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Hims & Hers Health HIMS
$ 29.3 6.51%
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Quarterly report 2026-Q2
added 08-10-2026

Hims & Hers Health Balance Sheet 2025-2011 | HIMS

Brief overview of Hims & Hers Health's assets and capital

The comparison uses five available annual reports from the 2021–2025 interval.

Assets reached $2.2 billion, compared with $420.6 million at the beginning. Growth of +412.3% and CAGR near 50.4% show active expansion.

Liability growth of +1,777.2% exceeded asset growth of +412.3%, increasing reliance on outside funding.

Shareholders' equity accounts for 25.1% of assets, previously 79.6%. Dependence on liabilities is moderate.

Net debt reached $748.8 million, equal to 1.38x of equity. The debt profile is moderately stretched.

The cash reserve occupies 10.6% of the balance sheet, previously 17.1%. It is one marker of short-term resilience.

Retained earnings are negative at -$113.8 million. This reduces the formal capital cushion, although large shareholder returns may have contributed.

Conclusion

The balance sheet gives no single signal for Hims & Hers Health: some indicators are sound, while leverage or capitalization needs attention.

Annual Balance Sheet Hims & Hers Health

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011

Net Debt

749 M -209 M -86.7 M -41.5 M -66.3 M - -1.51 M - - - - - - - -

Long Term Debt

973 M 9.46 M 8.67 M 3.65 M 4.12 M - - - - - - - - - -

Long Term Debt Current

4.84 M 1.89 M 1.28 M 1.66 M 1.36 M - - - - - - - - - -

Total Non Current Liabilities

- - - - - - 17.5 M - - - - - - - -

Total Current Liabilities

404 M 221 M 88.5 M 47.9 M 79.2 M 15.2 M 979 K - - - - - - - -

Total Liabilities

1.61 B 231 M 97.2 M 54.6 M 86 M 12.1 M 18.5 M - - - - - - - -

Deferred Revenue

127 M 75.3 M 7.73 M 1.47 M 3.19 M 1.27 M - - - - - - - - -

Retained Earnings

-114 M -242 M -368 M -345 M -279 M -1.9 M 5 M - - - - - - - -

Total Assets

2.15 B 708 M 441 M 366 M 421 M 206 M 205 M - - - - - - - -

Cash and Cash Equivalents

229 M 221 M 96.7 M 46.8 M 71.8 M 27.3 M 1.51 M 41.6 M - - - - - - -

Book Value

541 M 477 M 344 M 312 M 335 M 194 M 186 M - - - - - - - -

Total Shareholders Equity

541 M 477 M 344 M 312 M 335 M -147 M -140 M -71.4 M - - - - - - -

All numbers in USD currency

Quarterly Balance Sheet Hims & Hers Health

2026-Q2 2026-Q1 2025-Q4 2025-Q3 2025-Q2 2025-Q1 2024-Q4 2024-Q3 2024-Q2 2024-Q1 2023-Q4 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1

Long Term Debt

143 M 974 M 9.46 M 971 M 969 M 59.6 M 8.67 M 9.56 M 9.84 M 10.3 M 3.65 M 2.75 M 3.25 M 3.22 M 3.65 M 4.08 M 3.4 M 3.76 M 4.12 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Total Liabilities

1.61 B 1.82 B 231 M 1.65 B 1.31 B 342 M 97.2 M 162 M 119 M 104 M 54.6 M 85.3 M 69.8 M 63.6 M 54.6 M 71.9 M 60.9 M 54.3 M 86 M 64.9 M 54.6 M 53.4 M 15.6 M 15.6 M 15.6 M 15.6 M 20.6 M 8.17 M 8.17 M 8.17 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Deferred Revenue

127 M 165 M 75.3 M 118 M 98.4 M 111 M 7.73 M 32.2 M 21 M 13.7 M 1.47 M 4.39 M 2.06 M 2.87 M 1.47 M 2.12 M 2.34 M 1.14 M 3.19 M 1.99 M 1.02 M 624 K 1.27 M 1.27 M 1.27 M 1.27 M 753 K - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Retained Earnings

-114 M -206 M -242 M -134 M -150 M -193 M -368 M -268 M -344 M -357 M -345 M -369 M -362 M -355 M -345 M -334 M -315 M -295 M -279 M -248 M -232 M -223 M -171 M -171 M -171 M -171 M -153 M 1.15 M 1.15 M 1.15 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Total Assets

2.15 B 2.27 B 708 M 2.23 B 1.88 B 892 M 441 M 602 M 480 M 448 M 366 M 414 M 390 M 376 M 366 M 383 M 380 M 382 M 421 M 420 M 348 M 346 M 119 M 119 M 119 M 119 M 72.1 M 205 M 205 M 205 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Cash and Cash Equivalents

221 M 222 M 47.6 M 346 M 1.12 B 274 M 72.6 M 166 M 129 M 105 M 28.4 M 58 M 65.4 M 48.7 M 46.8 M 58 M 55 M 48.3 M 71.8 M 64.8 M 107 M 88.2 M 28.4 M 27.3 M 27.3 M 27.3 M 22.6 M 1.51 M 1.51 M 1.51 M 41.6 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Book Value

541 M 446 M 477 M 581 M 563 M 549 M 344 M 440 M 362 M 344 M 312 M 329 M 320 M 313 M 312 M 311 M 319 M 328 M 335 M 355 M 293 M 292 M 103 M 103 M 103 M 103 M 51.4 M 197 M 197 M 197 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Total Shareholders Equity

477 M 446 M 312 M 581 M 563 M 549 M 335 M 440 M 362 M 344 M -147 M 329 M 320 M 313 M 312 M 311 M 319 M 328 M 335 M 355 M 293 M 292 M -147 M -147 M -147 M -147 M -140 M 5 M 5 M 5 M -71.4 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

All numbers in USD currency

Balance Sheet is a fundamental financial report of Hims & Hers Health, providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.

For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.

Features of balance sheet analysis
  • Vertical and horizontal analysis
    Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods.
  • Asset quality
    It is important to evaluate not only the amount of assets but also their liquidity and realizability.
  • Accounting for off-balance sheet liabilities
    Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.

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