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| Date | Value |
|---|---|
| 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 |