What is Hims & Hers Health's net debt?

Hims & Hers Health (HIMS) reported net debt of -$64.34M in Q1 2026.

How has Hims & Hers Health's net debt changed year-over-year?

Hims & Hers Health's net debt increased by 69.6% year-over-year, from -$211.58M to -$64.34M.

What is the long-term trend for Hims & Hers Health's net debt?

Over 4 years (2021 to 2025), Hims & Hers Health's net debt has grown at a 4.7% compound annual growth rate (CAGR), from -$67.16M to -$80.61M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Hims & Hers Health HIMS Net debt

Discontinued — last reported Q1 '26

Net debt at other companies

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40×—

Armstrong World IndustriesAWI

0.9×-0.1×

LAD

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0.4×0.0×

Albertsons CompaniesACI

4.1×+0.4×

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5.9×+2.7×

Pilgrim's Pride CorporationPPC

1.5×+0.9×

Other financials

Income statement

See full

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

See full

Cash & equivalents$222.3M-19.2%

Total debt$157.9M+149%

Total equity$446.2M-18.8%

Total assets$2.3B+154%

Cash flow

See full

Operating cash flow$89.4M-18.1%

CapEx$8.8M-19.9%

Free cash flow$80.5M-17.9%

Valuation

See full

Market cap$8.21B-27.9%

Enterprise value$8.15B-26.5%

P/S3.5×-2.9×

Profitability

See full

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

Calculated from Hims & Hers Health’s reported figures.

$157.9Mtotal debt−$222.3Mcash and equivalents=-$64.34M

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 net debt?: Hims & Hers Health (HIMS) reported net debt of -$64.34M in Q1 2026.
How has Hims & Hers Health's net debt changed year-over-year?: Hims & Hers Health's net debt increased by 69.6% year-over-year, from -$211.58M to -$64.34M.
What is the long-term trend for Hims & Hers Health's net debt?: Over 4 years (2021 to 2025), Hims & Hers Health's net debt has grown at a 4.7% compound annual growth rate (CAGR), from -$67.16M to -$80.61M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.