The Honest Company Reports First Quarter 2026 Results

Delivers Accelerated Revenue Growth, Led by Wipes & Personal Care  Achieves Record Gross Margins, Fueled by Powering Honest Growth Reaffirms Full Year 2026 Financial Outlook LOS ANGELES, May 06, 2026 (GLOBE NEWSWIRE) -- The Honest Company (NASDAQ: HNST), a personal care company dedicated to creating cleanly-formulated and sustainably-designed products for everyone from babies to adults, today reported financial results for the three months ended March 31, 2026. First Quarter 2026 Financial Highlights Compared to Prior Year Period: Revenue of $78.1 million decreased 19.7%; Organic Revenue (excluding Powering Honest Growth exits)(1) increased 3.9% Gross margin of 42.6% increased 390 basis points; Adjusted Gross Margin(1) of 43.5% increased 480 basis points Net loss of less than $0.1 million; Adjusted Net Income(1) was $1.3 million Adjusted EBITDA(1) of $4.0 million decreased $3.0 million Cash and cash equivalents of $90.4 million increased $17.5 million “We are pleased with our first quarter results, demonstrating that Powering Honest Growth is successfully transforming Honest into an enterprise that is more strategically focused, growth-driven, and structurally profitable,” said Chief Executive Officer, Carla Vernón.