Hims & Hers Health, Inc. ( (HIMS) ) has released its Q4 earnings. Here is a breakdown of the information Hims & Hers Health, Inc. presented to its investors.
Hims & Hers Health, Inc. is a leading health and wellness platform focused on providing personalized healthcare solutions across various specialties, including sexual health, dermatology, mental health, and weight loss. The company aims to democratize access to high-quality treatments and services, making healthcare more accessible and affordable.
In its latest earnings report, Hims & Hers Health, Inc. showcased significant growth and financial performance for the fiscal year 2024. The company reported a 69% year-over-year increase in revenue, reaching $1.5 billion, and a substantial growth in net income to $126 million. The platform’s subscriber base expanded by 45% to 2.2 million, with monthly online revenue per average subscriber rising by 38% to $73.
Key financial highlights include a 163% year-over-year increase in Adjusted EBITDA to $54 million for the fourth quarter and a 257% increase to $177 million for the full year. The company’s operating cash flow rose by 293% to $86 million, and free cash flow increased by 452% to $60 million in the fourth quarter. Hims & Hers also expanded its weight loss specialty, contributing to its strong revenue growth and positioning the platform for future expansion into new healthcare areas.
Looking ahead, Hims & Hers plans to continue its momentum by focusing on expanding its weight loss specialty, integrating lab diagnostic capabilities, and investing in technological advancements to enhance personalized healthcare offerings. The company aims to leverage its platform’s capabilities to provide innovative treatments and services, ultimately transforming how individuals achieve better health.
With a solid financial foundation and strategic initiatives in place, Hims & Hers Health, Inc. is poised for continued growth in 2025 and beyond, as it seeks to further democratize access to healthcare and improve the well-being of its subscribers.