Equity Profile

HIMS

Hims & Hers Health, Inc.

Health CareHealth Care Services$6.0B

Aug10Mon

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

Hims & Hers Health, Inc. is a healthcare company focused on providing accessible health and wellness products, particularly in telehealth and personal care....

Key Metrics to Watch

Revenue Growth

Investors will be keen to see if the company can maintain or improve its revenue growth, especially after a disappointing last quarter.

N/A

Customer Acquisition Cost

Understanding how much it costs to acquire new customers is crucial for evaluating the company's marketing efficiency.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

HIMS Q2-2026 Earnings Preview

Context

Company Snapshot

Hims & Hers Health, Inc. is a healthcare company focused on providing accessible health and wellness products, particularly in telehealth and personal care. With a market cap of $6 billion, it operates in the growing health care services sector, catering to consumer demand for convenient health solutions.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

63%

Avg EPS Surprise

-29.24%

Avg Stock Reaction

+1.42%

Last Quarter Recap

In Q1-2026, Hims & Hers reported an earnings per share (EPS) of -$0.40, significantly missing expectations. The stock reacted positively the following day, gaining 3.08%, despite the disappointing results.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, the market is uncertain about Hims & Hers' upcoming earnings, especially following a significant EPS miss last quarter. Investors are looking for signs of recovery or growth.

Bull Case

If the company can show strong revenue growth and improved customer metrics, it could signal a turnaround, leading to a positive stock reaction.

Bear Case

Conversely, if the company fails to deliver on key metrics or shows continued losses, it could lead to further declines in stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the revenue growth rate for this quarter?

Revenue growth will be a key indicator of the company's ability to recover from previous losses and attract new customers.

How has the customer acquisition cost changed?

A decrease in customer acquisition cost would indicate improved marketing efficiency, which is crucial for long-term profitability.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for a rebound in customer engagement and revenue growth, given the recent trends in telehealth.

Supporting Evidence

Despite a significant EPS miss last quarter, the stock still gained the next day, indicating underlying investor optimism.

The options market is pricing in a much larger move than historical averages, suggesting that traders expect a significant reaction.

Insider selling could indicate a lack of confidence in short-term performance, which may not align with potential long-term growth.

Key Risk

If revenue growth exceeds 15%, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is critical for Hims & Hers as it seeks to regain investor confidence after a disappointing previous quarter.

Bull Confirmed If

Revenue growth of at least 15% quarter-over-quarter would confirm the bull case.

Bear Confirmed If

If customer acquisition costs increase significantly, it would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±28.74%

Historical Avg

±2.2%

Pricing rich

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings announcement.

Options are pricing ±28.7% while HIMS has averaged ±2.2% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

1.0%

30d HV

87.6%

Calls (4.5M)P/C Ratio: 0.35Puts (1.3M)

Edge

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$0.00

0 sh

0 insiders

Sold

$2.3M

84,035 sh

2 insiders

Net

$2.3M

Net selling

Most Active Insiders· 4 open-market trades

Chief Financial OfficerOkupe Oluyemi
$2.0M
Net selling

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Hims & Hers beats expectations, history suggests a potential stock increase of around 1.31%, confirming a positive outlook.

In-Line / Cautious

If results are in line with expectations but management is cautious, the stock may see little movement as investors await clearer guidance.

Miss

If the company misses expectations, history suggests a potential decline of around 1.61%, which could further erode investor confidence.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on customer acquisition strategies and their effectiveness.
2Details on revenue growth and its drivers for this quarter.
3Insights into changes in customer engagement metrics.
4Management's outlook on future growth and market conditions.
5Any commentary on operational efficiencies and cost management.

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Company Snapshot

Hims & Hers Health, Inc. is a healthcare company focused on providing accessible health and wellness products, particularly in telehealth and personal care....

Key Metrics to Watch

Revenue Growth

Investors will be keen to see if the company can maintain or improve its revenue growth, especially after a disappointing last quarter.

N/A

Customer Acquisition Cost

Understanding how much it costs to acquire new customers is crucial for evaluating the company's marketing efficiency.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

HIMS Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

63%

Avg EPS Surprise

-29.24%

Avg Stock Reaction

+1.42%

Last Quarter Recap

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, the market is uncertain about Hims & Hers' upcoming earnings, especially following a significant EPS miss last quarter. Investors are looking for signs of recovery or growth.

Bull Case

If the company can show strong revenue growth and improved customer metrics, it could signal a turnaround, leading to a positive stock reaction.

Bear Case

Conversely, if the company fails to deliver on key metrics or shows continued losses, it could lead to further declines in stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the revenue growth rate for this quarter?

Revenue growth will be a key indicator of the company's ability to recover from previous losses and attract new customers.

How has the customer acquisition cost changed?

A decrease in customer acquisition cost would indicate improved marketing efficiency, which is crucial for long-term profitability.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for a rebound in customer engagement and revenue growth, given the recent trends in telehealth.

Supporting Evidence

Despite a significant EPS miss last quarter, the stock still gained the next day, indicating underlying investor optimism.

The options market is pricing in a much larger move than historical averages, suggesting that traders expect a significant reaction.

Insider selling could indicate a lack of confidence in short-term performance, which may not align with potential long-term growth.

Key Risk

If revenue growth exceeds 15%, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is critical for Hims & Hers as it seeks to regain investor confidence after a disappointing previous quarter.

Bull Confirmed If

Revenue growth of at least 15% quarter-over-quarter would confirm the bull case.

Bear Confirmed If

If customer acquisition costs increase significantly, it would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±28.74%

Historical Avg

±2.2%

Pricing rich

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings announcement.

Options are pricing ±28.7% while HIMS has averaged ±2.2% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

1.0%

30d HV

87.6%

Calls (4.5M)P/C Ratio: 0.35Puts (1.3M)

Edge

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$0.00

0 sh

0 insiders

Sold

$2.3M

84,035 sh

2 insiders

Net

$2.3M

Net selling

Most Active Insiders· 4 open-market trades

Chief Financial OfficerOkupe Oluyemi
$2.0M
Net selling

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Hims & Hers beats expectations, history suggests a potential stock increase of around 1.31%, confirming a positive outlook.

In-Line / Cautious

If results are in line with expectations but management is cautious, the stock may see little movement as investors await clearer guidance.

Miss

If the company misses expectations, history suggests a potential decline of around 1.61%, which could further erode investor confidence.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on customer acquisition strategies and their effectiveness.
2Details on revenue growth and its drivers for this quarter.
3Insights into changes in customer engagement metrics.
4Management's outlook on future growth and market conditions.
5Any commentary on operational efficiencies and cost management.