Hims & Hers Health (HIMS) Research & Development (2021 - 2026)
Hims & Hers Health (HIMS) reported Research & Development of $54.9 million for Q2 2026, up 45.1% from $37.85 million a year earlier and up 17.0% from the prior quarter.
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Analysis
Hims & Hers Health (HIMS) Research & Development (2021 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Hims & Hers Health's Research & Development came in at $183.38 million, up 62.9% year-over-year; for FY2025, it was $149.3 million, up 89.4% from FY2024.
- Research & Development has increased for five consecutive years, with a five-year compound annual growth rate of 67.8% (FY2020 to FY2025).
- By year, Research & Development came in at $78.82 million in FY2024 (+63.4%), $48.23 million in FY2023 (+65.0%), $29.24 million in FY2022 (+30.6%) and $22.38 million in FY2021 (+99.1%).
- The Q2 2026 figure ranks as the highest quarterly Research & Development in data going back to Q3 2021.
- Year over year, Research & Development has now increased in each of the last 16 quarters, with growth averaging 76.7% over the last eight quarters.
- Over the past five years, the year-over-year growth in Research & Development ranged from 27.8% (Q3 2022) to 102.9% (Q2 2025).
- Per Business Quant data, the three quarters before Q2 2026 came in at $46.94 million (Q1 2026), $40.96 million (Q4 2025) and $40.58 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 93.06 Bn | 92.50 Bn | - | - |
| 2 | Natera | 59.36 Bn | 55.04 Bn | 485.19 Mn | 228.07 Mn |
| 3 | Quest Diagnostics | 25.72 Bn | 24.15 Bn | 1.03 Bn | - |
| 4 | Labcorp Holdings | 24.93 Bn | 22.69 Bn | 1.11 Bn | - |
| 5 | Guardant Health | 23.83 Bn | 19.89 Bn | 219.03 Mn | 96.53 Mn |
| 6 | Tenet Healthcare | 20.58 Bn | 11.72 Bn | - | - |
| 7 | Tempus AI | 14.35 Bn | 11.38 Bn | 246.50 Mn | 52.64 Mn |
| 8 | Encompass Health | 11.99 Bn | 12.46 Bn | - | - |
| 9 | BrightSpring Health Services | 11.21 Bn | 9.55 Bn | 492.75 Mn | - |
| 10 | Hims & Hers Health | 6.95 Bn | 4.15 Bn | 480.80 Mn | 54.90 Mn |
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 |
API Access
Hims & Hers Health Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=HIMS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "HIMS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=HIMS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();