Flagship explainer

How HIMS & HERS HEALTH, INC. makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$2.3B · 100%Cost of revenue$614M · 26%Gross profit$1.7B · 74%Operating income$106M · 4%Income before tax$124M · 5%Income tax−$4.4M · −0%Net income$128M · 5%As of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$2.3B100%
Cost of revenue$614M26%
$1.7B74%
$106M4%
Income before tax$124M5%
Income tax−$4.4M−0%
$128M5%
Source: · event Dec 31, 2025 · retrieved Jul 26, 2026 · annual-row source set
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