Filing Flows › Hinge Health (HNGE) › Q2 2025
Hinge Health (HNGE) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 11, 2025
Hinge Health (HNGE) reported revenue of $139M for the second quarter 2025 (Q2 2025), +55% from a year earlier and +12% from the quarter before. Operating margin was -417.5%, net loss $576M (413.8% of revenue).
Hinge Health, Q2 2025: revenue $139M (+55% year over year), operating margin -417.5%, net loss $576M, operating cash flow $20.2M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $139M | +12% | +55% |
| Operating profit | −$581M | — | — |
| Net earnings | −$576M | — | — |
| Operating cash flow | $20.2M | +311% | — |
| Free cash flow | $20.0M | +311% | — |
What changed
Revenue was $139.1M in Q2 2025, up 55% year over year and up 12% from the previous quarter.
Gross margin was 70.3%, down 3.9 points from a year earlier. Operating costs exceeded revenue by $580.7M, an operating margin of -417.5%. Operating expenses grew 706% against revenue growth of 55%. The fastest-growing cost line was General & admin (+1650%). The quarter ended with a net loss of $575.7M, after a profit of $17.1M the previous quarter.
Operating cash flow was $20.2M. Non-cash charges added back $1.3M of depreciation and amortization and $591.0M of share-based compensation. Working capital and other items added $3.5M. Capital expenditures of $197K left free cash flow of $20.0M.
Questions
What was Hinge Health's revenue in the second quarter 2025?
Hinge Health (HNGE) reported revenue of $139M for the second quarter 2025 (Q2 2025), +55% from a year earlier and +12% from the quarter before.
Was Hinge Health profitable in the second quarter 2025?
Operating loss was $581M (-417.5% of revenue) and net loss $576M.
Source: Hinge Health 10-Q on SEC EDGAR.