Revenue and Growth - Revenue for 2024 was 1.5billion,representinga69481,139,000, a 95% increase from 246,619,000inQ42023[29]−RevenuefortheyearendedDecember31,2024,was1,476,514,000, up from 872,000,000in2023,indicatingayear−over−yeargrowthofapproximately691.44 billion, a 71% increase from 842.4millionin2023[4]Profitability−Netincomefor2024was126 million, compared to a net loss of (23.5)millionin2023[7]−NetincomefortheyearendedDecember31,2024,was126,038,000, a significant recovery from a net loss of 23,546,000in2023[32]−NetincomeforQ42024was26,025,000, a significant increase from 1,245,000inQ42023,resultinginanetincomemarginof5198.3 million, compared to 47millionin2023[7]−FreeCashFlowforQ42024was59,500,000, up from 10,785,000inQ42023,reflectingastrongimprovementinliquidity[39]−Cashprovidedbyoperatingactivitiesfortheyearwas251,084,000, compared to 73,483,000in2023,indicatingimprovedoperationalefficiency[32]−NetcashprovidedbyoperatingactivitiesfortheyearendedDecember31,2024,was251,084,000, compared to 73,483,000in2023,showingasubstantialincrease[39]EBITDAandMargins−AdjustedEBITDAfor2024was177 million, up from 49.5millionin2023[7]−AdjustedEBITDAforQ42024was54,123,000, representing an increase from 20,570,000inQ42023,withanAdjustedEBITDAmarginof11270 million and 320million[15]ExpensesandCosts−MarketingexpensesforQ42024were221,085,000, up from 125,895,000inQ42023,reflectingincreasedinvestmentincustomeracquisition[29]−Stock−basedcompensationfortheyearendedDecember31,2024,totaled92,322,000, up from 66,080,000in2023,indicatingincreasedemployeecompensationrelatedtoperformance[37]−Thecompanyincurredacquisitionandtransaction−relatedcostsof3,979,000 for the year ended December 31, 2024, compared to 3,016,000in2023[37]−LegalsettlementexpensesfortheyearendedDecember31,2024,were2,008,000, with no such expenses reported in 2023[37] - The company reported a depreciation and amortization expense of 17,088,000fortheyearendedDecember31,2024,comparedto9,515,000 in 2023[37] Assets and Liabilities - Total current assets increased to 395,831,000in2024from265,053,000 in 2023, driven by a rise in cash and cash equivalents[28] - Total liabilities rose to 230,823,000in2024,upfrom97,157,000 in 2023, primarily due to increased accounts payable and deferred revenue[28] - The company reported a total stockholders' equity of 476,716,000asofDecember31,2024,comparedto344,029,000 in 2023, indicating strong financial health[28] Future Outlook - The company expects full year 2025 revenue to be in the range of 2.3billionto2.4 billion[1] - Adjusted EBITDA and Free Cash Flow metrics are used by the company to evaluate ongoing operations and liquidity, although specific figures were not disclosed[33] - The company emphasizes that Adjusted EBITDA and Free Cash Flow should be considered alongside other financial performance measures, including net income and U.S. GAAP results[36][38]
Hims(HIMS)2025-02-24 21:11