Feed / HNGE

Hinge Health, Inc.

HNGE

Healthcare · 98.07 +2.7% today

Isolated · not yet confirmedMarket checked 1 Oct, 14:55 GMT-4

Market read

No connected market move is active around Hinge Health, Inc..

No new filing conclusion is available. 0 of 0 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 2 directly disclosed connections are confirming.

Company+2.7% todayVolume comparison unavailable
Market groupNo active group readNo durable group available
Disclosed network0 of 2 confirmingNo filing-linked name is confirming now
What would change this read
  • 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.

Watch this read

Research brief

The story so far

Healthcare · Health Information Services

No new filing conclusion is available. 0 of 0 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 2 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • 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

As of Oct 1, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods3
Price observations341
Usable filing statements149
Verified relationships1
Evidence supporting the case
  • Latest annual revenue changed +50.6% year over year.
Evidence challenging the case
  • 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.
Questions before a position
  • EV/sales is 106% above the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 30, 2026

97.53
6m+152.9%12m+95.5%24m—
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2023-12-31$292.7M—$-8.31—
2024-12-31$390.4M+33.4%$-0.88+4.2%
2025-12-31$587.9M+50.6%$-7.77—

What management says matters

Persistent and emerging business drivers

Legal and regulatory exposurenegative · 3 filings
“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 ↗
Restructuring and cost reductionsnegative · 3 filings
“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 ↗
Supply chain and availabilitymixed · 3 filings
“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 9.1× · EV/sales 8.7×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Fewer than 4 annual revenue periods; too little history to scaffold scenarios.

Price action

How the market is pricing the story

98.07+2.7% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 1 Oct, 15:15 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 Unknown Theme. 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.