Hims & Hers reports surprise loss in Q1, shares dive after hours
Investing.com -- Hims & Hers missed first-quarter earnings estimates, posting a loss as weakness in its American operations offset gains overseas.
The disappointing results sent shares down nearly 10% in after-hours trading.
The company posted net loss of $92.1 million or $0.40 loss per share for the first quarter of 2026 compared to net income of $49.5 million or $0.20 per share for the first quarter of 2025. Analysts on average expected a profit of $0.01 per share.
Revenue was $608.1 million for the first quarter of 2026 compared to $586.0 million for the first quarter of 2025, an increase of 4% year-over-year. However, it missed analysts’ estimates of $616.5 million.
Its revenue from the American region fell 9% year-over-year to $529.9 million.
The company, however raised its 2026 revenue forecast, betting on increased sales for its personalized healthcare offerings.
The company now expects annual revenue between $2.8 billion and $3 billion, compared with its previous forecast of $2.7 billion to $2.9 billion.