What is Hims & Hers Health's earn-out payable?

Hims & Hers Health (HIMS) reported earn-out payable of $40.1M in Q1 2026.

What does earn-out payable mean?

Short-term obligations related to performance-based payments for past acquisitions.

How do you interpret earn-out payable?

A decrease indicates the settlement of acquisition obligations, while an increase may signal upcoming cash outflows related to recent M&A activity.

How does earn-out payable compare across companies?

Specific to companies with active M&A strategies; indicates the near-term cash impact of past growth initiatives.

Hims & Hers Health HIMS Earn-out payable

Earn-out payable at other companies

Brown & BrownBRO

$8M-48.4%

Globus MedicalGMED

$20.87M-37.6%

General Purpose Acquisition Corp. GPAC

$4.7K0.0%

International Flavors & FragrancesIFF

$46M—

Arthur J. GallagherAJG

$535M+4.5%

Brown & BrownBRO

$2.75M-28.6%

Other financials

Income statement

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Revenue$608.1M+3.8%

Gross profit$396.8M-7.9%

Operating income-$78.3M-235%

Net income-$92.1M-286%

EPS (diluted)-$0.40-300%

Balance sheet

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Cash & equivalents$222.3M-19.2%

Total debt$157.9M+149%

Total equity$446.2M-18.8%

Total assets$2.3B+154%

Cash flow

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Operating cash flow$89.4M-18.1%

CapEx$8.8M-19.9%

Free cash flow$80.5M-17.9%

Valuation

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Market cap$8.21B-27.9%

Enterprise value$8.15B-26.5%

P/S3.5×-2.9×

Profitability

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Gross margin71.7%-5.3pp

Operating margin-1.3%-7.5pp

Net margin-0.6%-9.8pp

FCF margin11.9%-5.8pp

Returns & leverage

See full

Return on equity-2.7%-39.4pp

Debt / equity0.4×+0.2×

Current ratio1.7×+0.1×

Where this comes from

Reported directly by Hims & Hers Health in its filing.

Tagged under the XBRL concept hims:EarnOutPayableCurrent.

The official record: Hims & Hers Health’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Hims & Hers Health's earn-out payable?: Hims & Hers Health (HIMS) reported earn-out payable of $40.1M in Q1 2026.
What does earn-out payable mean?: Short-term obligations related to performance-based payments for past acquisitions.
How do you interpret earn-out payable?: A decrease indicates the settlement of acquisition obligations, while an increase may signal upcoming cash outflows related to recent M&A activity.
How does earn-out payable compare across companies?: Specific to companies with active M&A strategies; indicates the near-term cash impact of past growth initiatives.