Hims & Hers Health, Inc. (HIMS) — closed signal from December 4, 2025
Partial Published before the outcome was known, scored automatically when the window closed on March 4, 2026.
Predicted vs. what happened
What happened
Reached 43% of the predicted growth at its peak, without hitting the target.
The thesis — published December 4, 2025
Hims & Hers runs a telehealth service that is growing fast: recent sales were about 50% higher than the same quarter last year. But profit per share fell a lot and the stock dropped after earnings, so investors worry about margins and value. Management bought YourBio to add at-home testing, which could make customers use the service more. Overall, excitement is high but the business is not yet consistently profitable, so this is better for short-term traders who accept big swings.
Primary drivers
- Sales grew about 50% compared with last year, showing demand
- Earnings per share fell sharply and shares dropped after results
- Buying YourBio adds at-home testing to the service mix
- Strong market excitement but weaker steady profitability
How it played out
HIMS: the thesis did not reach its target
Lyra published HIMS at $38.33 on 2025-12-04 with 16% expected growth and a target of $44.46. The thesis pointed to sales about 50% higher than the same quarter last year, weaker earnings per share, the YourBio deal for at-home testing, and strong excitement despite uneven profitability.
Inside the window, the stock peaked at $40.99 on 2025-12-05, a 6.9% gain. It stayed below the target. By 2026-03-04, it ended at $16.45. The thesis partially caught a brief early move, but the published target did not play out.
What happened during the window
On 2026-02-19, Hims & Hers announced an agreement to buy Eucalyptus in a $1.15 billion deal. On 2026-02-24, MarketWatch reported that Hims & Hers had posted fourth-quarter sales of $617.8 million and earnings of 8 cents per share, while its first-quarter profit forecast missed analyst expectations.
Prices are shown split- and dividend-adjusted, matching what public charts show today.
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This is one signal, scored after the fact. Today’s picks come with the same plain-language thesis — published before anyone knows the outcome.