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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
Ionis Pharmaceuticals logo
Ionis PharmaceuticalsIONS
$12.92M
PNC Financial Services logo
PNC Financial ServicesPNC
$1M-50.0%
EquipmentShare.com, Inc.
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EquipmentShare.com, Inc. EQPT
$11M0.0%
Ondas, Inc.
 logo
Ondas, Inc. ONDS
$346K+80.2%

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:TemporaryEquityAdjustmentToReflectDeemedContributionFromRedeemableConvertiblePreferredStockExtinguishment.

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 non-cash accounting adjustments related to the modification or extinguishment of redeemable convertible preferred stock. It reflects the deemed contribution or impact on equity attributable to common stockholders resulting from changes in the capital structure. Investors monitor this to isolate the impact of financing activities and capital structure changes from core operational performance.