Honest Company, Inc. Financials
This page shows Honest Company, Inc. (HNST) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Honest Company, Inc. generated $378.3M in revenue in fiscal year 2024. This represents an increase of 9.9% from the prior year.
Honest Company, Inc.'s EBITDA was -$3.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 90.4% from the prior year.
Honest Company, Inc. generated $1.0M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 94.2% from the prior year.
Honest Company, Inc. reported -$6.1M in net income in fiscal year 2024. This represents an increase of 84.4% from the prior year.
Honest Company, Inc. earned $-0.06 per diluted share (EPS) in fiscal year 2024. This represents an increase of 85.7% from the prior year.
Honest Company, Inc. held $75.4M in cash against $0 in long-term debt as of fiscal year 2024.
Honest Company, Inc. had 109M shares outstanding in fiscal year 2024. This represents an increase of 13.9% from the prior year.
Honest Company, Inc.'s gross margin was 38.2% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 9.0 percentage points from the prior year.
Honest Company, Inc.'s operating margin was -1.7% in fiscal year 2024, reflecting core business profitability. This is up 9.6 percentage points from the prior year.
Honest Company, Inc.'s net profit margin was -1.6% in fiscal year 2024, showing the share of revenue converted to profit. This is up 9.8 percentage points from the prior year.
Honest Company, Inc. invested $6.9M in research and development in fiscal year 2024. This represents an increase of 10.3% from the prior year.
Honest Company, Inc. invested $530K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 71.2% from the prior year.
HNST Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $92.6M-1.0% | $93.5M-3.9% | $97.3M-2.6% | $99.8M+0.6% | $99.2M+6.7% | $93.0M+7.9% | $86.2M-4.5% | $90.3M |
| Cost of Revenue | $58.1M+4.3% | $55.7M-6.5% | $59.6M-2.4% | $61.1M+0.4% | $60.8M+5.9% | $57.4M+5.7% | $54.3M-9.5% | $60.0M |
| Gross Profit | $34.5M-8.6% | $37.8M+0.2% | $37.7M-2.8% | $38.8M+1.0% | $38.4M+7.8% | $35.6M+11.7% | $31.9M+5.5% | $30.2M |
| R&D Expenses | $1.7M-13.2% | $2.0M+5.8% | $1.9M+8.1% | $1.7M-1.6% | $1.7M+1.6% | $1.7M+2.0% | $1.7M+6.7% | $1.6M |
| SG&A Expenses | $17.7M-13.1% | $20.4M-3.3% | $21.0M-21.4% | $26.8M+14.3% | $23.4M-11.4% | $26.4M+17.9% | $22.4M+14.5% | $19.6M |
| Operating Income | $313K-89.2% | $2.9M+15.2% | $2.5M+343.9% | -$1.0M-1903.5% | $57K+101.4% | -$4.0M-207.6% | -$1.3M-216.6% | $1.1M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $110K+150.0% | $44K+10.0% | $40K+122.2% | $18K-5.3% | $19K+46.2% | $13K-48.0% | $25K | $0 |
| Net Income | $758K-80.4% | $3.9M+18.9% | $3.3M+502.2% | -$809K-590.3% | $165K+104.0% | -$4.1M-190.6% | -$1.4M-222.7% | $1.1M |
| EPS (Diluted) | $0.01-66.7% | $0.030.0% | $0.03+400.0% | $-0.01 | $0.00+100.0% | $-0.04-300.0% | $-0.01-200.0% | $0.01 |
HNST Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $241.5M-3.0% | $249.0M-6.1% | $265.3M+7.2% | $247.4M+18.3% | $209.2M+4.5% | $200.2M+1.1% | $198.1M-1.8% | $201.6M |
| Current Assets | $216.2M-2.2% | $220.9M-5.8% | $234.6M+9.7% | $213.9M+23.4% | $173.3M+6.8% | $162.2M+3.7% | $156.4M-0.9% | $157.8M |
| Cash & Equivalents | $71.5M-0.9% | $72.1M-1.0% | $72.8M-3.5% | $75.4M+41.2% | $53.4M+46.0% | $36.6M+9.0% | $33.6M+2.3% | $32.8M |
| Inventory | $93.9M-1.2% | $95.0M+5.3% | $90.3M+5.9% | $85.3M+14.1% | $74.7M+1.4% | $73.7M-1.1% | $74.5M+1.4% | $73.5M |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $2.2M0.0% | $2.2M0.0% | $2.2M0.0% | $2.2M0.0% | $2.2M0.0% | $2.2M0.0% | $2.2M0.0% | $2.2M |
| Total Liabilities | $51.4M-17.2% | $62.0M-27.0% | $84.9M+16.2% | $73.1M-3.0% | $75.3M+6.9% | $70.5M-3.9% | $73.3M-6.6% | $78.5M |
| Current Liabilities | $44.9M-15.7% | $53.3M-28.0% | $74.0M+23.5% | $59.9M-0.1% | $60.0M+13.3% | $52.9M-1.4% | $53.7M-5.4% | $56.7M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $190.2M+1.7% | $187.0M+3.7% | $180.4M+3.5% | $174.3M+30.2% | $133.9M+3.2% | $129.7M+3.9% | $124.8M+1.3% | $123.1M |
| Retained Earnings | -$477.3M+0.2% | -$478.1M+0.8% | -$481.9M+0.7% | -$485.2M-0.2% | -$484.4M0.0% | -$484.5M-0.8% | -$480.5M-0.3% | -$479.1M |
HNST Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | N/A | N/A | -$2.9M | N/A | N/A | N/A | $336K | N/A |
| Capital Expenditures | N/A | N/A | $62K | N/A | N/A | N/A | $76K | N/A |
| Free Cash Flow | N/A | N/A | -$3.0M | N/A | N/A | N/A | $260K | N/A |
| Investing Cash Flow | N/A | N/A | -$62K | N/A | N/A | N/A | -$76K | N/A |
| Financing Cash Flow | N/A | N/A | $383K | N/A | N/A | N/A | $498K | N/A |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
HNST Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 37.3%-3.1pp | 40.4%+1.6pp | 38.7%-0.1pp | 38.8%+0.1pp | 38.7%+0.4pp | 38.3%+1.3pp | 37.0%+3.5pp | 33.5% |
| Operating Margin | 0.3%-2.8pp | 3.1%+0.5pp | 2.6%+3.6pp | -1.0%-1.1pp | 0.1%+4.4pp | -4.3%-2.8pp | -1.5%-2.8pp | 1.3% |
| Net Margin | 0.8%-3.3pp | 4.1%+0.8pp | 3.4%+4.2pp | -0.8%-1.0pp | 0.2%+4.5pp | -4.4%-2.8pp | -1.6%-2.9pp | 1.3% |
| Return on Equity | 0.4%-1.7pp | 2.1%+0.3pp | 1.8% | N/A | 0.1% | N/A | N/A | 0.9% |
| Return on Assets | 0.3%-1.2pp | 1.6%+0.3pp | 1.2%+1.6pp | -0.3%-0.4pp | 0.1%+2.1pp | -2.0%-1.3pp | -0.7%-1.3pp | 0.6% |
| Current Ratio | 4.82+0.7 | 4.15+1.0 | 3.17-0.4 | 3.57+0.7 | 2.89-0.2 | 3.06+0.2 | 2.91+0.1 | 2.78 |
| Debt-to-Equity | 0.27-0.1 | 0.33-0.1 | 0.47+0.1 | 0.42-0.1 | 0.56+0.0 | 0.54-0.0 | 0.59-0.0 | 0.64 |
| FCF Margin | N/A | N/A | -3.1% | N/A | N/A | N/A | 0.3% | N/A |
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks.
Financial strength trend (9 signals). 7-9 = strong, 0-3 = weak.
Operating cash flow vs net income. Above 1.0x = cash-backed earnings.
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Frequently Asked Questions
What is Honest Company, Inc.'s annual revenue?
Honest Company, Inc. (HNST) reported $378.3M in total revenue for fiscal year 2024. This represents a 9.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Honest Company, Inc.'s revenue growing?
Honest Company, Inc. (HNST) revenue grew by 9.9% year-over-year, from $344.4M to $378.3M in fiscal year 2024.
Is Honest Company, Inc. profitable?
No, Honest Company, Inc. (HNST) reported a net income of -$6.1M in fiscal year 2024, with a net profit margin of -1.6%.
What is Honest Company, Inc.'s earnings per share (EPS)?
Honest Company, Inc. (HNST) reported diluted earnings per share of $-0.06 for fiscal year 2024. This represents a 85.7% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Honest Company, Inc.'s EBITDA?
Honest Company, Inc. (HNST) had EBITDA of -$3.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Honest Company, Inc.'s gross margin?
Honest Company, Inc. (HNST) had a gross margin of 38.2% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Honest Company, Inc.'s operating margin?
Honest Company, Inc. (HNST) had an operating margin of -1.7% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Honest Company, Inc.'s net profit margin?
Honest Company, Inc. (HNST) had a net profit margin of -1.6% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Honest Company, Inc.'s free cash flow?
Honest Company, Inc. (HNST) generated $1.0M in free cash flow during fiscal year 2024. This represents a -94.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Honest Company, Inc.'s operating cash flow?
Honest Company, Inc. (HNST) generated $1.5M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Honest Company, Inc.'s total assets?
Honest Company, Inc. (HNST) had $247.4M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Honest Company, Inc.'s capital expenditures?
Honest Company, Inc. (HNST) invested $530K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Honest Company, Inc. spend on research and development?
Honest Company, Inc. (HNST) invested $6.9M in research and development during fiscal year 2024.
How many shares does Honest Company, Inc. have outstanding?
Honest Company, Inc. (HNST) had 109M shares outstanding as of fiscal year 2024.
What is Honest Company, Inc.'s current ratio?
Honest Company, Inc. (HNST) had a current ratio of 3.57 as of fiscal year 2024, which is generally considered healthy.
What is Honest Company, Inc.'s debt-to-equity ratio?
Honest Company, Inc. (HNST) had a debt-to-equity ratio of 0.42 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Honest Company, Inc.'s return on assets (ROA)?
Honest Company, Inc. (HNST) had a return on assets of -2.5% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Honest Company, Inc.'s Piotroski F-Score?
Honest Company, Inc. (HNST) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals.
Are Honest Company, Inc.'s earnings high quality?
Honest Company, Inc. (HNST) has an earnings quality ratio of -0.25x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation.
How financially healthy is Honest Company, Inc.?
Honest Company, Inc. (HNST) scores 51 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks.