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Hims & Hers (NYSE: HIMS) expands with Eucalyptus deal and 2030 growth targets

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Hims & Hers Health, Inc. entered into Amendment No. 3 to its Revolving Credit and Guaranty Agreement, mainly to facilitate closing its acquisition of Eucalyptus. The amendment adds a grace period for covenant and representation compliance after the deal, sets joinder obligations for material foreign subsidiaries, and increases downstream investment capacity in non-loan party subsidiaries, while leaving loan amounts, interest terms, fees, covenants and events of default otherwise unchanged.

The company also completed its previously announced acquisition of Eucalyptus, adding a significant international presence across Australia, Canada, Germany, Japan, and the United Kingdom. Eucalyptus has served more than 850,000 customers as of May 2026. Hims & Hers reiterated long-term 2030 targets of $6.5 billion in revenue and $1.3 billion in Adjusted EBITDA.

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Insights

Hims & Hers closes Eucalyptus deal and adjusts credit terms to support global expansion.

Hims & Hers has completed its acquisition of Eucalyptus, adding meaningful international scale across several major markets. The company aligns its revolving credit agreement via Amendment No. 3 to accommodate the acquisition, including a grace period for covenant compliance and added obligations for material foreign subsidiaries.

The press release highlights Eucalyptus’ more than 850,000 customers as of May 2026 and reinforces long-term targets of $6.5 billion in revenue and $1.3 billion in Adjusted EBITDA by 2030. Actual impact will depend on successful integration, international execution, and regulatory and customer dynamics described in the forward-looking statements and risk factors.

Item 1.01 Entry into a Material Definitive Agreement Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial
The company incurred a new significant debt or off-balance-sheet obligation.
Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
2030 revenue target $6.5 billion Long-term revenue target by 2030
2030 Adjusted EBITDA target $1.3 billion Long-term Adjusted EBITDA target by 2030
Eucalyptus customers more than 850,000 customers As of May 2026; customers purchasing a program through an Eucalyptus brand
Amendment No. 3 date May 29, 2026 Date of Amendment No. 3 to Revolving Credit and Guaranty Agreement
Press release date June 2, 2026 Date of press release announcing completion of Eucalyptus acquisition
Revolving Credit and Guaranty Agreement financial
"Amendment No. 3 to the Revolving Credit and Guaranty Agreement, dated as of February 18, 2025"
Adjusted EBITDA financial
"long-term targets of $6.5 billion in revenue and $1.3 billion in Adjusted EBITDA by 2030"
Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.
off-balance sheet arrangement financial
"Creation of a Direct Financial Obligation or an Obligation under an Off-balance Sheet Arrangement of a Registrant"
An off-balance sheet arrangement is a financial commitment or asset that a company keeps out of its main financial statements so it does not show up as a direct asset or liability. Think of it like renting equipment or using a separate storage locker instead of putting the item in your home: the economic effects exist, but they aren’t listed on the company’s primary balance sheet. Investors care because these arrangements can hide risks, obligations or sources of cash flow that affect a company’s true financial strength and future performance.
forward-looking statements regulatory
"Certain statements contained herein are forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
emerging growth company regulatory
"405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
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0001773751false00017737512026-05-292026-05-29

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_____________________________________________________________________________________________________________________

FORM 8-K
_____________________________________________________________________________________________________________________

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 29, 2026
_____________________________________________________________________________________________________________________

HIMS & HERS HEALTH, INC.
(Exact name of registrant as specified in its charter)
_____________________________________________________________________________________________________________________

Delaware 001-38986 98-1482650
(State or other jurisdiction
of incorporation)
 
(Commission File Number)
 
(IRS Employer Identification No.)
2269 Chestnut Street, #523
San Francisco, CA 94123
(Address of principal executive offices)
(415) 851-0195
(Registrant’s telephone number, including area code)
______________________________________________________________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))






Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading symbolName of each exchange on which registered
Class A Common Stock, $0.0001 par value HIMS New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). 

Emerging growth company  

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  






Item 1.01 Entry Into a Material Definitive Agreement

On May 29, 2026, Hims & Hers Health, Inc. (the “Company”), as borrower, entered into Amendment No. 3 (the “Amendment”) to the Revolving Credit and Guaranty Agreement, dated as of February 18, 2025 (as amended by that certain Amendment No. 1 to the Revolving Credit and Guaranty Agreement, dated as of June 25, 2025, that certain Amendment No. 2 to the Revolving Credit and Guaranty Agreement, dated as of May 7, 2026, and as amended by this Amendment, the “Credit Agreement”), by among the Company, the subsidiary borrowers and the guarantors from time to time party thereto, the lenders and issuing banks party thereto and JPMorgan Chase Bank, N.A., as administrative agent and collateral agent.

The Amendment, among other things, (a) amends certain provisions of the Credit Agreement to facilitate the closing of the Company’s acquisition of EUC Management Pty Ltd ACN 631 013 860 (d/b/a Eucalyptus) (“Eucalyptus”), including providing a grace period for the Company to comply with the covenants and representations and warranties under the Credit Agreement as a result of such acquisition; (b) establishes joinder obligations for material foreign subsidiaries; (c) increases downstream investment capacity in non-loan party subsidiaries and (d) provides that, other than as described above, the loans and obligations of the parties remain unchanged and there were no material changes to the interest provisions, fees, covenants or events of default.

The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 2.03    Creation of a Direct Financial Obligation or an Obligation under an Off-balance Sheet Arrangement of a Registrant

The information described above under Item 1.01 is incorporated into this Item 2.03 by reference.

Item 8.01     Other Events

On June 2, 2026, the Company issued a press release announcing the completion of its previously announced acquisition of Eucalyptus. A copy of the press release is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 9.01     Financial Statements and Exhibits

(d) Exhibits

Exhibit No.Description
10.1
Amendment No. 3 to the Revolving Credit and Guaranty Agreement, dated as of May 29, 2026, by and among Hims & Hers Health, Inc., as the borrower, and each existing lender party thereto.
99.1
Press Release, dated June 2, 2026, issued by the Company.
104Cover Page Interactive Data File (embedded within the Inline XBRL document)







SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

HIMS & HERS HEALTH, INC.
Date: June 2, 2026By:/s/ Andrew Dudum
Andrew Dudum
Chief Executive Officer



Hims & Hers Completes Acquisition of Eucalyptus, Advancing its Position as the World’s Largest Consumer Health Platform

The acquisition extends the company's leadership position across Australia, Canada, Germany, Japan, and the United Kingdom, with the scale to redefine healthcare for hundreds of millions of people

SAN FRANCISCO, June 2, 2026 – Hims & Hers Health, Inc. (NYSE: HIMS) has completed its acquisition of Eucalyptus, advancing its position as the world's largest consumer health platform. Building on the earlier acquisitions of ZAVA and Livewell, Hims & Hers now has a leading presence across the US, UK, Australian, and Canadian markets, with a growing presence in France, Germany, Ireland, Spain, and Japan. Continuing to expand internationally will enable Hims & Hers to lead the next era of digital health, delivering personal, affordable care to more people around the world. This global expansion reinforces the company’s confidence in its long-term targets of $6.5 billion in revenue and $1.3 billion in Adjusted EBITDA by 2030.

Hims & Hers can now reach hundreds of millions of people across four continents, bringing more data points into the company's closed-loop ecosystem and expanding the network effects of the platform globally. With this scale, data, and local clinical expertise, the company can deliver access to care that is both deeply personal and clinically rigorous, while maintaining consistent quality worldwide. By pairing personalized treatment with high-touch support, Hims & Hers helps customers stick to their treatment plans longer and achieve better outcomes than with medication alone, making the company a critical partner for healthcare innovators looking to bring new treatments and services to customers around the world.

“The future of health isn’t inside of a doctor’s office. It will be integrated into the rhythm of your daily life, anticipating issues before you even see them, and adapting with you,” said Andrew Dudum, co-founder and CEO of Hims & Hers. “Welcoming the Eucalyptus team into Hims & Hers gives us the foundation to become an everyday health companion to people all over the world and a partner to other healthcare innovators who want to build long-term relationships with consumers.”

Eucalyptus brings deep regional presence and a customer-first digital experience that has served more than 850,0001 customers to date, alongside a proven ability to launch and scale in new markets with clinical rigor and local regulatory expertise. Combined with Hims & Hers' platform, technology infrastructure, and growing portfolio of specialties, these capabilities position the company to deliver care that reflects the needs, regulations, and expectations of each market, while raising the bar for what consumer healthcare can look like globally.

“Building Eucalyptus has shown us that the best healthcare is local in its understanding and global in its ambition," said Tim Doyle, Senior Vice President of International at Hims & Hers and former CEO of Eucalyptus. "Joining Hims & Hers gives our teams in Australia, Canada, Germany, Japan, and the United Kingdom the ability to deepen what we've built for our customers, and to bring that experience to many more people in the years ahead.”

The transaction closed pursuant to the terms of the definitive agreement.

1 As of May 2026. Customer defined as a user having purchased a program through a Eucalyptus brand.

About Hims & Hers Health, Inc.
Hims & Hers is the leading health and wellness platform on a mission to help the world feel great through the power of better health. We believe how you feel in your body and mind transforms how you show up in life. That’s why we’re building a future where nothing stands in the way of harnessing this power. Hims & Hers normalizes health & wellness challenges—and innovates on their solutions—to make feeling happy and healthy easy to achieve. No two people are the same, so the company provides access to



personalized care designed for results. For more information, please visit www.hims.com and www.forhers.com.

Press Contact
Abby Reisinger-Moley
press@forhims.com

Cautionary Note Regarding Forward-Looking Statements

Certain statements contained herein are forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. These forward-looking statements can be identified by the use of forward-looking terminology, including the words "believes," "estimates," "anticipates," "expects," "intends," "plans," "assume," "may," "will," "likely," "potential," "projects," "predicts," "continue," "goal," "strategy," "future," "forecast," "target," "outlook," "opportunity," "project," "confidence," "foundation," "groundwork," or "should," or, in each case, their negative or other variations or comparable terminology. There can be no assurance that actual results will not materially differ from expectations. Such statements include, but are not limited to, statements regarding the integration of the Eucalyptus business, the international expansion plans of Hims & Hers Health, Inc. (the “Company”), the anticipated impact of the acquisition on the Company's platform capabilities, customer reach, and global network effects, and the Company's long-term financial targets. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, the forward-looking statements contained herein are based on the current expectations, assumptions and beliefs of the Company. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond the Company's control) and other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to: (i) risks related to the integration of the Eucalyptus business, including the ability to successfully combine operations, retain key personnel, and realize the anticipated strategic and financial benefits of the acquisition; (ii) risks related to the Company's international expansion, including challenges in managing operations across multiple jurisdictions and the ability to launch and scale in new markets; (iii) regulatory, compliance, and legal risks in the jurisdictions where the Company operates or plans to operate, including evolving healthcare, consumer protection, and data privacy regulatory frameworks; (iv) risks related to customer adoption and retention across new and existing markets; (v) the Company's ability to achieve its long-term financial targets, which depend on a number of factors including continued growth of the Company's subscriber base, successful integration and expansion of international operations, and broader macroeconomic conditions; and (vi) risks related to the Company's liquidity and capital allocation, including unanticipated demands on cash resources or changes in operating performance, as well as those factors described in the Risk Factors and other sections of the Company's most recently filed Quarterly Report on Form 10-Q, the Company's most recently filed Annual Report on Form 10-K, and other current and periodic reports the Company files from time to time with the Securities and Exchange Commission.

Should one or more of these risks or uncertainties materialize, or should any of the Company's assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. The Company undertakes no obligation (and expressly disclaims any obligation) to update or revise any forward-looking statements, or to update the reasons actual results could differ materially from those anticipated in the forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.


FAQ

What did Hims & Hers (HIMS) announce in this 8-K filing?

Hims & Hers announced Amendment No. 3 to its revolving credit agreement and the completion of its Eucalyptus acquisition. The amendment aligns credit terms with the transaction, and the deal expands the company’s international presence across multiple countries and consumer health markets.

How does the Eucalyptus acquisition expand Hims & Hers (HIMS) internationally?

The Eucalyptus acquisition gives Hims & Hers a stronger presence in Australia, Canada, Germany, Japan, and the United Kingdom. Combined with earlier deals, the company now has operations or presence across North America, Europe, and parts of Asia, supporting its consumer health platform ambitions.

Did Hims & Hers change key loan terms in its revolving credit agreement?

Hims & Hers amended its credit agreement mainly to support the Eucalyptus acquisition without materially changing core loan terms. The amendment adds a grace period for covenant compliance, establishes joinder obligations for material foreign subsidiaries, and increases downstream investment capacity in non-loan party subsidiaries.

What long-term financial targets did Hims & Hers (HIMS) reference with the Eucalyptus deal?

Hims & Hers reaffirmed long-term 2030 targets of $6.5 billion in revenue and $1.3 billion in Adjusted EBITDA. Management links continued international expansion, including the Eucalyptus acquisition, to supporting these growth and profitability ambitions over time.

How many customers has Eucalyptus served before joining Hims & Hers (HIMS)?

Eucalyptus has served more than 850,000 customers as of May 2026. Customers are defined as users who purchased a program through an Eucalyptus brand, highlighting the scale Hims & Hers gains from this acquisition in key international markets.

What risks does Hims & Hers highlight around the Eucalyptus acquisition and expansion?

The company cites integration, international expansion, regulatory, customer adoption, and liquidity risks. These include combining operations, managing many jurisdictions, evolving healthcare and data rules, retaining customers, achieving long-term targets, and handling capital needs as detailed in its cautionary statements.

Filing Exhibits & Attachments

5 documents