• Hims & Hers Health average return on tangible equity for 2023 was -22.66, a 41.84% decline from 2022.
• Hims & Hers Health average return on tangible equity for 2022 was -38.96, a 51.26% decline from 2021.
• Hims & Hers Health average return on tangible equity for 2021 was -79.94, a 35.55% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.