Hinge Health (HNGE) Cost of Revenue (2024 - 2026)
Hinge Health (HNGE) posted Cost of Revenue of $28.1 million for Q1 2026, up 5.15% sequentially from $26.7 million in Q4 2025, and up 19.0% YoY from $23.6 million in Q1 2025.
Hinge Health (HNGE) Cost of Revenue (2024 - 2026) Analysis & Trends
Hinge Health has reported Cost of Revenue for 3 years, with the latest figure at $28.1 million in Q1 2026.
- Quarterly Cost of Revenue rose 19.0% year-over-year to $28.1 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $124.1 million (up 38.95% YoY) and the FY2025 annual result came in at $119.6 million, up 32.19% from the prior year.
- Cost of Revenue climbed to $28.1 million in Q1 2026 per HNGE's latest filing, from $26.7 million in the prior quarter.
- Over five years, Cost of Revenue peaked at $41.3 million in Q2 2025 and troughed at $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.
- The sharpest annual moves came in 2025 and 2026: Cost of Revenue surged 78.11% in 2025, then gained 19.0% in 2026.
- Over 3 years, Cost of Revenue stood at $21.2 million in 2024, then advanced by 26.13% to $26.7 million in 2025, then advanced by 5.15% to $28.1 million in 2026.
- According to Business Quant data, Cost of Revenue over the past three periods registered $28.1 million, $26.7 million, and $28.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 40.11 Bn | 32.80 Bn | 662.02 Mn | 220.92 Mn |
| 2 | BrightSpring Health Services | 12.26 Bn | 11.70 Bn | 492.75 Mn | 271.40 Mn |
| 3 | Healthequity | 8.80 Bn | 8.53 Bn | 256.31 Mn | 98.33 Mn |
| 4 | 10x Genomics | 8.39 Bn | 7.84 Bn | 112.50 Mn | 38.54 Mn |
| 5 | Hinge Health | 7.03 Bn | 6.65 Bn | 183.95 Mn | 28.87 Mn |
| 6 | MiniMed | 5.12 Bn | 4.82 Bn | 480.00 Mn | 357.00 Mn |
| 7 | Waystar Holding | 4.86 Bn | 4.67 Bn | 221.99 Mn | 97.69 Mn |
| 8 | Doximity | 4.60 Bn | 3.91 Bn | 132.93 Mn | 23.69 Mn |
| 9 | Heartflow | 4.38 Bn | 4.00 Bn | 53.19 Mn | 10.89 Mn |
| 10 | Privia Health | 2.65 Bn | 2.24 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 28.87 Mn |
| Jun 30, 2026 | 28.87 Mn |
| 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 |