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
DateValue
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