Hinge Health, Inc.

Worth knowing

• Profit looks boosted by one-off gains. Reported profit is 1.1× operating cash profit (EBITDA), lifted by income outside the core business.Reported profit is 1.1× operating cash profit, lifted by income outside the core business.

  Hinge Health's reported profit is 1.1× its operating cash profit (EBITDA), which is unusual: normally it's the other way round. Income outside the core business, such as interest on a large cash pile, gains on investments or asset sales, or tax items, has lifted net income, so its earnings-based valuation may look cheaper than the business alone justifies.Hinge Health's reported profit is 1.1× its operating cash profit, which is unusual: normally it's the other way round. Income outside the core business, such as interest on a large cash pile, gains on investments or asset sales, or tax items, has lifted net income, so its earnings-based valuation may look cheaper than the business alone justifies.

• Earnings turned from a loss to a profit. Profit per share this year after a loss last year.

  Hinge Health made a profit per share in its latest year after a loss the year before.

• Cash flow well above reported profit. Free cash flow is 2.7× reported profit.

  Free cash flow is 2.7× reported profit. Large non-cash charges, such as depreciation, amortization or stock-based pay, reduce reported profit without using cash.

• Fast revenue growth. Revenue grew 50% in the 12 months to June 2026 vs the 12 months before, faster than 90% of peers.

  Revenue grew 50% in the 12 months to June 2026 vs the 12 months before, faster than 90% of its peers.