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Core Viewpoint - Hims & Hers Health Inc. is positioned as a potential disruptor in the healthcare sector, combining traditional medicine with telehealth innovations, leading to significant user growth and financial performance [2][4][10]. Company Performance - The company reported active users reaching 2.4 million, reflecting a net growth rate of 38% over the past year [5]. - Hims & Hers achieved a net revenue growth of 111% year-over-year, totaling $586 million [6]. - The gross profit margin stands at an attractive 73%, allowing for substantial capital retention from sales [7]. - Free cash flow reached a record $50.1 million, nearly five times the previous year's $11.9 million [8]. - The return on invested capital (ROIC) is reported at 24.6%, indicating strong potential for long-term value compounding [9]. Market Dynamics - The company secured a collaboration deal with Novo Nordisk, enhancing its revenue streams and industry recognition [10]. - Institutional investors contributed $739 million in capital over the past quarter, with an additional $86 million in the current quarter, signaling strong market confidence [11]. - Approximately 33.3% of Hims & Hers shares are held in short positions, creating potential for a "short squeeze" if the stock rallies [12]. - Analysts may adjust their valuations and ratings in response to the company's growth, potentially leading to upward pressure on the stock price [13].

Investor Presentation May 2025 > hims & hers SUPPLEMENTAL PRESENTATION INTRODUCTION Safe Harbor Statement potential effects on us. Future developments affecting us may not be those that we have anticipated. These forward-looking statements This presentation has been prepared by Hims & Hers Health, Inc. ("we," "us," "our," "Hims & Hers," or the "Company"). involve a number of risks, uncertainties (some of which are beyond our control) and other assumptions that may cause actual results or performance to be m ...

Group 1 - The marketplace channel Haggerston BioHealth offers exclusive stock tips focused on Pharma, Biotech, and Healthcare, providing access to investment bank-grade financial models and research [1] - The group caters to both novice and experienced biotech investors, offering insights on catalysts, buy and sell ratings, product sales forecasts, and integrated financial statements [2] - Edmund Ingham, a biotech consultant with over 5 years of experience, leads the Haggerston BioHealth investing group and has compiled detailed reports on over 1,000 companies [2]

Hims & Hers Health, Inc. (HIMS) reported $586.01 million in revenue for the quarter ended March 2025, representing a year-over-year increase of 110.7%. EPS of $0.20 for the same period compares to $0.05 a year ago.The reported revenue represents a surprise of +8.91% over the Zacks Consensus Estimate of $538.1 million. With the consensus EPS estimate being $0.12, the EPS surprise was +66.67%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compa ...

Core Viewpoint - Hims & Hers Health, Inc. reported strong quarterly earnings, exceeding expectations and showing significant year-over-year growth in both earnings and revenues [1][2]. Financial Performance - The company reported earnings of $0.20 per share, surpassing the Zacks Consensus Estimate of $0.12 per share, and up from $0.05 per share a year ago, representing an earnings surprise of 66.67% [1]. - Revenues for the quarter ended March 2025 were $586.01 million, exceeding the Zacks Consensus Estimate by 8.91%, and significantly higher than the $278.17 million reported in the same quarter last year [2]. Stock Performance - Hims & Hers Health shares have increased approximately 68.8% since the beginning of the year, contrasting with a decline of 3.3% in the S&P 500 [3]. - The stock currently holds a Zacks Rank 2 (Buy), indicating expectations for it to outperform the market in the near future [6]. Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.15 on revenues of $562.21 million, and for the current fiscal year, it is $0.64 on revenues of $2.33 billion [7]. - The industry outlook is favorable, with the Medical Info Systems sector ranking in the top 28% of Zacks industries, suggesting strong potential for stock performance [8].

Financial Data and Key Metrics Changes - Revenue for the first quarter of 2025 grew 111% year over year to $586 million, with adjusted EBITDA increasing to $91 million, nearly tripling from the same quarter last year [12][23][30] - Subscriber base reached nearly 2.4 million, reflecting a year-over-year increase of 38% [12][23] - Monthly online revenue per average subscriber climbed to $84, up more than 50% year over year [29] Business Line Data and Key Metrics Changes - Over 1.4 million subscribers are now using personalized solutions, with over 80% of subscribers in dermatology benefiting from personalized solutions [13][14] - Weight loss has become one of the largest specialties, with the introduction of liraglutide and a collaboration with Novo Nordisk to offer branded Wegovy [15][28] - The number of subscribers utilizing daily offerings in sexual health has more than doubled year over year, now representing nearly 40% of sexual health subscribers [26][64] Market Data and Key Metrics Changes - The company is seeing strong momentum in the weight loss category, targeting $725 million in revenue for the year [54] - The platform is positioned to address the needs of over 100 million Americans impacted by obesity [28] - The company is expanding its reach into the UK and other global markets, indicating a universal demand for convenient, customized healthcare [12][19] Company Strategy and Development Direction - The company aims to deepen personalization capabilities and expand into new specialties, including low testosterone and menopause support [10][19] - A focus on building strategic partnerships to create a curated healthcare ecosystem is emphasized [11][16] - The long-term financial objective is to achieve at least $6.5 billion in revenue and $1.3 billion in adjusted EBITDA by 2030 [8][41] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to deliver long-term growth, citing strong execution and a solid foundation [5][22] - The transition to more premium daily products is expected to drive durable growth, despite potential near-term volatility [27][39] - Management anticipates continued strong growth across tenured offerings, with a focus on personalized solutions [38][40] Other Important Information - The company has invested $59 million in CapEx to expand operations and enhance fulfillment capabilities [34][35] - A new Chief Operating Officer, Nadir Khabani, has been appointed to help scale operations [20] - The company is committed to maintaining a rigorous capital allocation framework with a payback period of less than a year [40] Q&A Session Summary Question: Can you elaborate on the future roadmap Hims and Hers and Novo Nordisk are developing together? - Management expressed excitement about the collaboration with Novo Nordisk and the potential for future offerings across categories and geographies [43][44] Question: What type of longevity product is the team looking to build with the recent acquisition of the peptide facility? - The focus is on expanding access to innovative peptide treatments for a broader population, making cutting-edge care more affordable [48][50] Question: Can you touch on the key drivers for the weight loss category and how personalized offerings are performing? - Management highlighted the strength of personalized offerings and the recent launches that are expected to help meet or exceed revenue targets [53][56] Question: What initiatives are in place to reaccelerate growth in the sexual health vertical? - The company is transitioning to more daily, multi-action care solutions, which are expected to enhance customer retention and engagement [62][64] Question: How does the company approach the opportunity for growth in personalized offerings versus brand partnerships? - Management emphasized the additive nature of personalized offerings and the importance of providing choices for consumers [70][74] Question: What does retention look like for the subscriber base during the transition period? - Management noted that many subscribers are transitioning to various options, including personalized and branded treatments, with a focus on maintaining engagement [77][81]

Financial Data and Key Metrics Changes - Revenue for Q1 2025 grew 111% year over year to $586 million, with adjusted EBITDA increasing to $91 million, nearly tripling from the same quarter last year [21][28] - Subscriber base reached nearly 2.4 million, reflecting a year-over-year increase of 38% [21][22] - Monthly online revenue per average subscriber climbed to $84, up more than 50% year over year [27] Business Line Data and Key Metrics Changes - The weight loss specialty is projected to generate $725 million in revenue this year, driven by the launch of liraglutide and a collaboration with Novo Nordisk [55] - Over 80% of subscribers in dermatology are benefiting from personalized solutions, contributing to nearly 50% year-over-year subscriber growth in that specialty [12][13] - The number of subscribers utilizing daily offerings in sexual health has more than doubled year over year, now representing nearly 40% of sexual health subscribers [23][62] Market Data and Key Metrics Changes - The company is expanding its platform globally, with early traction in the UK indicating potential for scaling its services internationally [11] - The collaboration with Novo Nordisk is expected to enhance access to effective obesity care, addressing the needs of over 100 million Americans impacted by obesity [26] Company Strategy and Development Direction - The company aims to deepen personalization capabilities and expand into new specialties, including low testosterone and menopause support [7][17] - A focus on building strategic partnerships to create a curated healthcare ecosystem is central to the company's growth strategy [10][15] - The long-term financial objective is to achieve at least $6.5 billion in revenue and $1.3 billion in adjusted EBITDA by 2030 [6][40] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to deliver long-term growth, citing strong execution and a solid foundation [20][41] - The transition to more premium daily products is expected to drive durable growth, despite potential near-term volatility [24][36] - Management anticipates continued strong growth across tenured offerings, with a focus on mental health and dermatology [37] Other Important Information - The company has invested $59 million in CapEx to expand operations and enhance personalized offerings [32][33] - A new Chief Operating Officer, Nadir Khabani, has been appointed to help scale operations [18] Q&A Session Summary Question: Can you elaborate on the future roadmap Hims and Hers and Novo Nordisk are developing together? - The collaboration is seen as a blueprint for future opportunities across categories and geographies, with a shared vision for the future of healthcare [44][46] Question: What type of longevity product is the team looking to build with the recent acquisition of the peptide facility? - The focus is on broadening access to innovative peptide treatments for pain management, recovery, and longevity, making them accessible to a wider population [48][50] Question: What are the key drivers for the weight loss category and how are personalized offerings performing? - The company is pleased with the strength in the weight loss specialty, with new offerings and partnerships expected to help meet or exceed revenue targets [53][55] Question: How do you approach the opportunity for growth in personalized offerings versus brand partnerships? - The company aims to provide personalized solutions where clinically necessary, while also offering a range of options for consumers [70][72] Question: What are the retention rates for subscribers transitioning from commercial doses to personalized doses? - Specific retention rates were not disclosed, but the company emphasizes the importance of providing choices for patients based on clinical needs [80][82]

Shares of Hims & Hers Health fell 5% in extended trading on Monday after the company reported first-quarter earnings that beat analysts' expectations but offered weaker-than-expected guidance.Here's how the company did:Earnings per share: 20 cents vs. 12 cents expected by LSEGRevenue: $586 million vs. $538 million expected by LSEGRevenue at the telehealth company increased 111% in the first quarter from $278.2 million during the same period last year, according to a release. Hims & Hers reported a net incom ...

Financial Performance - Revenue for Q1 2025 reached $586.01 million, a 110.5% increase compared to $278.17 million in Q1 2024[22] - Gross profit for Q1 2025 was $430.69 million, up 88% from $229.10 million in Q1 2024[22] - Net income for Q1 2025 was $49.49 million, significantly higher than $11.13 million in Q1 2024, representing a 345% increase[22] - Total revenue for the three months ended March 31, 2025, was $586.0 million, a 110.7% increase from $278.2 million in the same period of 2024[51] - Adjusted EBITDA for Q1 2025 was $91.1 million, compared to $32.3 million in Q1 2024, with an Adjusted EBITDA margin of 16%[165] - Segment net income for the three months ended March 31, 2025, was $49.49 million, compared to $11.13 million in 2024[131] - Free Cash Flow for the three months ended March 31, 2025, was $50.1 million, compared to $11.9 million in 2024, representing an increase of $38.2 million[167] Assets and Liabilities - Total current assets increased to $446.96 million as of March 31, 2025, compared to $395.83 million at the end of 2024, reflecting a 12.9% growth[20] - Total assets grew to $891.71 million as of March 31, 2025, up from $707.54 million at the end of 2024, marking a 26% increase[20] - Total liabilities increased to $342.45 million as of March 31, 2025, compared to $230.82 million at the end of 2024, a rise of 48.4%[20] - Cash and cash equivalents rose to $273.74 million as of March 31, 2025, compared to $220.58 million at the end of 2024, an increase of 24%[20] - Total short-term investments decreased to $48.9 million as of March 31, 2025, down from $79.7 million at the end of 2024, primarily due to a reduction in U.S. Treasury bills[72] Revenue Streams - Online revenue reached $576.4 million for the three months ended March 31, 2025, compared to $267.8 million in the prior year, representing a 115.0% growth[51] - The Company’s wholesale revenue for the three months ended March 31, 2025, was $9.6 million, slightly down from $10.4 million in the same period of 2024[51] - Monthly Online Revenue per Average Subscriber rose to $84, a 53% increase from $55 in the prior year[148] - Online Revenue for Q1 2025 reached $576.4 million, a 115% increase from $267.8 million in Q1 2024, driven by new Subscriber growth and GLP-1 offerings generating approximately $230 million[149] Expenses - Operating expenses for Q1 2025 totaled $372.79 million, up from $219.19 million in Q1 2024, reflecting a 69.9% increase[22] - Marketing expenses rose to $231.2 million for the three months ended March 31, 2025, an increase of $100.7 million or 77% from $130.6 million in 2024[184] - Customer acquisition costs increased to $201.6 million in the three months ended March 31, 2025, compared to $113.2 million in 2024, reflecting a rise of $88.4 million[184] - Technology and development expenses rose by $14.6 million or 95% to $29.9 million for the three months ended March 31, 2025, compared to $15.3 million for the same period in 2024[186] Acquisitions and Investments - The Company acquired manufacturing assets from C S Bio Co. for up to approximately $39.1 million, including $32.7 million upfront and a potential earn-out of $32.7 million based on performance conditions[63] - The acquisition of Sigmund NJ, LLC (Trybe Labs) was completed for total cash consideration of $5.1 million, with $5.0 million recorded as goodwill due to the expected future economic benefits[65][66] - The Company acquired MedisourceRx for $31.0 million, with acquisition costs of $1.4 million recorded as general and administrative expenses[67][68] Stock and Shareholder Information - The 2023 Share Repurchase Program authorized the repurchase of up to $50.0 million of Class A common stock, which was fully utilized by December 31, 2024, while the 2024 program allows for an additional $100.0 million in repurchases[100][101] - During the three months ended March 31, 2025, the Company released 1,938,929 gross shares of Class A common stock upon vesting of RSUs, compared to 1,424,493 shares in the same period of 2024[102] - As of March 31, 2025, there were 65,402,137 shares of Class A common stock reserved and 22,510,375 shares available for grant under the 2020 Stock Plan[104] Regulatory and Market Environment - The Company operates in a highly regulated environment, and failure to comply with laws and regulations could lead to substantial penalties and operational restructuring[218] - The company faces competition from large, established healthcare providers and technology companies, which may hinder its competitive effectiveness[217] - The company anticipates that the resolution of the semaglutide shortage may lead to a decrease in Subscriber retention metrics in the near term[157] Future Outlook - The company plans to continue investing in fulfillment, distribution, and operating capabilities, including its recently acquired lab testing and peptide manufacturing facilities[158] - The company expects to expand into new health and wellness specialties, requiring financial investments in marketing and operational capabilities[160] - The company has experienced rapid growth in recent fiscal years and plans to continue investing in growth, although future growth levels may not match past performance[217]