Growth & profitability
- Revenue has grown 4.3% per year over the past 5 years.
- Operating margin has been roughly flat, at -5.0% in the latest year.
HNST Financials Honest Company, Inc.
7 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $371M | -$16M | 33.3% | -5.0% | $14M | — | $90M |
| 2024 | $378M | -$6M | 38.2% | -1.7% | $1M | — | $75M |
| 2023 | $344M | -$39M | 29.2% | -11.3% | $18M | — | $33M |
| 2022 | $314M | -$49M | 29.4% | -15.9% | -$78M | — | $10M |
| 2021 | $319M | -$39M | 34.3% | -11.6% | -$38M | — | $51M |
| 2020 | $301M | -$14M | 35.9% | -4.5% | -$12M | — | $29M |
| 2019 | $236M | -$31M | 32.2% | -13.4% | -$21M | — | $14M |
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key quarterly figures
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $78M | -$42000 | 42.6% | -0.8% | $4M | — | $90M |
| Dec '25 | $88M | -$24M | 15.7% | -27.5% | $18M | — | $90M |
| Sep '25 | $93M | $758000 | 37.3% | 0.3% | -$624000 | — | $71M |
| Jun '25 | $93M | $4M | 40.4% | 3.1% | -$826000 | — | $72M |
| Mar '25 | $97M | $3M | 38.7% | 2.6% | -$3M | — | $73M |
| Dec '24 | $100M | -$810000 | 38.8% | -1.0% | -$17M | — | $75M |
| Sep '24 | $99M | $165000 | 38.7% | 0.1% | $15M | — | $53M |
| Jun '24 | $93M | -$4M | 38.3% | -4.3% | $3M | — | $37M |
| Mar '24 | $86M | -$1M | 37.0% | -1.5% | $260000 | — | $34M |
| Dec '23 | $90M | $1M | 33.5% | 1.2% | $10M | — | $33M |
| Sep '23 | $86M | -$8M | 31.6% | -9.3% | $5M | — | $23M |
| Jun '23 | $85M | -$13M | 27.1% | -15.8% | $6M | — | $18M |
| Mar '23 | $83M | -$19M | 24.2% | -22.4% | -$3M | — | $9M |
| Dec '22 | $82M | -$13M | 27.5% | -15.6% | -$26M | — | $10M |
| Sep '22 | $85M | -$12M | 30.3% | -13.9% | -$26M | — | $24M |
| Jun '22 | $78M | -$10M | 30.0% | -13.7% | -$11M | — | $40M |
| Mar '22 | $69M | -$15M | 30.0% | -21.2% | -$15M | — | $45M |
| Dec '21 | $80M | -$9M | 30.0% | -10.7% | -$2M | — | $51M |
| Sep '21 | $83M | -$5M | 36.0% | -5.6% | -$4M | — | $28M |
| Jun '21 | $75M | -$20M | 36.1% | -26.2% | -$21M | — | $41M |
Valuation over time
How the market has priced HNST against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
- The price-to-sales ratio has risen from 0.6× (Mar '23) to 1.1× (Jun '26).
P/S
Frequently asked questions
Is HNST growing its revenue and profit?
Over the past 5 years, Honest Company, Inc.'s revenue has grown 4.3% per year. These are computed facts, not advice.
How much debt does HNST have?
As of FY2025, Honest Company, Inc. reported — of total debt against $90M of cash.
What is HNST's profit margin?
In FY2025, gross margin was 33.3%, operating margin -5.0%, and net margin -4.2%.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.