HINGE HEALTH INC CLASS A (HNGE)
Health Care · Digital musculoskeletal care and telehealth · NYSE
Hinge Health is an AI-driven digital MSK care platform that automates personalized pain treatment and physical therapy through motion-tracking technology and wearable devices, scaling care to millions while reducing surgical need and employer costs.
What HINGE HEALTH INC CLASS A does
Hinge Health operates an AI-powered digital health platform for musculoskeletal (MSK) care that combines proprietary motion-tracking technology (TrueMotion), a wearable electrical nerve stimulation device (Enso), and a care team of licensed physical therapists and health coaches. The platform delivers personalized, remote exercise therapy and pain management to reduce surgical needs and improve outcomes for self-insured employers, health plans, and Medicare Advantage populations. The company has scaled to serve 2,849 clients with 25 million contracted lives through a direct sales and partnership model with major health plans and PBMs.
Themes: ["AI-powered digital health","Musculoskeletal (MSK) care and pain management","Remote care delivery / virtual physical therapy","Wearable health devices","Healthcare cost reduction","Chronic pain management","Post-surgical rehabilitation"]
Fundamentals
- Price$89.92 as of 2026-07-09 close
- Market cap$6.8B as of 2026-07-10
- 1-year return+105.3% as of 2026-07-09 close
- Net margin-79.0% as of 2026-07-10
- Gross margin+80.8% as of 2026-07-10
- ROE-138.7% as of 2026-07-10
- Debt / equity0.00 as of 2026-07-10
- Revenue growth (YoY)+47.2% as of 2026-07-10
- Revenue CAGR (3y)+41.7% SEC XBRL
- Beta1.45 as of 2026-07-10
Key risks (from latest filing)
["Unprofitable with -78.95% net margin; significant R&D and platform development costs may limit path to profitability","Dependence on large self-insured employers and partnerships with major health plans and PBMs; loss of key clients or partners could materially reduce revenue","Competition from traditional physical therapy, telehealth providers, and other digital MSK platforms; differentiation through AI and outcomes validation is critical"]
Competitors & peers
- Sword Health (digital MSK and physical therapy platform)
- Ro (virtual care platform including pain management)
- GoodRx (telehealth and pharmacy services)
- Teladoc Health (telehealth platform)
- Omada Health (digital chronic disease management)
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.