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. In the quarter to June 2026, revenue grew 53.0%, EPS grew 104.2% and free cash flow grew 441.1%, each against the same quarter a year earlier.

99.16 5.80 −5.53%
Market cap
$8.5B
P/E
73.5×
Fwd P/E
39.4×
Dividend yield
—
F-score
5/9
Altman Z
−0.64
Beneish M
−6.18
Dividend safety
n/a

Insider Decisions trades per month

Total sells 543.07
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell 8 5 1 5 3 2 8 10 2 4 9 3
Insider Ownership 32.70%

Capital & Financial Ratios $m

Market Cap 8,470.00
Revenue 720.06
Net Income 109.07
Free Cash Flow 283.92
Net Debt (389.39)
Current Ratio 1.34
Debt/Equity 0.00 (at or below 0.5: strong)
P/E ratio 73.45 (above 35: high)
Fwd P/E 39.40 (above 35: high)
P/S ratio 10.87 (above 10: high)
P/B ratio 22.74 (above 6: high)
Past 5Y EPS Growth —
This Y EPS Growth (11.48%) (below 0%: weak)
Next Y EPS Growth 26.16% (at or above 15%: strong)
Next Y revenue growth 46.40% (at or above 10%: strong)
Next 5Y EPS Growth 19.44% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 423 467 364 389
Receivables 47 42 66 125
Inventory 13 11 16 17
Other — — — —
530 583 534 643
2023 2024 2025 Q'26
Payables 39 28 57 61
ST’ Debt — — — —
Other — — — —
184 249 362 481

Compound Annual Growth %

10y 5y 3y
Sales — — —
Cash Flow — — —
Earnings — — —
Book Value — — —

Revenue $m

Mar Jun Sep Dec Year
’26 182 213 — — —
’25 124 139 154 171 588
’24 — 90 101 — 390
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 43 101 — — —
’25 5 20 82 64 171
’24 — (18) 28 38 49
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 42 100 — — —
’25 4 18 81 62 165
’24 — (20) 28 38 45
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 0.41 0.52 — — —
’25 0.18 (13.10) (0.02) 0.37 (7.77)
’24 — (0.96) 0.02 — (0.88)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low — — — — — — — — — 33.42

Analyst estimates 2026–2028

Powerpack
High — — — — — — — — — 62.18
People
People Employees — — — — — — — — 1,514 1,437
Revenue/emp, $m — — — — — — — 0.00 0.26 0.41
Income, $m
Income, $m Revenue — — — — — — — 293 390 588
Gross margin, % — — — — — — — 66.33 76.82 79.65
EBT — — — — — — — (109) (11) (527)
EBT margin, % — — — — — — — (37.08) (2.88) (89.69)
Net income — — — — — — — (108) (12) (528)
Depreciation — — — — — — — 15 36 52
Per share, $
Per share, $ Revenue — — — — — — — 22.49 28.80 10.77
Earnings — — — — — — — (8.31) (0.88) (7.77)
Cash flow — — — — — — — (4.91) 3.61 3.14
Capex — — — — — — — (0.35) (0.28) (0.11)
Free cash flow — — — — — — — (5.26) 3.34 3.03
Book value — — — — — — — (32.57) (32.05) 3.27
Shares, m — — — — — — — 13 14 55
Valuation, ×
Valuation, × P/E — — — — — — — 0.00 0.00 0.00
P/S — — — — — — — 0.00 0.00 4.31
P/B — — — — — — — 0.00 0.00 14.19
EV/Sales — — — — — — — 0.00 0.00 3.69
EV/FCF — — — — — — — 2.07 2.07 13.13
Cash, $m
Cash, $m Operating cash flow — — — — — — — (64) 49 171
Capex — — — — — — — (5) (4) (6)
Free cash flow — — — — — — — (69) 45 165
Balance, $m
Balance, $m Working capital — — — — — — — 346 334 171
Total debt — — — — — — — — — —
Net debt — — — — — — — (423) (467) (364)
Shareholders’ equity — — — — — — — (424) (435) 179
Returns, %
Returns, % ROA — — — — — — — 0.00 (1.84) (59.81)
ROIC — — — — — — — 0.00 0.00 0.00
ROE — — — — — — — 0.00 2.78 331.44
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

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
TEM Tempus AI, Inc. $12.8B — (loss-making) — (loss-making) +21.56% (above 0%: growing) n/m −153.72% (below 0%: shrinking) 64.45% (19.85%) Compare
BTSG BrightSpring Health Services, Inc. $12.3B 34.0× 37.6× +23.05% (above 0%: growing) +192.86% (above 0%: growing) −39.62% (below 0%: shrinking) 12.72% 3.37% Compare
TXG 10x Genomics $9.4B — (loss-making) — (loss-making) −12.65% (below 0%: shrinking) n/m −4.61% (below 0%: shrinking) 74.48% (12.95%) Compare
HNGE Hinge Health Inc. $8.5B 73.5× 39.4× +53.00% (above 0%: growing) n/m +441.14% (above 0%: growing) 86.44% 19.00%
HQY HealthEquity, Inc. $7.7B 33.0× 30.2× +7.64% (above 0%: growing) +14.49% (above 0%: growing) −3.44% (below 0%: shrinking) 73.55% 28.14% Compare
DOCS Doximity, Inc. $5.6B 34.8× 26.2× +7.34% (above 0%: growing) −53.57% (below 0%: shrinking) −34.14% (below 0%: shrinking) 84.87% 21.48% Compare
WAY Waystar Holding Corp. $5.4B 38.0× 22.4× +18.11% (above 0%: growing) +10.53% (above 0%: growing) −52.42% (below 0%: shrinking) 69.44% 23.79% Compare
HTFL Heartflow, Inc. $4.4B — (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. $2.9B 102× 87.8× +21.39% (above 0%: growing) +250.00% (above 0%: growing) −86.20% (below 0%: shrinking) 9.93% 1.86% Compare
Median of peers $6.6B 34.8× 30.2× +19.75% +14.49% −36.88% 71.50% 2.62%

All 51 Health Information Services stocks →

Hinge Health Inc. (HNGE) key facts

  • Strength: Hinge Health Inc.’s revenue for fiscal 2025 (year ended December 2025) was $587.9 million, up 50.6% from fiscal 2024.
  • Hinge Health Inc. (HNGE) is a Health Information Services company in the Healthcare sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, HNGE traded at $99.16, a market capitalization of $8.5 billion.
  • Return on equity was 331.4% and debt-to-equity 0.00.
  • Its Piotroski F-score is 5 out of 9 and its Altman Z-score is −0.64 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Hinge Health Inc. (HNGE) Latest News

11 Aug

10 May

stockrow.com/HNGE · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com