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J. Edward Moreno

Hims discloses SEC probe as its legal woes mount

Hims & Hers said that it is under investigation by the Securities and Exchange Commission, adding another legal challenge for the telehealth company.

The SEC requested that it preserve records related to its compounded GLP-1 treatments, Hims disclosed in a regulatory filing on Monday. The news came after the company reported earnings results and gave soft full-year guidance.

Shares extended losses to down more than 8% in postmarket trading after the 10-K, which detailed this probe, was released.

Hims is already facing a patent infringement lawsuit from Novo Nordisk and a potential probe from the Department of Justice. Both arose after Hims released (and then discontinued) a copy of Novo’s Wegovy pill.

From the company’s 10-K filing:

“In February 2026, the Company received a letter from the staff of the Securities and Exchange Commission, Division of Enforcement, notifying the Company that it had opened an investigation and requesting that the Company preserve certain documents and information concerning the Company’s public statements and disclosures regarding compounded semaglutide and related business relationships (the ‘SEC Investigation’). The Company is cooperating with the SEC Investigation but is unable to predict when or how this matter will be concluded. Therefore, the financial impact of the SEC Investigation cannot be predicted at this time.”

Hims reports Q4 earnings beat, revenue miss

Hims reports Q4 earnings beat, revenue miss

Hims is already facing a patent infringement lawsuit from Novo Nordisk and a potential probe from the Department of Justice. Both arose after Hims released (and then discontinued) a copy of Novo’s Wegovy pill.

From the company’s 10-K filing:

“In February 2026, the Company received a letter from the staff of the Securities and Exchange Commission, Division of Enforcement, notifying the Company that it had opened an investigation and requesting that the Company preserve certain documents and information concerning the Company’s public statements and disclosures regarding compounded semaglutide and related business relationships (the ‘SEC Investigation’). The Company is cooperating with the SEC Investigation but is unable to predict when or how this matter will be concluded. Therefore, the financial impact of the SEC Investigation cannot be predicted at this time.”

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Nike sinks to lowest level since 2014 after warning of “challenged” sales environment in Q4 report

Did Nike do it?

Investors had a mixed reaction after the global sports apparel company reported its fourth quarter earnings on Tuesday after the bell. Shares initially rose 5% as Nike beat out Wall Street expectations amid a hefty tariff refund bonus. However, the stock then sank to its lowest level since August 2014 in postmarket trading.

Here are the Q4 numbers:

  • Revenue of $11.0 billion (estimate: $10.8 billion).

  • Adjusted earnings per share of $0.20 (estimate: $0.12).

Ahead of this report, Nike warned that results would be flattered by a one-time tariff refund (now estimated at roughly $0.52 per share for the bottom line). That gave the company an extra cushion in snapping its streak of seven quarters of year-over-year profit declines.

Over the past year, the company had been punished by tariffs on imported goods, stagnant consumer spending, and increasing competition from other footwear brands like New Balance, Adidas, and Hoka.

Outgoing CFO Matthew Friend deemed it an “increasingly challenging operating environment, where sell-through remains challenged.”

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