Everyone in digital health wants to get to profitability. Hims has done it

(This sto­ry is from our new Health Tech newslet­ter. If you’d like to sign up, just click here.)

Dig­i­tal health com­pa­ny Hims & Hers has hit a mile­stone many in the in­dus­try have been work­ing to­ward.

On Mon­day, Hims post­ed its first-ever net in­come for Q4 2023 of $1.2 mil­lion, com­pared with a net loss of $10.9 mil­lion in the fourth quar­ter of 2022. The com­pa­ny, which pre­scribes and ships med­ica­tions for con­di­tions like hair loss and der­ma­tol­ogy to con­sumers and doesn’t take in­sur­ance, is one of the few of a gen­er­a­tion of star­tups that has reached that goal af­ter years of try­ing.

Unlock this article instantly by becoming a free subscriber.

You’ll get access to free articles each month, plus you can customize what newsletters get delivered to your inbox each week, including breaking news.