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

Hims & Hers Health (HIMS) reported earn-out liabilities of $12.29M in Q1 2026.

What does earn-out liabilities mean?

Long-term debt owed to sellers of acquired companies based on future performance targets.

How do you interpret earn-out liabilities?

An increase indicates active M&A activity with performance-based payout structures, while a decrease suggests milestones have been met or the liability has been settled.

How does earn-out liabilities compare across companies?

Common in high-growth sectors where companies use acquisitions to scale; peers with aggressive M&A strategies will show higher balances.

Hims & Hers Health HIMS Earn-out liabilities

Earn-out liabilities at other companies

General Purpose Acquisition Corp. GPAC

$4.7K0.0%

Brown & BrownBRO

$8M-48.4%

Arthur J. GallagherAJG

$535M+4.5%

Globus MedicalGMED

$20.87M-37.6%

LPL Financial HoldingsLPLA

$21.71M-1.2%

Arthur J. GallagherAJG

$140M—

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

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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:EarnOutLiabilityNoncurrent.

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 liabilities?: Hims & Hers Health (HIMS) reported earn-out liabilities of $12.29M in Q1 2026.
What does earn-out liabilities mean?: Long-term debt owed to sellers of acquired companies based on future performance targets.
How do you interpret earn-out liabilities?: An increase indicates active M&A activity with performance-based payout structures, while a decrease suggests milestones have been met or the liability has been settled.
How does earn-out liabilities compare across companies?: Common in high-growth sectors where companies use acquisitions to scale; peers with aggressive M&A strategies will show higher balances.