Filing Flows › Hinge Health (HNGE) › Q4 2025
Hinge Health (HNGE) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 3, 2026
Hinge Health (HNGE) reported revenue of $171M for the fourth quarter 2025 (Q4 2025), +46% from a year earlier and +11% from the quarter before. Operating margin was 16.0%, net earnings $32.1M (18.8% of revenue).
Hinge Health, Q4 2025: revenue $171M (+46% year over year), operating margin 16.0%, net earnings $32.1M, operating cash flow $63.9M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $171M | +11% | +46% |
| Gross profit | $144M | +14% | +50% |
| Operating profit | $27.3M | — | +30% |
| Net earnings | $32.1M | — | +18% |
| Operating cash flow | $63.9M | -22% | +67% |
| Free cash flow | $61.5M | — | +65% |
What changed
Revenue was $170.7M in Q4 2025, up 46% year over year and up 11% from the previous quarter.
Gross margin was 84.4%, up 2.4 points from a year earlier. Operating profit was $27.3M, a 16.0% margin (down 1.9 points year over year). Of the extra revenue versus a year earlier, 12% reached operating profit, below the 18% margin then. Operating expenses grew 55% against revenue growth of 46%. The fastest-growing cost line was Sales & marketing (+68%). Net earnings were $32.1M, up 18% year over year. The effective tax rate was 0.4%.
Operating cash flow was $63.9M (up 67% year over year), 199% of net earnings. Non-cash charges added back $1.2M of depreciation and amortization and $17.2M of share-based compensation. Working capital and other items added $13.4M. After purchases of property, equipment and software (including capitalized internal use software) ($2.4M), free cash flow as the company reports it was $61.5M.
Questions
What was Hinge Health's revenue in the fourth quarter 2025?
Hinge Health (HNGE) reported revenue of $171M for the fourth quarter 2025 (Q4 2025), +46% from a year earlier and +11% from the quarter before.
Was Hinge Health profitable in the fourth quarter 2025?
Operating profit was $27.3M (16.0% of revenue) and net earnings $32.1M.
Source: Hinge Health 10-K on SEC EDGAR.