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Honest (HNST) Financials

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$3.85 +0.13 (+3.41%)
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Annual Income Statements for Honest

Annual Income Statements for Honest

This table shows Honest's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -31 -14 -39 -49 -39 -6.12 -16
Consolidated Net Income / (Loss)		 -31 -14 -39 -49 -39 -6.12 -16
Net Income / (Loss) Continuing Operations		 -31 -14 -39 -49 -39 -6.12 -16
Total Pre-Tax Income 		-31 -14 -39 -49 -39 -6.05 -15
Total Operating Income		 -31 -14 -37 -50 -39 -6.33 -18
Total Gross Profit		 76 108 109 92 101 145 124
Total Revenue		 236 301 319 314 344 378 371
Operating Revenue		 236 301 319 314 344 378 371
Total Cost of Revenue		 160 193 209 221 244 234 248
Operating Cost of Revenue		 160 193 209 221 244 234 248
Total Operating Expenses		 107 121 146 142 139 151 142
Selling, General & Admin Expense		 70 71 84 87 95 99 80
Marketing Expense		 32 44 54 48 36 45 51
Research & Development Expense		 5.14 5.71 7.68 7.00 6.21 6.85 7.35
Restructuring Charge		 - - 0.00 0.00 2.21 0.00 4.16
Total Other Income / (Expense), net		 0.43 -0.84 -1.78 0.87 -0.25 0.28 2.98
Other Income / (Expense), net		 0.43 -0.84 -1.78 0.87 -0.25 0.28 2.98
Income Tax Expense		 0.06 0.09 0.08 0.11 0.08 0.08 0.20
Basic Earnings per Share		 ($0.92) ($0.43) ($0.43) ($0.53) ($0.42) ($0.06) ($0.14)
Weighted Average Basic Shares Outstanding		 33.92M 34.08M 71.13M 92.20M 94.52M 100.25M 111.21M
Diluted Earnings per Share		 ($0.92) ($0.43) ($0.43) ($0.53) ($0.42) ($0.06) ($0.14)
Weighted Average Diluted Shares Outstanding		 33.92M 34.08M 71.13M 92.20M 94.52M 100.25M 111.21M
Weighted Average Basic & Diluted Shares Outstanding		 - - 91.56M 93.35M 95.89M 108.91M 112.47M

Quarterly Income Statements for Honest

This table shows Honest's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 -8.10 1.14 -1.40 -4.08 0.17 -0.81 3.25 3.87 0.76 -24 -0.04
Consolidated Net Income / (Loss)		 -8.10 1.14 -1.40 -4.08 0.17 -0.81 3.25 3.87 0.76 -24 -0.04
Net Income / (Loss) Continuing Operations		 -8.10 1.14 -1.40 -4.08 0.17 -0.81 3.25 3.87 0.76 -24 -0.04
Total Pre-Tax Income 		-8.06 1.14 -1.38 -4.06 0.18 -0.79 3.29 3.91 0.87 -24 0.00
Total Operating Income		 -7.99 1.13 -1.32 -4.05 0.06 -1.03 2.51 2.89 0.31 -24 -0.66
Total Gross Profit		 27 30 32 36 38 39 38 38 34 14 33
Total Revenue		 86 90 86 93 99 100 97 93 93 88 78
Operating Revenue		 86 90 86 93 99 100 97 93 93 88 78
Total Cost of Revenue		 59 60 54 57 61 61 60 56 58 74 45
Operating Cost of Revenue		 59 60 54 57 61 61 60 56 58 74 45
Total Operating Expenses		 35 29 33 40 38 40 35 35 34 38 34
Selling, General & Admin Expense		 24 20 22 26 23 27 21 20 18 20 17
Marketing Expense		 9.11 7.84 9.10 12 13 11 12 13 15 12 14
Research & Development Expense		 1.58 1.58 1.68 1.71 1.74 1.71 1.85 1.96 1.70 1.83 1.86
Restructuring Charge		 0.36 0.10 - - - - 0.00 - - - 0.61
Total Other Income / (Expense), net		 -0.07 0.02 -0.06 -0.02 0.13 0.24 0.79 1.03 0.56 0.61 0.66
Other Income / (Expense), net		 -0.07 0.02 -0.06 -0.02 0.13 0.24 0.79 1.03 0.56 0.61 0.66
Income Tax Expense		 0.04 - 0.03 0.01 0.02 0.02 0.04 0.04 0.11 0.01 0.05
Basic Earnings per Share		 ($0.09) $0.01 ($0.01) ($0.04) $0.00 ($0.01) $0.03 $0.03 $0.01 ($0.21) $0.00
Weighted Average Basic Shares Outstanding		 95.18M 94.52M 96.27M 99.08M 100.69M 100.25M 109.55M 110.99M 111.84M 111.21M 112.82M
Diluted Earnings per Share		 ($0.09) $0.01 ($0.01) ($0.04) $0.00 ($0.01) $0.03 $0.03 $0.01 ($0.21) $0.00
Weighted Average Diluted Shares Outstanding		 95.18M 94.52M 96.27M 99.08M 104.59M 100.25M 114.57M 114.04M 113.71M 111.21M 112.82M
Weighted Average Basic & Diluted Shares Outstanding		 95.47M 95.89M 98.64M 100.08M 100.96M 108.91M 110.24M 111.27M 111.79M 112.47M 110.08M

Annual Cash Flow Statements for Honest

This table details how cash moves in and out of Honest's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -9.29 24 14 -41 23 43 14
Net Cash From Operating Activities		 -20 -12 -38 -76 19 1.54 15
Net Cash From Continuing Operating Activities		 -20 -12 -38 -76 19 1.54 15
Net Income / (Loss) Continuing Operations		 -31 -14 -39 -49 -39 -6.12 -16
Consolidated Net Income / (Loss)		 -31 -14 -39 -49 -39 -6.12 -16
Depreciation Expense		 7.67 4.85 4.15 2.75 2.74 2.84 2.90
Amortization Expense		 - - - 6.18 6.26 6.44 6.65
Non-Cash Adjustments To Reconcile Net Income		 8.38 7.91 17 8.07 16 16 29
Changes in Operating Assets and Liabilities, net		 -4.96 -10 -20 -44 34 -17 -8.03
Net Cash From Investing Activities		 11 37 -8.62 35 3.84 -0.53 -1.51
Net Cash From Continuing Investing Activities		 11 37 -8.62 35 3.84 -0.53 -1.51
Purchase of Property, Plant & Equipment		 -0.66 -0.20 -0.22 -1.62 -1.84 -0.53 -1.51
Acquisitions		 - - 0.00 0.00 -0.01 0.00 0.00
Sale and/or Maturity of Investments		 86 59 57 49 5.68 0.00 0.00
Net Cash From Financing Activities		 -0.31 -0.97 60 0.04 0.12 42 0.54
Net Cash From Continuing Financing Activities		 -0.31 -0.97 60 0.04 0.12 42 0.54
Issuance of Common Equity		 0.00 0.00 97 0.26 0.18 0.16 0.15
Other Financing Activities, net		 0.25 0.04 -0.31 -0.22 -0.05 41 0.38
Cash Interest Paid		 1.72 1.84 1.80 0.01 0.00 0.00 0.00
Cash Income Taxes Paid		 0.08 0.10 0.08 0.10 0.12 0.09 0.11

Quarterly Cash Flow Statements for Honest

This table details how cash moves in and out of Honest's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 5.26 9.72 0.76 3.01 17 22 -2.62 -0.74 -0.62 18 0.79
Net Cash From Operating Activities		 5.67 9.92 0.34 2.95 15 -17 -2.94 -0.75 -0.50 19 5.52
Net Cash From Continuing Operating Activities		 5.67 9.92 0.34 2.95 15 -17 -2.94 -0.75 -0.50 19 5.52
Net Income / (Loss) Continuing Operations		 -8.10 1.14 -1.40 -4.08 0.17 -0.81 3.25 3.87 0.76 -24 -0.04
Consolidated Net Income / (Loss)		 -8.10 1.14 -1.40 -4.08 0.17 -0.81 3.25 3.87 0.76 -24 -0.04
Depreciation Expense		 0.68 0.72 0.72 0.71 0.71 0.71 0.72 0.74 0.72 0.72 0.65
Amortization Expense		 - - 1.59 - - - 1.64 1.65 1.66 1.69 1.67
Non-Cash Adjustments To Reconcile Net Income		 1.77 -0.04 2.52 8.91 -3.89 0.03 0.32 4.81 2.40 22 2.47
Changes in Operating Assets and Liabilities, net		 11 1.84 -3.09 -2.59 18 -23 -8.87 -12 -6.05 19 0.78
Net Cash From Investing Activities		 -0.40 -0.26 -0.08 -0.02 -0.09 -0.35 -0.06 -0.08 -0.12 -1.25 -1.74
Net Cash From Continuing Investing Activities		 -0.40 -0.26 -0.08 -0.02 -0.09 -0.35 -0.06 -0.08 -0.12 -1.25 -1.74
Purchase of Property, Plant & Equipment		 -0.40 -0.25 -0.08 -0.02 -0.09 -0.35 -0.06 -0.08 -0.12 -1.25 -1.74
Net Cash From Financing Activities		 -0.01 0.06 0.50 0.08 1.86 39 0.38 0.09 - 0.07 -3.00
Net Cash From Continuing Financing Activities		 -0.01 0.06 0.50 0.08 1.86 39 0.38 0.09 - 0.07 -3.00
Repurchase of Common Equity		 - - - - - - 0.00 - - - -3.00
Other Financing Activities, net		 -0.01 -0.01 0.50 -0.01 1.86 39 0.38 - - - 0.00

Annual Balance Sheets for Honest

This table presents Honest's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 241 273 241 202 247 225
Total Current Assets		 174 214 189 158 214 202
Cash & Equivalents		 29 51 9.52 33 75 90
Note & Lease Receivable		 23 32 42 43 43 34
Inventories, net		 77 76 116 73 85 73
Prepaid Expenses		 8.66 13 16 8.37 9.74 6.59
Plant, Property, & Equipment, net		 57 53 14 13 11 7.48
Total Noncurrent Assets		 10 5.85 37 30 22 15
Goodwill		 2.23 2.23 2.23 2.23 2.23 2.27
Intangible Assets		 0.51 0.44 0.37 0.31 0.24 0.16
Other Noncurrent Operating Assets		 7.73 3.18 35 28 20 13
Total Liabilities & Shareholders' Equity		 241 273 241 202 247 225
Total Liabilities		 101 93 94 78 73 56
Total Current Liabilities		 54 48 64 57 60 51
Accounts Payable		 31 29 25 22 23 15
Accrued Expenses		 22 19 38 32 36 36
Total Noncurrent Liabilities		 47 45 31 22 13 4.92
Other Noncurrent Operating Liabilities		 8.66 7.49 31 22 13 4.92
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 -237 179 146 123 174 170
Total Preferred & Common Equity		 -237 179 146 123 174 170
Preferred Stock		 - 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 -237 179 146 123 174 170
Common Stock		 116 571 586 602 659 671
Retained Earnings		 -353 -392 -440 -479 -485 -501
Treasury Stock		 - - - - - 0.00

Quarterly Balance Sheets for Honest

This table presents Honest's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 248 213 193 196 198 200 209 265 249 242 215
Total Current Assets		 194 164 145 150 156 162 173 235 221 216 193
Cash & Equivalents		 24 9.22 18 23 34 37 53 73 72 71 90
Note & Lease Receivable		 39 45 36 38 41 43 36 43 45 43 34
Inventories, net		 100 98 82 80 75 74 75 90 95 94 61
Prepaid Expenses		 14 8.09 8.69 8.77 7.77 8.61 8.97 29 8.66 7.60 7.23
Plant, Property, & Equipment, net		 0.00 14 14 14 13 12 12 11 10 9.33 8.54
Total Noncurrent Assets		 54 36 34 32 29 26 24 20 18 16 14
Goodwill		 2.23 2.23 2.23 2.23 2.23 2.23 2.23 2.23 2.23 2.23 2.27
Intangible Assets		 0.39 0.35 0.34 0.33 0.29 0.27 0.25 0.22 0.20 0.18 0.15
Other Noncurrent Operating Assets		 51 33 31 4.25 26 23 22 18 16 14 11
Total Liabilities & Shareholders' Equity		 248 213 193 196 198 200 209 265 249 242 215
Total Liabilities		 93 82 68 76 73 70 75 85 62 51 46
Total Current Liabilities		 61 54 42 52 54 53 60 74 53 45 43
Accounts Payable		 31 25 15 18 25 20 24 23 21 18 15
Accrued Expenses		 30 27 25 31 26 31 34 50 31 26 28
Total Noncurrent Liabilities		 32 28 26 24 20 18 15 11 8.74 6.48 3.08
Other Noncurrent Operating Liabilities		 32 28 26 0.22 20 18 15 11 8.74 6.48 3.08
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 155 131 124 120 125 130 134 180 187 190 169
Total Preferred & Common Equity		 155 131 124 120 125 130 134 180 187 190 169
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 155 131 124 120 125 130 134 180 187 190 169
Common Stock		 582 590 597 600 605 614 618 662 665 667 673
Retained Earnings		 -427 -459 -472 -480 -480 -485 -484 -482 -478 -477 -501
Treasury Stock		 - - - - - - - - - - -3.00

Annual Metrics And Ratios for Honest

This table displays calculated financial ratios and metrics derived from Honest's official financial filings.

Metric 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Growth Metrics		 - - - - - - -
Revenue Growth		 0.00% 27.56% 6.03% -1.57% 9.79% 9.87% -1.86%
EBITDA Growth		 0.00% 59.23% -261.82% -16.02% 24.54% 110.73% -283.20%
EBIT Growth		 0.00% 53.66% -168.50% -26.70% 19.93% 84.55% -155.94%
NOPAT Growth		 0.00% 56.96% -171.98% -35.18% 21.84% 83.73% -191.60%
Net Income Growth		 0.00% 53.46% -167.38% -26.73% 19.95% 84.39% -156.14%
EPS Growth		 0.00% 53.26% 0.00% -23.26% 20.75% 85.71% -133.33%
Operating Cash Flow Growth		 0.00% 39.65% -216.21% -99.91% 125.37% -92.04% 881.25%
Free Cash Flow Firm Growth		 0.00% 0.00% 69.96% -16.15% 132.04% -195.21% 145.12%
Invested Capital Growth		 0.00% 0.00% 9.67% 6.27% -31.16% 9.48% -19.00%
Revenue Q/Q Growth		 0.00% 0.00% 0.79% 0.47% 2.50% 2.60% -3.08%
EBITDA Q/Q Growth		 0.00% 0.00% 9.20% 5.59% 39.79% 356.17% -135.39%
EBIT Q/Q Growth		 0.00% 0.00% 8.59% -7.78% 25.90% -47.00% -312.52%
NOPAT Q/Q Growth		 0.00% 0.00% 9.28% -9.11% 26.30% -51.64% -384.40%
Net Income Q/Q Growth		 0.00% 0.00% 8.60% -7.85% 25.93% -46.79% -321.77%
EPS Q/Q Growth		 0.00% 0.00% 41.10% -12.77% 25.00% -50.00% -333.33%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 28.76% -45.39% 219.65% -94.55% 171.96%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% -120.74% 131.44% -134.79% 117.36%
Invested Capital Q/Q Growth		 0.00% 0.00% -2.71% 14.83% -25.17% 22.93% -32.55%
Profitability Metrics		 - - - - - - -
Gross Margin		 32.20% 35.90% 34.26% 29.43% 29.19% 38.23% 33.33%
EBITDA Margin		 -9.91% -3.17% -10.81% -12.75% -8.76% 0.86% -1.60%
Operating Margin		 -13.35% -4.51% -11.56% -15.87% -11.30% -1.67% -4.97%
EBIT Margin		 -13.17% -4.78% -12.11% -15.59% -11.37% -1.60% -4.17%
Profit (Net Income) Margin		 -13.19% -4.81% -12.14% -15.63% -11.39% -1.62% -4.22%
Tax Burden Percent		 100.18% 100.62% 100.20% 100.22% 100.19% 101.24% 101.32%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% -16.84% -21.84% -27.37% -24.59% -4.69% -14.44%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 20.10% 9.37% 12.66% 25.42% -1.56% -11.09%
Return on Net Nonoperating Assets (RNNOA)		 0.00% -3.89% -2.43% -2.75% -4.53% 0.57% 5.32%
Return on Equity (ROE)		 0.00% -20.73% -24.27% -30.12% -29.12% -4.12% -9.12%
Cash Return on Invested Capital (CROIC)		 0.00% -216.84% -31.07% -33.45% 12.32% -13.73% 6.55%
Operating Return on Assets (OROA)		 0.00% -5.97% -15.04% -19.06% -17.71% -2.69% -6.55%
Return on Assets (ROA)		 0.00% -6.01% -15.07% -19.10% -17.75% -2.73% -6.64%
Return on Common Equity (ROCE)		 0.00% 35.17% 4.40% -30.12% -29.12% -4.12% -9.12%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 6.11% -21.60% -33.49% -31.86% -3.51% 0.00%
Net Operating Profit after Tax (NOPAT)		 -22 -9.48 -26 -35 -27 -4.43 -13
NOPAT Margin		 -9.35% -3.15% -8.09% -11.11% -7.91% -1.17% -3.48%
Net Nonoperating Expense Percent (NNEP)		 0.00% -36.93% -31.21% -40.03% -50.01% -3.13% -3.35%
Return On Investment Capital (ROIC_SIMPLE)		 - - - -23.81% -22.12% -2.54% -7.62%
Cost of Revenue to Revenue		 67.80% 64.10% 65.74% 70.57% 70.81% 61.77% 66.67%
SG&A Expenses to Revenue		 29.84% 23.71% 26.38% 27.84% 27.47% 26.18% 21.41%
R&D to Revenue		 2.18% 1.90% 2.41% 2.23% 1.80% 1.81% 1.98%
Operating Expenses to Revenue		 45.55% 40.41% 45.82% 45.30% 40.49% 39.91% 38.30%
Earnings before Interest and Taxes (EBIT)		 -31 -14 -39 -49 -39 -6.05 -15
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -23 -9.52 -34 -40 -30 3.24 -5.93
Valuation Ratios		 - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 4.11 1.91 2.56 4.01 1.70
Price to Tangible Book Value (P/TBV)		 0.00 0.00 4.17 1.94 2.61 4.07 1.72
Price to Revenue (P/Rev)		 1.75 1.37 2.31 0.89 0.91 1.85 0.78
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 6.77 5.51 2.01 3.13 6.31 2.48
Enterprise Value to Revenue (EV/Rev)		 0.00 2.54 2.14 0.84 0.82 1.65 0.54
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 192.78 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 14.58 405.08 13.15
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 20.68 0.00 33.92
Leverage & Solvency		 - - - - - - -
Debt to Equity		 0.00 0.28 0.21 0.00 0.00 0.00 0.00
Long-Term Debt to Equity		 0.00 0.28 0.21 0.00 0.00 0.00 0.00
Financial Leverage		 0.00 -0.19 -0.26 -0.22 -0.18 -0.36 -0.48
Leverage Ratio		 0.00 1.72 1.61 1.58 1.64 1.51 1.37
Compound Leverage Factor		 0.00 1.72 1.61 1.58 1.64 1.51 1.37
Debt to Total Capital		 0.00% 21.59% 17.32% 0.00% 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 21.59% 17.32% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 211.46% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 0.00% -133.04% 82.68% 100.00% 100.00% 100.00% 100.00%
Debt to EBITDA		 0.00 -4.04 -1.09 0.00 0.00 0.00 0.00
Net Debt to EBITDA		 0.00 2.84 1.62 0.00 0.00 0.00 0.00
Long-Term Debt to EBITDA		 0.00 -4.04 -1.09 0.00 0.00 0.00 0.00
Debt to NOPAT		 0.00 -4.05 -1.46 0.00 0.00 0.00 0.00
Net Debt to NOPAT		 0.00 2.85 2.16 0.00 0.00 0.00 0.00
Long-Term Debt to NOPAT		 0.00 -4.05 -1.46 0.00 0.00 0.00 0.00
Altman Z-Score		 0.00 2.04 4.14 0.48 0.75 5.19 2.22
Noncontrolling Interest Sharing Ratio		 0.00% 269.67% 118.11% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - -
Current Ratio		 0.00 3.21 4.41 2.97 2.78 3.57 3.98
Quick Ratio		 0.00 1.60 2.58 0.90 1.34 1.99 2.43
Cash Flow Metrics		 - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -122 -37 -43 14 -13 5.86
Operating Cash Flow to CapEx		 -3,024.51% -6,033.00% -17,342.73% -4,717.07% 1,052.94% 290.75% 1,001.39%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - -
Asset Turnover		 0.00 1.25 1.24 1.22 1.56 1.69 1.57
Accounts Receivable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Inventory Turnover		 0.00 2.51 2.75 2.31 2.58 2.94 3.14
Fixed Asset Turnover		 0.00 5.30 5.81 9.32 24.76 30.41 39.35
Accounts Payable Turnover		 0.00 6.19 7.00 8.27 10.37 10.36 13.05
Days Sales Outstanding (DSO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Inventory Outstanding (DIO)		 0.00 145.28 132.73 157.76 141.57 123.98 116.30
Days Payable Outstanding (DPO)		 0.00 58.99 52.17 44.11 35.21 35.22 27.97
Cash Conversion Cycle (CCC)		 0.00 86.29 80.56 113.65 106.36 88.77 88.33
Capital & Investment Metrics		 - - - - - - -
Invested Capital		 0.00 113 123 131 90 99 80
Invested Capital Turnover		 0.00 5.34 2.70 2.46 3.11 4.00 4.15
Increase / (Decrease) in Invested Capital		 0.00 113 11 7.74 -41 8.56 -19
Enterprise Value (EV)		 0.00 762 681 264 282 624 199
Market Capitalization		 413 413 736 279 315 700 288
Book Value per Share		 $0.00 ($6.95) $1.97 $1.58 $1.29 $1.73 $1.52
Tangible Book Value per Share		 $0.00 ($7.03) $1.94 $1.55 $1.26 $1.70 $1.50
Total Capital		 0.00 178 217 146 123 174 170
Total Debt		 0.00 38 38 0.00 0.00 0.00 0.00
Total Long-Term Debt		 0.00 38 38 0.00 0.00 0.00 0.00
Net Debt		 0.00 -27 -56 -15 -33 -75 -90
Capital Expenditures (CapEx)		 0.66 0.20 0.22 1.62 1.84 0.53 1.51
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 54 72 110 68 79 62
Debt-free Net Working Capital (DFNWC)		 0.00 119 165 126 101 154 152
Net Working Capital (NWC)		 0.00 119 165 126 101 154 152
Net Nonoperating Expense (NNE)		 9.06 4.99 13 14 12 1.69 2.76
Net Nonoperating Obligations (NNO)		 0.00 -27 -56 -15 -33 -75 -90
Total Depreciation and Amortization (D&A)		 7.67 4.85 4.15 8.93 9.00 9.29 9.55
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 17.99% 22.64% 35.20% 19.81% 20.77% 16.71%
Debt-free Net Working Capital to Revenue		 0.00% 39.76% 51.88% 40.03% 29.35% 40.71% 40.83%
Net Working Capital to Revenue		 0.00% 39.76% 51.88% 40.03% 29.35% 40.71% 40.83%
Earnings Adjustments		 - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 ($0.43) ($0.53) ($0.42) ($0.06) ($0.14)
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 71.13M 92.20M 94.52M 100.25M 111.21M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 ($0.43) ($0.53) ($0.42) ($0.06) ($0.14)
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 71.13M 92.20M 94.52M 100.25M 111.21M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 91.56M 93.35M 95.89M 108.91M 112.47M
Normalized Net Operating Profit after Tax (NOPAT)		 -22 -9.48 -26 -35 -26 -4.43 -10
Normalized NOPAT Margin		 -9.35% -3.15% -8.09% -11.11% -7.46% -1.17% -2.70%
Pre Tax Income Margin		 -13.17% -4.78% -12.11% -15.59% -11.37% -1.60% -4.17%
Debt Service Ratios		 - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% -90.49% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% -90.49% 0.00% 0.00% 0.00% 0.00%

Quarterly Metrics And Ratios for Honest

This table displays calculated financial ratios and metrics derived from Honest's official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - 108,910,399.00 110,237,061.00 111,269,491.00 - 112,474,217.00
DEI Adjusted Shares Outstanding		 - - - - - - 108,910,399.00 110,237,061.00 111,269,491.00 - 112,474,217.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - 0.03 0.04 0.01 - 0.00
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 1.88% 10.27% 3.39% 10.06% 15.17% 10.61% 12.80% 0.44% -6.72% -11.82% -19.69%
EBITDA Growth		 33.67% 115.76% 96.36% 73.63% 112.06% -104.30% 506.33% 451.62% 27.56% -1,465.07% -58.87%
EBIT Growth		 31.48% 109.11% 92.69% 69.66% 102.28% -169.20% 339.04% 196.31% 371.74% -2,878.26% -99.88%
NOPAT Growth		 31.92% 112.63% 92.95% 69.78% 100.91% -163.79% 369.04% 200.85% 434.75% -2,251.07% 179.40%
Net Income Growth		 31.30% 109.08% 92.56% 69.61% 102.04% -170.78% 331.93% 194.92% 359.39% -2,813.23% -101.29%
EPS Growth		 30.77% 107.69% 95.00% 71.43% 100.00% -200.00% 400.00% 175.00% 0.00% -2,000.00% -100.00%
Operating Cash Flow Growth		 122.45% 138.75% 112.17% -54.82% 165.91% -269.57% -974.40% -125.30% -103.34% 214.76% 287.95%
Free Cash Flow Firm Growth		 -371.87% 352.02% 165.42% 153.60% 434.97% -122.09% -150.95% -278.72% -194.32% 120.11% 357.44%
Invested Capital Growth		 5.64% -31.16% -23.60% -12.64% -33.36% 9.48% 17.94% 23.49% 47.63% -19.00% -26.79%
Revenue Q/Q Growth		 1.92% 4.75% -4.48% 7.92% 6.65% 0.60% -2.59% -3.90% -0.95% -4.90% -11.29%
EBITDA Q/Q Growth		 41.98% 125.22% -135.50% -407.56% 126.53% -108.99% 264.82% 11.63% -48.41% -749.82% 110.99%
EBIT Q/Q Growth		 39.81% 114.18% -220.56% -194.92% 104.53% -529.89% 516.43% 18.82% -77.82% -2,814.06% 100.02%
NOPAT Q/Q Growth		 40.30% 120.16% -181.60% -207.60% 101.81% -1,507.83% 444.16% 15.30% -90.43% -6,289.60% 140.90%
Net Income Q/Q Growth		 39.64% 114.11% -222.75% -190.59% 104.05% -590.30% 502.23% 18.93% -80.41% -3,209.23% 99.82%
EPS Q/Q Growth		 35.71% 111.11% -200.00% -300.00% 100.00% 0.00% 400.00% 0.00% -66.67% -2,200.00% 100.00%
Operating Cash Flow Q/Q Growth		 -12.98% 74.90% -96.61% 776.49% 412.22% -211.53% 82.54% 74.64% 32.35% 3,930.95% -71.40%
Free Cash Flow Firm Q/Q Growth		 39.34% 448.99% -35.15% -60.96% 279.12% -123.01% -49.58% -36.94% -100.09% 104.91% 1,815.29%
Invested Capital Q/Q Growth		 13.27% -25.17% 0.96% 2.09% -13.60% 22.93% 8.77% 6.89% 3.29% -32.55% -1.70%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 31.57% 33.49% 36.98% 38.27% 38.69% 38.83% 38.74% 40.39% 37.26% 15.73% 42.60%
EBITDA Margin		 -8.57% 2.06% -0.77% -3.61% 0.90% -0.08% 5.81% 6.75% 3.52% -24.02% 2.98%
Operating Margin		 -9.27% 1.25% -1.53% -4.35% 0.06% -1.03% 2.58% 3.09% 0.34% -27.45% -0.84%
EBIT Margin		 -9.36% 1.27% -1.60% -4.37% 0.19% -0.79% 3.39% 4.19% 0.94% -26.76% 0.01%
Profit (Net Income) Margin		 -9.40% 1.27% -1.63% -4.38% 0.17% -0.81% 3.35% 4.14% 0.82% -26.77% -0.05%
Tax Burden Percent		 100.43% 100.00% 101.81% 100.32% 89.67% 102.28% 98.79% 98.88% 87.33% 100.04% -1,050.00%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 10.33% 0.00% 1.21% 1.12% 12.67% 0.00% 1,150.00%
Return on Invested Capital (ROIC)		 -18.57% 3.89% -3.52% -10.84% 0.19% -2.88% 9.98% 11.45% 1.14% -79.75% 33.50%
ROIC Less NNEP Spread (ROIC-NNEP)		 -6.09% 3.82% -1.40% -6.27% -0.24% -2.72% 8.52% 9.58% 0.36% -71.69% 42.03%
Return on Net Nonoperating Assets (RNNOA)		 0.89% -0.68% 0.25% 1.34% 0.05% 0.99% -2.97% -3.29% -0.14% 34.39% -19.63%
Return on Equity (ROE)		 -17.68% 3.20% -3.27% -9.50% 0.24% -1.89% 7.01% 8.16% 1.00% -45.36% 13.87%
Cash Return on Invested Capital (CROIC)		 -36.94% 12.32% 12.41% 4.92% 37.14% -13.73% -18.23% -16.84% -33.90% 6.55% 14.68%
Operating Return on Assets (OROA)		 -14.16% 1.97% -2.70% -7.91% 0.34% -1.34% 5.69% 7.27% 1.59% -42.03% 0.01%
Return on Assets (ROA)		 -14.23% 1.97% -2.75% -7.94% 0.30% -1.37% 5.62% 7.19% 1.39% -42.05% -0.08%
Return on Common Equity (ROCE)		 -17.68% 3.20% -3.27% -9.50% 0.24% -1.89% 7.01% 8.16% 1.00% -45.36% 13.87%
Return on Equity Simple (ROE_SIMPLE)		 -44.14% 0.00% -17.45% -9.59% -3.12% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -5.59 1.13 -0.92 -2.83 0.05 -0.72 2.48 2.86 0.27 -17 6.92
NOPAT Margin		 -6.49% 1.25% -1.07% -3.04% 0.05% -0.72% 2.55% 3.06% 0.30% -19.22% 8.86%
Net Nonoperating Expense Percent (NNEP)		 -12.47% 0.06% -2.12% -4.58% 0.43% -0.17% 1.46% 1.87% 0.78% -8.06% -8.53%
Return On Investment Capital (ROIC_SIMPLE)		 - 0.92% - - - -0.41% 1.37% 1.53% 0.14% -9.97% 4.09%
Cost of Revenue to Revenue		 68.43% 66.51% 63.02% 61.73% 61.31% 61.17% 61.26% 59.61% 62.74% 84.27% 57.40%
SG&A Expenses to Revenue		 28.02% 21.70% 26.00% 28.41% 23.61% 26.81% 21.64% 21.78% 19.10% 23.22% 22.37%
R&D to Revenue		 1.84% 1.75% 1.95% 1.84% 1.76% 1.72% 1.90% 2.10% 1.84% 2.08% 2.38%
Operating Expenses to Revenue		 40.85% 32.24% 38.50% 42.62% 38.63% 39.86% 36.16% 37.30% 36.92% 43.18% 43.44%
Earnings before Interest and Taxes (EBIT)		 -8.06 1.14 -1.38 -4.06 0.18 -0.79 3.29 3.91 0.87 -24 0.00
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -7.38 1.86 -0.66 -3.36 0.89 -0.08 5.65 6.31 3.25 -21 2.32
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.00 2.56 3.11 2.22 2.67 4.01 2.84 3.00 2.15 1.70 1.96
Price to Tangible Book Value (P/TBV)		 1.02 2.61 3.18 2.26 2.72 4.07 2.88 3.04 2.18 1.72 1.98
Price to Revenue (P/Rev)		 0.36 0.91 1.12 0.81 0.97 1.85 1.31 1.44 1.07 0.78 0.94
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 86.59 57.89 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1.15% 1.73% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 1.00 3.13 3.89 2.70 3.78 6.31 4.08 4.25 2.85 2.48 3.05
Enterprise Value to Revenue (EV/Rev)		 0.36 0.82 1.02 0.71 0.82 1.65 1.13 1.25 0.88 0.54 0.68
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 192.78 55.18 30.45 20.17 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 74.08 46.40 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 112.60 74.39 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 14.58 15.80 13.32 10.74 405.08 0.00 0.00 0.00 13.15 10.19
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 20.68 27.15 51.21 8.14 0.00 0.00 0.00 0.00 33.92 17.57
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.20 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to Equity		 0.20 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 -0.15 -0.18 -0.18 -0.21 -0.21 -0.36 -0.35 -0.34 -0.39 -0.48 -0.47
Leverage Ratio		 1.61 1.64 1.61 1.55 1.59 1.51 1.52 1.42 1.39 1.37 1.37
Compound Leverage Factor		 1.61 1.64 1.61 1.55 1.59 1.51 1.52 1.42 1.39 1.37 1.37
Debt to Total Capital		 16.54% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 16.54% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 83.46% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Debt to EBITDA		 -0.47 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to EBITDA		 -0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to EBITDA		 -0.47 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 -0.64 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to NOPAT		 -0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to NOPAT		 -0.64 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Altman Z-Score		 -0.30 1.41 2.13 1.43 2.02 5.26 3.31 5.17 4.47 2.10 3.54
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 2.90 2.78 2.91 3.06 2.89 3.57 3.17 4.15 4.82 3.98 4.51
Quick Ratio		 1.19 1.34 1.38 1.51 1.49 1.99 1.56 2.20 2.56 2.43 2.91
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -12 42 27 11 40 -9.28 -14 -19 -38 1.87 36
Operating Cash Flow to CapEx		 1,411.19% 3,968.80% 442.11% 19,633.33% 16,220.43% -4,862.72% -4,738.71% -919.75% -420.00% 1,548.36% 318.09%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.51 1.56 1.69 1.81 1.82 1.69 1.68 1.74 1.70 1.57 1.47
Accounts Receivable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Inventory Turnover		 2.70 2.58 2.72 2.96 3.02 2.94 2.90 2.81 2.78 3.14 3.07
Fixed Asset Turnover		 0.00 24.76 25.77 26.89 28.74 30.41 33.31 34.90 36.29 39.35 36.87
Accounts Payable Turnover		 9.89 10.37 9.31 13.33 10.86 10.36 9.94 11.54 11.15 13.05 12.30
Days Sales Outstanding (DSO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Inventory Outstanding (DIO)		 134.94 141.57 134.34 123.19 120.98 123.98 125.85 129.80 131.23 116.30 118.71
Days Payable Outstanding (DPO)		 36.92 35.21 39.21 27.39 33.61 35.22 36.73 31.62 32.75 27.97 29.69
Cash Conversion Cycle (CCC)		 98.02 106.36 95.13 95.80 87.37 88.77 89.12 98.19 98.48 88.33 89.03
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 121 90 91 93 80 99 108 115 119 80 79
Invested Capital Turnover		 2.86 3.11 3.30 3.56 3.67 4.00 3.92 3.75 3.85 4.15 3.78
Increase / (Decrease) in Invested Capital		 6.44 -41 -28 -13 -40 8.56 16 22 38 -19 -29
Enterprise Value (EV)		 120 282 355 251 304 624 439 489 338 199 240
Market Capitalization		 120 315 388 288 357 700 512 561 409 288 331
Book Value per Share		 $1.26 $1.29 $1.30 $1.31 $1.34 $1.73 $1.66 $1.70 $1.71 $1.52 $1.50
Tangible Book Value per Share		 $1.24 $1.26 $1.27 $1.29 $1.31 $1.70 $1.63 $1.67 $1.69 $1.50 $1.48
Total Capital		 144 123 125 130 134 174 180 187 190 170 169
Total Debt		 24 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Long-Term Debt		 24 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt		 0.69 -33 -34 -37 -53 -75 -73 -72 -71 -90 -90
Capital Expenditures (CapEx)		 0.40 0.25 0.08 0.02 0.09 0.35 0.06 0.08 0.12 1.25 1.74
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 75 68 69 73 60 79 88 96 100 62 60
Debt-free Net Working Capital (DFNWC)		 98 101 103 109 113 154 161 168 171 152 150
Net Working Capital (NWC)		 98 101 103 109 113 154 161 168 171 152 150
Net Nonoperating Expense (NNE)		 2.50 -0.02 0.48 1.25 -0.11 0.09 -0.78 -1.01 -0.48 6.65 6.96
Net Nonoperating Obligations (NNO)		 0.69 -33 -34 -37 -53 -75 -73 -72 -71 -90 -90
Total Depreciation and Amortization (D&A)		 0.68 0.72 0.72 0.71 0.71 0.71 2.36 2.39 2.39 2.41 2.32
Debt-free, Cash-free Net Working Capital to Revenue		 22.31% 19.81% 19.91% 20.44% 16.24% 20.77% 22.56% 24.52% 26.06% 16.71% 16.95%
Debt-free Net Working Capital to Revenue		 29.19% 29.35% 29.58% 30.72% 30.73% 40.71% 41.26% 43.01% 44.71% 40.83% 42.61%
Net Working Capital to Revenue		 29.19% 29.35% 29.58% 30.72% 30.73% 40.71% 41.26% 43.01% 44.71% 40.83% 42.61%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.09) $0.01 ($0.01) ($0.04) $0.00 ($0.01) $0.03 $0.03 $0.01 ($0.21) $0.00
Adjusted Weighted Average Basic Shares Outstanding		 95.18M 94.52M 96.27M 99.08M 100.69M 100.25M 109.55M 110.99M 111.84M 111.21M 112.82M
Adjusted Diluted Earnings per Share		 ($0.09) $0.01 ($0.01) ($0.04) $0.00 ($0.01) $0.03 $0.03 $0.01 ($0.21) $0.00
Adjusted Weighted Average Diluted Shares Outstanding		 95.18M 94.52M 96.27M 99.08M 104.59M 100.25M 114.57M 114.04M 113.71M 111.21M 112.82M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 95.47M 95.89M 98.64M 100.08M 100.96M 108.91M 110.24M 111.27M 111.79M 112.47M 110.08M
Normalized Net Operating Profit after Tax (NOPAT)		 -5.34 0.86 -0.92 -2.83 0.05 -0.72 2.48 2.86 0.27 -17 -0.04
Normalized NOPAT Margin		 -6.20% 0.95% -1.07% -3.04% 0.05% -0.72% 2.55% 3.06% 0.30% -19.22% -0.05%
Pre Tax Income Margin		 -9.36% 1.27% -1.60% -4.37% 0.19% -0.79% 3.39% 4.19% 0.94% -26.76% 0.01%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Financials Breakdown Chart

Key Financial Trends

Honest Company’s latest quarter shows a sharp improvement in profitability and a strong liquidity position, but the multi-year trend still reflects a business that has struggled to generate consistent earnings and operating cash flow. In Q1 2026, revenue declined year over year, yet the company moved back close to breakeven and generated positive operating cash flow. That’s a notable step forward after the more volatile results seen in 2024 and 2025.

  • Positive: Q1 2026 operating cash flow was solid at $5.5 million, a big improvement from a cash burn in Q3 2025 and Q1 2025.
  • Positive: The company ended Q1 2026 with $90.4 million in cash and equivalents, giving it a healthy near-term liquidity cushion.
  • Positive: Q1 2026 gross profit was $33.3 million on $78.1 million of revenue, showing the business still has meaningful gross margin despite softer sales.
  • Positive: Net income improved to only a $42,000 loss in Q1 2026, essentially breakeven compared with much larger losses in prior periods.
  • Positive: Q3 2025 and Q2 2025 both showed that Honest can still produce profitable quarters, with Q2 2025 net income of $3.9 million and Q3 2025 net income of $0.8 million.
  • Neutral: Cash and equivalents rose from $53.4 million in Q3 2024 to $90.4 million in Q1 2026, but part of that change reflects quarter-to-quarter swings in working capital and financing activity.
  • Neutral: Total assets increased to $214.9 million in Q1 2026, while total equity stood at $169.1 million, indicating the balance sheet remains intact.
  • Neutral: Shares outstanding have gradually increased over time, which can dilute per-share results even when income improves.
  • Negative: Revenue fell to $78.1 million in Q1 2026 from $97.3 million in Q1 2025, showing weaker top-line momentum.
  • Negative: Operating income was still slightly negative in Q1 2026 at -$659,000, so the company has not yet achieved durable operating profitability.

Longer-term trend: Honest has made clear progress versus 2023, when several quarters posted large operating losses and negative operating cash flow. In 2024, results were mixed: some quarters were profitable, but others saw steep losses and volatile cash generation. By 2025 and into Q1 2026, the company showed better cost control and improved cash generation, though revenue growth remains inconsistent.

Bottom line: Honest looks financially more stable than it did a year ago, with a strong cash balance and improving cash flow. However, investors should still watch for sustained revenue growth and consistent operating profits before calling the turnaround complete.

07/24/26 02:02 PM ETAI Generated. May Contain Errors.

Honest Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Honest's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Honest's net income appears to be on a downward trend, with a most recent value of -$15.69 million in 2025, falling from -$31.08 million in 2019. The previous period was -$6.12 million in 2024. View Honest's forecast to see where analysts expect Honest to go next.

Honest's total operating income in 2025 was -$18.46 million, based on the following breakdown:
  • Total Gross Profit: $123.76 million
  • Total Operating Expenses: $142.22 million

Over the last 6 years, Honest's total revenue changed from $235.59 million in 2019 to $371.32 million in 2025, a change of 57.6%.

Honest's total liabilities were at $55.74 million at the end of 2025, a 23.7% decrease from 2024, and a 44.9% decrease since 2020.

In the past 5 years, Honest's cash and equivalents has ranged from $9.52 million in 2022 to $89.58 million in 2025, and is currently $89.58 million as of their latest financial filing in 2025.

Over the last 6 years, Honest's book value per share changed from 0.00 in 2019 to 1.52 in 2025, a change of 151.8%.


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Financial statements for NASDAQ:HNST last updated on 7/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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