Hinge Health (HNGE) Cost of Revenue (2024 - 2026)

Hinge Health (HNGE) reported Cost of Revenue of $28.1 million for Q1 2026, up 19.0% on a YoY basis from $23.6 million in Q1 2025, and up 5.15% sequentially from $26.7 million in Q4 2025.

Hinge Health (HNGE) Cost of Revenue (2024 - 2026) Analysis & Trends

Hinge Health (HNGE) has 3 years of Cost of Revenue data on file, last reported at $28.1 million in Q1 2026.

  • For the quarter ending Q1 2026, Cost of Revenue rose 19.0% year-over-year to $28.1 million; the trailing twelve-month figure through Mar 2026 stood at $124.1 million (up 38.95% YoY), and the FY2025 full-year result was $119.6 million, up 32.19% from the prior year.
  • Cost of Revenue climbed to $28.1 million in Q1 2026, from $26.7 million in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $41.3 million in Q2 2025 to a low of $21.2 million in Q4 2024.
  • A 3-year average of $26.7 million and a median of $25.1 million in 2025 frame the typical range for Cost of Revenue.
  • Across the five-year window, Cost of Revenue soared 78.11% in 2025 and increased 19.0% in 2026, its largest moves.
  • Tracing HNGE's Cost of Revenue over 3 years: stood at $21.2 million in 2024, then increased by 26.13% to $26.7 million in 2025, then increased by 5.15% to $28.1 million in 2026.
  • Business Quant data shows HNGE's Cost of Revenue at $28.1 million in Q1 2026, $26.7 million in Q4 2025, and $28.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Veeva Systems 31.81 Bn 24.49 Bn 662.02 Mn 220.92 Mn
2 BrightSpring Health Services 14.76 Bn 13.86 Bn 482.22 Mn 260.92 Mn
3 Healthequity 8.36 Bn 8.10 Bn 256.31 Mn 98.33 Mn
4 Hinge Health 5.91 Bn 5.60 Bn 154.23 Mn 28.07 Mn
5 10x Genomics 5.89 Bn 5.35 Bn 106.18 Mn 44.67 Mn
6 MiniMed 4.45 Bn 4.16 Bn 480.00 Mn 357.00 Mn
7 Waystar Holding 4.41 Bn 4.35 Bn 216.84 Mn 97.04 Mn
8 Doximity 3.93 Bn 3.18 Bn 125.97 Mn 19.41 Mn
9 Privia Health 3.10 Bn 2.68 Bn - -
10 Omnicell 1.89 Bn 1.65 Bn 140.36 Mn 169.52 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 28.07 Mn
Mar 31, 2026 28.07 Mn
Dec 31, 2025 26.70 Mn
Dec 31, 2025 26.70 Mn
Sep 30, 2025 28.01 Mn
Sep 30, 2025 28.01 Mn
Jun 30, 2025 41.34 Mn
Jun 30, 2025 41.34 Mn
Mar 31, 2025 23.59 Mn
Mar 31, 2025 23.59 Mn
Dec 31, 2024 21.17 Mn
Dec 31, 2024 21.17 Mn
Sep 30, 2024 21.36 Mn
Sep 30, 2024 21.36 Mn
Jun 30, 2024 23.21 Mn
Jun 30, 2024 23.21 Mn