HNGE

Hinge Health, Inc.

Ticker: HNGETechnologyBusiness Services & Software
HQ SAN FRANCISCO, CACIK 1673743FY end 12-31Book / share $4.18Shares 82M
Revenue (FY)
$587.86M
TTM $720.06M
Op. margin
-92.94%
TTM 13.01%
Net income
$-528.26M
TTM $109.07M
Operating cash
$171.44M
TTM $290.79M
Free cash flow
$165.38M
TTM $290.79M
Return on equity
-295.68%
TTM 31.68%
Debt / equity
Shares outstanding
54.6M
TTM 82.3M

The business

Hinge Health, Inc. (NYSE: HNGR) operates a technology-enabled platform designed to transform musculoskeletal care delivery through artificial intelligence and digital therapeutics. The company's website is located at www.hingehealth.com.

The company delivers comprehensive MSK care through an integrated platform combining AI-powered motion tracking technology, a proprietary electrical nerve stimulation wearable device called Enso, and a multidisciplinary care team of licensed physical therapists, physicians, and board-certified health coaches. Hinge Health's platform addresses a broad spectrum of joint and muscle pain conditions across sixteen affected body areas, including the neck, back, shoulders, knees, and ankles, through multiple specialized programs including chronic pain management, acute injury treatment, pre- and post-surgical rehabilitation, women's pelvic health, fall prevention, and preventative care.

The company's primary clients are self-insured employers, with approximately 22 million contracted lives in this segment as of December 31, 2025. Hinge Health also serves fully-insured health plan populations, Medicare Advantage plans, and federal insurance programs, representing approximately 3 million additional contracted lives. The company operates through direct sales to employers and indirect channels via partnerships with major health plans, pharmacy benefit managers, third-party administrators, and healthcare navigation companies. As of December 31, 2025, Hinge Health maintained relationships with over 60 partners, including the five largest national health plans by self-insured lives and the top three PBMs by market share.

The platform's core technology includes TrueMotion, a patented AI-powered motion tracking system utilizing computer vision to provide real-time exercise feedback without requiring wearable sensors, and HingeConnect, a proprietary high-risk identification engine integrating electronic health records and claims data. In 2025, the company launched HingeSelect, a high-performance in-person provider network for MSK care, extending its service model to include end-to-end care coordination.

Hinge Health operates as a research-driven organization with development centers in San Francisco, Bangalore, and Montreal. The company has accumulated over 1.5 million members since inception, tracked over 106 million activity sessions, and generated 39 million member-reported outcome logs, providing substantial proprietary data to continuously refine its AI algorithms and clinical programs.

Sector
Technology
Industry
Business Services & Software
HQ
SAN FRANCISCO, CA
FY end
12-31
CIK
1673743
SIC
7374
Financial performance · annual
20252025
$-653.09M$-278.60M$95.90M$470.40M$844.89M2025TTMTTMTTM

Ownership

Who holds Hinge Health, Inc. — across funds, superinvestors and bonds · N-PORT 2026Q2 · 13F 2026-06-30

180
funds hold it
0 of 35
superinvestors hold it
$1.22B
fund-held value
26.0%
of shares held by funds

Top fund holders

Fund% of fundValue
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%$122.60M
FULLERTHALER BEHAVIORAL SMALL-CAP GROWTH
FTXNX · Capitol Series Trust
1.48%$91.51M
iShares Russell 2000 ETF
IWM · iShares Trust
0.11%$90.24M
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.05%$88.47M
Oberweis Small-Cap Opportunities Fund
OBSOX · OBERWEIS FUNDS
2.15%$61.03M

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Could not be determined for this company: bond issues.

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