Hims & Hers Health, Inc. balance sheet
At the end of fiscal 2025, Hims & Hers Health, Inc. had total assets of $2.15bn, total liabilities of $1.61bn and shareholders' equity of $541m. It held $229m in cash against $973m of debt: net debt of $744m.
Balance sheet
| Fiscal year | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | 2 | 27 | 72 | 47 | 97 | 221 | 229 | 610 |
| Receivables | — | 1 | 4 | 4 | 7 | 6 | 32 | 375 |
| Inventory | — | 4 | 14 | 22 | 22 | 64 | 80 | 88 |
| Total current assets | 2 | 113 | 270 | 217 | 265 | 396 | 768 | 1,385 |
| Goodwill | — | 0 | 111 | 111 | 111 | 113 | 278 | 1,102 |
| Total assets | 205 | 119 | 421 | 366 | 441 | 708 | 2,155 | 3,629 |
| Accounts payable | 0 | 8 | 20 | 32 | 43 | 91 | 143 | 501 |
| Deferred revenue (current) | — | 1 | 3 | 1 | 8 | 75 | 127 | 141 |
| Total current liabilities | 1 | 15 | 79 | 48 | 88 | 221 | 404 | 1,483 |
| Total debt | 0 | 0 | 0 | 0 | 0 | 0 | 973 | 1,365 |
| Total liabilities | 8 | 16 | 86 | 55 | 97 | 231 | 1,614 | 3,305 |
| Shareholders' equity | −140 | −147 | 335 | 312 | 344 | 477 | 541 | 324 |
| Non-controlling interests and other (assets − liabilities − equity) | 336 | 250 | — | — | — | — | — | — |
| Net debt (negative = net cash) | −2 | −27 | −72 | −47 | −97 | −221 | 744 | 755 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Receivables | — | 6 | — | — | — | 32 | 150 | 375 |
| Inventory | 49 | 64 | 76 | 142 | 106 | 80 | 79 | 88 |
| Total current assets | 326 | 396 | 447 | 1,356 | 845 | 768 | 1,045 | 1,385 |
| Goodwill | 113 | 113 | 118 | 118 | 259 | 278 | 343 | 1,102 |
| Total assets | 602 | 708 | 892 | 1,878 | 2,233 | 2,155 | 2,267 | 3,629 |
| Accounts payable | 75 | 91 | 109 | 105 | 198 | 143 | 307 | 501 |
| Deferred revenue (current) | 32 | 75 | 111 | 98 | 118 | 127 | 165 | 141 |
| Total current liabilities | 153 | 221 | 280 | 272 | 451 | 404 | 619 | 1,483 |
| Total liabilities | 162 | 231 | 342 | 1,315 | 1,652 | 1,614 | 1,821 | 3,305 |
| Shareholders' equity | 440 | 477 | 549 | 563 | 581 | 541 | 446 | 324 |
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