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Hinge Health, Inc.

HNGEHealthcareNASDAQ

Health Information Services · Last scanned Jun 3, 2026

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Financials · Annual
Revenue
$587.9M
+50.6% YoY
Net Income
-$528.3M
-4326.9% YoY
EBITDA
-$541.2M
-1984.9% YoY
Free Cash Flow
$446.9M

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About Hinge Health, Inc.

Part of the healthcare sector, Hinge Health, Inc. (HNGE) is listed under Health Information Services. The $4.53B market capitalization puts HNGE squarely in mid-cap range for its industry. It designs its platform to address musculoskeletal system care (MSK), including acute injury, chronic pain, and post-surgical rehabilitation.

Key stats
Market Cap$4.53B
Fwd P/E18.73
EPS$-8.91
52W Change+46.2%
ROE-136.0%
Analysis

The balance sheet looks solid with $315.9M in cash comfortably exceeding the $7.0M debt load. A net cash position generally provides financial flexibility during uncertain economic periods. The company generates $446.9M in free cash flow annually, which funds everything from R&D to shareholder returns without needing external financing. Return on equity stands at -136.0%, which is negative for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. Revenue has grown from $292.7M (2023) to $587.9M (2025), reflecting a 101% increase over the period.

With cash comfortably exceeding debt, HNGE has financial flexibility that may help navigate uncertain periods. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence Hinge Health, Inc.'s trajectory.

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