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
DateValue
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%