Hims & Hers Health (HIMS) Research & Development (2021 - 2026)
Hims & Hers Health's (HIMS) quarterly Research & Development came in at $54.9 million in Q2 2026, up 45.06% year-over-year from $37.8 million in Q2 2025, and up 16.97% quarter-over-quarter from $46.9 million in Q1 2026.
Analysis
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 $54.9 million for Q2 2026.
- In Q2 2026, Research & Development rose 45.06% year-over-year to $54.9 million; the TTM figure through Jun 2026 stood at $183.4 million (up 62.85% YoY), while the FY2025 annual figure was $149.3 million, up 89.42% from the prior year.
- Research & Development came in at $54.9 million for Q2 2026 at Hims & Hers Health, up from $46.9 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $54.9 million in Q2 2026 to a low of $6.1 million in Q1 2022.
- Average Research & Development over 5 years is $22.6 million, with a median of $17.0 million recorded in 2024.
- Year-over-year, Research & Development increased 27.8% in 2022 and jumped 102.89% in 2025.
- Over 5 years, 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 soared by 34.03% to $54.9 million in 2026.
- Per Business Quant data, the three most recent Research & Development figures were $54.9 million in Q2 2026, $46.9 million in Q1 2026, and $41.0 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Hinge Health | 6.99 Bn | 6.60 Bn | 183.95 Mn | 81.41 Mn |
| 2 | Hims & Hers Health | 6.38 Bn | 5.54 Bn | 480.80 Mn | 54.90 Mn |
| 3 | Ethos Technologies | 2.47 Bn | 2.30 Bn | 185.54 Mn | 128.09 Mn |
| 4 | Omada Health | 1.28 Bn | 1.06 Bn | 63.79 Mn | 29.89 Mn |
| 5 | Teladoc Health | 1.11 Bn | 330.82 Mn | 416.09 Mn | 62.86 Mn |
| 6 | Talkspace | 870.58 Mn | 779.48 Mn | 24.80 Mn | 14.66 Mn |
| 7 | Akso Health | 208.18 Mn | 208.01 Mn | - | - |
| 8 | LifeMD | 145.04 Mn | 145.04 Mn | - | - |
| 9 | eHealth | 29.43 Mn | -71.61 Mn | - | 11.30 Mn |
| 10 | Mangoceuticals | 6.82 Mn | 6.58 Mn | 44,215.00 | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 54.90 Mn |
| 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 |