Hims & Hers Q2 2026 revenue up 38% to $753 million, but net loss and margin squeeze

Hims & Hers reported second-quarter 2026 revenue of $753.2 million, up 38%, with 2.891 million subscribers. Gross margin fell to 64% from 76% and the company posted a GAAP net loss of $86.3 million. It raised full-year 2026 revenue guidance to $3.1 billion to $3.3 billion, while adjusted EBITDA guidance of $275 million to $325 million was trimmed at the top end.

• Q2 revenue $753.2 million (+38%): US $621.8 million (+16%) and Rest of World $131.4 million, up from $7.5 million a year earlier.
• Subscribers 2.891 million (+19%); monthly revenue per average subscriber $92, up from $76.
• Gross margin 64% (76% a year earlier); adjusted EBITDA $60.3 million, down from $82.2 million; net loss $86.3 million.
• Guidance: Q3 revenue $880 million to $900 million and adjusted EBITDA $75 million to $95 million; full-year revenue $3.1 billion to $3.3 billion; $47.5 million of legal contingencies excluded from adjusted EBITDA.

SEC filing 8-K · accession 0001773751-26-000161 · sec.gov ↗