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Friday 6 November 2026
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Hinge Health Inc.
HNGE Healthcare Health Information Services
Hinge Health Inc.’s revenue for fiscal 2025 (year ended December 2025) was $587.9 million, up 50.6% from fiscal 2024.
- Revenue
- +53.0%
- EPS
- +104.2%
- Free cash flow
- +441.1%
Quarter to June 2026, against a year earlier
113.87
2.11
−1.82%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | — | — | — | — | — | 293 | 390 | 588 | 720 | +41.7% | 861 | 1,088 | 1,351 | +32.0% | |
| Gross margin, % | — | — | — | — | — | — | — | 66.33 | 76.82 | 79.65 | 84.49 | +13.3 pt | ||||||
| EBT | — | — | — | — | — | — | — | (109) | (11) | (527) | 111 | +120.4% | ||||||
| EBT margin, % | — | — | — | — | — | — | — | (37.08) | (2.88) | (89.69) | 15.41 | (52.6) pt | ||||||
| Net income | — | — | — | — | — | — | — | (108) | (12) | (528) | 109 | +121.0% | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | — | — | — | — | — | 22.49 | 28.80 | 10.77 | 9.12 | (30.8%) | |||||
| Earnings | — | — | — | — | — | — | — | (8.31) | (0.88) | (7.77) | 1.35 | (3.3%) | ||||||
| Cash flow | — | — | — | — | — | — | — | (4.91) | 3.61 | 3.14 | 3.68 | n/m | ||||||
| Capex | — | — | — | — | — | — | — | (0.35) | (0.28) | (0.11) | (0.09) | (44.0%) | ||||||
| Free cash flow | — | — | — | — | — | — | — | (5.26) | 3.34 | 3.03 | 3.60 | n/m | ||||||
| Book value | — | — | — | — | — | — | — | (32.57) | (32.05) | 3.27 | 4.36 | n/m | ||||||
| Shares, m | — | — | — | — | — | — | — | 13 | 14 | 55 | 73 | +104.8% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 86.07 | 0.0 | |||||
| P/S | — | — | — | — | — | — | — | 0.00 | 0.00 | 4.31 | 12.74 | 1.4 | ||||||
| P/B | — | — | — | — | — | — | — | 0.00 | 0.00 | 14.19 | 26.65 | 4.7 | ||||||
| EV/Sales | — | — | — | — | — | — | — | 0.00 | 0.00 | 3.69 | 12.20 | 1.2 | ||||||
| EV/FCF | — | — | — | — | — | — | — | 2.07 | 2.07 | 13.13 | 30.95 | 5.8 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | — | — | — | (64) | 49 | 171 | 291 | n/m | |||||
| Capex | — | — | — | — | — | — | — | (5) | (4) | (6) | (7) | +14.6% | ||||||
| Free cash flow | — | — | — | — | — | — | — | (69) | 45 | 165 | 284 | n/m | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | — | — | — | — | — | 346 | 334 | 171 | 162 | (29.6%) | |||||
| Net debt | — | — | — | — | — | — | — | (423) | (467) | (364) | (389) | (7.3%) | ||||||
| Shareholders’ equity | — | — | — | — | — | — | — | (424) | (435) | 179 | 344 | n/m | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | — | — | — | — | — | 0.00 | (1.84) | (59.81) | 14.12 | (59.8) pt | |||||
| ROIC | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.0 pt | ||||||
| ROE | — | — | — | — | — | — | — | 0.00 | 2.78 | 331.44 | 41.44 | +331.4 pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | — | — | — | — | 1,514 | 1,437 | — | (5.1%) | |||||
| Revenue/emp, $m | — | — | — | — | — | — | — | 0.00 | 0.26 | 0.41 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 25 Oct 2026
Business profile
Hinge Health Inc. vs peers in Health Information Services (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| BTSG BrightSpring Health Services, Inc. | $13.1B | 33.0× | 41.2× | +26.37% (above 0%: growing) | +77.78% (above 0%: growing) | +97.70% (above 0%: growing) | 12.31% | 3.81% | Compare |
| TEM Tempus AI, Inc. | $12.9B | — (loss-making) | — (loss-making) | +23.14% (above 0%: growing) | n/m | +95.67% (above 0%: growing) | 64.81% | (13.82%) | Compare |
| HNGE Hinge Health Inc. | $9.4B | 86.1× | 56.0× | +53.00% (above 0%: growing) | n/m | +441.14% (above 0%: growing) | 86.44% | 19.00% | |
| HQY HealthEquity, Inc. | $8.6B | 36.9× | 34.8× | +7.64% (above 0%: growing) | +14.49% (above 0%: growing) | −3.44% (below 0%: shrinking) | 73.55% | 28.14% | Compare |
| DOCS Doximity, Inc. | $5.9B | 44.4× | 49.7× | +3.57% (above 0%: growing) | −42.42% (below 0%: shrinking) | +1.87% (above 0%: growing) | 85.48% | 25.16% | Compare |
| WAY Waystar Holding Corp. | $5.6B | 40.9× | 31.9× | +21.21% (above 0%: growing) | −10.22% (below 0%: shrinking) | +23.36% (above 0%: growing) | 69.53% | 18.81% | Compare |
| HTFL Heartflow, Inc. | $4.5B | — (loss-making) | — (loss-making) | +47.57% (above 0%: growing) | n/m | +62.62% (above 0%: growing) | 83.00% | (27.93%) | Compare |
| PRVA Privia Health Group, Inc. | $3.1B | 88.3× | 83.4× | +13.19% (above 0%: growing) | +83.33% (above 0%: growing) | −44.35% (below 0%: shrinking) | 0.00% | 3.13% | Compare |
| SDGR Schrodinger, Inc. | $2.2B | — (loss-making) | — (loss-making) | +18.72% (above 0%: growing) | n/m | +21.64% (above 0%: growing) | 59.32% | (40.52%) | Compare |
| Median of peers | $5.7B | 40.9× | 41.2× | +19.97% | +14.49% | +22.50% | 67.17% | 3.47% |
From the latest earnings call
- CFO James Budge said higher yield drove the quarter’s revenue performance, supported by enrollment campaigns, member referrals and renewals.
- CEO Daniel Perez said Hinge Health signed an agreement to acquire Cylinder Health to enter gastrointestinal care, with a broader rollout targeted for 2027.
Largest institutional holders 13F, quarter to 30 June 2026
Held by institutions
71.86%
Held by the ten largest
26.94%
| Holder | Shares | Stake | Change |
|---|---|---|---|
| Vanguard | 4.34m | 5.37% | +1.56m |
| BlackRock | 3.57m | 4.42% | +2.66m |
| 11.2 Capital Management, LLC | 2.46m | 3.05% | −1.24m |
| Deer Management Co. LLC | 1.91m | 2.37% | −725.00k |
| Two Sigma | 1.81m | 2.24% | +1.42m |
| FULLER & THALER ASSET MANAGEMENT, INC. | 1.71m | 2.12% | +57.31k |
| Morgan Stanley | 1.61m | 2.00% | +624.31k |
| Franklin Templeton | 1.58m | 1.96% | +620.52k |
| Jane Street | 1.42m | 1.76% | +861.19k |
| BRAIDWELL LP | 1.33m | 1.65% | −125.00k |
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.
Pay and ownership Proxy statement filed 17 April 2026
Ownership
Directors and executive officers, together
51.20% of the votes
Daniel Perez
37.70% of the votes
Entities affiliated with Insight
35.30% of the votes
Gabriel Mecklenburg
14.10% of the votes
Entities affiliated with Tiger Global
8.90% of the votes
Entities affiliated with Atomico
1.00% of the votes
Entities affiliated with
less than 1% of the votes
Entities affiliated with Bessemer Venture Partners
less than 1% of the votes
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement
Hinge Health Inc. (HNGE) Latest News
3 Nov
2 Nov
3 Sep
12 Aug
6 Aug
5 Aug
HNGE metrics, ten years each
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Shares outstanding
- Book value per share
Hinge Health sells technology-supported care for muscle and joint conditions, also called musculoskeletal or MSK conditions. Its clients are primarily self-insured employers, which pay for their employees’ healthcare benefits. It also serves health plans and government insurance populations. Daniel Perez is chief executive and co-founder.
The platform covers needs ranging from short-term injuries and chronic pain to rehabilitation after surgery. Members receive personalized exercise plans through an app. TrueMotion, the company’s motion-tracking technology, uses a phone or tablet camera to provide exercise feedback. Licensed physical therapists, physicians and health coaches design and monitor care. Hinge Health also offers Enso, a wearable device that delivers electrical nerve stimulation for pain relief.