Hinge Health debuts with 47% revenue growth, 85% margins, and $105M in buybacks

Filed May 7, 2026 · Period ending March 31, 2026 · ~1 min read

Key Changes

• high

  Revenue surged 47% YoY to $182M in Q1 2026, driven by existing client expansion. Gross margin improved to 85% (up 4 points) through care team and supply chain efficiencies. Net income more than doubled to $35M.

  MD&A: Financial Results verify on EDGAR →
• high

  Free cash flow jumped from $4M to $42M (23% margin), enabling $105M in share repurchases under a new $250M program. Company maintains $406M in cash and marketable securities.

  MD&A: Cash Flow & Capital Allocation verify on EDGAR →
• high

  Three health plan partners (HCSC, Elevance, Aetna) represent ~40% of revenue; 84% of total revenue flows through partner relationships. Loss of any major partner would materially impact results.

  Risk Factors: Client Concentration verify on EDGAR →