Hinge Health HNGE

Software - Application, Technology

$111.52

+1.45%

Market cap: $9B
PE: 85.1×
Forward PE: n/m; not a meaningful number
Price to sales: 12.5×
EV/EBIT: 92.0×
Revenue, 12 months: $720.1M; +50% on a year ago
Net margin: 15.1%
Free cash flow yield: 3.2%

Hinge Health trades at 85.1× trailing earnings. Revenue was $720.1M over the last twelve months, up 50% on a year earlier with a 15% net margin.

Charts

Financials

Income statement for HNGE, by quarter
Income statement	Q1 FY24	Q2 FY24	Q3 FY24	Q4 FY24	Q1 FY25	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26
	$82.7M	$89.8M	$100.6M	$117.3M	$123.8M+50%	$139.1M+55%	$154.2M+53%	$170.7M+46%	$182.3M+47%	$212.8M+53%
Cost of revenue	$24.8M	$23.2M	$21.4M	$21.2M	$23.6M−5%	$41.3M+78%	$28M+31%	$26.7M+26%	$28.1M+19%	$28.9M−30%
Gross profit	$57.9M	$66.6M	$79.3M	$96.1M	$100.2M+73%	$97.8M+47%	$126.2M+59%	$144M+50%	$154.2M+54%	$183.9M+88%
R&D	$29.8M	$24.9M	$23.8M	$22.4M	$23.5M−21%	$280M+1023%	$31.9M+34%	$32.8M+46%	$30.3M+29%	$34.1M−88%
SG&A	$59.6M	$59.2M	$59.3M	$52.8M	$63.6M+7%	$398.5M+573%	$100.4M+69%	$84M+59%	$91.8M+44%	$109.5M−73%
	−$31.4M	−$17.6M	−$3.8M	$20.9M	$13.1M	−$580.7M+3209%	−$6.1M+59%	$27.3M+30%	$32.1M+144%	$40.4M
Pre-tax income	−$26.3M	−$12.6M	$1.4M	$26.2M	$18.1M	−$576M+4484%	−$1.6M	$32.2M+23%	$35.9M+98%	$44.4M
	$158K	$361K	$1.1M	−$951K	$998K+532%	−$326K	$206K−81%	$122K	$814K−18%	$740K
Net income	−$26.5M	−$12.9M	$341K	$27.1M	$17.1M	−$575.7M+4353%	−$1.8M	$32.1M+18%	$35.1M+105%	$43.7M
	−$1.98	−$0.96	$0.01	$1.98	$1.31	−$13.10+1265%	−$0.02	$0.40−80%	$0.41−69%	$0.52
	13.4M	13.5M	16.6M	13.7M	92.7M+593%	43.9M+225%	78.9M+376%	79.5M+481%	82.4M−11%	83.4M+90%

Revenue: Q1 FY24 and Q1 FY25: 6 months less the 3 months printed beside them.

Cost of revenue: Q1 FY24 and Q1 FY25: 6 months less the 3 months printed beside them.

Gross profit: Q1 FY24 and Q1 FY25: 6 months less the 3 months printed beside them.

R&D: Q1 FY24: 6 months less the 3 months printed beside them.

SG&A: Q1 FY24 and Q1 FY25: 6 months less the 3 months printed beside them.

Operating income: Q1 FY24: 6 months less the 3 months printed beside them.

Pre-tax income: Q1 FY24 and Q1 FY25: 6 months less the 3 months printed beside them.

Income tax: Q1 FY24 and Q1 FY25: 6 months less the 3 months printed beside them.

Net income: Q1 FY24 and Q1 FY25: 6 months less the 3 months printed beside them.

EPS, diluted: 3 periods, Q1 FY24 to Q4 FY25: quarter's net income to common over its shares, to the cent.

Diluted shares: Q1 FY24: share-days: the 6-month average less the second quarter's. Q4 FY24 and Q4 FY25: share-days: the 12-month average less the 9-month, weighted by days.

From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.

Peers

Companies in Software - Application nearest Hinge Health's size, closest first.

Company	Market cap	PE	Its 10y median PE	Fwd PE	P/S	Revenue growth	Net margin
HNGEHinge Health	$9B	85.1×	71.5×	n/m	12.5×	+50%	15.1%
MTCHMatch	$10.5B	16.2×	15.3×	n/m	3.0×	+2%	20.2%
ESTCElastic	$10.8B	28.9×	139×	n/m	6.0×	+16%	20.8%
DOCNDigitalOcean	$11B	42.8×	45.3×	n/m	10.8×	+21%	23.3%
RNGRingCentral	$7B	66.7×	73.7×	n/m	2.7×	+5%	4.3%
FDSFactset Research Systems	$11.8B	21.8×	32.5×	n/m	4.8×	+7%	23.2%
PINSPinterest	$12.6B	65.6×	64.4×	n/m	2.8×	+17%	5.5%
TTDTrade Desk	$6.1B	15.5×	123×	n/m	2.0×	+12%	13.6%
HUBSHubSpot	$13.5B	96.4×	107×	n/m	3.9×	+21%	4.3%
PEGAPegasystems	$6B	20.6×	66.6×	n/m	3.4×	+4%	18.7%
FICOFair Isaac	$17.6B	23.6×	50.7×	16.8×	7.4×	+24%	34.1%
Peer median	$10.9B	26.2×	65.5×	16.8×	3.7×	+14%	19.4%