Filing Flows › Hinge Health (HNGE) › Q1 2026
Hinge Health (HNGE) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Hinge Health (HNGE) reported revenue of $182M for the first quarter 2026 (Q1 2026), +47% from a year earlier and +7% from the quarter before. Operating margin was 17.6%, net earnings $35.1M (19.3% of revenue).
Hinge Health, Q1 2026: revenue $182M (+47% year over year), operating margin 17.6%, net earnings $35.1M, operating cash flow $43.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $182M | +7% | +47% |
| Gross profit | $154M | +7% | +54% |
| Operating profit | $32.1M | +18% | +144% |
| Net earnings | $35.1M | +9% | +105% |
| Operating cash flow | $43.1M | -33% | +775% |
| Free cash flow | $41.6M | — | +897% |
What changed
Revenue was $182.3M in Q1 2026, up 47% year over year and up 7% from the previous quarter.
Gross margin was 84.6%, up 3.7 points from a year earlier. Operating profit was $32.1M, a 17.6% margin (up 7.0 points year over year). Of the extra revenue versus a year earlier, 32% reached operating profit, above the 11% margin then. Operating expenses grew 40% against revenue growth of 47%. The fastest-growing cost line was Sales & marketing (+47%). Net earnings were $35.1M, up 105% year over year. The effective tax rate was 2.3%.
Operating cash flow was $43.1M (up 775% year over year), 123% of net earnings. Non-cash charges added back $1.2M of depreciation and amortization and $11.7M of share-based compensation. Working capital and other items used $4.9M. After purchases of property, equipment and software (including capitalized internal use software) ($1.5M), free cash flow as the company reports it was $41.6M.
Questions
What was Hinge Health's revenue in the first quarter 2026?
Hinge Health (HNGE) reported revenue of $182M for the first quarter 2026 (Q1 2026), +47% from a year earlier and +7% from the quarter before.
Was Hinge Health profitable in the first quarter 2026?
Operating profit was $32.1M (17.6% of revenue) and net earnings $35.1M.
Source: Hinge Health 10-Q on SEC EDGAR.