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Hims & Hers Scales Technology-Driven Care as Profitability Evolves

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Key Takeaways

  • HIMS reported third-quarter 2025 net income as it invests in tech, marketing and platform expansion.
  • HIMS is shifting toward personalized, recurring care with new specialties, diagnostics and AI-led innovation.
  • HIMS expands into Canada, the U.K. and Europe, accepting short-term margin pressure to build global scale.

The renowned health and wellness platform, Hims & Hers Health, Inc. (HIMS - Free Report) exemplifies a public-market growth company where scale, profitability and reinvestment are evolving in parallel rather than sequentially. Recent quarterly results show rapid top-line expansion alongside improving earnings, with third-quarter 2025 revenues nearing $600 million and positive net income, despite HIMS continues to invest heavily in technology, marketing and infrastructure. Profitability remains in transition, shaped by deliberate spending on new specialties, international expansion and vertical integration that temporarily pressure margins but are intended to support durable, recurring growth.

Operationally, Hims & Hers is broadening its platform beyond episodic care toward personalized, longitudinal health management. Recent launches include comprehensive lab testing, expanded weight-loss and hormone health offerings, and new women’s health specialties such as menopause and perimenopause care. Strategic developments — such as the acquisition of YourBio Health to enable pain-free blood sampling, the appointment of an AI-focused chief technology officer and continued investment in proprietary compounding and diagnostics — highlight a clear emphasis on data, personalization and user experience as long-term growth drivers.

Geographic expansion further reinforces this transition phase. Hims & Hers’ official entry into markets such as Canada and the U.K., along with continued expansion across Europe, reflects confidence in the portability of its business model. At the same time, recent capital raises and active balance-sheet deployment highlight management’s willingness to accept near-term margin volatility in pursuit of sustained global growth and deeper platform capabilities.

GDRX & TEM’s Evolving Platforms Balancing Growth and Profitability

GoodRx Holdings, Inc. (GDRX - Free Report) exemplifies a public-market growth company navigating profitability transition through mix shift rather than pure volume expansion. GoodRx continues to report stable overall revenue while reallocating growth toward higher-margin pharma manufacturer solutions, which expanded sharply year over year. GDRX has also launched new condition-specific subscriptions, including weight loss and hair loss offerings, reinforcing GoodRx’s consumer-direct strategy. While prescription transaction volumes remain pressured, GoodRx is prioritizing disciplined cost control and margin durability as GDRX evolves its growth model.

Tempus AI, Inc. (TEM - Free Report) represents a high-growth precision medicine platform where profitability is emerging alongside heavy reinvestment. Tempus AI delivered strong year-over-year revenue growth in third-quarter 2025 and achieved positive adjusted EBITDA for the first time, marking a key inflection. TEM continues to expand across genomics, data licensing and AI-enabled diagnostics, supported by regulatory clearances and strategic collaborations. With new oncology studies, federal program participation, and expanded AI platforms, Tempus AI remains firmly in an investment-driven growth phase while progressing toward sustainable profitability.

HIMS’ Price Performance, Valuation and Estimates

Shares of Hims & Hers have gained 16.5% over the past year, outperforming the industry’s decline of 3.7%.

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HIMS’ forward 12-month P/S of 3X is lower than the industry’s average of 4.7X, but is higher than its three-year median of 2.6X. It carries a Value Score of D.

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The Zacks Consensus Estimate for HIMS’ 2025 earnings per share suggests a 77.8% improvement from 2024.

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Hims & Hers currently carries a Zacks Rank #3 (Hold).

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.


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