HIMS Q1 2025 Earnings — Income Statement Breakdown
For its Q1 2025 period (ending 2025-03-31), HIMS reported revenue of $586M, gross profit of $431M (73.5% gross margin), operating income of $58M, and net income of $49M (8.4% net margin). The flow of revenue into costs and profit is visualized below.
What changed
HIMS was profitable; revenue grew 137.6% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | +137.6% | +3874.7% | +7.9 pp |
Consensus estimate data is not available for this report.
HIMS Q1 2025 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $586M | 100% |
| Cost of Revenue | −$155M | 26.5% |
| Gross Profit | $431M | 73.5% |
| Research & Development | — | 0.0% |
| Selling, General & Administrative | — | 0.0% |
| Other Operating Expenses | −$373M | 63.6% |
| Operating Income | $58M | 9.9% |
| Other Income, net | $3M | 0.4% |
| Income Tax Expense | −$11M | 1.9% |
| Net Income | $49M | 8.4% |
Source: original SEC filing (filed 2025-05-05). Accession 0001773751-25-000152. Data normalized by EarningsFyi.