Hinge Health, Inc.

EDGAR

Annual consolidated revenue for 2025: about USD 587.9M, using the latest reported figures. The previous period, 2024, was about USD 390.4M.

Watchlist

Latest quarter

Revenue

213 million USD

2026 Q2 · USD

Exact inputs and evidence

Operating margin

19%

2026 Q2 · %

Exact inputs and evidence
  • Operating Income: 40440000 USD Source
  • Revenue: 212817000 USD Source

Operating cash flow

101 million USD

2026 Q2 · USD

Exact inputs and evidence
  • Operating Cash Flow: 144496000 USD Source
  • Operating Cash Flow: 43083000 USD Source

Free cash flow

101 million USD

2026 Q2 · USD

Exact inputs and evidence
  • Operating Cash Flow: 144496000 USD Source
  • Operating Cash Flow: 43083000 USD Source
  • Capital Expenditure: 206000 USD Source
  • Capital Expenditure: 83000 USD Source
Cash and cash equivalents
286 million USD Source
Exact value

286224000 USD

Long-term debt including current maturities
Not available
Shares outstanding
0 shares Source
Exact value

0 shares

Reported share-count change

-100.00% · -16.4 million shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence
  • 16379906 shares · 2024-12-31· Source
  • 0 shares · 2025-12-31· Source

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Revenue

720 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Revenue: 154211000 USD · 2025-07-01 – 2025-09-30 Source
  • Revenue: 587860000 USD · 2025-01-01 – 2025-12-31 Source
  • Revenue: 417134000 USD · 2025-01-01 – 2025-09-30 Source
  • Revenue: 182307000 USD · 2026-01-01 – 2026-03-31 Source
  • Revenue: 212817000 USD · 2026-04-01 – 2026-06-30 Source

Net income

109 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Net income: -1844000 USD · 2025-07-01 – 2025-09-30 Source
  • Net income: -528261000 USD · 2025-01-01 – 2025-12-31 Source
  • Net income: -560356000 USD · 2025-01-01 – 2025-09-30 Source
  • Net income: 35128000 USD · 2026-01-01 – 2026-03-31 Source
  • Net income: 43690000 USD · 2026-04-01 – 2026-06-30 Source

Operating cash flow

291 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Operating cash flow: 107548000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: 25150000 USD · 2025-01-01 – 2025-06-30 Source
  • Operating cash flow: 171441000 USD · 2025-01-01 – 2025-12-31 Source
  • Operating cash flow: 107548000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: 43083000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: 144496000 USD · 2026-01-01 – 2026-06-30 Source
  • Operating cash flow: 43083000 USD · 2026-01-01 – 2026-03-31 Source

Capital expenditure

666 thousand USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Capital expenditure: 300000 USD · 2025-01-01 – 2025-09-30 Source
  • Capital expenditure: 248000 USD · 2025-01-01 – 2025-06-30 Source
  • Capital expenditure: 708000 USD · 2025-01-01 – 2025-12-31 Source
  • Capital expenditure: 300000 USD · 2025-01-01 – 2025-09-30 Source
  • Capital expenditure: 83000 USD · 2026-01-01 – 2026-03-31 Source
  • Capital expenditure: 206000 USD · 2026-01-01 – 2026-06-30 Source
  • Capital expenditure: 83000 USD · 2026-01-01 – 2026-03-31 Source

Free cash flow

290 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Operating cash flow: 107548000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: 25150000 USD · 2025-01-01 – 2025-06-30 Source
  • Operating cash flow: 171441000 USD · 2025-01-01 – 2025-12-31 Source
  • Operating cash flow: 107548000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: 43083000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: 144496000 USD · 2026-01-01 – 2026-06-30 Source
  • Operating cash flow: 43083000 USD · 2026-01-01 – 2026-03-31 Source
  • Capital expenditure: 300000 USD · 2025-01-01 – 2025-09-30 Source
  • Capital expenditure: 248000 USD · 2025-01-01 – 2025-06-30 Source
  • Capital expenditure: 708000 USD · 2025-01-01 – 2025-12-31 Source
  • Capital expenditure: 300000 USD · 2025-01-01 – 2025-09-30 Source
  • Capital expenditure: 83000 USD · 2026-01-01 – 2026-03-31 Source
  • Capital expenditure: 206000 USD · 2026-01-01 – 2026-06-30 Source
  • Capital expenditure: 83000 USD · 2026-01-01 – 2026-03-31 Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-08-06.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 3 of 11 periods available· newest 2025-12-31
  • Operating income: 3 of 11 periods available· newest 2025-12-31
  • Net income: 3 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 3 of 11 periods available· newest 2025-12-31
  • Capital expenditure: 3 of 11 periods available· newest 2025-12-31
  • Total assets: 2 of 11 periods available· newest 2025-12-31
  • Total liabilities: 2 of 11 periods available· newest 2025-12-31
  • Current assets: 2 of 11 periods available· newest 2025-12-31
  • Current liabilities: 2 of 11 periods available· newest 2025-12-31
  • Cash and cash equivalents: 3 of 11 periods available· newest 2025-12-31
  • long term debt: No compatible figures in this window
  • Shares outstanding: 2 of 11 periods available· newest 2025-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    +50.6%

    Prior period

    USD 390.4 million

    –

    Current period

    USD 587.86 million

    –

    Exact inputs and evidence

    587860000 − 390404000 = 197456000 USD

    390404000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    587860000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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  • Net income

    −USD 516.33 million

    Prior period

    −USD 11.93 million

    –

    Current period

    −USD 528.26 million

    –

    Exact inputs and evidence

    -528261000 − -11933000 = -516328000 USD

    -11933000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    -528261000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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  • Operating cash flow

    +249.9%

    Prior period

    USD 49 million

    –

    Current period

    USD 171.44 million

    –

    Exact inputs and evidence

    171441000 − 49002000 = 122439000 USD

    49002000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    171441000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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  • Capital expenditure

    -31.9%

    Prior period

    USD 1.04 million

    –

    Current period

    USD 708,000

    –

    Exact inputs and evidence

    708000 − 1039000 = -331000 USD

    1039000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    708000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue USD 587.86 million 100% of revenue
  • Cost of revenue USD 119.64 million 20% of revenue
  • Operating expenses USD 1.01 billion 173% of revenue
  • Operating income −USD 546.37 million −93% of revenue
  • Tax, interest and other Derived −USD 18.11 million −3.1% of revenue
  • Net income −USD 528.26 million −90% of revenue

Cash

  • Operating cash flow USD 171.44 million 29% of revenue
  • Capital expenditure USD 708,000 0.1% of revenue
  • Free cash flow Derived USD 170.73 million 29% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2023 Operating loss: operating costs were 145% of revenue.
  • 2024 Operating loss: operating costs were 108% of revenue.
  • 2025 Operating loss: operating costs were 193% of revenue.
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2023 2023-01-01 – 2023-12-31292730000 423244000 Derived -130514000 -22373000 Derived -108141000 -65885000 Derived
Source
2024 2024-01-01 – 2024-12-31390404000 422314000 Derived -31910000 -19977000 Derived -11933000 47963000 Derived
Source
2025 2025-01-01 – 2025-12-31587860000 1134231000 Derived -546371000 -18110000 Derived -528261000 170733000 Derived
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 587.9M 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.634.9M476.2M317.4M158.7M0.0202320242025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2023Revenue292730000
2024Revenue390404000
2025Revenue587860000

Revenue growth

Change in revenue from the same financial period one year earlier.

50.6% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.55%41%27%14%0%202320242025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2023Year over yearNo prior comparable period
2024Year over year33.4%
2025Year over year50.6%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin -92.9% 2025
Net margin -89.9% 2025
Free cash flow margin 29% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.39%3%-32%-67%-103%202320242025
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2023Operating margin-44.6%
2024Operating margin-8.2%
2025Operating margin-92.9%
2023Net margin-36.9%
2024Net margin-3.1%
2025Net margin-89.9%
2023Free cash flow margin-22.5%
2024Free cash flow margin12.3%
2025Free cash flow margin29%

Operating cash flow

Cash generated by the company’s normal business operations.

USD 171.4M 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.190.3M122.0M53.8M-14.5M-82.7M202320242025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2023Operating cash flow-63909000
2024Operating cash flow49002000
2025Operating cash flow171441000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD 170.7M 2025
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.189.7M121.0M52.4M-16.2M-84.8M202320242025
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2023Free cash flow-65885000
2024Free cash flow47963000
2025Free cash flow170733000

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

49.2% 2025
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.53%40%27%13%0%2023-12-3120242025
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2023-12-31Liabilities / assetsNot reportedNo source recorded
2024Liabilities / assets38.1%
2025Liabilities / assets49.2%

Current assets to current liabilities

Current assets divided by current liabilities.

1.47× 2025
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.2.53×1.90×1.26×0.63×0.00×2023-12-3120242025
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2023-12-31Current assets / current liabilitiesNot reportedNo source recorded
2024Current assets / current liabilities2.34×
2025Current assets / current liabilities1.47×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2023 2023-01-01 – 2023-12-31
−USD 108.14 million
Exact value

Exact value: -108141000 USD

2023-01-01 – 2023-12-31: -108141000 USD Inspect Net Income Open source
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−USD 63.91 million
Exact value

Exact value: -63909000 USD

2023-01-01 – 2023-12-31: -63909000 USD Inspect Operating Cash Flow Open source
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USD 1.98 million
Exact value

Exact value: 1976000 USD

2023-01-01 – 2023-12-31: 1976000 USD Inspect Capital Expenditure Open source
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−USD 65.89 million
Calculation and evidence

-63909000 − 1976000 USD

Exact free cash flow: -65885000 USD

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2024 2024-01-01 – 2024-12-31
−USD 11.93 million
Exact value

Exact value: -11933000 USD

2024-01-01 – 2024-12-31: -11933000 USD Inspect Net Income Open source
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USD 49 million
Exact value

Exact value: 49002000 USD

2024-01-01 – 2024-12-31: 49002000 USD Inspect Operating Cash Flow Open source
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USD 1.04 million
Exact value

Exact value: 1039000 USD

2024-01-01 – 2024-12-31: 1039000 USD Inspect Capital Expenditure Open source
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USD 47.96 million
Calculation and evidence

49002000 − 1039000 USD

Exact free cash flow: 47963000 USD

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2025 2025-01-01 – 2025-12-31
−USD 528.26 million
Exact value

Exact value: -528261000 USD

2025-01-01 – 2025-12-31: -528261000 USD Inspect Net Income Open source
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USD 171.44 million
Exact value

Exact value: 171441000 USD

2025-01-01 – 2025-12-31: 171441000 USD Inspect Operating Cash Flow Open source
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USD 708,000
Exact value

Exact value: 708000 USD

2025-01-01 – 2025-12-31: 708000 USD Inspect Capital Expenditure Open source
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USD 170.73 million
Calculation and evidence

171441000 − 708000 USD

Exact free cash flow: 170733000 USD

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Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

8 filings · 718 latest values · 718 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0001673743, 1673743, HNGE, edgar:1673743

Also known as Hinge Health, Inc.