Quarterly ResultMay 6, 2026, 04:15 PM
Honest Company Q1 Revenue Down 19.7% to $78.1M; Reports Net Loss
AI Summary
Honest Company reported a net loss of $42,000 for Q1 2026, a significant decline from a net income of $3.25 million in Q1 2025, with revenue decreasing by 19.7% to $78.1 million. The company is executing its "Powering Honest Growth" restructuring plan, which involves exiting lower-margin channels like Honest.com and the apparel category. Honest Company also entered into a new $35.0 million revolving credit facility and repurchased $3.0 million of common stock during the quarter.
Key Highlights
- Q1 2026 revenue decreased 19.7% to $78.1 million from $97.3 million in Q1 2025.
- Reported a net loss of $42,000 in Q1 2026, compared to net income of $3.25 million in Q1 2025.
- Basic net loss per share was $0.00, down from basic net income per share of $0.03.
- Exited Honest.com, apparel, and Canada channels as part of restructuring plan.
- Entered new $35.0 million revolving credit facility maturing March 31, 2029.
- Repurchased $3.0 million of common stock in Q1 2026.
- Wipes revenue increased to $31.4 million from $27.7 million year-over-year.
- Diapers revenue decreased to $20.8 million from $25.7 million year-over-year.
Price Impact
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