Hinge Health, Inc.
HNGEUSEstablished in 2012 and headquartered in San Francisco, California, Hinge Health, Inc. creates specialized healthcare software solutions for musculoskeletal and joint health. Their advanced platform is designed to comprehensively manage a spectrum of needs, including general musculoskeletal care, acute injuries, persistent chronic pain, and post-operative rehabilitation. Furthermore, the company provides essential administrative and operational assistance.
Founded2012IPO year2025As of2026-08-04
Market Cap
$6.28B
Enterprise Value
$5.97B
EV / LTM Revenue
10.2x
EV / NTM Revenue
6.3x
Trading multiples
Enterprise value over trailing (LTM) vs. forward (NTM) fundamentals. Click an LTM cell to chart it.
LTM
trailing
NTM
forward
Revenue
6.3x
Gross Profit
7.8x
EBITDA
—
Classification
- Sector
- Healthcare Services
- Sub-sector
- Virtual Care & Digital Health
- Listing
- HNGE
- Country
- US
Annual financials & analyst forecasts
| $M | CY2024 | CY2025 | CY2026E | CY2027E |
|---|---|---|---|---|
| Revenue YoY | — | 51% | 40% | 26% |
| Revenue | $390M | $588M | $822M | $1.03B |
| Gross Profit | $300M | $468M | — | — |
| Gross Profit Margin | 76.8% | 79.7% | — | — |
| EBITDA | ($28M) | ($542M) | ($386M) | ($485M) |
| EBITDA Margin | -7.3% | -92.1% | -46.9% | -46.9% |
| EBIT | ($32M) | ($546M) | ($392M) | ($492M) |
| Net Income | ($12M) | ($424M) | $218M | $290M |
| Free Cash Flow | $46M | $167M | — | — |
| FCF Margin | 11.7% | 28.5% | — | — |
| Short-Term Debt | $4M | $0M | — | — |
| Long-Term Debt | $7M | $0M | — | — |
| Cash & Cash Equivalents | $303M | $208M | — | — |
| Net Debt | ($292M) | ($208M) | — | — |
| Net Debt / EBITDA | — | — | — | — |
| Rule of 40 | — | 79.0% | — | — |
Figures in $M. True calendar years (Jan–Dec) built from quarterly data — income & cash-flow lines summed across the four quarters, balance sheet as of year-end. E columns are calendarized analyst consensus — gross profit, cash flow and balance-sheet lines are not estimated. Net debt = short-term debt + long-term debt − cash & cash equivalents; Rule of 40 = YoY revenue growth + FCF margin.