•
Dec 31, 2021

Hims & Hers Q4 2021 Earnings Report

Reported financial results for the fourth quarter and full year ended December 31, 2021, surpassing revenue and Adjusted EBITDA expectations.

Key Takeaways

Hims & Hers Health, Inc. reported a strong Q4 2021 with revenue reaching $84.7 million, a 104% increase year-over-year, and ending member subscriptions growing 95% year-over-year to 609,000. The company exceeded its revenue and Adjusted EBITDA guidance for both Q4 2021 and the full year 2021.

Q4 2021 revenue increased 104% year-over-year to $84.7 million.

Q4 2021 ending member subscriptions grew 95% year-over-year to 609,000.

Launched Hims & Hers mobile platform on the iOS app store.

Announced additional strategic national omnichannel retail collaborations with Amazon, CVS, GNC, Walgreens, and Walmart.

Total Revenue
$84.7M
Previous year: $41.5M
+104.3%
EPS
-$0.15
Previous year: -$0.07
+114.3%
Gross Profit
$62.1M
Previous year: $31.9M
+94.7%
Cash and Equivalents
$71.8M
Previous year: $27.3M
+162.5%
Total Assets
$421M
Previous year: $119M
+254.3%

Hims & Hers

Hims & Hers

Hims & Hers Revenue by Segment

Forward Guidance

For Q1 2022, Hims & Hers expects revenue in the range of $90 million to $93 million and Adjusted EBITDA in the range of $(12) million to $(10) million. For full year 2022, the company expects revenue in the range of $365 million to $380 million and Adjusted EBITDA in the range of $(30) million to $(20) million.

Positive Outlook

  • Revenue to be in the range of $90 million to $93 million for Q1 2022.
  • Adjusted EBITDA to be in the range of $(12) million to $(10) million for Q1 2022.
  • Revenue to be in the range of $365 million to $380 million for full year 2022.
  • Adjusted EBITDA to be in the range of $(30) million to $(20) million for full year 2022.

Revenue & Expenses

Visualization of income flow from segment revenue to net income