Hinge Health (HNGE) Operating Margin (2024 - 2026)
Hinge Health recorded quarterly Operating Margin of 17.59% in Q1 2026, up 10.18% quarter-over-quarter from 15.96% in Q4 2025, and up 698.0% year-over-year from 2.2% in Q1 2025.
Hinge Health's Operating Margin history runs 3 years deep, the most recent figure standing at 17.59% for Q1 2026.
- In Q1 2026, Operating Margin rose 698.0% year-over-year to 17.59%; the TTM figure through Mar 2026 stood at 81.6% (down 8454.0% YoY), while the FY2025 annual figure was 92.94%, down 8477.0% from the prior year.
- Operating Margin came in at 17.59% for Q1 2026 at Hinge Health, up from 15.96% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 17.83% in Q4 2024 to a low of 417.45% in Q2 2025.
- A 3-year average of 47.85% and a median of 3.39% in 2024 frame the typical range for Operating Margin.
- Across the five-year window, Operating Margin plunged 39792 bps in 2025 and soared 698 bps in 2026, its largest moves.
- Hinge Health's Operating Margin stood at 17.83% in 2024, then dropped by 10 bps to 15.96% in 2025, then grew by 10 bps to 17.59% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 17.59%, 15.96%, and 3.95% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 30.85 Bn | 24.28 Bn | 622.47 Mn | 29.41% |
| 2 | BrightSpring Health Services | 12.29 Bn | 11.41 Bn | 482.22 Mn | 3.36% |
| 3 | Healthequity | 7.80 Bn | 7.48 Bn | 256.31 Mn | 29.03% |
| 4 | Hinge Health | 4.82 Bn | 4.51 Bn | 154.23 Mn | 17.59% |
| 5 | Doximity | 4.21 Bn | 3.46 Bn | 125.97 Mn | 17.08% |
| 6 | Waystar Holding | 4.18 Bn | 4.03 Bn | 268.04 Mn | 25.64% |
| 7 | 10x Genomics | 3.78 Bn | 3.24 Bn | 106.18 Mn | -11.30% |
| 8 | Privia Health | 2.65 Bn | 2.28 Bn | 595.71 Mn | 1.23% |
| 9 | Omnicell | 1.95 Bn | 1.78 Bn | 140.36 Mn | 5.44% |
| 10 | Teladoc Health | 1.42 Bn | 672.39 Mn | 562.57 Mn | -10.06% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 17.59% |
| Dec 31, 2025 | 15.96% |
| Sep 30, 2025 | -3.95% |
| Jun 30, 2025 | -417.45% |
| Mar 31, 2025 | 10.61% |
| Dec 31, 2024 | 17.83% |
| Sep 30, 2024 | -3.82% |
| Jun 30, 2024 | -19.54% |