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
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