2022 Q2 Form 10-Q Financial Statement

#000177375122000165 Filed on August 08, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2022 Q1 2021 Q4
Revenue $113.6M $101.3M $84.70M
YoY Change 87.11% 93.67%
Cost Of Revenue $26.39M $26.56M $22.60M
YoY Change 96.7% 120.09%
Gross Profit $87.18M $74.76M $62.10M
YoY Change 84.39% 85.74%
Gross Profit Margin 76.76% 73.79% 73.32%
Selling, General & Admin $46.88M $43.58M $82.77M
YoY Change 27.59% -29.36% 3879.42%
% of Gross Profit 53.77% 58.3% 133.29%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.821M $1.741M $1.630M
YoY Change 260.59% 341.88%
% of Gross Profit 2.09% 2.33% 2.62%
Operating Expenses $107.4M $91.68M $82.77M
YoY Change 65.99% 3.41% 3879.42%
Operating Profit -$20.19M -$16.92M -$20.67M
YoY Change 15.99% -65.05%
Interest Expense $477.0K $616.0K -$9.716M
YoY Change -24390.0%
% of Operating Profit
Other Income/Expense, Net $523.0K $761.0K $33.00K
YoY Change -93.69% -126.2%
Pretax Income -$19.67M -$16.16M -$31.25M
YoY Change 115.67% -68.51% 1431.76%
Income Tax $12.00K $94.00K -$87.00K
% Of Pretax Income
Net Earnings -$19.68M -$16.25M -$31.16M
YoY Change 115.0% -68.38% 1427.5%
Net Earnings / Revenue -17.33% -16.04% -36.79%
Basic Earnings Per Share -$0.10 -$0.08
Diluted Earnings Per Share -$0.10 -$0.08 -$154.6K
COMMON SHARES
Basic Shares Outstanding 203.9M shares 202.7M shares
Diluted Shares Outstanding 203.9M shares 202.7M shares

Balance Sheet

Concept 2022 Q2 2022 Q1 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $195.0M $203.1M $247.3M
YoY Change -38.56% -37.19% 146.76%
Cash & Equivalents $55.03M $48.28M $71.78M
Short-Term Investments $139.9M $154.8M $175.5M
Other Short-Term Assets $800.0K $1.236M $890.0K
YoY Change 3709.52% 24620.0% -54.66%
Inventory $19.67M $12.14M $13.56M
Prepaid Expenses $10.10M $10.05M $4.606M
Receivables $4.936M $5.463M $4.100M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $230.5M $231.9M $269.9M
YoY Change -31.47% -31.82% 138.68%
LONG-TERM ASSETS
Property, Plant & Equipment $4.459M $4.787M $2.200M
YoY Change 29.41%
Goodwill $110.9M $110.9M $110.9M
YoY Change 3948.23%
Intangibles $23.81M $24.85M $25.89M
YoY Change 43781.36%
Long-Term Investments
YoY Change
Other Assets $9.478M $8.721M $7.942M
YoY Change 22.11% 79.89% 74.63%
Total Long-Term Assets $149.5M $150.1M $150.7M
YoY Change 1216.19% 2531.36% 2584.48%
TOTAL ASSETS
Total Short-Term Assets $230.5M $231.9M $269.9M
Total Long-Term Assets $149.5M $150.1M $150.7M
Total Assets $380.0M $382.0M $420.6M
YoY Change 9.28% 10.45% 254.33%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $27.09M $23.91M $19.64M
YoY Change 74.07% 80.65% 143.49%
Accrued Expenses $11.81M $9.089M $12.19M
YoY Change 9.74% 56.09% 144.66%
Deferred Revenue $2.337M $1.145M $3.188M
YoY Change 129.34% 83.49% 150.63%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $55.62M $48.50M $79.22M
YoY Change 103.42% 146.44% 420.23%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $371.0K $517.0K $629.0K
YoY Change -80.42% -98.47% 65.09%
Total Long-Term Liabilities $371.0K $517.0K $629.0K
YoY Change -80.42% -98.47% 65.09%
TOTAL LIABILITIES
Total Short-Term Liabilities $55.62M $48.50M $79.22M
Total Long-Term Liabilities $371.0K $517.0K $629.0K
Total Liabilities $60.91M $54.32M $85.97M
YoY Change 11.46% 1.67% 450.75%
SHAREHOLDERS EQUITY
Retained Earnings -$314.9M -$295.2M -$279.0M
YoY Change 35.81% 32.56% 62.85%
Common Stock $634.4M $623.2M $613.7M
YoY Change 20.85% 20.96% 2412.21%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $319.1M $327.7M $334.6M
YoY Change
Total Liabilities & Shareholders Equity $380.0M $382.0M $420.6M
YoY Change 9.28% 10.45% 254.33%

Cashflow Statement

Concept 2022 Q2 2022 Q1 2021 Q4
OPERATING ACTIVITIES
Net Income -$19.68M -$16.25M -$31.16M
YoY Change 115.0% -68.38% 1427.5%
Depreciation, Depletion And Amortization $1.821M $1.741M $1.630M
YoY Change 260.59% 341.88%
Cash From Operating Activities -$6.394M -$19.40M -$3.105M
YoY Change -1163.89% 21.66% 1452.5%
INVESTING ACTIVITIES
Capital Expenditures -$1.376M -$1.297M -$1.486M
YoY Change 19.44% 61.52%
Acquisitions
YoY Change
Other Investing Activities $14.20M $19.75M $11.73M
YoY Change -40.58% -112.15%
Cash From Investing Activities $12.82M $18.45M $10.24M
YoY Change -43.62% -111.3%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 353.0K -$22.53M -78.00K
YoY Change -108.13% -109.39%
NET CHANGE
Cash From Operating Activities -6.394M -$19.40M -3.105M
Cash From Investing Activities 12.82M $18.45M 10.24M
Cash From Financing Activities 353.0K -$22.53M -78.00K
Net Change In Cash 6.778M -$23.50M 7.059M
YoY Change -64.32% -138.73% -3629.5%
FREE CASH FLOW
Cash From Operating Activities -$6.394M -$19.40M -$3.105M
Capital Expenditures -$1.376M -$1.297M -$1.486M
Free Cash Flow -$5.018M -$18.11M -$1.619M
YoY Change -386.25% 19.55%

Facts In Submission

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21678000 usd
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
16200000 usd
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StockIssuedDuringPeriodValueReverseRecapitalization
129659000 usd
CY2021Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
75000000 usd
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StockIssuedDuringPeriodValueEarnOut
1000 usd
CY2021Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
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80000 usd
CY2021Q1 hims Adjustments To Additional Paid In Capital Early Exercised Options Vested
AdjustmentsToAdditionalPaidInCapitalEarlyExercisedOptionsVested
54000 usd
CY2021Q1 hims Adjustments To Additional Paid In Capital Recapitalization Warrant Expense
AdjustmentsToAdditionalPaidInCapitalRecapitalizationWarrantExpense
154000 usd
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
34230000 usd
CY2021Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-61000 usd
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
-51404000 usd
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
292466000 usd
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
2500000 usd
CY2021Q2 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
1949000 usd
CY2021Q2 hims Stock Exercised During Period Value Common Stock Warrants
StockExercisedDuringPeriodValueCommonStockWarrants
1000 usd
CY2021Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-1958000 usd
CY2021Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
178000 usd
CY2021Q2 hims Adjustments To Additional Paid In Capital Early Exercised Options Vested
AdjustmentsToAdditionalPaidInCapitalEarlyExercisedOptionsVested
48000 usd
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
9491000 usd
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
32000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-9153000 usd
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
293054000 usd
us-gaap Net Income Loss
NetIncomeLoss
-35931000 usd
us-gaap Net Income Loss
NetIncomeLoss
-60557000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
3562000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
899000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
19488000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
43390000 usd
us-gaap Liabilities Fair Value Adjustment
LiabilitiesFairValueAdjustment
562000 usd
us-gaap Liabilities Fair Value Adjustment
LiabilitiesFairValueAdjustment
5282000 usd
hims Noncash Warrant Expense
NoncashWarrantExpense
0 usd
hims Noncash Warrant Expense
NoncashWarrantExpense
154000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
0 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
144000 usd
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-863000 usd
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-560000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-258000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
0 usd
hims Noncash Operating Lease Costs
NoncashOperatingLeaseCosts
-755000 usd
hims Noncash Operating Lease Costs
NoncashOperatingLeaseCosts
-756000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-58000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
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us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
6115000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
3047000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
6762000 usd
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
48421000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
4635000 usd
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
27000 usd
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
58000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
7453000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
7353000 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
150000 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
5583000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-851000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-253000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-772000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-753000 usd
hims Increase Decrease In Business Combination Contingent Consideration Liability Current
IncreaseDecreaseInBusinessCombinationContingentConsiderationLiabilityCurrent
-6848000 usd
hims Increase Decrease In Business Combination Contingent Consideration Liability Current
IncreaseDecreaseInBusinessCombinationContingentConsiderationLiabilityCurrent
0 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-25797000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Payments To Acquire Available For Sale Securities Debt
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89146000 usd
us-gaap Payments To Acquire Available For Sale Securities Debt
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187521000 usd
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
101259000 usd
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
22291000 usd
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
1215000 usd
us-gaap Payments For Software
PaymentsForSoftware
2397000 usd
us-gaap Payments For Software
PaymentsForSoftware
1833000 usd
us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
276000 usd
us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
122000 usd
hims Payments For Deferred Consideration For Acquisitions
PaymentsForDeferredConsiderationForAcquisitions
459000 usd
hims Payments For Deferred Consideration For Acquisitions
PaymentsForDeferredConsiderationForAcquisitions
0 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
748000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
31272000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
22027000 usd
hims Proceeds From Issuance Of Common Stock Recapitalization
ProceedsFromIssuanceOfCommonStockRecapitalization
0 usd
hims Proceeds From Issuance Of Common Stock Recapitalization
ProceedsFromIssuanceOfCommonStockRecapitalization
197686000 usd
us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
0 usd
us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
75000000 usd
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0 usd
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
12851000 usd
us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
0 usd
us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
1193000 usd
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
0 usd
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
808000 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1470000 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
254000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1183000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
4458000 usd
us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
23014000 usd
us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
0 usd
us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
553000 usd
us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
0 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-22174000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
235605000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-16751000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
79651000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
72640000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
28350000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
55889000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
108001000 usd
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
55033000 usd
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
107145000 usd
CY2022Q2 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
856000 usd
CY2021Q2 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
856000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
55889000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
108001000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
528000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
227000 usd
us-gaap Recapitalization Costs
RecapitalizationCosts
0 usd
us-gaap Recapitalization Costs
RecapitalizationCosts
125000 usd
us-gaap Conversion Of Stock Amount Converted1
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0 usd
us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
249837000 usd
hims Warrants Assumed
WarrantsAssumed
0 usd
hims Warrants Assumed
WarrantsAssumed
51814000 usd
hims Warrants Exercised
WarrantsExercised
0 usd
hims Warrants Exercised
WarrantsExercised
20872000 usd
hims Conversion Of Preferred Stock Warrants Amount Converted
ConversionOfPreferredStockWarrantsAmountConverted
0 usd
hims Conversion Of Preferred Stock Warrants Amount Converted
ConversionOfPreferredStockWarrantsAmountConverted
1160000 usd
hims Vesting Of Early Exercised Stock Options Net Of Cancelations
VestingOfEarlyExercisedStockOptionsNetOfCancelations
76000 usd
hims Vesting Of Early Exercised Stock Options Net Of Cancelations
VestingOfEarlyExercisedStockOptionsNetOfCancelations
106000 usd
hims Common Stock Issued Contingent Consideration And Payables For Acquisition Of Business
CommonStockIssuedContingentConsiderationAndPayablesForAcquisitionOfBusiness
0 usd
hims Common Stock Issued Contingent Consideration And Payables For Acquisition Of Business
CommonStockIssuedContingentConsiderationAndPayablesForAcquisitionOfBusiness
4064000 usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
us-gaap Use Of Estimates
UseOfEstimates
The preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. The more significant estimates and assumptions by management include, among others, valuation of inventory, valuation and recognition of stock-based compensation expense, valuation of contingent consideration in business combinations, purchase price allocation for business combinations, and estimates used in the capitalization of website and mobile application development and internal-use software costs. Management believes that the estimates and judgments upon which it relies are reasonable based upon information available to it at the time that these estimates and judgments were made. Actual results experienced by the Company may differ from management’s estimates. To the extent that there are material differences between these estimates and actual results, the Company’s condensed consolidated financial statements will be affected.
us-gaap Number Of Reporting Units
NumberOfReportingUnits
1 reportingunit
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
110900000 usd
CY2022Q2 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2021Q2 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
113563000 usd
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
60692000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
214877000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
113006000 usd
CY2022Q2 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
140272000 usd
CY2022Q2 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
328000 usd
CY2022Q2 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
139944000 usd
CY2021Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
175539000 usd
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
49000 usd
CY2021Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
175490000 usd
CY2022Q2 hims Wholesale Trade Receivables Current
WholesaleTradeReceivablesCurrent
4936000 usd
CY2022Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
14435000 usd
CY2021Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
10428000 usd
CY2022Q2 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
5238000 usd
CY2021Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
3130000 usd
CY2022Q2 us-gaap Inventory Net
InventoryNet
19673000 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
13558000 usd
CY2021Q4 hims Wholesale Trade Receivables Current
WholesaleTradeReceivablesCurrent
3577000 usd
CY2022Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
10099000 usd
CY2021Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
4606000 usd
CY2022Q2 us-gaap Other Assets Current
OtherAssetsCurrent
800000 usd
CY2021Q4 us-gaap Other Assets Current
OtherAssetsCurrent
890000 usd
CY2022Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
15835000 usd
CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
9073000 usd
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FiniteLivedIntangibleAssetsGross
28016000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
4210000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
23806000 usd
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FiniteLivedIntangibleAssetsGross
28016000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
2126000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
25890000 usd
CY2022Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1100000 usd
CY2021Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
100000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2100000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
100000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
2082000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
3542000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
2801000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
2672000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
2455000 usd
CY2022Q2 hims Finite Lived Intangible Asset Expected Amortization Year Five And Thereafter
FiniteLivedIntangibleAssetExpectedAmortizationYearFiveAndThereafter
10254000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
23806000 usd
CY2021Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
500000 usd
CY2022Q2 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
5792000 usd
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AccruedMarketingCostsCurrent
3158000 usd
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EmployeeRelatedLiabilitiesCurrent
2950000 usd
CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
3363000 usd
CY2022Q2 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
882000 usd
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AccruedProfessionalFeesCurrent
734000 usd
CY2022Q2 hims Product And Shipping Costs Current
ProductAndShippingCostsCurrent
739000 usd
CY2021Q4 hims Product And Shipping Costs Current
ProductAndShippingCostsCurrent
2635000 usd
CY2022Q2 us-gaap Taxes Payable Current
TaxesPayableCurrent
673000 usd
CY2021Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
954000 usd
CY2022Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
773000 usd
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1350000 usd
CY2022Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
11809000 usd
CY2022Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
500000 usd
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
12194000 usd
CY2022Q2 us-gaap Variable Lease Cost
VariableLeaseCost
100000 usd
CY2021Q2 us-gaap Variable Lease Cost
VariableLeaseCost
100000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
900000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
900000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
100000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
100000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
800000 usd
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y2M12D
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.040
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
788000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1598000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1638000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1114000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
5138000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
324000 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
4814000 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
4800000 usd
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1400000 usd
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
3400000 usd
CY2022Q2 us-gaap Purchase Obligation
PurchaseObligation
2200000 usd
CY2022Q2 us-gaap Purchase Obligation Future Minimum Payments Remainder Of Fiscal Year
PurchaseObligationFutureMinimumPaymentsRemainderOfFiscalYear
900000 usd
CY2022Q2 us-gaap Purchase Obligation Due In Next Twelve Months
PurchaseObligationDueInNextTwelveMonths
1200000 usd
CY2022Q2 us-gaap Purchase Obligation Due In Second Year
PurchaseObligationDueInSecondYear
100000 usd
CY2022Q2 hims Number Of Classes Of Common Stock
NumberOfClassesOfCommonStock
2 commonstockclass
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
2.36
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
4300000 usd
CY2022Q2 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
14535000 shares
CY2022Q2 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
8138000 shares
CY2022Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
10632000 usd
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
9160000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
19488000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
43390000 usd
CY2022Q2 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
100000 usd
CY2021Q2 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
300000 usd
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
300000 usd
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
300000 usd
us-gaap Dividends Common Stock
DividendsCommonStock
0 usd
CY2022Q2 us-gaap Dividends Common Stock
DividendsCommonStock
0 usd
us-gaap Dividends Common Stock
DividendsCommonStock
0 usd
CY2021Q2 us-gaap Dividends Common Stock
DividendsCommonStock
0 usd
CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.001
CY2021Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.004
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.003
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.002

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