What is HNGE's work in process?

HNGE (HNGE) reported work in process of $56K in Q1 2026.

What does work in process mean?

Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.

HNGE HNGE Work in process

Work in process at other companies

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$435M+9.3%

SolventumSOLV

$222M+29.8%

Globus MedicalGMED

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MedtronicMDT

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Intuitive SurgicalISRG

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Other financials

Income statement

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Revenue$182.3M+47.2%

Gross profit$154.2M+53.9%

Operating income$32.1M+144%

Net income$35.1M+105%

EPS (diluted)$0.41-68.7%

Balance sheet

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Cash & equivalents$188.1M-35.2%

Total debt$7.0M—

Total equity$111.7M+136%

Total assets$728.8M—

Cash flow

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Operating cash flow$43.1M+775%

CapEx$83.0K+62.7%

Free cash flow$43.0M+782%

Valuation

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Market cap$5.37B—

Enterprise value$5.19B—

P/S8.3×—

Profitability

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Gross margin80.8%+1.5pp

Operating margin-85.8%—

Net margin-83.9%—

FCF margin32.3%—

Returns & leverage

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Return on equity551.8%—

Debt / equity0.1×—

Current ratio1.3×—

Where this comes from

Reported directly by HNGE in its filing.

Tagged under the XBRL concept us-gaap:InventoryWorkInProcessNetOfReserves.

The official record: HNGE’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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What is HNGE's work in process?: HNGE (HNGE) reported work in process of $56K in Q1 2026.
What does work in process mean?: Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.