Hims & Hers Health Inc. (HIMS) experienced a significant post-market plunge of 13.49% on Monday, as investors reacted negatively to the company's first-quarter 2026 financial results.
The telehealth company reported a quarterly loss of $0.40 per share, dramatically missing analyst expectations for a profit. Revenue for the quarter came in at $608.1 million, falling short of consensus estimates. More critically, the company swung to a net loss of $92.1 million, compared to net income in the same period last year.
The earnings miss was driven by several factors, including approximately $33 million in restructuring costs tied to write-downs of its compounded GLP-1 supply chain. This followed a strategic pivot to focus on selling FDA-approved branded weight-loss medications, which increased expenses. The company also lowered its full-year adjusted EBITDA guidance, and its Chief Financial Officer indicated a return to profitability is expected in 2027.