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HNGE HNGE Adjustment to reflect deemed contribution from Series D and Series E redeemable convertible preferred stock extinguishment

Adjustment to reflect deemed contribution from Series D and Series E redeemable convertible preferred stock extinguishment at other companies

Veradermics
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Veradermics MANE
$4.2M
Navan, Inc.
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Navan, Inc. NAVN
$325.28M
EquipmentShare.com, Inc.
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EquipmentShare.com, Inc. EQPT
$11M0.0%
Ondas, Inc.
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Ondas, Inc. ONDS
$346K+80.2%
Ionis Pharmaceuticals logo
Ionis PharmaceuticalsIONS
$12.92M
Ondas, Inc.
 logo
Ondas, Inc. ONDS
$817K+554%

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 hnge:AdjustmentToReflectDeemedContributionFromRedeemableConvertiblePreferredStockExtinguishment.

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

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Questions, answered.

What is HNGE's adjustment to reflect deemed contribution from series d and series e redeemable convertible preferred stock extinguishment?
HNGE (HNGE) reported adjustment to reflect deemed contribution from series d and series e redeemable convertible preferred stock extinguishment of $0 in Q1 2026.
How has HNGE's adjustment to reflect deemed contribution from series d and series e redeemable convertible preferred stock extinguishment changed year-over-year?
HNGE's adjustment to reflect deemed contribution from series d and series e redeemable convertible preferred stock extinguishment decreased by 100.0% year-over-year, from $104.17M to $0.
What does adjustment to reflect deemed contribution from series d and series e redeemable convertible preferred stock extinguishment mean?
This represents a non-cash accounting adjustment resulting from the extinguishment or modification of specific series of redeemable convertible preferred stock. It reflects the financial impact of changing the terms of equity instruments, often treated as a deemed contribution to shareholders. This adjustment is necessary to reconcile the carrying value of equity following significant capital structure changes.