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Companies / Health Care / Hinge Health, Inc.
HNGE

Hinge Health, Inc.

Health CareBusiness Services & Software
Ticker HNGESAN FRANCISCO, CAFiscal year ends DecemberBook value per share $4.18Diluted shares 82.3M

Hinge Health (NYSE: HNGE) provides technology-enabled care for musculoskeletal conditions, serving primarily self-insured employers as well as health plans, Medicare Advantage populations, and federal insurance plans. Its platform combines personalized exercise therapy, AI-powered motion tracking through TrueMotion,… From the company’s description.

In fiscal 2025, Hinge Health, Inc. reported revenue of $587.86M and a net loss of $528.26M. Its operating margin was −92.9%, and operations generated $171.44M in cash. Over the twelve months to Jun 30, 2026, revenue was $720.06M.

Fiscal year 2025 · ends 12-31The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$587.86MFY2025
Last 12 mo $720.06M
-92.94%FY2025
Last 12 mo 13.01%
$-528.26MFY2025
Last 12 mo $109.07M
-295.68%FY2025
Last 12 mo 31.68%
Cash & financing
$171.44MFY2025
Last 12 mo $290.79M
$165.38MFY2025
Last 12 mo $283.92M
—
54.6MFY2025
Last 12 mo 82.3M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Hinge Health, Inc. does

In the company’s own words

Hinge Health (NYSE: HNGE) provides technology-enabled care for musculoskeletal conditions, serving primarily self-insured employers as well as health plans, Medicare Advantage populations, and federal insurance plans. Its platform combines personalized exercise therapy, AI-powered motion tracking through TrueMotion, the Enso electrical nerve stimulation wearable, and support from licensed physical therapists, physicians, and health coaches. Programs cover chronic and acute pain, prevention, women’s pelvic health, fall prevention, and pre- and post-surgical care; HingeSelect connects members with in-person providers. The company sells directly and through health plans, pharmacy benefit managers, third-party administrators, and other partners, and had more than 60 partners at year-end 2025. It reports one business segment. As of December 31, 2025, its existing client base included approximately 22 million contracted lives from self-insured employers and approximately 3 million contracted lives across fully insured, Medicare Advantage, and federal insurance populations. The company expanded from digital exercise programs for back and knee pain to a broader care platform, adding Enso, HingeConnect, and HingeSelect.

Company details
Sector
Health Care
Industry (SIC)
Business Services & Software
Headquarters
SAN FRANCISCO, CA
Fiscal year end
December
CIK
1673743
SIC
7374

Financial performance, year by year

Fiscal 2025–2025 · USD
$-653.09M$-278.60M$95.90M$470.40M$844.89M2025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Hinge Health, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

180
funds hold it
0 of 35
superinvestors hold it
$1.22B
held by funds, at market
26.0%
of shares held by funds

Largest fund holders · Hinge Health, Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%of fund net assets
FULLERTHALER BEHAVIORAL SMALL-CAP GROWTH
FTXNX · Capitol Series Trust
1.48%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.11%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.05%of fund net assets
2.15%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

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.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

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