Hinge Health (HNGE) Operating Expenses (2024 - 2026)
Hinge Health (HNGE) posted Operating Expenses of $122.2 million for Q1 2026, up 4.62% sequentially from $116.8 million in Q4 2025, and up 40.26% YoY from $87.1 million in Q1 2025.
Hinge Health (HNGE) Operating Expenses (2024 - 2026) Analysis & Trends
Hinge Health has reported Operating Expenses for 3 years, with the latest figure at $122.2 million in Q1 2026.
- Quarterly Operating Expenses rose 40.26% year-over-year to $122.2 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.0 billion (up 218.52% YoY) and the FY2025 annual result came in at $1.0 billion, up 205.77% from the prior year.
- Operating Expenses advanced to $122.2 million in Q1 2026 per HNGE's latest filing, from $116.8 million in the prior quarter.
- Over five years, Operating Expenses peaked at $678.4 million in Q2 2025 and troughed at $75.2 million in Q4 2024.
- A 3-year average of $172.4 million and a median of $101.9 million in 2025 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2025 and 2026: Operating Expenses jumped 706.05% in 2025, then jumped 40.26% in 2026.
- Over 3 years, Operating Expenses stood at $75.2 million in 2024, then jumped by 55.33% to $116.8 million in 2025, then rose by 4.62% to $122.2 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $122.2 million, $116.8 million, and $132.3 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 39.72 Bn | 32.40 Bn | 662.02 Mn | 388.91 Mn |
| 2 | BrightSpring Health Services | 12.19 Bn | 11.64 Bn | 492.75 Mn | 362.36 Mn |
| 3 | Healthequity | 8.79 Bn | 8.52 Bn | 256.31 Mn | 153.36 Mn |
| 4 | 10x Genomics | 7.31 Bn | 6.76 Bn | 112.50 Mn | 132.05 Mn |
| 5 | Hinge Health | 7.10 Bn | 6.71 Bn | 183.95 Mn | 143.51 Mn |
| 6 | MiniMed | 5.66 Bn | 5.36 Bn | 480.00 Mn | 398.00 Mn |
| 7 | Waystar Holding | 4.76 Bn | 4.56 Bn | 221.99 Mn | 243.63 Mn |
| 8 | Doximity | 4.46 Bn | 3.77 Bn | 132.93 Mn | 99.28 Mn |
| 9 | Heartflow | 3.66 Bn | 3.28 Bn | 53.19 Mn | 71.09 Mn |
| 10 | Privia Health | 2.78 Bn | 2.42 Bn | - | 620.86 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 143.51 Mn |
| Mar 31, 2026 | 122.16 Mn |
| Dec 31, 2025 | 116.77 Mn |
| Sep 30, 2025 | 132.29 Mn |
| Jun 30, 2025 | 678.43 Mn |
| Mar 31, 2025 | 87.10 Mn |
| Dec 31, 2024 | 75.18 Mn |
| Sep 30, 2024 | 83.10 Mn |
| Jun 30, 2024 | 84.17 Mn |