Hinge Health (HNGE) Gross Margin (2024 - 2026)
Hinge Health (HNGE) posted Gross Margin of 84.6% for Q1 2026, little changed sequentially from 84.36% in Q4 2025, and up 365.0% YoY from 18.19% in Q1 2025.
Hinge Health (HNGE) Gross Margin (2024 - 2026) Analysis & Trends
Hinge Health has reported Gross Margin for 3 years, with the latest figure at 84.6% in Q1 2026.
- Quarterly Gross Margin rose 365.0% year-over-year to 84.6% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 80.8% (up 150.0% YoY) and the FY2025 annual result came in at 79.65%, up 283.0% from the prior year.
- Gross Margin held at 84.6% in Q1 2026 per HNGE's latest filing, from 84.36% in the prior quarter.
- Over five years, Gross Margin peaked at 84.6% in Q1 2026 and troughed at 70.28% in Q2 2025.
- A 3-year average of 79.61% and a median of 81.39% in 2025 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2025 and 2026: Gross Margin plunged 388 bps in 2025, then soared 365 bps in 2026.
- Over 3 years, Gross Margin stood at 81.95% in 2024, then rose by 3 bps to 84.36% in 2025, then gained by 0 bps to 84.6% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 84.6%, 84.36%, and 81.84% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 39.72 Bn | 32.40 Bn | 662.02 Mn | 74.98% |
| 2 | BrightSpring Health Services | 12.19 Bn | 11.64 Bn | 492.75 Mn | 12.72% |
| 3 | Healthequity | 8.79 Bn | 8.52 Bn | 256.31 Mn | 72.27% |
| 4 | 10x Genomics | 7.31 Bn | 6.76 Bn | 112.50 Mn | 74.48% |
| 5 | Hinge Health | 7.10 Bn | 6.71 Bn | 183.95 Mn | 86.44% |
| 6 | MiniMed | 5.66 Bn | 5.36 Bn | 480.00 Mn | 57.35% |
| 7 | Waystar Holding | 4.76 Bn | 4.56 Bn | 221.99 Mn | 69.44% |
| 8 | Doximity | 4.46 Bn | 3.77 Bn | 132.93 Mn | 84.87% |
| 9 | Heartflow | 3.66 Bn | 3.28 Bn | 53.19 Mn | 83.00% |
| 10 | Privia Health | 2.78 Bn | 2.42 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 86.44% |
| Mar 31, 2026 | 84.60% |
| Dec 31, 2025 | 84.36% |
| Sep 30, 2025 | 81.84% |
| Jun 30, 2025 | 70.28% |
| Mar 31, 2025 | 80.95% |
| Dec 31, 2024 | 81.95% |
| Sep 30, 2024 | 78.77% |
| Jun 30, 2024 | 74.16% |