NYSE : HNGE
Hinge Health, Inc. — Financial statements
Healthcare · Health Information Services · United States
Last price 116.9 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 9.43B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Hinge Health, Inc. (HNGE) reported revenue of 720.06M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Revenue | 720.06M | 587.86M | 390.40M | 292.73M |
| Cost of Revenue | 111.32M | 118.56M | 89.81M | 98.55M |
| Gross Profit | 608.75M | 469.30M | 300.59M | 194.18M |
| Selling, General & Admin | 385.67M | 646.46M | 230.97M | 214.63M |
| Research & Development | 129.07M | 368.14M | 100.84M | 110.06M |
| Other Operating Expenses | 337.00K | 1.08M | ||
| Operating Expenses | 515.07M | 1.02B | 331.81M | 324.69M |
| Operating Income | 93.67M | -546.37M | -31.22M | -130.51M |
| Interest & Investment Income | 17.08M | 18.68M | 20.57M | 21.70M |
| Other Non Operating Income (Expenses) | 196.00K | 425.00K | 82.00K | 266.00K |
| EBT Excluding Unusual Items | 110.95M | -527.26M | -10.56M | -108.55M |
| Merger & Restructuring Charges | -691.00K | |||
| Pretax Income | 110.95M | -527.26M | -11.26M | -108.55M |
| Income Tax Expense | 1.88M | 998.00K | 677.00K | -405.00K |
| Net Income | 109.07M | -528.26M | -11.93M | -108.14M |
| Preferred Dividends & Other Adjustments | 1.78M | -104.17M | ||
| Net Income to Common | 107.28M | -424.09M | -11.93M | -108.14M |
| Shares Outstanding (Basic) | 78.88M | 54.58M | 13.56M | 13.02M |
| Shares Outstanding (Diluted) | 80.65M | 54.58M | 13.56M | 13.02M |
| EPS (Basic) | 1.36 | -7.77 | -0.88 | -8.31 |
| EPS (Diluted) | 1.34 | -7.77 | -0.88 | -8.31 |
| Free Cash Flow | 290.12M | 170.73M | 47.96M | -65.89M |
| Free Cash Flow Per Share | 3.60 | 3.13 | 3.54 | -5.06 |
| Gross Margin | 84.54% | 79.83% | 77.00% | 66.33% |
| Operating Margin | 13.01% | -92.94% | -8.00% | -44.59% |
| Profit Margin | 14.90% | -72.14% | -3.06% | -36.94% |
| Free Cash Flow Margin | 40.29% | 29.04% | 12.29% | -22.51% |
| EBITDA | 95.69M | -544.24M | -28.87M | -128.39M |
| EBITDA Margin | 13.29% | -92.58% | -7.40% | -43.86% |
| D&A For EBITDA | 2.02M | 2.13M | 2.35M | 2.13M |
| EBIT | 93.67M | -546.37M | -31.22M | -130.51M |
| EBIT Margin | 13.01% | -92.94% | -8.00% | -44.59% |
| Advertising Expenses | 53.60M | 37.30M | 23.80M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Cash & Equivalents | 286.22M | 208.00M | 300.79M | 234.95M |
| Short-Term Investments | 103.17M | 155.87M | 165.79M | 188.40M |
| Cash & Short-Term Investments | 389.39M | 363.86M | 466.57M | 423.36M |
| Receivables | 125.43M | 66.06M | 42.49M | 46.56M |
| Inventory | 16.77M | 15.64M | 10.87M | 13.29M |
| Prepaid Expenses | 35.38M | 30.93M | 23.91M | 14.36M |
| Other Current Assets | 76.38M | 57.41M | 39.59M | 32.31M |
| Total Current Assets | 643.35M | 533.90M | 583.45M | 529.88M |
| Property, Plant & Equipment | 17.77M | 17.35M | 16.99M | 22.48M |
| Long-Term Investments | 84.74M | 113.17M | ||
| Goodwill | 64.10M | 64.10M | 61.61M | 61.61M |
| Other Intangible Assets | 2.06M | 2.51M | 1.81M | 2.19M |
| Long-Term Deferred Tax Assets | 1.00M | 1.06M | 473.00K | |
| Long-Term Deferred Charges | 11.34M | 9.65M | 5.46M | 1.92M |
| Other Long-Term Assets | 4.03M | 3.08M | 2.89M | 3.99M |
| Total Assets | 827.40M | 744.76M | 673.26M | 622.53M |
| Accrued Expenses | 43.99M | 44.87M | 23.32M | 25.67M |
| Current Portion of Leases | 4.25M | 4.22M | 3.81M | 4.64M |
| Current Income Taxes Payable | 9.08M | 6.17M | 2.12M | 8.20M |
| Current Unearned Revenue | 416.47M | 300.86M | 217.63M | 140.47M |
| Other Current Liabilities | 7.65M | 6.29M | 2.41M | 5.17M |
| Total Current Liabilities | 481.44M | 362.41M | 249.30M | 184.16M |
| Long-Term Leases | 1.63M | 3.82M | 7.26M | 11.10M |
| Total Liabilities | 483.07M | 366.23M | 256.56M | 195.25M |
| Additional Paid-In Capital | 1.32B | 1.23B | 88.10M | 86.75M |
| Retained Earnings | -972.18M | -1.05B | -522.74M | -510.80M |
| Comprehensive Income & Other | -364.00K | -20.00K | 68.00K | 60.00K |
| Total Common Equity | 344.33M | 178.66M | -434.57M | -423.99M |
| Shareholders' Equity | 344.33M | 378.54M | 416.70M | 427.28M |
| Total Liabilities & Equity | 827.40M | 744.76M | 673.26M | 622.53M |
| Total Debt | 5.88M | 8.04M | 11.07M | 15.73M |
| Net Cash (Debt) | 468.25M | 469.00M | 455.50M | 407.62M |
| Net Cash Per Share | 5.81 | 8.59 | 33.60 | 31.31 |
| Filing Date Shares Outstanding | 80.69M | 78.76M | 16.38M | 15.96M |
| Total Common Shares Outstanding | 80.20M | 79.17M | 16.38M | 15.96M |
| Working Capital | 161.91M | 171.50M | 334.15M | 345.73M |
| Book Value Per Share | 4.29 | 2.26 | -26.53 | -26.57 |
| Tangible Book Value | 278.17M | 112.05M | -497.98M | -487.79M |
| Tangible Book Value Per Share | 3.47 | 1.42 | -30.40 | -30.57 |
| Machinery | 6.21M | 7.58M | 7.26M | 7.05M |
| Leasehold Improvements | 203.00K | 203.00K | 203.00K | 203.00K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Net Income | 109.07M | -528.26M | -11.93M | -108.14M |
| Depreciation & Amortization | 2.02M | 2.13M | 2.35M | 2.13M |
| Other Amortization | 64.79M | 49.67M | 33.51M | 23.84M |
| Loss (Gain) From Sale of Investments | 739.00K | 361.00K | 537.00K | -10.76M |
| Stock-Based Compensation | 82.80M | 643.01M | 739.00K | 1.65M |
| Provision & Write-off of Bad Debts | 1.89M | 3.06M | 5.41M | 4.86M |
| Other Operating Activities | 3.55M | 3.48M | 4.88M | 13.11M |
| Change in Accounts Receivable | -28.03M | -26.63M | -1.34M | -23.13M |
| Change in Inventory | -2.78M | -4.76M | 608.00K | 10.56M |
| Change in Accounts Payable | 25.00M | 29.41M | -10.97M | 11.56M |
| Change in Unearned Revenue | 141.33M | 83.22M | 77.16M | 35.97M |
| Change in Other Net Operating Assets | -109.60M | -83.25M | -51.95M | -25.56M |
| Operating Cash Flow | 290.79M | 171.44M | 49.00M | -63.91M |
| Capital Expenditures | -666.00K | -708.00K | -1.04M | -1.98M |
| Cash Acquisitions | -4.00M | |||
| Sale (Purchase) of Intangibles | -6.20M | -5.36M | -2.73M | -2.64M |
| Investment in Securities | -12.89M | -103.70M | 22.09M | 6.12M |
| Investing Cash Flow | -19.75M | -113.76M | 18.31M | 1.50M |
| Issuance of Common Stock | 17.23M | 265.20M | 610.00K | 492.00K |
| Repurchase of Common Stock | -239.28M | -360.26M | ||
| Other Financing Activities | -288.00K | -55.41M | -2.81M | -3.49M |
| Financing Cash Flow | -222.34M | -150.47M | -2.20M | -3.00M |
| Net Cash Flow | 48.69M | -92.79M | 65.11M | -65.41M |
| Free Cash Flow | 290.12M | 170.73M | 47.96M | -65.89M |
| Free Cash Flow Margin | 40.29% | 29.04% | 12.29% | -22.51% |
| Free Cash Flow Per Share | 3.60 | 3.13 | 3.54 | -5.06 |
| Levered Free Cash Flow | 299.65M | 406.80M | 68.94M | |
| Unlevered Free Cash Flow | 299.65M | 406.80M | 68.94M | |
| Cash Income Tax Paid | 2.71M | 1.56M | ||
| Change in Working Capital | 25.93M | -2.01M | 13.50M | 9.41M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Market Capitalization | 9.44B | 3.66B | ||
| Enterprise Value | 8.97B | 3.37B | ||
| Last Close Price | 114.32 | 46.45 | ||
| Forward PE | 45.30 | 30.32 | ||
| PS Ratio | 12.85 | 6.22 | ||
| PB Ratio | 26.63 | 9.66 | ||
| P/TBV Ratio | 33.26 | 32.63 | ||
| P/FCF Ratio | 31.89 | 21.42 | ||
| P/OCF Ratio | 31.82 | 21.33 | ||
| EV/Sales Ratio | 12.20 | 5.73 | ||
| EV/FCF Ratio | 30.27 | 19.74 | ||
| Debt / Equity Ratio | 0.02 | 0.02 | 0.03 | 0.04 |
| Debt / FCF Ratio | 0.02 | 0.05 | 0.23 | |
| Net Debt / Equity Ratio | -1.36 | -1.24 | -1.09 | -0.95 |
| Net Debt / EBITDA Ratio | -4.89 | 0.86 | 15.78 | 3.17 |
| Net Debt / FCF Ratio | -1.61 | -2.75 | -9.50 | 6.19 |
| Asset Turnover | 0.95 | 0.83 | 0.60 | |
| Inventory Turnover | 7.24 | 8.95 | 7.43 | |
| Quick Ratio | 1.07 | 1.19 | 2.04 | 2.55 |
| Current Ratio | 1.34 | 1.47 | 2.34 | 2.88 |
| Return on Equity (ROE) | 30.38% | -132.86% | -2.83% | |
| Return on Assets (ROA) | 7.70% | -48.16% | -3.01% | |
| Return on Capital Employed (ROCE) | 27.10% | -142.90% | -7.40% | -29.80% |
| Earnings Yield | 1.14% | -14.45% | ||
| FCF Yield | 3.14% | 4.67% | ||
| Buyback Yield / Dilution | -267.86% | -302.55% | -4.16% |