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Dec 31, 2022
Hims & Hers Q4 2022 Earnings Report
Reported record revenue, achieved Adjusted EBITDA profitability, and surpassed one million subscribers.
Key Takeaways
Hims & Hers Health, Inc. reported a record fourth quarter with a 97% increase in revenue year-over-year, reaching $167.2 million. The company also achieved Adjusted EBITDA profitability of $3.9 million and surpassed one million subscribers. For the full year 2022, revenue increased by 94% to $526.9 million.
Q4 2022 revenue reached a record $167.2 million, a 97% increase year-over-year.
The company achieved Adjusted EBITDA profitability of $3.9 million in Q4 2022.
Hims & Hers surpassed one million subscribers by the end of 2022, reflecting an 88% year-over-year growth.
Full year 2022 revenue totaled $526.9 million, up 94% year-over-year.
Hims & Hers
Hims & Hers
Hims & Hers Revenue by Segment
Revenue by Segment
Online Revenue
CapyFin.comWholesale Revenue
CapyFin.com Forward Guidance
Hims & Hers provided financial outlook for Q1 2023 and full year 2023. For Q1 2023, the company expects revenue of $175 million to $180 million and Adjusted EBITDA of $3 million to $6 million. For the full year 2023, the company expects revenue of $735 million to $755 million and Adjusted EBITDA of $20 million to $30 million.
Positive Outlook
- Expects Q1 2023 revenue of $175 million to $180 million.
- Projects Q1 2023 Adjusted EBITDA of $3 million to $6 million.
- Anticipates full year 2023 revenue of $735 million to $755 million.
- Forecasts full year 2023 Adjusted EBITDA of $20 million to $30 million.
- Targets revenue of at least $1.2 billion by 2025.
Challenges Ahead
- The guidance constitutes forward-looking statements and actual results may differ materially.
- The company cannot predict with reasonable certainty the ultimate outcome of certain components of such reconciliations.
- The company is unable to assess the probable significance of the unavailable information, which could materially impact the amount of future net loss.
- Forward-looking statements involve risks and uncertainties that may cause actual results to differ materially.
- The forward-looking statements are based on current expectations and beliefs concerning future developments and their potential effects.
Revenue & Expenses
Visualization of income flow from segment revenue to net income