Hims & Hers Q1 2024 revenue $278.2M (+46% YoY), net income $11.1M, raises FY guidance

Hims & Hers Health, Inc.

2024-Q1 EPS reported $0.05 revenue$278,171,000

Revenue $278.2M, up 46% YoY; net income $11.1M vs loss of $10.1M a year ago.
Subscribers reached 1.7M, up 41% YoY, with a record 172k net additions.
Adjusted EBITDA $32.3M, up 434% YoY from $6.1M; gross margin improved to 82%.
FY2024 revenue guidance raised to $1.20-1.23B, Adjusted EBITDA to $120-135M, exceeding prior 2025 targets.
Over 35% of subscribers now on personalized solutions; marketing spend leverage improving.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Hims & Hers Health, Inc. reported the first quarter ended March 31, 2024 results: revenue Revenue of $278.2 million, net income Net income of $11.1 million. Guidance raised.

Period: the first quarter ended March 31, 2024
Revenue: Revenue of $278.2 million
Net income: Net income of $11.1 million
Guidance: raised
Result: reported results

Exact text from the filing

be expressly set forth by specific reference in such a filing. --- EX-99.1 (EX-99.1) --- Hims & Hers Health, Inc. Reports First Quarter 2024 Financial Results Revenue of $278.2 million, up 46% year-over-year in 2024 Net income of $11.1 million; Adjusted EBITDA of $32.3 million in Q1 2024 Subscribers grew to 1.7 million, up 41% year-over-year in Q1 2024 Raises

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Source: SEC EDGAR

accession 0001773751-24-000130

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