Following HIMS' financial report release, its revenue and net profit turned negative, with on-chain prices once plunging 10% in a flash pin drop.
Hims & Hers released its third-quarter financial results today. The company’s quarterly revenue rose 49% year-over-year to $890 million, but its gross margin fell from 74% in the same period last year to 57%, while net income swung from a profit of $15.8 million to a loss of $33 million. It also lowered its profit guidance, cutting its full-year 2026 adjusted EBITDA forecast from the prior range of $275 million to $325 million to $257 million to $277 million, with the midpoint of the guidance dropping roughly 11%. Its full-year revenue guidance was narrowed to $3.13 billion to $3.15 billion.
According to TradingBeats, after the earnings release, the HIMS perpetual contract on Hyperliquid experienced a notable pin event. Around 05:08, the contract’s price dipped as low as $20.57, down roughly 10.4% from $22.95 before the announcement, before quickly rebounding to above $23 about half an hour later. As of press time, the contract was trading at around $22.14, down roughly 14.8% in the past 24 hours and still about 3.6% lower than pre-earnings levels. Its trading volume over the same period was around $11.43 million, with a nominal open interest of roughly $3.22 million.
By contrast, the Moderna contract rose roughly 5.9% to $271.66 over the same period. Moderna released its third-quarter net income of around $162 million on November 6, and raised its full-year revenue growth forecast from a cap of 10% to a range of 15% to 25%.
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Whales Accumulate 2,491 $BTC Worth $186M From BitGo and Binance
Whales are accumulating $BTC!
A newly created wallet, "bc1qga," withdrew 1,489 $BTC ($111.34M) from #BitGo just 40 minutes ago.
3 newly created wallets withdrew 1,002.86 $BTC ($75M) from #Binance over the past 24 hours.
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