The Honest Company (HNST) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and The Honest Company published the results on November 5, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison.

• The Honest Company stopped selling direct to consumers through Honest.com on December 31, 2025, exited sales to Canadian retailers, and licensed its apparel line to O5-MD, LLC and O5 North ULC from June 1, 2026, all under its Powering Honest Growth plan. Organic Revenue excludes those exited streams.
• Q3 2026 net income of $91.3 million includes an $89.4 million discrete income tax benefit from releasing the valuation allowance on The Honest Company's net deferred tax assets.

Source: The Honest Company Q3 2026 results, November 5, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How The Honest Company splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• The Honest Company's Wipes revenue was $38.6 million in Q3 2026, up 27% from $30.4 million in Q3 2025, 46% of total revenue.
• The Honest Company's Personal Care and Other revenue was $23.5 million in Q3 2026, up 17% from $20.0 million in Q3 2025, 28% of total revenue.
• The Honest Company's Diapers revenue was $17.2 million in Q3 2026, down 22% from $22.2 million in Q3 2025, 20% of total revenue.
• The Honest Company's Honest.com, Apparel and Canada revenue was $5.3 million in Q3 2026, down 73% from $20.0 million in Q3 2025, 6% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

In its Q3 2026 release, The Honest Company said:

“The Company is raising its full year 2026 financial outlook for Revenue, Organic Revenue growth, Adjusted Gross Margin and Adjusted EBITDA.”

“Revenue $322 million to $325 million”

“Our financial outlook reflects assumptions, including current tariff levels and our tariff mitigation measures, which are subject to change given the macroeconomic environment.”

Source: The Honest Company Q3 2026 release, Nov 5, 2026.

This is the company's own guidance as of Nov 5, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the HNST forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP revenue and diluted EPS, each as first reported in that quarter's release. Q1 2026 diluted EPS was reported as $(0.00), a net loss of $42 thousand.

We do not hold a confirmed date for The Honest Company's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Nov 5, 2026

The Honest Company reported Q3 2026 revenue of $84.6 million, down 8.6% from $92.6 million. Wipes were the largest category at $38.6 million, up from $30.4 million, followed by Personal Care and Other at $23.5 million (from $20.0 million) and Diapers at $17.2 million (from $22.2 million). Honest.com, Apparel and Canada, the streams the company is exiting, fell to $5.3 million from $20.0 million. (The Honest Company Form 10-Q, Q3 2026, Nov 5, 2026)

Honest attributed the $8.0 million decline to strategic exits under Powering Honest Growth and lower diaper revenue, partly offset by growth in wipes and personal care. Organic Revenue, which strips out apparel, Honest.com as a fulfillment center and Canada, rose 9.2% to $79.3 million. Honest.com produced no revenue in 2026, after making up 10% of revenue in Q3 2025; the company stopped selling direct to consumers on December 31, 2025. (The Honest Company Form 10-Q, Q3 2026, Nov 5, 2026; The Honest Company Q3 2026 release, Nov 5, 2026)

The $5.3 million of apparel revenue in Q3 2026 came from the partial liquidation of the remaining apparel inventory, with an equal $5.3 million in cost of revenue. Since June 1, 2026 O5-MD, LLC and O5 North ULC hold an exclusive license to sell Honest apparel, bath, bedding and footwear in the United States, Canada and Mexico, and Honest earns royalty revenue on their net sales through an initial term ending December 31, 2030. (The Honest Company Q3 2026 release, Nov 5, 2026; The Honest Company Form 10-Q, Q3 2026, Nov 5, 2026)

Three retailers carry most of Honest's sales. In 2025 Amazon accounted for approximately 39% of total revenue, Target 28% and Walmart 8%, each under its standard vendor agreement with no fixed term. Honest also reported distribution losses on certain diaper SKUs at two of its largest retail customers in 2024 and 2025. (The Honest Company Form 10-K, 2025, Feb 25, 2026)

Circana tracked channel consumption for Honest rose 1.3% in the 13 weeks ended September 27, 2026, against 2.1% growth for its comparative categories. Consumption of its wipes and personal care platforms rose 13.2%, against 3.3% for those categories. (The Honest Company Q3 2026 release, Nov 5, 2026)

The Honest Company's Q3 2026 diluted EPS of $0.81, against $0.01 a year earlier, came almost entirely from taxes. Income before taxes was $1.9 million; net income was $91.3 million because of an $89.4 million discrete income tax benefit from releasing substantially all of the valuation allowance on its deferred tax assets, which stood at $97.2 million at December 31, 2025. Honest cited three-year cumulative income before taxes and projected taxable income as the evidence for the release. (The Honest Company Q3 2026 release, Nov 5, 2026; The Honest Company Form 10-Q, Q3 2026, Nov 5, 2026)

Honest does not report an adjusted EPS figure. Its Underlying Adjusted Net Income was $3.1 million, up $2.3 million, and excludes Powering Honest Growth restructuring costs ($1.1 million in the quarter), the tax benefit and the apparel inventory liquidation. Underlying Adjusted EBITDA was $6.3 million, a 7.9% margin on Organic Revenue. (The Honest Company Q3 2026 release, Nov 5, 2026)

Diluted weighted average shares were 112,478,599 in Q3 2026, against 113,709,908 a year earlier. Over the first nine months of 2026 Honest repurchased approximately 7.2 million shares for $25.0 million at a weighted average price of $3.47, completing its prior program, and on October 30, 2026 its board approved a new program of up to $30 million. Stock-based compensation was $3.1 million in the quarter. (The Honest Company Q3 2026 release, Nov 5, 2026; The Honest Company Form 10-Q, Q3 2026, Nov 5, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

The Honest Company publishes a full-year outlook in its release and raised it with Q3 2026. It now expects 2026 revenue of $322 million to $325 million (previously $319 million to $325 million), Organic Revenue growth of 6% to 7% (previously 5% to 7%), Adjusted Gross Margin of 45.5% to 46.5% (previously mid 40%s) and Adjusted EBITDA of $25.0 million to $26.0 million (previously $23.0 million to $25.0 million). (The Honest Company Q3 2026 release, Nov 5, 2026)

Honest gives no outlook for GAAP gross margin or net income, and says the outlook assumes current tariff levels and its tariff mitigation measures. (The Honest Company Q3 2026 release, Nov 5, 2026)

A consensus figure is the average of the models published by the analysts who cover The Honest Company, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones The Honest Company's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning HNST is on is HNST a buy or a sell?, what analysts expect next is on the HNST forecast, and what the company does is on the The Honest Company (HNST) stock page.

Every number on this page can be traced to a document The Honest Company published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.