Hims & Hers Health (HIMS) Research & Development (2021 - 2026)
Hims & Hers Health (HIMS) reported Research & Development of $46.9 million for Q1 2026, up 56.9% on a YoY basis from $29.9 million in Q1 2025, and up 14.58% sequentially from $41.0 million in Q4 2025.
Hims & Hers Health (HIMS) Research & Development (2021 - 2026) Analysis & Trends
Hims & Hers Health (HIMS) has 6 years of Research & Development data on file, last reported at $46.9 million in Q1 2026.
- For the quarter ending Q1 2026, Research & Development rose 56.9% year-over-year to $46.9 million; the trailing twelve-month figure through Mar 2026 stood at $166.3 million (up 78.06% YoY), and the FY2025 full-year result was $149.3 million, up 89.42% from the prior year.
- Research & Development rose to $46.9 million in Q1 2026, from $41.0 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $46.9 million in Q1 2026 to a low of $6.1 million in Q1 2022.
- A 5-year average of $20.7 million and a median of $15.3 million in 2024 frame the typical range for Research & Development.
- Across the five-year window, Research & Development grew 27.8% in 2022 and soared 102.89% in 2025, its largest moves.
- Tracing HIMS's Research & Development over 5 years: stood at $8.3 million in 2022, then soared by 61.29% to $13.4 million in 2023, then jumped by 77.17% to $23.7 million in 2024, then jumped by 72.48% to $41.0 million in 2025, then gained by 14.58% to $46.9 million in 2026.
- Business Quant data shows HIMS's Research & Development at $46.9 million in Q1 2026, $41.0 million in Q4 2025, and $40.6 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Haleon | 88.07 Bn | 86.20 Bn | - | - |
| 2 | Teva Pharmaceutical Industries | 35.75 Bn | 32.01 Bn | 1.97 Bn | 696.00 Mn |
| 3 | Zoetis | 31.84 Bn | 29.90 Bn | 1.62 Bn | 180.00 Mn |
| 4 | Takeda Pharmaceutical | 27.18 Bn | 23.12 Bn | 4.39 Bn | 7.37 Bn |
| 5 | United Therapeutics | 23.09 Bn | 20.93 Bn | 648.10 Mn | 138.20 Mn |
| 6 | RedHill Biopharma | 21.32 Bn | 21.32 Bn | - | - |
| 7 | Viatris | 19.96 Bn | 18.16 Bn | 1.16 Bn | 248.60 Mn |
| 8 | Neurocrine Biosciences | 17.66 Bn | 16.34 Bn | 800.70 Mn | 296.20 Mn |
| 9 | Elanco Animal Health | 12.44 Bn | 12.02 Bn | 785.00 Mn | 97.00 Mn |
| 10 | Hims & Hers Health | 6.44 Bn | 5.69 Bn | 396.79 Mn | 46.94 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 46.94 Mn |
| Dec 31, 2025 | 40.96 Mn |
| Sep 30, 2025 | 40.58 Mn |
| Jun 30, 2025 | 37.85 Mn |
| Mar 31, 2025 | 29.91 Mn |
| Dec 31, 2024 | 23.75 Mn |
| Sep 30, 2024 | 21.09 Mn |
| Jun 30, 2024 | 18.65 Mn |
| Mar 31, 2024 | 15.32 Mn |
| Dec 31, 2023 | 13.41 Mn |
| Sep 30, 2023 | 12.27 Mn |
| Jun 30, 2023 | 11.80 Mn |
| Mar 31, 2023 | 10.75 Mn |
| Dec 31, 2022 | 8.31 Mn |
| Sep 30, 2022 | 7.98 Mn |
| Jun 30, 2022 | 6.86 Mn |
| Mar 31, 2022 | 6.09 Mn |
| Dec 31, 2021 | 5.57 Mn |
| Sep 30, 2021 | 6.24 Mn |