Hinge Health (HNGE) Operating Expenses (2024 - 2026)
Hinge Health's (HNGE) quarterly Operating Expenses came in at $122.2 million in Q1 2026, up 40.26% year-on-year from $87.1 million in Q1 2025, and up 4.62% quarter-over-quarter from $116.8 million in Q4 2025.
Hinge Health (HNGE) Operating Expenses (2024 - 2026) Analysis & Trends
Hinge Health has disclosed Operating Expenses across 3 years of filings, most recently posting $122.2 million for Q1 2026.
- Operating Expenses for Q1 2026 came in at $122.2 million, up 40.26% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.0 billion (up 218.52% YoY), and the FY2025 annual result was $1.0 billion, up 205.77% from the prior year.
- Operating Expenses came in at $122.2 million for Q1 2026 at Hinge Health, up 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.
- The 3-year median for Operating Expenses is $101.9 million (2025), against an average of $172.4 million.
- Across the five-year window, Operating Expenses surged 706.05% in 2025 and surged 40.26% in 2026, its largest moves.
- Hinge Health's Operating Expenses stood at $75.2 million in 2024, then surged by 55.33% to $116.8 million in 2025, then grew by 4.62% to $122.2 million in 2026.
- The last three Operating Expenses figures came in at $122.2 million (Q1 2026), $116.8 million (Q4 2025), and $132.3 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 24.83 Bn | 17.52 Bn | 662.02 Mn | 388.91 Mn |
| 2 | BrightSpring Health Services | 13.57 Bn | 12.69 Bn | 482.22 Mn | 360.77 Mn |
| 3 | Healthequity | 7.20 Bn | 6.93 Bn | 256.31 Mn | 153.36 Mn |
| 4 | Hinge Health | 5.42 Bn | 5.11 Bn | 154.23 Mn | 122.16 Mn |
| 5 | 10x Genomics | 4.46 Bn | 3.92 Bn | 106.18 Mn | 123.22 Mn |
| 6 | Doximity | 3.81 Bn | 3.06 Bn | 125.97 Mn | 101.14 Mn |
| 7 | Waystar Holding | 3.52 Bn | 3.36 Bn | 268.04 Mn | 233.41 Mn |
| 8 | Privia Health | 2.94 Bn | 2.57 Bn | 595.71 Mn | 596.43 Mn |
| 9 | Omnicell | 1.76 Bn | 1.59 Bn | 140.36 Mn | 123.51 Mn |
| 10 | Teladoc Health | 1.45 Bn | 696.57 Mn | 562.57 Mn | 675.61 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 |