Hims & Hers Health, Inc. (HIMS) FY2025 10-K Annual Report

Filed: Feb 23, 2026
Health Care
Services-Offices & Clinics of Doctors of MedicineSEC EDGAR

Hims & Hers Health, Inc. (HIMS) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 23, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

Hims & Hers Health, Inc. FY2025 10-K Analysis

Business Overview

  • Core business: Consumer-first digital health platform offering telehealth consultations, personalized prescription and non-prescription products, and laboratory testing
  • New 2025 offerings: Testosterone, menopause, perimenopause support, and comprehensive laboratory testing for early health risk identification
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Management Discussion & Analysis

  • Revenue $2.35B in 2025, up 59% YoY from $1.48B in 2024, driven by U.S. Revenue growth $2.21B (+53%) and Rest of World Revenue $134M (+399%)
  • Online Revenue $2.31B in 2025, up 61% YoY from $1.44B; Wholesale Revenue $36.2M down 6% YoY from $38.6M
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Risk Factors

  • Cybersecurity risks reviewed quarterly by Audit Committee with escalation to CTO and executive leadership
  • Head of Information Security with 20 years experience, certified CISSP, CCSP, CRISC, CCISO, reporting to CTO
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Hims & Hers Health, Inc. FY2025 Key Financial Metrics
XBRL

Revenue

$2.3B

+59.0% YoY

Net Income

$128M

+1.8% YoY

Gross Margin

73.8%

-562bp YoY

Operating Margin

4.5%

+31bp YoY

Net Margin

5.5%

-307bp YoY

ROE

23.7%

-271bp YoY

Total Assets

$2.2B

+204.5% YoY

EPS (Diluted)

$0.51

-3.8% YoY

Operating Cash Flow

$300M

+19.5% YoY

Source: XBRL data from Hims & Hers Health, Inc. FY2025 10-K filing on SEC EDGAR. All figures in USD.

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