Hims & Hers Health (HIMS) Research & Development (2021 - 2026)
Hims & Hers Health's (HIMS) quarterly Research & Development came in at $46.9 million in Q1 2026, up 56.9% year-on-year from $29.9 million in Q1 2025, and up 14.58% quarter-over-quarter from $41.0 million in Q4 2025.
Hims & Hers Health (HIMS) Research & Development (2021 - 2026) Analysis & Trends
Hims & Hers Health has disclosed Research & Development across 6 years of filings, most recently posting $46.9 million for Q1 2026.
- Research & Development for Q1 2026 came in at $46.9 million, up 56.9% year-over-year; the trailing twelve-month figure through Mar 2026 was $166.3 million (up 78.06% YoY), and the FY2025 annual result was $149.3 million, up 89.42% from the prior year.
- Research & Development came in at $46.9 million for Q1 2026 at Hims & Hers Health, up 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.
- The 5-year median for Research & Development is $15.3 million (2024), against an average of $20.7 million.
- Across the five-year window, Research & Development grew 27.8% in 2022 and soared 102.89% in 2025, its largest moves.
- Hims & Hers Health's Research & Development stood at $8.3 million in 2022, then jumped by 61.29% to $13.4 million in 2023, then surged by 77.17% to $23.7 million in 2024, then surged by 72.48% to $41.0 million in 2025, then advanced by 14.58% to $46.9 million in 2026.
- The last three Research & Development figures came in at $46.9 million (Q1 2026), $41.0 million (Q4 2025), and $40.6 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Teva Pharmaceutical Industries | 38.34 Bn | 34.60 Bn | 1.97 Bn | 222.00 Mn |
| 2 | Zoetis | 33.27 Bn | 31.33 Bn | 1.62 Bn | 180.00 Mn |
| 3 | United Therapeutics | 23.75 Bn | 21.60 Bn | 648.10 Mn | 138.20 Mn |
| 4 | Aurora Cannabis | 17.11 Bn | 17.03 Bn | 33.43 Mn | 934,363.43 |
| 5 | Neurocrine Biosciences | 16.37 Bn | 15.05 Bn | 800.70 Mn | 296.20 Mn |
| 6 | Elanco Animal Health | 11.78 Bn | 11.35 Bn | 785.00 Mn | 97.00 Mn |
| 7 | Alkermes | 7.05 Bn | 6.54 Bn | -116.06 Mn | 103.35 Mn |
| 8 | Lantheus Holdings | 6.49 Bn | 5.99 Bn | 230.92 Mn | 39.38 Mn |
| 9 | Hims & Hers Health | 6.19 Bn | 5.44 Bn | 396.79 Mn | 46.94 Mn |
| 10 | Liquidia | 5.63 Bn | 5.40 Bn | 121.79 Mn | 12.57 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 |