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operating-expenses-chart

HIMS Operating Expenses

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In Q1'26, HIMS's operating expenses reached a total of approximately $378.6M USD, with R&D expenses at $46.9M USD and SG&A expenses dominating at $331.7M USD, reflecting a 20.3% quarter-over-quarter increase driven primarily by SG&A growth. From Q2'23 to Q1'26, both R&D and SG&A expenses exhibited strong upward trends, with R&D surging from $11.8M USD to $46.9M USD (a 298% increase) and SG&A escalating from $138.4M USD to $331.7M USD (a 140% rise), indicating accelerated investments in operations and scaling. Total operating expenses grew consistently from $150.2M USD to $378.6M USD, with notable acceleration post-Q3'24, underscoring HIMS's expansion phase amid rising business demands.