+104.1%
Stock-Based Comp

$11.9M

Previous: $1.41M+739.4%

Revenue & EPS history

Hims & Hers · Revenue · Quarterly

$74.2M

Q3 2021+79.5%vs Q3 2020
Beat estimate in 7 of 8 quarters(88%)
ActualEstimate

Revenue by segment

Hims & Hers · $74.2M total across 2 segments · Q3 2021

  • Online Revenue
    $72M
  • Wholesale Revenue
    $2.14M

Forward guidance

For the fourth quarter 2021, Hims & Hers expects revenue to be in the range of $76 million to $78 million, and Adjusted EBITDA to be in the range of $(12) million to $(14) million. For the full year 2021, the company expects revenue to be in the range of $263 million to $265 million, and Adjusted EBITDA to be in the range of $(35) million to $(37) million.

Tailwinds

  • Revenue to be in the range of $76 million to $78 million for Q4 2021.
  • Adjusted EBITDA to be in the range of $(12) million to $(14) million for Q4 2021.
  • Revenue to be in the range of $263 million to $265 million for the full year 2021.
  • Adjusted EBITDA to be in the range of $(35) million to $(37) 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 Q3 2021

Historical avgQ3 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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