https://assets.capyfin.com/instruments/678fdc13234e27009c5d5fec.png avatar
Hims & Hers
🇺🇸 NYSE:HIMS
View Company
OverviewEarningsDividends
•
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.

Total Revenue
$167M
Previous year: $84.7M
+97.4%
EPS
-$0.05
Previous year: -$0.15
-66.7%
Gross Profit
$132M
Previous year: $62.1M
+113.1%
Cash and Equivalents
$46.8M
Previous year: $71.8M
-34.8%
Total Assets
$366M
Previous year: $421M
-12.9%

Hims & Hers

Hims & Hers

Hims & Hers Revenue by Segment

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

Company Overview

Full financial data and analysis

View Hims & Hers