Hinge Health (HNGE) Research & Development (2024 - 2026)
Hinge Health (HNGE) posted Research & Development of $30.3 million for Q1 2026, down 72.59% sequentially from $110.7 million in Q4 2025, and down 35.06% YoY from $46.7 million in Q1 2025.
Hinge Health (HNGE) Research & Development (2024 - 2026) Analysis & Trends
Hinge Health has reported Research & Development for 3 years, with the latest figure at $30.3 million in Q1 2026.
- Quarterly Research & Development fell 35.06% year-over-year to $30.3 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $351.8 million (up 444.07% YoY) and the FY2025 annual result came in at $368.1 million, up 265.07% from the prior year.
- Research & Development eased to $30.3 million in Q1 2026 per HNGE's latest filing, from $110.7 million in the prior quarter.
- Over five years, Research & Development peaked at $147.2 million in Q2 2025 and troughed at -$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.
- The sharpest annual moves came in 2025 and 2026: Research & Development soared 490.8% in 2025, then slumped 35.06% in 2026.
- Over 3 years, Research & Development stood at -$30.8 million in 2024, then surged by 459.7% to $110.7 million in 2025, then tumbled by 72.59% to $30.3 million in 2026.
- According to Business Quant data, Research & Development over the past three periods registered $30.3 million, $110.7 million, and $63.5 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 39.72 Bn | 32.40 Bn | 662.02 Mn | 208.32 Mn |
| 2 | BrightSpring Health Services | 12.19 Bn | 11.64 Bn | 492.75 Mn | - |
| 3 | Healthequity | 8.79 Bn | 8.52 Bn | 256.31 Mn | 26.83 Mn |
| 4 | 10x Genomics | 7.31 Bn | 6.76 Bn | 112.50 Mn | 56.79 Mn |
| 5 | Hinge Health | 7.10 Bn | 6.71 Bn | 183.95 Mn | 81.41 Mn |
| 6 | MiniMed | 5.66 Bn | 5.36 Bn | 480.00 Mn | 99.00 Mn |
| 7 | Waystar Holding | 4.76 Bn | 4.56 Bn | 221.99 Mn | 50.38 Mn |
| 8 | Doximity | 4.46 Bn | 3.77 Bn | 132.93 Mn | 45.05 Mn |
| 9 | Heartflow | 3.66 Bn | 3.28 Bn | 53.19 Mn | 30.58 Mn |
| 10 | Privia Health | 2.78 Bn | 2.42 Bn | - | 8.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 81.41 Mn |
| 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 |