Today is Tuesday, May 12, 2026.

The Early Bird Index today is 88.32.

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Hims & Hers Health $HIMS ( ▲ 3.08% ) plunged 14.10% in after-hours trading on Monday after the telehealth company posted surprise financial results with a loss instead of earnings.

Financials: Hims & Hers reported a loss of 40 cents per share in the past quarter and revenue of $608 million. Both were lower than expected.

Powering the Story: It was rough for Hims & Hers in the quarter. While the number of subscribers grew, monthly revenue per average subscriber fell. There was also a decline in revenue driven by a decrease in U.S.-based revenue. The gross margin and adjusted EBITDA fell from the same period last year.

Early Bird’s Nest Egg Gains: Hims & Hers may still be growing users, but it is facing the harder part of scaling: turning that traffic into higher-value, higher-margin sales. 

Final Thoughts: Shares of Hims & Hers were already down about 12% this year.

Notable Earnings Today: On (NYSE: ONON), D-Wave Quantum (NYSE: QBTS), Oklo Inc. (NYSE: OKLO), First Majestic Silver (NYSE: AG), Tencent Music (NYSE: TME), Under Armour (NYSE: UAA), Karman Space and Defense (NYSE: KRMN), Franco-Nevada (NYSE: FNV), JD.com (Nasdaq: JD), Venture Global (NYSE: VG), eToro Group (Nasdaq: ETOR), Nextpower (Nasdaq: NXT), Andersen Group (NYSE: ANDG), Astronics (Nasdaq: ATRO), BETA Technologies (NYSE: BETA), Aramark (NYSE: ARMK), Arvinas (Nasdaq: ARVN), AudioEye (Nasdaq: AEYE),  B&G Foods (NYSE: BGS), Brightstar Lottery (NYSE: BRSL), Camtek (Nasdaq: CAMT), Cardinal Infrastructure Group Inc. (Nasdaq: CDNL), Ducommun (NYSE: DCO), Evolv Technologies (Nasdaq: EVLV), Janus International Group (NYSE: JBI), Kopin (Nasdaq: KOPN), Millicom International Cellular (Nasdaq: TIGO), OPTIMIZERx (Nasdaq: OPRX), Qnity Electronics (NYSE: Q), Ralliant Corporation (NYSE: RAL), Resideo Technologies (NYSE: REZI), Sea (NYSE: SE), SFL Corporation (NYSE: SFL), Vestis (NYSE: VSTS), Zebra Tech (Nasdaq: ZBRA).

Notable IPOs Today: VIDA Global Inc. (NYSE American: VIDA).

Notable Equity Crowdfunding Campaigns Ending Today: N/A.

Notable Economic Events Today: Consumer Price Index / Core CPI (8:30 a.m. ET), EIA Short-Term Energy Outlook (12:00 a.m. ET), Federal Budget Balance (2:00 p.m. ET), API Weekly Crude Oil Stock (4:30 p.m. ET).

GitLab $GTLB ( ▼ 1.31% ) fell 7.42% in after-hours trading on Monday after announcing plans to cut part of its workforce and to pivot to more artificial intelligence tools.

Quote: “The agentic era affords GitLab the largest opportunity in our history as a company, and we're making the structural and strategic decisions to meet it.” - CEO Bill Staples.

Final Thoughts: We’ve seen several desperate companies lay off staff in recent months in the name of AI. With its stock already down 29% this year, GitLab got very desperate.

AST SpaceMobile $ASTS ( ▲ 9.99% ) plummeted 10.16% in after-hours trading on Monday after posting bad financial results.

Financials: AST SpaceMobile reported a loss of 66 cents per share in the past quarter and revenue of $14.74 million. Both were lower than expected.

Final Thoughts: The stock was down about 16% in the past 30 days.

Bitcoin for Dividends: 'A big nothing burger': A Q&A with Strategy's Michael Saylor on selling bitcoin (CoinDesk)

Biggest Since February: Solana ETF inflows show demand returning as traders eye SOL rally to $120 (Cointelegraph)

Pumping the Brakes: GM cutting hundreds of salaried IT workers as it trims costs, evaluates needs (CNBC)

Warning (Again): 'The market has jumped the shark': Michael Burry says stocks may finally be at the precipice of a major reversal (Business Insider)

Complicated Housing Market: U.S. home sales flatline in April amid another slow spring homebuying season (Fast Company)

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_{The contents of Early Bird are intended for informational and entertainment purposes only. They do not constitute trade or investment recommendations, and they are not financial or legal advice. Readers are encouraged to consult licensed professionals for personalized guidance regarding their financial or legal situations.}