Hinge Health (HNGE) Operating Expenses (2024 - 2026)
Hinge Health (HNGE) reported Operating Expenses of $122.2 million for Q1 2026, up 40.26% on a YoY basis from $87.1 million in Q1 2025, and up 4.62% sequentially from $116.8 million in Q4 2025.
Hinge Health (HNGE) Operating Expenses (2024 - 2026) Analysis & Trends
Hinge Health (HNGE) has 3 years of Operating Expenses data on file, last reported at $122.2 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 40.26% year-over-year to $122.2 million; the trailing twelve-month figure through Mar 2026 stood at $1.0 billion (up 218.52% YoY), and the FY2025 full-year result was $1.0 billion, up 205.77% from the prior year.
- Operating Expenses advanced to $122.2 million in Q1 2026, from $116.8 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $678.4 million in Q2 2025 to a low of $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.
- Across the five-year window, Operating Expenses surged 706.05% in 2025 and surged 40.26% in 2026, its largest moves.
- Tracing HNGE's Operating Expenses over 3 years: stood at $75.2 million in 2024, then jumped by 55.33% to $116.8 million in 2025, then climbed by 4.62% to $122.2 million in 2026.
- Business Quant data shows HNGE's Operating Expenses at $122.2 million in Q1 2026, $116.8 million in Q4 2025, and $132.3 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 29.34 Bn | 22.03 Bn | 662.02 Mn | 388.91 Mn |
| 2 | BrightSpring Health Services | 13.49 Bn | 12.59 Bn | 482.22 Mn | 360.77 Mn |
| 3 | Healthequity | 7.96 Bn | 7.70 Bn | 256.31 Mn | 153.36 Mn |
| 4 | 10x Genomics | 6.17 Bn | 5.63 Bn | 106.18 Mn | 123.22 Mn |
| 5 | Hinge Health | 6.02 Bn | 5.70 Bn | 154.23 Mn | 122.16 Mn |
| 6 | MiniMed | 4.19 Bn | 3.89 Bn | 480.00 Mn | 398.00 Mn |
| 7 | Waystar Holding | 4.14 Bn | 4.07 Bn | 216.84 Mn | 233.41 Mn |
| 8 | Doximity | 3.82 Bn | 3.08 Bn | 125.97 Mn | 101.14 Mn |
| 9 | Privia Health | 3.10 Bn | 2.73 Bn | - | 596.43 Mn |
| 10 | Omnicell | 1.81 Bn | 1.57 Bn | 140.36 Mn | 123.51 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |