The Honest Company, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $371.3M | $378.3M | $344.4M | $313.7M | $318.6M | $300.5M | $235.6M |
| Cost of Revenue | $247.6M | $233.7M | $243.8M | $221.3M | $209.5M | $192.6M | $159.7M |
| Gross Profit | $123.8M | $144.7M | $100.5M | $92.3M | $109.2M | $107.9M | $75.9M |
| Gross Margin | 33.3% | 38.2% | 29.2% | 29.4% | 34.3% | 35.9% | 32.2% |
| Operating Expenses | |||||||
| Research & Development | $7.3M | $6.9M | $6.2M | $7.0M | $7.7M | $5.7M | $5.1M |
| SG&A Expense | $79.5M | $99.0M | $94.6M | $87.3M | $84.1M | $71.3M | $70.3M |
| Operating Income | $-18.5M | $-6.3M | $-38.9M | $-49.8M | $-36.8M | $-13.5M | $-31.5M |
| Operating Margin | -5.0% | -1.7% | -11.3% | -15.9% | -11.6% | -4.5% | -13.4% |
| Interest Expense | — | — | — | — | — | — | — |
| Pretax Income | $-15.5M | $-6.0M | $-39.2M | $-48.9M | $-38.6M | $-14.4M | $-31.0M |
| Income Tax Expense | $204.0K | $75.0K | $75.0K | $110.0K | $77.0K | $89.0K | $55.0K |
| Net Income | $-15.7M | $-6.1M | $-39.2M | $-49.0M | $-38.7M | $-14.5M | $-31.1M |
| Net Margin | -4.2% | -1.6% | -11.4% | -15.6% | -12.1% | -4.8% | -13.2% |
| EPS (Basic) | $-0.14 | $-0.06 | $-0.42 | $-0.53 | $-0.43 | $-0.22 | $-0.46 |
| EPS (Diluted) | $-0.14 | $-0.06 | $-0.42 | $-0.53 | $-0.43 | $-0.22 | $-0.46 |
| Shares Outstanding (Basic) | 111.2M | 100.2M | 94.5M | 92.2M | 71.1M | 68.2M | 67.8M |
| Shares Outstanding (Diluted) | 111.2M | 100.2M | 94.5M | 92.2M | 71.1M | 68.2M | 67.8M |
| Dividends Per Share | — | — | — | $0.42 | $0.42 | — | — |