Honest Company, Inc. income statement
In fiscal 2025, Honest Company, Inc. reported revenue of $371m, down 1.9% on the year before, operating income of −$18.5m (a -5.0% margin) and net income of −$15.7m, or −$0.14 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 236 | 301 | 319 | 314 | 344 | 378 | 371 | 342 |
| Cost of revenue | 160 | 193 | 209 | 221 | 244 | 234 | 248 | 220 |
| Gross profit | 76 | 108 | 109 | 92 | 101 | 145 | 124 | 122 |
| Research and development | 5 | 6 | 8 | 7 | 6 | 7 | 7 | 7 |
| Selling, general and administrative | 70 | 71 | 84 | 87 | 95 | 99 | 80 | 71 |
| Operating income | −31 | −14 | −37 | −50 | −39 | −6 | −18 | −15 |
| Income before tax | −31 | −14 | −39 | −49 | −39 | −6 | −15 | −12 |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | −31 | −14 | −39 | −49 | −39 | −6 | −16 | −12 |
| Diluted EPS | −$0.46 | −$0.21 | −$0.43 | −$0.53 | −$0.42 | −$0.06 | −$0.14 | −$0.11 |
| Diluted shares (average) | 68m | 68m | 71m | 92m | 95m | 100m | 111m | 111m |
| EBITDA | −24 | −9 | −33 | −47 | −36 | −3 | −16 | −12 |
| 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 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 99 | 100 | 97 | 93 | 93 | 88 | 78 | 83 |
| Cost of revenue | 61 | 61 | 60 | 56 | 58 | 74 | 45 | 43 |
| Gross profit | 38 | 39 | 38 | 38 | 34 | 14 | 33 | 40 |
| Research and development | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Selling, general and administrative | 23 | 27 | 21 | 20 | 18 | 20 | 17 | 15 |
| Operating income | 0 | −1 | 3 | 3 | 0 | −24 | −1 | 10 |
| Income before tax | 0 | −1 | 3 | 4 | 1 | −24 | 0 | 11 |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | 0 | −1 | 3 | 4 | 1 | −24 | −0 | 11 |
| Diluted EPS | $0.00 | −$0.01 | $0.03 | $0.03 | $0.01 | −$0.21 | $0.00 | $0.09 |
| EBITDA | 1 | −0 | 3 | 4 | 1 | −23 | −0 | 10 |
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