Honest Company Inc (HNST) financial statements: income statement, balance sheet and cash flow
Honest Company Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Honest Company Inc reported revenue of $371.3M (-1.9% year on year) and net income of ($15.7M) (-156.1% year on year).
Income statement
Honest Company Inc income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Revenue
$371.3M
$378.3M
$344.4M
$313.7M
Cost of revenue
$247.6M
$233.7M
$243.8M
$221.3M
Gross profit
$123.8M
$144.7M
$100.5M
$92.3M
Selling, general and administrative
$79.5M
$99.0M
$94.6M
$87.3M
Marketing
$51.2M
$45.1M
$36.4M
$47.8M
Restructuring
$4.2M
$0
$2.2M
—
Research and development
$7.3M
$6.9M
$6.2M
$7.0M
Total operating expenses
$142.2M
$151.0M
$139.4M
$142.1M
Operating loss
($18.5M)
($6.3M)
($38.9M)
($49.8M)
Interest and other income (expense), net
$3.0M
$282.0K
($254.0K)
$871.0K
Loss before provision for income taxes
($15.5M)
($6.0M)
($39.2M)
($48.9M)
Effective tax rate
204000.0%
75000.0%
75000.0%
110000.0%
Net loss
($15.7M)
($6.1M)
($39.2M)
($49.0M)
Basic (in USD per share)
-$0.14
-$0.06
-$0.42
-$0.53
Diluted (in USD per share)
-$0.14
-$0.06
-$0.42
-$0.53
Basic (in shares)
111.2M
100.2M
94.5M
92.2M
Diluted (in shares)
111.2M
100.2M
94.5M
92.2M
Unrealized gain on short-term investments, net of taxes
$0
$0
$32.0K
$9.0K
Comprehensive loss
($15.7M)
($6.1M)
($39.2M)
($49.0M)
Honest Company Inc income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Revenue
$83.3M
$78.1M
$92.6M
$93.5M
Cost of revenue
$42.9M
$44.8M
$58.1M
$55.7M
Gross profit
$40.4M
$33.3M
$34.5M
$37.8M
Selling, general and administrative
$15.0M
$17.5M
$17.7M
$20.4M
Marketing
$14.5M
$14.0M
$14.8M
$12.6M
Restructuring
($383.0K)
$606.0K
—
—
Research and development
$1.7M
$1.9M
$1.7M
$2.0M
Total operating expenses
$30.8M
$33.9M
$34.2M
$34.9M
Operating income
$9.6M
($659.0K)
$313.0K
$2.9M
Interest and other income (expense), net
$1.2M
$663.0K
$555.0K
$1.0M
Income before provision for income taxes
$10.8M
$4.0K
$868.0K
$3.9M
Income tax provision
$65.0K
$46.0K
$110.0K
$44.0K
Net income
$10.7M
($42.0K)
$758.0K
$3.9M
Basic (in dollars per share)
$0.10
$0.00
$0.01
$0.03
Diluted (in dollars per share)
$0.09
$0.00
$0.01
$0.03
Basic (in shares)
110.7M
112.8M
111.8M
111.0M
Diluted (in shares)
113.1M
112.8M
113.7M
114.0M
Comprehensive income
$10.7M
($42.0K)
$758.0K
$3.9M
Balance sheet
Honest Company Inc balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$89.6M
$75.4M
$32.8M
$9.5M
Accounts receivable, net
$33.8M
$43.5M
$43.1M
$42.3M
Inventories
$72.5M
$85.3M
$73.5M
$115.7M
Prepaid expenses and other current assets
$6.6M
$9.7M
$8.4M
$16.0M
Total current assets
$202.4M
$213.9M
$157.8M
$189.1M
Operating lease right-of-use asset
$11.4M
$17.2M
$23.7M
$29.9M
Property and equipment, net
$7.5M
$11.4M
$13.5M
$14.3M
Goodwill
$2.3M
$2.2M
$2.2M
$2.2M
Intangible assets, net
$162.0K
$235.0K
$309.0K
$370.0K
Other assets
$1.7M
$2.4M
$4.1M
$4.6M
Total assets
$225.4M
$247.4M
$201.6M
$240.6M
Accounts payable
$15.1M
$22.8M
$22.3M
$24.8M
Accrued expenses
$35.7M
$35.9M
$32.2M
$38.0M
Deferred revenue
$0
$1.2M
$2.2M
$815.0K
Total current liabilities
$50.8M
$59.9M
$56.7M
$63.6M
Operating lease liabilities, net of current portion
$4.9M
$13.2M
$21.7M
$29.8M
Total liabilities
$55.7M
$73.1M
$78.5M
$94.2M
Preferred stock, $0.0001 par value, 20,000,000 shares authorized at December 31, 2025 and 2024, none issued or outstanding as of December 31, 2025 and 2024
0
0
0
0
Common stock, $0.0001 par value, 1,000,000,000 shares authorized at December 31, 2025 and 2024; 112,809,637 and 109,159,697 shares issued and outstanding as of December 31, 2025 and 2024, respectively
11.0K
11.0K
9.0K
9.0K
Additional paid-in capital
$670.5M
$659.5M
$602.2M
$586.2M
Accumulated deficit
($500.9M)
($485.2M)
($479.1M)
($439.8M)
Total stockholders’ equity
$169.7M
$174.3M
$123.1M
$146.4M
Total liabilities and stockholders’ equity
$225.4M
$247.4M
$201.6M
$240.6M
Honest Company Inc balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents
$105.9M
$90.4M
$71.5M
$72.1M
Accounts receivable, net
$38.1M
$34.0M
$43.3M
$45.1M
Inventories
$49.7M
$61.2M
$93.9M
$95.0M
Prepaid expenses and other current assets
$7.0M
$7.2M
$7.6M
$8.7M
Total current assets
$200.7M
$192.8M
$216.2M
$220.9M
Operating lease right-of-use asset
$8.1M
$9.7M
$12.3M
$13.9M
Property and equipment, net
$8.2M
$8.5M
$9.3M
$10.0M
Goodwill
$2.3M
$2.3M
$2.2M
$2.2M
Intangible assets, net
$127.0K
$145.0K
$181.0K
$199.0K
Other assets
$734.0K
$1.5M
$1.4M
$1.7M
Total assets
$220.1M
$214.9M
$241.5M
$249.0M
Accounts payable
$17.8M
$15.1M
$17.7M
$21.2M
Accrued expenses
$33.1M
$27.7M
$26.2M
$31.1M
Total current liabilities
$50.9M
$42.8M
$44.9M
$53.3M
Operating lease liabilities, net of current portion
$2.2M
$3.1M
$6.5M
$8.7M
Total liabilities
$53.1M
$45.8M
$51.4M
$62.0M
Preferred stock, $0.0001 par value, 20,000,000 shares authorized at June 30, 2026 and December 31, 2025, none issued or outstanding as of June 30, 2026 and December 31, 2025
0
0
0
0
Common stock, $0.0001 par value, 1,000,000,000 shares authorized at June 30, 2026 and December 31, 2025; 114,663,122 and 112,809,637 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively
11.0K
11.0K
11.0K
11.0K
Treasury stock, at cost, 5,575,583 and 0 shares as of June 30, 2026 and December 31, 2025, respectively
-18.9M
-3.0M
—
—
Additional paid-in capital
$676.1M
$673.0M
$667.5M
$665.1M
Accumulated deficit
($490.2M)
($500.9M)
($477.3M)
($478.1M)
Total stockholders’ equity
$167.0M
$169.1M
$190.2M
$187.0M
Total liabilities and stockholders’ equity
$220.1M
$214.9M
$241.5M
$249.0M
Cash flow statement
Honest Company Inc cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net loss
($15.7M)
($6.1M)
($39.2M)
($49.0M)
Depreciation and amortization
$2.9M
$2.8M
$2.7M
$2.8M
Stock-based compensation
$10.5M
$15.7M
$15.8M
$15.1M
Fixed asset impairment
$2.9M
—
—
—
Amortization of operating ROU assets
$6.6M
$6.4M
—
—
Apparel inventory write-down
$15.9M
—
—
—
Other
$6.2M
$746.0K
$6.3M
$6.3M
Accounts receivable, net
$10.2M
($378.0K)
($750.0K)
($10.6M)
Inventories
($7.5M)
($10.9M)
$42.2M
($40.0M)
Prepaid expenses and other assets
$3.6M
($1.4M)
$8.0M
($4.4M)
Accounts payable, accrued expenses and other long-term liabilities
($11.2M)
$3.8M
($9.3M)
$10.4M
Deferred revenue
($375.0K)
($998.0K)
$1.4M
$83.0K
Operating lease liabilities
($8.9M)
($8.1M)
($7.7M)
($7.0M)
Net cash provided by operating activities
$15.1M
$1.5M
$19.4M
($76.3M)
Proceeds from maturities of short-term investments
$0
$0
$5.7M
$49.4M
Purchases of property and equipment
($1.5M)
($530.0K)
($1.8M)
($1.6M)
Purchases of intangible assets
$0
$0
($10.0K)
—
Net cash provided (used in) provided by investing activities
($1.5M)
($530.0K)
$3.8M
$35.0M
Proceeds from exercise of stock options
$384.0K
$41.5M
$4.0K
$122.0K
Proceeds from 2021 ESPP
$152.0K
$163.0K
$176.0K
—
Payments on finance lease liabilities
($1.0K)
($19.0K)
($58.0K)
($303.0K)
Net cash provided by financing activities
$535.0K
$41.6M
$122.0K
$38.0K
Net increase in cash and cash equivalents
$14.1M
$42.6M
$23.3M
($41.3M)
Beginning of the period
$75.4M
$32.8M
$9.5M
$50.8M
End of the period
$89.6M
$75.4M
$32.8M
$9.5M
Interest
$0
$0
$1.0K
$8.0K
Income Taxes
$110.0K
$89.0K
$116.0K
$101.0K
Capital expenditures included in accounts payable and accrued expenses
$496.0K
$44.0K
$25.0K
$54.0K
Honest Company Inc cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net income
$10.6M
($42.0K)
$7.9M
$7.1M
Depreciation and amortization
$1.3M
$646.0K
$2.2M
$1.5M
Stock-based compensation
$5.5M
$2.5M
$7.5M
$5.1M
Amortization of operating ROU assets
$3.3M
$1.7M
$5.0M
$3.3M
Other
$1.8M
$212.0K
$2.7M
$2.2M
Accounts receivable, net
($4.4M)
($342.0K)
$437.0K
($1.6M)
Inventories
$23.0M
$11.4M
($10.8M)
($11.4M)
Prepaid expenses and other assets
($776.0K)
($536.0K)
$2.7M
$1.0M
Accounts payable, accrued expenses and other long-term liabilities
($323.0K)
($7.7M)
($15.1M)
($6.5M)
Deferred revenue
$0
$0
($288.0K)
($218.0K)
Operating lease liabilities
($2.3M)
($2.3M)
($6.4M)
($4.2M)
Net cash provided by (used in) operating activities
$37.8M
$5.5M
($4.2M)
($3.7M)
Purchases of property and equipment
($2.5M)
($1.7M)
($263.0K)
($143.0K)
Net cash used in investing activities
($2.5M)
($1.7M)
($263.0K)
($143.0K)
Repurchase of common stock
($19.1M)
($3.0M)
—
—
Proceeds from exercise of stock options
$0
$0
$384.0K
$384.0K
Proceeds from 2021 ESPP
$108.0K
—
$85.0K
$85.0K
Payments on finance lease liabilities
$0
$0
($1.0K)
($1.0K)
Net cash (used in) provided by financing activities
($19.0M)
($3.0M)
$468.0K
$468.0K
Net increase (decrease) in cash and cash equivalents
$16.3M
$786.0K
($4.0M)
($3.4M)
Beginning of the period
$89.6M
$89.6M
$75.4M
$75.4M
End of the period
$105.9M
$90.4M
$71.5M
$72.1M
Capital expenditures included in accounts payable and accrued expenses