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HIMS Current Contract Liabilities

Current Contract Liabilities

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As of Q4'25, HIMS reported current contract liabilities of USD 127.16M, marking the highest value in the observed period. This latest data point reflects a significant increase from the previous quarter's USD 118.46M, continuing the upward trajectory seen throughout 2025. From Q1'23 to Q4'25, current contract liabilities have shown a strong and consistent growth trend, rising from just USD 2.87M to USD 127.16M. Notable inflection points occurred in Q1'24 and Q4'24, where liabilities more than doubled quarter-over-quarter, indicating accelerated business activity or deferred revenue recognition. Overall, the data demonstrates a robust expansion in HIMS's contractual obligations over the nearly three-year period.