Filing Flows › Technology › Hinge Health (HNGE)
Hinge Health (HNGE) earnings and revenue breakdown
Latest: Q3 2026 · 8-K filed Nov 2, 2026
Q3 2026 Revenue up 52% year over year to $235M · 24¢ of every $1 of revenue kept as net profit · operating margin 21.4%
Hinge Health made $235M in Q3 2026 (+52% Y/Y). Operating margin 21.4%, net earnings $57.4M. See where every dollar goes — costs, profit and cash — as a Sankey from the 8-K filed Nov 2, 2026 (preliminary, from the earnings release).
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What changed this quarter
Revenue was $235.0M in Q3 2026, up 52% year over year and up 10% from the previous quarter.
Gross margin was 87.0%, up 5.1 points from Q3 2025. Operating profit was $50.3M, a 21.4% margin (up 25.4 points year over year). Operating expenses grew 16% against revenue growth of 52%. The fastest-growing cost line was Sales & marketing (+34%). Net earnings were $57.4M. The effective tax rate was -6.9%.
Operating cash flow was $114.6M (up 39% year over year), 200% of net earnings. Non-cash charges added back $2.2M of depreciation and amortization and $19.5M of share-based compensation. Working capital and other items added $35.4M. After purchases of property, equipment and software (including capitalized internal use software) ($1.9M), free cash flow as the company reports it was $112.7M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 8-K | Nov 2, 2026 | $235M | +52% | 21.4% | $57.4M | $115M |
| Q2 2026 | 10-Q | Aug 6, 2026 | $213M | +53% | 19.0% | $43.7M | $101M |
| Q1 2026 | 10-Q | May 7, 2026 | $182M | +47% | 17.6% | $35.1M | $43.1M |
| Q4 2025 | 10-K | Mar 3, 2026 | $171M | +46% | 16.0% | $32.1M | $63.9M |
| Q3 2025 | 10-Q | Nov 7, 2025 | $154M | +53% | -4.0% | −$1.8M | $82.4M |
| Q2 2025 | 10-Q | Aug 11, 2025 | $139M | +55% | -417.5% | −$576M | $20.2M |
Charts
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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⚖️Fair value by methodinteractive
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📈Investments: gains and what it boughtinteractive
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Customers and suppliers named in filings
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About Hinge Health
Our vision is to build a new health system that transforms outcomes, experience and costs by using technology to scale and automate the delivery of care. Hinge Health leverages software, including AI, to automate care for joint and muscle health, delivering an outstanding member experience, improved member outcomes, and cost reductions for our clients and members. We have designed our platform to address a broad spectrum of MSK care—from acute injury, to chronic pain, to post-surgical rehabilitation. Members receive personalized and automated MSK care through our AI-powered motion tracking technology and a proprietary electrical nerve stimulation wearable device, all designed and monitored by our AI-supported care team of licensed physical therapists, physicians, and board-certified health coaches.
In its own words, from its 10-K, filed Mar 3, 2026.
Hinge Health against its Services-Computer Processing & Data Preparation peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +52% against the peers' median +6%. Operating margin: 21.4% against the peers' median 17.2%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| HNGE Hinge Health | Q3 2026 | $235M | +52% | 21.4% |
| ADP Automatic Data Processing | Q1 FY27 | $5.5B | +6% | 23.9% |
| DXC DXC Technology | Q2 FY27 | $3.0B | -4% | 6.2% |
| WDAY Workday | Q2 FY27 | $2.6B | +13% | 11.8% |
| TOST Toast | Q3 2026 | $2.0B | +21% | 8.3% |
| RDDT Reddit | Q3 2026 | $895M | +53% | 29.2% |
| VRSK Verisk Analytics | Q3 2026 | $809M | +5% | 45.2% |
| RNG RingCentral | Q3 2026 | $676M | +6% | 8.0% |
| PLTK Playtika Holding | Q3 2026 | $674M | -0.1% | 17.2% |
Source: Hinge Health 8-K on SEC EDGAR · CIK 1673743 · Services-Computer Processing & Data Preparation
Guidance and outlook
13F: who owns HNGE and who is buying
More on HNGE
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results