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| Date | Value |
|---|---|
| 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 |