Hims & Hers Health reported exceptional third-quarter results with revenue surging 77% year-over-year to $401.6 million. The company achieved net income of $75.6 million, compared to a net loss of $7.6 million in Q3 2023. Online Revenue grew 79% to $392.6 million, driven by a 44% increase in subscribers to 2.0 million and a 48% rise in Average Order Value to $147.The company demonstrated strong operational execution with gross margin of 79% and Adjusted EBITDA of $51.1 million, representing a 13% margin. Monthly Online Revenue per Average Subscriber increased 24% to $67, reflecting successful expansion into new offerings and improved product mix. The company also completed the strategic acquisition of MedisourceRx, a 503B compounding facility, for $31 million.Looking ahead, Hims & Hers maintains strong momentum with positive cash flows and a robust balance sheet showing $165.5 million in cash and $88.6 million in investments. The company released $60.8 million of its domestic valuation allowance, reflecting sustained profitability and confidence in future earnings. Management continues to invest in growth initiatives while maintaining operational efficiency.

Hims & Hers Health reported exceptional third-quarter results with revenue surging 77% year-over-year to $401.6 million. The company achieved net income of $75.6 million, compared to a net loss of $7.6 million in Q3 2023. Online Revenue grew 79% to $392.6 million, driven by a 44% increase in subscribers to 2.0 million and a 48% rise in Average Order Value to $147.The company demonstrated strong operational execution with gross margin of 79% and Adjusted EBITDA of $51.1 million, representing a 13% margin. Monthly Online Revenue per Average Subscriber increased 24% to $67, reflecting successful expansion into new offerings and improved product mix. The company also completed the strategic acquisition of MedisourceRx, a 503B compounding facility, for $31 million.Looking ahead, Hims & Hers maintains strong momentum with positive cash flows and a robust balance sheet showing $165.5 million in cash and $88.6 million in investments. The company released $60.8 million of its domestic valuation allowance, reflecting sustained profitability and confidence in future earnings. Management continues to invest in growth initiatives while maintaining operational efficiency.