What is The Honest Company's net debt?

The Honest Company (HNST) reported net debt of -$78.6M in Q1 2026.

How has The Honest Company's net debt changed year-over-year?

The Honest Company's net debt decreased by 47.8% year-over-year, from -$53.18M to -$78.6M.

What is the long-term trend for The Honest Company's net debt?

Over 5 years (2020 to 2025), The Honest Company's net debt has grown at a 128.0% compound annual growth rate (CAGR), from $1.23M to -$75.62M.

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.

The Honest Company HNST Net debt

Discontinued — last reported Q1 '26

Net debt at other companies

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1.1×-0.3×

Travel + LeisureTNL

6×+1.6×

UnifirstUNF

-0.2×-0.1×

HES

Hess MidstreamHESM

3.1×-0.1×

Helen Of TroyHELE

4.8×+2.6×

CorMedixCRMD

-0.9×—

Other financials

Income statement

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Revenue$78.1M-19.7%

Gross profit$33.3M-11.7%

Operating income-$659.0K-126%

Net income-$42.0K-101%

EPS (diluted)$0.00-100%

Balance sheet

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Cash & equivalents$90.4M+24.1%

Total debt$11.8M-40.1%

Total equity$169.1M-6.2%

Total assets$214.9M-19.0%

Cash flow

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Operating cash flow$5.5M+288%

CapEx$1.7M+2,700%

Free cash flow$3.8M+226%

Valuation

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Market cap$391.88M-24.2%

Enterprise value$313.28M-32.5%

P/S1.1×-0.2×

Profitability

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Gross margin33.9%-4.7pp

Operating margin-6.1%-7.0pp

Net margin-5.4%-5.8pp

FCF margin5.8%—

Returns & leverage

See full

Return on equity-10.9%-12.0pp

Debt / equity0.1×0.0×

Current ratio4.5×+1.3×

Where this comes from

Calculated from The Honest Company’s reported figures.

$11.8Mtotal debt−$90.4Mcash and equivalents=-$78.6M

The official record: The Honest Company’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is The Honest Company's net debt?: The Honest Company (HNST) reported net debt of -$78.6M in Q1 2026.
How has The Honest Company's net debt changed year-over-year?: The Honest Company's net debt decreased by 47.8% year-over-year, from -$53.18M to -$78.6M.
What is the long-term trend for The Honest Company's net debt?: Over 5 years (2020 to 2025), The Honest Company's net debt has grown at a 128.0% compound annual growth rate (CAGR), from $1.23M to -$75.62M.
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.