The Honest Company, Inc. (HNST) SEC Filings & Earnings Calls
EquiReason read 13 The Honest Company, Inc. SEC filings in the last 12 months. Latest: 8-K on 2026-08-05 — HNST Q2 2026: revenue $83.3M (-10.9% reported, +6.7% organic), gross margin 48.4% (+800bps), net income $10.7M vs $3.9M; raised FY2026 guidance..
Source: SEC EDGAR filings · figures as of 2026-06-30 · read by EquiReason
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Every filing, read
last 12 months · SECWhat happened, the numbers inside, guidance and risks. The original is one click away.
5 Aug 20268-K · 2.02HNST Q2 2026: revenue $83.3M (-10.9% reported, +6.7% organic), gross margin 48.4% (+800bps), net income $10.7M vs $3.9M; raised FY2026 guidance.earningsopen
Figures in the filing · each found in the filing text
| Revenue · Q2-2026 | $83M | -11% y/y |
| Organic Revenue · Q2-2026 | $80M | +7% y/y |
| Gross margin · Q2-2026 | 48.4% | |
| Underlying Adjusted Gross Margin · Q2-2026 | 43.8% | |
| Net income · Q2-2026 | $11M | |
| Underlying Adjusted EBITDA · Q2-2026 | $8M | |
| Underlying Adjusted EBITDA Margin · Q2-2026 | 9.8% | |
| Cash and cash equivalents · Q2-2026 | $106M | |
| Net cash provided by operating activities · H1-2026 | $38M | -1122% y/y |
Guidance
FY26 revenue raised to $319-325M from $306-312M; Organic Revenue growth 5-7% from 4-6%; Adjusted Gross Margin mid-40%s from low-40%s; Adjusted EBITDA $23-25M from $20-23M
Raised full-year guidance across revenue, organic growth, gross margin, and EBITDA; management confident in momentum.
Risks flagged
Revenue decline due to strategic exits and diaper category weakness; tariff exposure remains.
“Revenue decreased 10.9%... reflecting the impact of strategic exits... and diaper revenue declines... tariff refunds” · word for word
5 Aug 202610-QQ2 2026 earnings showed strong margin expansion and profitability improvement despite revenue decline from strategic exits.earningsopen
Figures in the filing · each found in the filing text
| Revenue · Q2-2026 | $83M | -11% y/y |
| Gross Profit · Q2-2026 | $40M | +7% y/y |
| Gross Margin · Q2-2026 | 48.4% | |
| Net Income · Q2-2026 | $11M | +176% y/y |
| Adjusted EBITDA · Q2-2026 | $14M | +90% y/y |
| Operating Cash Flow · H1-2026 | $38M | |
| Free Cash Flow · H1-2026 | $35M | |
| Organic Revenue · Q2-2026 | $80M | +7% y/y |
| Share Repurchase · H1-2026 | $19M |
Risks flagged
Tariff exposure on wipes product costs
“the fluctuation in tariff rates since 2025 and the ongoing uncertainty of those rates, has primarily impacted our wipes product costs” · word for word
Diaper category competitive pressure and price sensitivity
“Product offerings in the diaper category remain competitive and retailer decisions related to the sale or promotion of competitive diaper products has negatively impacted our diaper revenue in 2026” · word for word
Litigation with Butterblu
“Litigation related to our respective obligations under the Supplier Services Agreement, the termination of this Supplier Services Agreement, any disputes over the terms of the termination, and costs related to the apparel inventory we own have negatively impacted revenue and gross profit” · word for word
Restructuring execution risk
“We may incur other costs or cash expenditures not currently contemplated as a result of or in connection with Powering Honest Growth.” · word for word
18 Jun 20268-K · 1.01, 2.03The Honest Company entered into a 10-year lease agreement for new corporate headquarters in Playa Vista, CA, with total base rent obligation of approximately $33.4 million.open
Risks flagged
Long-term lease commitment increases fixed costs; relocation risk.
“10-year lease with escalating rent; relocation from current HQ.”
12 May 20268-K · 8.01Disclosed a material event under other events (litigation, recall, contract loss, or major announcement); filed financial statements and exhibits with this reportopen
Risks flagged
Litigation settlement removes uncertainty but imposes governance changes and potential fee payment.
“Derivative actions settled; company to enact governance reforms and not oppose fee award up to $1.195M.”
6 May 202610-QRevenue $78M (-20% y/y); Gross Profit $33M (-12% y/y); Gross Margin 42.6; Guidance: Powering Honest Growth expected to deliver $10-15M annualized benefits; restructuring costs $30-35M through Q1 2027open
Figures in the filing · each found in the filing text
| Revenue · Q1-2026 | $78M | -20% y/y |
| Gross Profit · Q1-2026 | $33M | -12% y/y |
| Gross Margin · Q1-2026 | 42.6% | |
| Net Income · Q1-2026 | $-42000.00 | |
| Adjusted EBITDA · Q1-2026 | $4M | -43% y/y |
| Organic Revenue · Q1-2026 | $78M | +4% y/y |
| Cash and Cash Equivalents · 2026-03-31 | $90M | |
| Operating Cash Flow · Q1-2026 | $6M | |
| Share Repurchase Amount · Q1-2026 | $3M |
Guidance
Powering Honest Growth expected to deliver $10-15M annualized benefits; restructuring costs $30-35M through Q1 2027
Company is restructuring to focus on higher-margin categories, expects margin expansion and cost savings, but revenue will be impacted by exits. Organic growth in core categories is positive.
Risks flagged
Tariff cost pressure on wipes
“the fluctuation in tariff rates since 2025 and the ongoing uncertainty of those rates, has primarily impacted our wipes product costs” · word for word
Diaper revenue decline from distribution losses
“we experienced distribution losses with two of our largest customers on certain diaper SKUs mainly related to these retailers' footprint changes for certain product categories overall and a shift to more exclusive non-gendered prints with one of these retailers, which has impacted our revenue since 2025, and we expect will continue to negatively impact our d” · word for word
Litigation with Butterblu
“The parties are in litigation, which is described in Note 7, 'Commitments and Contingencies,' ... Litigation related to our respective obligations under the Supplier Services Agreement, the termination of this Supplier Services Agreement, any disputes over the terms of the termination, and costs related to the apparel inventory we own have negatively impacte” · word for word
6 May 20268-K · 2.02Revenue $78M (-20% y/y); Organic Revenue $78M (+4% y/y); Gross Margin 42.6; Guidance: Full-year guidance reaffirmedearningsopen
Figures in the filing · each found in the filing text
| Revenue · Q1-2026 | $78M | -20% y/y |
| Organic Revenue · Q1-2026 | $78M | +4% y/y |
| Gross Margin · Q1-2026 | 42.6% | |
| Adjusted Gross Margin · Q1-2026 | 43.5% |
Guidance
Full-year guidance reaffirmed
Organic growth and margin improvement; full-year guidance reaffirmed.
Risks flagged
Revenue decline due to strategic exits; tariff cost pressure.
“Revenue down 19.7%; tariff costs mentioned.”
9 Apr 2026DEF 14AProxy statement for 2026 annual meeting; no material event disclosed.open
Figures in the filing · each found in the filing text
| Revenue · FY2025 | $371M | -2% y/y |
| Net loss · FY2025 | $-16M | |
| Adjusted EBITDA · FY2025 | $22M | -16% y/y |
| Gross margin · FY2025 | 33.3% | |
| Adjusted Gross Margin · FY2025 | 38.7% | |
| Organic Revenue · FY2025 | $294M | +5% y/y |
Risks flagged
Restructuring execution risk
“Restructuring-related costs $23,996 (2025) in connection with Powering Honest Growth.”
GAAP profitability pressure
“Net loss $(15,686) (2025) vs $(6,124) (2024) — loss more than doubled.”
6 Apr 20268-K · 1.01, 1.02, 2.03The Honest Company amended its credit agreement to extend maturity to 2029, modify borrowing base, and adjust interest rate margins. No borrowings outstanding; facility provides up to $35M revolving credit.open
Figures in the filing · each found in the filing text
| letters of credit outstanding · Q1-2026 | $2M |
Risks flagged
Credit facility includes financial covenants (minimum fixed charge coverage ratio, maximum leverage ratio) that could restrict operations if triggered.
“financial covenants related to a minimum total fixed charge coverage ratio and a maximum total leverage ratio” · word for word
25 Feb 202610-KWipes point of sale consumption growth 31; Baby personal care point of sale consumption growth 12; Diaper point of sale consumption growth -15open
Figures in the filing · each found in the filing text
| Wipes point of sale consumption growth · wipes · 52 weeks ended J | 31.0% | |
| Baby personal care point of sale consumption growth · baby personal care · 52 weeks ended J | 12.0% | |
| Diaper point of sale consumption growth · diapers · 52 weeks ended J | -15.0% | |
| Category wipes POS growth · wipes · 52 weeks ended J | 5.0% | |
| Category baby personal care POS growth · baby personal care · 52 weeks ended J | 3.0% | |
| Category diaper POS growth · diapers · 52 weeks ended J | -1.0% | |
| Amazon revenue concentration · retail · FY2025 | 39.0% | |
| Target revenue concentration · retail · FY2025 | 28.0% | |
| Walmart revenue concentration · retail · FY2025 | 8.0% |
25 Feb 20268-K · 2.02, 5.02Revenue $88M (-12% y/y); Organic Revenue $71M (+1% y/y); Gross margin 15.7; Guidance: Full year 2026 financial outlook in line with long-term algorithmearningsopen
Figures in the filing · each found in the filing text
| Revenue · Q4-2025 | $88M | -12% y/y |
| Organic Revenue · Q4-2025 | $71M | +1% y/y |
| Gross margin · Q4-2025 | 15.7% | |
| Adjusted Gross Margin · Q4-2025 | 38.3% | |
| Net loss · Q4-2025 | $-24M | |
| Adjusted Net Income · Q4-2025 | $400000.00 | |
| Adjusted EBITDA · Q4-2025 | $4M | -56% y/y |
| Cash and cash equivalents · 2025-12-31 | $90M | +19% y/y |
Guidance
Full year 2026 financial outlook in line with long-term algorithm
Management provided 2026 outlook in line with long-term algorithm; no specific numbers but tone positive.
5 Nov 202510-QThe Honest Company reported Q3 2025 revenue of $92.6M (-6.7% YoY) and net income of $0.8M, with gross margin contracting 140bps due to tariff costs.earningsopen
Figures in the filing · each found in the filing text
| Revenue · Q3-2025 | $93M | -7% y/y |
| Gross Profit · Q3-2025 | $34M | -10% y/y |
| Gross Margin · Q3-2025 | 37.3% | |
| Net Income · Q3-2025 | $758000.00 | +359% y/y |
| Adjusted EBITDA · Q3-2025 | $4M | -50% y/y |
| Cash and Equivalents · 2025-09-30 | $72M | |
| Organic Revenue · Q3-2025 | $73M | -5% y/y |
Risks flagged
Tariff cost pressure on gross margin
“Cost of revenue as a percentage of revenue increased by 140 basis points compared to the three months ended September 30, 2024.” · word for word
Diaper distribution losses and consumer behavior shift
“The decrease in retail revenue was driven by a decrease in diaper revenue of $7.5 million primarily related to distribution losses, lapping of certain retailer promotional events, changes in consumer shopping behavior” · word for word
Negative operating cash flow
“Net cash used in operating activities of $4.2 million for the nine months ended September 30, 2025” · word for word
5 Nov 20258-K · 2.02, 2.05Revenue $93M (-7% y/y); Organic Revenue $73M (-5% y/y); Gross margin 37.3; Guidance: Full year 2025 revenue and Adjusted EBITDA outlook loweredearningsopen
Figures in the filing · each found in the filing text
| Revenue · Q3-2025 | $93M | -7% y/y |
| Organic Revenue · Q3-2025 | $73M | -5% y/y |
| Gross margin · Q3-2025 | 37.3% | |
| Net income · Q3-2025 | $758000.00 | +359% y/y |
| Adjusted EBITDA · Q3-2025 | $4M | -50% y/y |
| Cash and cash equivalents · Q3-2025 | $71M | +34% y/y |
Guidance
Full year 2025 revenue and Adjusted EBITDA outlook lowered
Revenue guidance lowered due to softer demand; restructuring expected to improve profitability but near-term headwinds.
Risks flagged
Revenue decline and margin pressure from tariff costs and volume decline.
“decrease was primarily driven by a decline in sales volume and an increase in tariff costs” · word for word
Restructuring execution risk; exiting categories representing 22% of revenue.
“The revenue for product categories or channels we are exiting accounted for 22% and 21%, respectively, of revenue” · word for word
The Honest Company, Inc. — questions
- What did The Honest Company, Inc. file recently?
- 13 SEC filings in the last 12 months. Latest: 8-K on 2026-08-05 — HNST Q2 2026: revenue $83.3M (-10.9% reported, +6.7% organic), gross margin 48.4% (+800bps), net income $10.7M vs $3.9M; raised FY2026 guidance.
Every figure on this page comes from The Honest Company, Inc.'s own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.
How these figures are read: methodology · EquiReason.