Hinge Health (HNGE) Operating Margin (2024 - 2026)
Hinge Health's (HNGE) quarterly Operating Margin came in at 17.59% in Q1 2026, up 698.0% year-on-year from 2.2% in Q1 2025, and up 10.18% quarter-over-quarter from 15.96% in Q4 2025.
Hinge Health (HNGE) Operating Margin (2024 - 2026) Analysis & Trends
Hinge Health has disclosed Operating Margin across 3 years of filings, most recently posting 17.59% for Q1 2026.
- Operating Margin for Q1 2026 came in at 17.59%, up 698.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 81.6% (down 8454.0% YoY), and the FY2025 annual result 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.
- The 3-year median for Operating Margin is 3.39% (2024), against an average of 47.85%.
- Across the five-year window, Operating Margin sank 39792 bps in 2025 and surged 698 bps in 2026, its largest moves.
- Hinge Health's Operating Margin stood at 17.83% in 2024, then slipped by 10 bps to 15.96% in 2025, then climbed by 10 bps to 17.59% in 2026.
- The last three Operating Margin figures came in at 17.59% (Q1 2026), 15.96% (Q4 2025), and 3.95% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 24.83 Bn | 17.52 Bn | 662.02 Mn | 30.93% |
| 2 | BrightSpring Health Services | 13.57 Bn | 12.69 Bn | 482.22 Mn | 3.36% |
| 3 | Healthequity | 7.20 Bn | 6.93 Bn | 256.31 Mn | 29.03% |
| 4 | Hinge Health | 5.42 Bn | 5.11 Bn | 154.23 Mn | 17.59% |
| 5 | 10x Genomics | 4.46 Bn | 3.92 Bn | 106.18 Mn | -11.30% |
| 6 | Doximity | 3.81 Bn | 3.06 Bn | 125.97 Mn | 17.08% |
| 7 | Waystar Holding | 3.52 Bn | 3.36 Bn | 268.04 Mn | 25.64% |
| 8 | Privia Health | 2.94 Bn | 2.57 Bn | 595.71 Mn | 1.23% |
| 9 | Omnicell | 1.76 Bn | 1.59 Bn | 140.36 Mn | 5.44% |
| 10 | Teladoc Health | 1.45 Bn | 696.57 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% |