Hinge Health (HNGE) Research & Development (2024 - 2026)

Hinge Health (HNGE) reported Research & Development of $30.3 million for Q1 2026, down 35.06% on a YoY basis from $46.7 million in Q1 2025, and down 72.59% sequentially from $110.7 million in Q4 2025.

Hinge Health (HNGE) Research & Development (2024 - 2026) Analysis & Trends

Hinge Health (HNGE) has 3 years of Research & Development data on file, last reported at $30.3 million in Q1 2026.

  • For the quarter ending Q1 2026, Research & Development fell 35.06% year-over-year to $30.3 million; the trailing twelve-month figure through Mar 2026 stood at $351.8 million (up 444.07% YoY), and the FY2025 full-year result was $368.1 million, up 265.07% from the prior year.
  • Research & Development eased to $30.3 million in Q1 2026, from $110.7 million in the prior quarter.
  • In the past five years, Research & Development ranged from a high of $147.2 million in Q2 2025 to a low of -$30.8 million in Q4 2024.
  • A 3-year average of $52.1 million and a median of $38.5 million in 2025 frame the typical range for Research & Development.
  • Across the five-year window, Research & Development jumped 490.8% in 2025 and plunged 35.06% in 2026, its largest moves.
  • Tracing HNGE's Research & Development over 3 years: stood at -$30.8 million in 2024, then surged by 459.7% to $110.7 million in 2025, then plunged by 72.59% to $30.3 million in 2026.
  • Business Quant data shows HNGE's Research & Development at $30.3 million in Q1 2026, $110.7 million in Q4 2025, and $63.5 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Veeva Systems 29.34 Bn 22.03 Bn 662.02 Mn 208.32 Mn
2 BrightSpring Health Services 13.49 Bn 12.59 Bn 482.22 Mn -
3 Healthequity 7.96 Bn 7.70 Bn 256.31 Mn 26.83 Mn
4 10x Genomics 6.17 Bn 5.63 Bn 106.18 Mn 56.85 Mn
5 Hinge Health 6.02 Bn 5.70 Bn 154.23 Mn 30.34 Mn
6 MiniMed 4.19 Bn 3.89 Bn 480.00 Mn 99.00 Mn
7 Waystar Holding 4.14 Bn 4.07 Bn 216.84 Mn 45.83 Mn
8 Doximity 3.82 Bn 3.08 Bn 125.97 Mn 39.11 Mn
9 Privia Health 3.10 Bn 2.73 Bn - 8.13 Mn
10 Omnicell 1.81 Bn 1.57 Bn 140.36 Mn 21.52 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 30.34 Mn
Dec 31, 2025 110.67 Mn
Sep 30, 2025 63.52 Mn
Jun 30, 2025 147.23 Mn
Mar 31, 2025 46.72 Mn
Dec 31, 2024 -30.77 Mn
Sep 30, 2024 23.79 Mn
Jun 30, 2024 24.92 Mn