# Hinge Health, Inc. (HNGE) · Edgar & Edgarette company card

> Hinge Health (HNGE) grew revenue 50.6% in FY2025 to $588 million, operating margin -92.9% against a 7.7% median for computer processing & data preparation, equity 24.0% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1673743 · fiscal year ended 2025-12-31 · 3 audited years read · [page](https://www.pops4.com/boards/company/HNGE) · [JSON](https://www.pops4.com/boards/company/HNGE.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $588M |
| Revenue growth, 1 year | 50.6% |
| Revenue growth per year | 41.7% |
| Operating margin | -92.9% (prior year -8.2%) |
| Net margin | -89.9% |
| Operating cash flow | $171M |
| Capital spending | $708,000 |
| Free cash flow | $171M |
| Cash | $208M |
| Long-term debt | — |
| Total assets | $745M |
| Total equity | $179M |
| Equity ÷ assets | 24.0% |
| Return on equity | -295.7% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: -7.51 (distress zone)
- Piotroski F: 5 of 9 (middling)
- Beneish M: -6.14 (below the −1.78 line)
- Health Harbor boat: Sound ship · one warning sign · operating loss: a margin of -92.9% in FY2025
- Cash Compass: Cash cow later · growing fast, and already turning revenue into cash

## Edgarette's reading

Exposure: revenue $587.9M (FY2025). Experience: revenue up 50.6% on the year, up 41.7% a year over 2 years; operating margin -92.9%, down from -8.2%. Soundness: equity 24.0% of assets, return on equity -295.7%. Credibility: 3 audited years, moderate weight. Range: 80% of past cases like this landed between $677.6M and $1.1B next year (method v3, set from 4,309 SEC company-years; on a year the method never saw, 83% landed inside). A statistical range, not company guidance. Against peers (35 filers, $50M+ revenue, services-computer processing & data preparation): operating margin -92.9% against a 7.7% median; growth 50.6% against 10.2%.

Range logged 2026-11-03, receipt 7c7546b7608f3f55, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 5.02 Director or officer change: 2, latest 2026-11-02 ([filing](https://www.sec.gov/Archives/edgar/data/1673743/000162828026068872/0001628280-26-068872-index.htm))

## Recent filings

- 8-K · filed 2026-11-02 · 2.02 Results of Operations and Financial Condition; 5.02 Departure or Election of Directors; Appointment of Officers; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1673743/000162828026068872/0001628280-26-068872-index.htm)
- 8-K · filed 2026-08-21 · 1.01 Entry into a Material Definitive Agreement; 2.03 Creation of a Direct Financial Obligation · [filing](https://www.sec.gov/Archives/edgar/data/1673743/000162828026058439/0001628280-26-058439-index.htm)
- 10-Q · filed 2026-08-06 · [filing](https://www.sec.gov/Archives/edgar/data/1673743/000162828026054327/0001628280-26-054327-index.htm)
- 8-K · filed 2026-08-04 · 2.02 Results of Operations and Financial Condition; 7.01 Regulation FD Disclosure; 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1673743/000162828026052558/0001628280-26-052558-index.htm)
- 8-K · filed 2026-06-09 · 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1673743/000162828026041886/0001628280-26-041886-index.htm)
- 8-K · filed 2026-06-04 · 5.07 Submission of Matters to a Vote of Security Holders · [filing](https://www.sec.gov/Archives/edgar/data/1673743/000162828026040802/0001628280-26-040802-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001673743.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1673743

## Cite

POPS4, Edgar & Edgarette: Hinge Health, Inc. (HNGE) company card, from the company's own SEC filings, accessed 2026-11-03, https://www.pops4.com/boards/company/HNGE. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.