Hims & Hers guides Q1 2026 revenue below expectations and shares fall

Hims & Hers reported fourth-quarter 2025 revenue of $617.8 million, up 28%, and full-year revenue of $2.35 billion, up 59%. It guided 2026 revenue to $2.7 billion to $2.9 billion, and first-quarter revenue to $600 million to $625 million, below what analysts expected. Shares fell in premarket trading on the weaker outlook.

• Q4 2025 revenue $617.8 million (+28%); adjusted EBITDA $66.3 million, against $54.1 million a year earlier.
• Full-year 2025 revenue $2,347.6 million (+59%); adjusted EBITDA $318.0 million; year-end subscribers 2.511 million (+13%).
• 2026 guidance: revenue $2.7 billion to $2.9 billion and adjusted EBITDA $300 million to $375 million.
• Q1 2026 guidance: revenue $600 million to $625 million and adjusted EBITDA $35 million to $55 million.

SEC filing 8-K · accession 0001773751-26-000019 · sec.gov ↗