Hims & Hers Health (HIMS) Operating Expenses (2019 - 2026)
Hims & Hers Health's (HIMS) quarterly Operating Expenses came in at $578.0 million in Q2 2026, up 48.4% year-over-year from $389.5 million in Q2 2025, and up 21.65% quarter-over-quarter from $475.1 million in Q1 2026.
Analysis
Hims & Hers Health (HIMS) Operating Expenses (2019 - 2026) Analysis & Trends
Hims & Hers Health has disclosed Operating Expenses across 8 years of filings, most recently posting $578.0 million for Q2 2026.
- In Q2 2026, Operating Expenses rose 48.4% year-over-year to $578.0 million; the TTM figure through Jun 2026 stood at $1.9 billion (up 36.19% YoY), while the FY2025 annual figure was $1.6 billion, up 46.48% from the prior year.
- Operating Expenses came in at $578.0 million for Q2 2026 at Hims & Hers Health, up from $475.1 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $578.0 million in Q2 2026 to a low of $91.7 million in Q1 2022.
- Average Operating Expenses over 5 years is $278.6 million, with a median of $232.4 million recorded in 2024.
- Year-over-year, Operating Expenses rose 3.41% in 2022 and surged 79.64% in 2023.
- Over 5 years, Operating Expenses stood at $143.9 million in 2022, then jumped by 42.04% to $204.5 million in 2023, then soared by 71.65% to $350.9 million in 2024, then advanced by 24.02% to $435.2 million in 2025, then surged by 32.8% to $578.0 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $578.0 million in Q2 2026, $475.1 million in Q1 2026, and $435.2 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Hinge Health | 7.10 Bn | 6.71 Bn | 183.95 Mn | 143.51 Mn |
| 2 | Hims & Hers Health | 6.42 Bn | 5.57 Bn | 480.80 Mn | 578.00 Mn |
| 3 | Ethos Technologies | 2.50 Bn | 2.34 Bn | 185.54 Mn | 171.44 Mn |
| 4 | Omada Health | 1.30 Bn | 1.07 Bn | 63.79 Mn | 60.24 Mn |
| 5 | Teladoc Health | 1.12 Bn | 343.49 Mn | 416.09 Mn | 644.02 Mn |
| 6 | Talkspace | 870.58 Mn | 779.48 Mn | 24.80 Mn | 63.79 Mn |
| 7 | Akso Health | 232.27 Mn | 232.10 Mn | - | - |
| 8 | LifeMD | 142.17 Mn | 142.17 Mn | - | - |
| 9 | eHealth | 29.57 Mn | -71.48 Mn | - | 61.02 Mn |
| 10 | Mangoceuticals | 6.66 Mn | 6.41 Mn | 44,215.00 | 1.08 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 578.00 Mn |
| 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 |