Hims & Hers Health (HIMS) Operating Expenses (2019 - 2026)

Hims & Hers Health (HIMS) reported Operating Expenses of $475.1 million for Q1 2026, up 27.45% on a YoY basis from $372.8 million in Q1 2025, and up 9.16% sequentially from $435.2 million in Q4 2025.

Hims & Hers Health (HIMS) Operating Expenses (2019 - 2026) Analysis & Trends

Hims & Hers Health (HIMS) has 8 years of Operating Expenses data on file, last reported at $475.1 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses rose 27.45% year-over-year to $475.1 million; the trailing twelve-month figure through Mar 2026 stood at $1.7 billion (up 36.78% YoY), and the FY2025 full-year result was $1.6 billion, up 46.48% from the prior year.
  • Operating Expenses advanced to $475.1 million in Q1 2026, from $435.2 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $475.1 million in Q1 2026 to a low of $91.7 million in Q1 2022.
  • A 5-year average of $260.9 million and a median of $219.2 million in 2024 frame the typical range for Operating Expenses.
  • Across the five-year window, Operating Expenses increased 3.41% in 2022 and jumped 79.64% in 2023, its largest moves.
  • Tracing HIMS's Operating Expenses over 5 years: stood at $143.9 million in 2022, then soared by 42.04% to $204.5 million in 2023, then surged by 71.65% to $350.9 million in 2024, then gained by 24.02% to $435.2 million in 2025, then gained by 9.16% to $475.1 million in 2026.
  • Business Quant data shows HIMS's Operating Expenses at $475.1 million in Q1 2026, $435.2 million in Q4 2025, and $430.3 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Haleon 88.07 Bn 86.20 Bn - -
2 Teva Pharmaceutical Industries 35.75 Bn 32.01 Bn 1.97 Bn 1.00 Bn
3 Zoetis 31.84 Bn 29.90 Bn 1.62 Bn 788.00 Mn
4 Takeda Pharmaceutical 27.18 Bn 23.12 Bn 4.39 Bn 12.58 Bn
5 United Therapeutics 23.09 Bn 20.93 Bn 648.10 Mn 455.70 Mn
6 RedHill Biopharma 21.32 Bn 21.32 Bn - -
7 Viatris 19.96 Bn 18.16 Bn 1.16 Bn 1.24 Bn
8 Neurocrine Biosciences 17.66 Bn 16.34 Bn 800.70 Mn 621.10 Mn
9 Elanco Animal Health 12.44 Bn 12.02 Bn 785.00 Mn 494.00 Mn
10 Hims & Hers Health 6.44 Bn 5.69 Bn 396.79 Mn 475.11 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 475.11 Mn
Dec 31, 2025 435.25 Mn
Sep 30, 2025 430.25 Mn
Jun 30, 2025 389.47 Mn
Mar 31, 2025 372.79 Mn
Dec 31, 2024 350.95 Mn
Sep 30, 2024 295.51 Mn
Jun 30, 2024 245.58 Mn
Mar 31, 2024 219.19 Mn
Dec 31, 2023 204.46 Mn
Sep 30, 2023 195.86 Mn
Jun 30, 2023 179.39 Mn
Mar 31, 2023 164.69 Mn
Dec 31, 2022 143.94 Mn
Sep 30, 2022 134.44 Mn
Jun 30, 2022 107.37 Mn
Mar 31, 2022 91.68 Mn
Dec 31, 2021 83.66 Mn
Sep 30, 2021 82.53 Mn
Jun 30, 2021 64.68 Mn