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Segments

By segment

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Reportable Segment$25.91M+13.8%

Other financials

Income statement

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Revenue$212.8M+53.0%
Gross profit$183.9M+88.2%
Operating income$40.4M+107%
Net income$43.7M+108%
EPS (diluted)$0.52+104%

Balance sheet

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Cash & equivalents$287.7M+20.4%
Total debt$5.9M-40.9%
Total equity$344.3M+98.1%
Total assets$827.4M+19.3%

Cash flow

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Operating cash flow$101.4M+401%
CapEx$123.0K-37.6%
Free cash flow$101.3M+406%

Valuation

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Market cap$6.2B+31.2%
Enterprise value$5.91B+31.6%
P/E80.5×
P/S8.6×-1.2×

Profitability

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Gross margin84.5%+6.8pp
Operating margin9.2%
Net margin10.7%
FCF margin40.3%+21.3pp

Returns & leverage

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Return on equity29.7%
Debt / equity0.0×
Current ratio1.3×-0.6×

Where this comes from

Reported directly by Hinge Health in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The source filing: Hinge Health’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 4:14 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-054327
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Cost of revenue28,86841,33556,94264,927
Gross profit183,94997,763338,182197,996
Operating expenses:
Research and development34,057279,96264,395303,462
Sales and marketing81,408147,228150,210193,944
General and administrative28,044251,24451,068268,125
Total operating expenses143,509678,434265,673765,531
Income (loss) from operations40,440(580,671)72,509(567,535)

Item 1. Financial Statements (Unaudited)

FAQ

What is Hinge Health's R&D?
Hinge Health (HNGE) reported R&D of $34.06M in Q2 2026.
How has Hinge Health's R&D changed year-over-year?
Hinge Health's R&D decreased by 87.8% year-over-year, from $279.96M to $34.06M.
What is the long-term trend for Hinge Health's R&D?
Over 2 years (2023 to 2025), Hinge Health's R&D has grown at a 82.9% compound annual growth rate (CAGR), from $110.06M to $368.14M.
What does R&D mean?
Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

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