“In addition, there was an increase of $7.3 million from employer payroll taxes related to stock-based compensation expense and $4.9 million in professional related expenses due to compliance activities, which were partially offset by a decrease of $1.5 millio…”10-K · Mar 3, 2026 ↗
Hinge Health, Inc.
HNGE
Market read
Hinge Health, Inc.'s current read is isolated; its market group is not confirming.
No new filing conclusion is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 2 directly disclosed connections are confirming.
- Monitor disclosure that recent increases were driven by efficiencies in the care team and supply chain operations.
Invalidation: The isolated read changes if HNGE's group or a disclosed connection begins moving with it.
Research brief
The story so far
No new filing conclusion is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 2 directly disclosed connections are confirming.
No thresholded supportive filing evidence is available yet.
No thresholded adverse filing evidence is available yet.
- Monitor disclosure that recent increases were driven by efficiencies in the care team and supply chain operations.
Company research
Understand the business, not just the ticker
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
- Latest annual revenue changed +50.6% year over year.
- Operating margin changed -84.8 percentage points in the latest annual period.
- Net margin changed -86.8 percentage points in the latest annual period.
- Restructuring and cost reductions has repeated adverse evidence across 3 filings.
- EV/sales is 260% above the available filing-peer median; determine whether growth and quality justify the difference.
Price as of Sep 10, 2026
88.20Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“In addition, there was an increase of $19.4 million in commissions, $18.7 million in marketing, promotion and enrollment costs, $3.8 million in payroll-related costs and $3.0 million in employer payroll tax expense related to stock-based compensation expense,…”10-K · Mar 3, 2026 ↗
“The increase was primarily due to an increase in efficiencies related to our care team and supply chain operations.”10-Q · May 7, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 8.2× · EV/sales 7.8×. Comparisons use only industry-matched filing peers.
Fewer than 4 annual revenue periods; too little history to scaffold scenarios.
Price action
How the market is pricing the story
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for HNGE. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for HNGE. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind HNGE
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
OMDAOmada Health, Inc.competitorMay 7, 2026 ▾
“Our competitors fall into the following categories: • Digital platforms that provide broad MSK care or programs that address a segment of MSK care, including Kaia Health Software, Inc.”
Depended on by
OMDAOmada Health, Inc.competitorMay 8, 2026 ▾
“We currently face competition from a range of digital health companies, including direct competition from: competitors offering cardiometabolic programs, such as Hello Heart Inc., Lark Technologies, Inc., Livongo (via Teladoc Health, Inc.), Onduo LLC, Vida He…”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 1 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
HNGE is currently a Leader in the organic co-movement group Digital MSK Care. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 2 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
This group is retained as the last observed read for HNGE; it is not active in the latest market snapshot.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.