Hinge Health - Public Comps and Valuation Multiples

Hinge Health Overview

About Hinge Health

Hinge Health Inc is a technology platform for individuals seeking to treat and prevent joint and muscle pain. Through a combination of AI-powered motion tracking technology, the Company’s platform helps members address musculoskeletal (MSK) conditions, enables improved member outcomes and supports cost reductions for its clients. The Company’s clients are self-insured employers.

Founded

2016

HQ

Employees

n/a

Website

hingehealth.com

Sectors

Long-Term Care
Health Data & Analytics

Financials

LTM Revenue $572M

LTM EBITDA $107M

EV

$2.6B

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Hinge Health Financials

As of December 2025, Hinge Health reported last 12-month revenue of $572M and EBITDA of $107M.

In the same period, Hinge Health generated $468M in LTM gross profit and -$546M in net income.

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Hinge Health P&L

In the most recent fiscal year, Hinge Health reported revenue of $390M and EBITDA of -$26.0M.

Hinge Health expects next 12-month revenue of XXX and NTM EBITDA of XXX

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	LTM	NTM	Last FY	FY 2026	FY 2027	FY 2028
Revenue	$572M	XXX	$390M	XXX	XXX	XXX
Gross Profit	$468M	XXX	$300M	XXX	XXX	XXX
Gross Margin	82%	XXX	77%	XXX	XXX	XXX
EBITDA	$107M	XXX	-$26.0M	XXX	XXX	XXX
EBITDA Margin	19%	XXX	-7%	XXX	XXX	XXX
EBIT	$106M	XXX	-$31.9M	XXX	XXX	XXX
EBIT Margin	18%	XXX	-8%	XXX	XXX	XXX
Net Profit	-$546M	XXX	-$11.9M	XXX	XXX	XXX
Net Margin	-95%	XXX	-3%	XXX	XXX	XXX
Net Debt	XXX	XXX	n/a	XXX	XXX	XXX

Financial data powered by Morningstar, Inc.

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Financial performance metrics for Hinge Health including revenue, profitability, and margin analysis across different time periods. The company reported last twelve months revenue of $572M. EBITDA for the last twelve months was $107M. In the most recent fiscal year, Hinge Health achieved $390M in revenue and -$26.0M in EBITDA.
Financial Metric	Last Twelve Months (LTM)	Next Twelve Months (NTM)	Most Recent Fiscal Year	Current Fiscal Year (2026)	Next Fiscal Year (2027)	Two Years Forward (2028)
Total Revenue	$572M	Analyst estimates available to subscribers	$390M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Gross Profit	$468M	Analyst estimates available to subscribers	$300M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Gross Profit Margin	81.8% gross margin	Analyst estimates available to subscribers	76.8% gross profit margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBITDA (Earnings Before Interest, Taxes, Depreciation, Amortization)	$107M	Analyst estimates available to subscribers	-$26.0M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBITDA Margin	18.7% EBITDA margin	Analyst estimates available to subscribers	-6.6% EBITDA margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBIT (Earnings Before Interest and Taxes)	$106M	Analyst estimates available to subscribers	-$31.9M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBIT Margin	18.4% EBIT margin	Analyst estimates available to subscribers	-8.2% EBIT margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Income (Net Profit)	-$546M	Analyst estimates available to subscribers	-$11.9M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Profit Margin	-95.5% net profit margin	Analyst estimates available to subscribers	-3.1% net profit margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Debt Position	Detailed debt information available to subscribers	Detailed debt information available to subscribers	n/a	Detailed debt information available to subscribers	Detailed debt information available to subscribers	Detailed debt information available to subscribers

Financial Performance Summary for Hinge Health

This financial data table provides comprehensive performance metrics for Hinge Health, a company based in United States of America. The metrics include revenue, profitability measures, and operational efficiency indicators across multiple time periods.

Recent Performance Highlights

Hinge Health generated $572M in revenue over the last twelve months.
The company achieved $107M in EBITDA over the last twelve months.
Gross profit for the last twelve months was $468M.
Net income over the last twelve months reached -$546M.

Fiscal Year Performance

In the most recent fiscal year, Hinge Health reported $390M in total revenue.
Fiscal year EBITDA was -$26.0M.
The company maintained a gross profit margin of 76.8% in the most recent fiscal year.
EBITDA margin for the fiscal year was -6.6%.
Net profit margin reached -3.1% in the most recent fiscal year.

This financial data is sourced from Morningstar, Inc. and represents the most recent available information for Hinge Health. Forward-looking estimates and detailed financial projections are available through our premium subscription service.

Hinge Health Stock Performance

Hinge Health has current market cap of $2.9B, and EV of $2.6B.

Market Cap Evolution

Hinge Health Stock Data

As of January 30, 2026, Hinge Health's stock price is $36.

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EV	Market Cap	Price 1D	Price 1M	Price 3M	Price 12M	EPS
$2.6B	$2.9B	XXX	XXX	XXX	XXX	$1.39

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Hinge Health Valuation Multiples

Hinge Health's trades at 4.5x EV/Revenue multiple, and 24.1x EV/EBITDA.

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Hinge Health Financial Valuation Multiples

As of January 30, 2026, Hinge Health has market cap of $2.9B and EV of $2.6B.

Equity research analysts estimate Hinge Health's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Hinge Health has a P/E ratio of -5.2x.

	LTM	NTM	Last FY	FY 2026	FY 2027	FY 2028
Market cap (current)	$2.9B	XXX	$2.9B	XXX	XXX	XXX
EV (current)	$2.6B	XXX	$2.6B	XXX	XXX	XXX
EV/Revenue	4.5x	XXX	4.5x	XXX	XXX	XXX
EV/EBITDA	24.1x	XXX	24.1x	XXX	XXX	XXX
EV/EBIT	24.4x	XXX	24.4x	XXX	XXX	XXX
EV/Gross Profit	5.5x	XXX	n/a	XXX	XXX	XXX
P/E	-5.2x	XXX	-5.2x	XXX	XXX	XXX
EV/FCF	17.1x	XXX	17.1x	XXX	XXX	XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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Hinge Health Margins & Growth Rates

Hinge Health's last 12 month revenue growth is 22%

Hinge Health's revenue per employee in the last FY averaged n/a, while opex per employee averaged n/a for the same period.

Hinge Health's rule of 40 is -21% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Hinge Health's rule of X is 72% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

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Hinge Health Operational Valuation Multiples

	LTM	NTM	Last FY	FY 2026	FY 2027	FY 2028
Revenue Growth	22%	XXX	19%	XXX	XXX	XXX
EBITDA Margin	19%	XXX	19%	XXX	XXX	XXX
EBITDA Growth	31%	XXX	n/a	XXX	XXX	XXX
Rule of 40	-21%	XXX	40%	XXX	XXX	XXX
Bessemer Rule of X	XXX	XXX	72%	XXX	XXX	XXX
Revenue per Employee	XXX	XXX	n/a	XXX	XXX	XXX
Opex per Employee	XXX	XXX	n/a	XXX	XXX	XXX
S&M Expenses to Revenue	XXX	XXX	43%	XXX	XXX	XXX
G&A Expenses to Revenue	XXX	XXX	n/a	XXX	XXX	XXX
R&D Expenses to Revenue	XXX	XXX	26%	XXX	XXX	XXX
Opex to Revenue	XXX	XXX	85%	XXX	XXX	XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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