Hinge Health, Inc. (HNGE)

Hinge Health Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023
Revenue	587.86	390.4	292.73
Revenue Growth (YoY)	50.58%	33.37%	-
Cost of Revenue	118.56	89.81	98.55
Gross Profit	469.3	300.59	194.18
Selling, General & Admin	639.41	227.54	214.64
Research & Development	354.3	97.49	110.06
Other Operating Expenses	16.61	-	-
Operating Expenses	1,010	325.02	324.69
Operating Income	-541.02	-24.43	-130.51
Interest & Investment Income	-	20.57	21.7
Other Non Operating Income (Expenses)	19.11	0.08	0.27
EBT Excluding Unusual Items	-521.91	-3.78	-108.55
Merger & Restructuring Charges	-5.35	-7.48	-
Pretax Income	-527.26	-11.26	-108.55
Income Tax Expense	1	0.68	-0.41
Net Income	-528.26	-11.93	-108.14
Preferred Dividends & Other Adjustments	-104.17	-	-
Net Income to Common	-424.09	-11.93	-108.14
Shares Outstanding (Basic)	55	14	13
Shares Outstanding (Diluted)	55	14	13
Shares Change (YoY)	302.55%	4.16%	-
EPS (Basic)	-7.77	-0.88	-8.31
EPS (Diluted)	-7.77	-0.88	-8.31
Free Cash Flow	170.73	47.96	-65.89
Free Cash Flow Per Share	3.13	3.54	-5.06
Gross Margin	79.83%	77.00%	66.33%
Operating Margin	-92.03%	-6.26%	-44.59%
Profit Margin	-72.14%	-3.06%	-36.94%
Free Cash Flow Margin	29.04%	12.29%	-22.51%
EBITDA	-535.89	-22.08	-128.39
EBITDA Margin	-91.16%	-5.66%	-43.86%
D&A For EBITDA	5.13	2.35	2.13
EBIT	-541.02	-24.43	-130.51
EBIT Margin	-92.03%	-6.26%	-44.59%
Advertising Expenses	-	37.3	23.8

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q