Hims & Hers Health, Inc. reported significant financial growth in its latest quarterly filing, with total revenue reaching $544.8 million for the three months ended June 30, 2025, a 73% increase from $315.6 million in the same period last year. For the first half of 2025, revenue surged to $1.13 billion, up 90% from $593.8 million in the prior year. The company's net income also saw a substantial rise, totaling $42.5 million for the second quarter, compared to $13.3 million in the previous year, marking a 220% increase. For the six-month period, net income was $92.0 million, a 277% increase from $24.4 million in 2024.
The growth in revenue was primarily driven by a 75% increase in online sales, which amounted to $536.9 million in the second quarter, attributed to the successful launch of new weight loss solutions and a growing subscriber base. The number of subscribers increased by 31% year-over-year, reaching over 2.4 million. Monthly online revenue per average subscriber also improved, rising to $74 from $57 in the previous year. However, wholesale revenue declined by 10% to $8.0 million for the quarter, reflecting a decrease in sales to retail partners.
Operationally, Hims & Hers has made strategic investments to enhance its capabilities, including the acquisition of manufacturing assets from C S Bio Co. and the purchase of lab testing services from Trybe Labs. These acquisitions are expected to strengthen the company's supply chain and expand its service offerings. Additionally, the company has entered into a revolving credit agreement for up to $175 million to support its growth initiatives. As of June 30, 2025, Hims & Hers reported cash and cash equivalents of $1.1 billion, providing a solid liquidity position to fund ongoing operations and investments.
The company has also indicated plans for geographic expansion, particularly with the recent acquisition of Zava Global GmbH, a digital health platform operating in Europe. This move is aimed at broadening Hims & Hers' market presence and enhancing its service offerings in international markets. The company anticipates that its investments in personalized health solutions will continue to drive revenue growth in the future, despite potential challenges related to regulatory changes and market conditions.
Looking ahead, Hims & Hers remains focused on leveraging its digital platform to meet consumer health and wellness needs while navigating the evolving regulatory landscape. The company expects to continue investing in marketing and operational capabilities to sustain its growth trajectory and enhance customer engagement.
About Hims & Hers Health, Inc.
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