A screenshot of Hims & Hers’ Super Bowl commercial (Sherwood News)

All eyes are on Hims’ weight-loss biz ahead of Monday earnings

The company’s stock, which is up more than 150% this year, has been on a wild ride.

8/1/25 10:58AM

Hims & Hers is set to report earnings after the bell on Monday, giving investors a peek at how its weight-loss business has held up amid a storm of controversy.

The company’s stock has been on a roller coaster this year, having now recovered its losses from a very public falling-out with pharmaceutical giant Novo Nordisk. On Monday, Hims investors will get clarity on how the company performed leading up to and in the weeks after that breakup.

Analysts are penciling in $551.7 million in revenue, which would be a 74% year-over-year increase, and earnings per share of $0.15.

Investors are eager for signs of how its weight-loss business is doing. Hims does not report revenue from weight-loss meds or other treatments as line items on its financial reports, though it did set an annual revenue goal of $725 million for its weight-loss business and tends to give some figures scattered in other materials or hints on its earnings call.

The earnings report will cover the months of April, May, and June. The company had to stop selling exact copies of Novo’s Ozempic and Wegovy on May 22, and its partnership with the drugmaker imploded on June 23.

Hims is still selling “personalized” versions of Novo’s blockbuster drugs, which is why the drugmaker abruptly cut off its deal to offer cash-pay versions of its name-brand drug on the telehealth platform. Novo also recently cut its guidance, citing competition from compounders like Hims, though its sales are also slumping among insured patients.

The Novo-Hims partnership was never seen as a significant revenue driver; it was relief from looming litigation risk from Novo and a nod toward the company’s long-term vision.

On Monday, analysts will likely ask how Hims plans to navigate its relationship with drugmakers moving forward.

Palantir tumbles after delivering spectacular results

Palantir’s exceptional earnings receive ugly reaction

The valuation agita hitting high-flying stocks overshadowed the AI and intelligence software company’s blowout quarterly update.

Matt Phillips5h

Luke Kawa5h

Fermi secures preliminary approval for a low-emissions natural gas plant to meet AI power demands

Power provider Fermi said it has received preliminary approval from the Texas Commission on Environmental Quality for the planned 6 gigawatts of natural gas generation that’s part of its “Project Matador” to meet the ever-growing power demands of the AI boom.

“At Fermi, our private grid model ensures that the growing demand for AI is met privately,” Fermi America CEO and cofounder Toby Neugebauer said.

Final approval is still subject to a formal meeting and public comment.

The initial gas generators are already en route to the campus, with plans to have these installed and online in 2026, Fermi said.

Microsoft CEO Satya Nadella recently remarked that “the ability to get the builds done fast enough close to power” is the biggest constraint he faces, just ahead of an announced deal with IREN to purchase power-secured cloud computing capacity.

Luke Kawa6h

The negative reaction after Palantir’s earnings is spreading to other volatile retail favorites

Palantir is the poster child for a richly valued, retail darling, megacap momentum stock. It’s going down on largely good news, and that’s cascading to hit smaller, volatile segments of the market also beloved by the retail community.

Fuel cell company Bloom Energy and no-revenues nuclear company Oklo are both off about 5% or more in early trading.
Neoclouds Nebius and CoreWeave are facing significant selling pressure.
The quantum space is getting rocked, with D-Wave Quantum, Rigetti, IonQ, and Quantum Computing all down between 3% and 5% as of 9:42 a.m. ET.
Other story stocks deep in the red include SoundHound AI, Rocket Lab, and Opendoor Technologies.

Goldman Sachs baskets that track retail favorites and nonprofitable tech stocks are down more than 2% and 3% as of 9:43 a.m. ET, respectively, while the Invesco S&P 500 High Beta ETF is also off more than 2%.

Long Island highway patrol officer using radar to check speed

Stocks are getting speed checked

A retail favorite failing to build momentum even when it “deserves” to, the most important part of the stock market being told it’s overheating, and the heads of banks warning of a broader pullback.

Luke Kawa8h

Tom Jones9h

Spotify notches another quarter of strong active user growth and improved profitability

Spotify shares are up 3.25% as of 6:45 a.m. ET as investors digest the streaming giant’s Q3 earnings, in which the company reported that it added more than 70 million monthly active users, posted revenues that were up 7% from last year, and improved profitability.

Total revenues climbed to €4.27 billion, or around $4.91 billion, for the quarter, while net income came in at €899 million ($1.03 billion), which translated into adjusted earnings per share of €3.28 — ahead of the ~€1.96 that analysts had expected, per FactSet figures cited by The Wall Street Journal. Spotify now counts a whopping 713 million monthly active users, including 281 million premium subscribers, compared to 640 million and 252 million, respectively, on the same quarter last year.

The boosted figures come on the back of a host of new features that the streaming platform’s introduced, such as “lossless listening,” playlist mixing controls, and direct messages. The company is now forecasting that its total monthly active users will climb to 745 million by the end of the fourth quarter.

With the latest gains today, Spotify is now up ~48% year to date, even as cofounder Daniel Ek announced in September that he’d be stepping down as CEO at the end of the year, almost 20 years on from the company’s inception.