Sam Badawi(@Sam_Badawi):Why is Hims & Hers $HIMS down after earnings? Well first of all that was a LOT of red in terms of misses. Second here is the problem. Gross margin collapsed to 57% from 74%, turning a $16M profit into a $33M loss. Then they cut full year adjusted EBITDA guidance by 11% and guided Q4 revenue well below the Street.

2026.11.10 01:39

Why is Hims & Hers $HIMS down after earnings? Well first of all that was a LOT of red in terms of misses. Second here is the problem. Gross margin collapsed to 57% from 74%, turning a $16M profit into a $33M loss. Then they cut full year adjusted EBITDA guidance by 11% and guided Q4 revenue well below the Street.

Sam Badawi@Sam_Badawi

2026.11.09 21:12

Hims & Hers - FY2026 Q3 Earnings $HIMS $21.69 [-5.60% AH] ❌ Revenue: $890.4M (Est: $893.4M) [+49% YoY] ❌ EPS: $0.03 (Est: $0.07), adjusted, my calc, GAAP EPS -$0.14 Additional Metrics: ✅ Adjusted EBITDA: $82.4M (Est: $82.2M) [+5% YoY] Adjusted EBITDA Margin: 9.3%, year-ago 13.1% Gross Margin: 57%, year-ago 74% Adjusted Net Income: $6.5M [-68% YoY] GAAP Net Loss: $33.0M, year-ago income $15.8M Subscribers: 2.79M [+13% YoY] Monthly Revenue per Average Subscriber: $105 [+30% YoY] Operating Cash Flow: $65.4M [-56% YoY] Free Cash Flow: $26.0M [-67% YoY] Cash and Short-Term Investments: $712.2M Geographic Revenue: United States: $657.1M [+21% YoY] Rest of World: $233.3M [+321% YoY] Q4 2026 Guidance: ❌ Revenue: $875-895M (Est: $961.2M) ❌ Adjusted EBITDA: $70-90M (Est: $103.9M) FY2026 Guidance: ❌ Revenue: $3.13-3.15B (Est: $3.22B) (Prior: $3.1-3.3B) ✅ Adjusted EBITDA: $257-277M (Est: $264.5M) (Prior: $275-325M)