Hinge Health Reports Strong Q4 and Full-Year 2025 Results

Digital musculoskeletal clinic sees rapid revenue growth, expanding profitability, and significant free cash flow generation

Published on Feb. 10, 2026

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Hinge Health NYSE: HNGE reported strong fourth-quarter and full-year 2025 results, highlighting rapid revenue growth, expanding profitability, and significant free cash flow generation, alongside continued investment in AI-driven care delivery and the early rollout of its Hinge Select provider network.

Why it matters

Hinge Health's performance demonstrates the growing demand for digital healthcare solutions that can improve outcomes, enhance the patient experience, and reduce costs. As the company expands its AI capabilities and provider network, it is well-positioned to capitalize on the shift towards value-based care in the musculoskeletal health market.

The details

For the fourth quarter, Hinge Health posted revenue of $171 million, up 46% year over year, and full-year 2025 revenue reached $588 million, an increase of 51% from 2024. Profitability also improved, with gross margin at 85% in Q4 and 83% for the full year. The company generated $62 million in free cash flow in Q4 and $180 million for the year. Management cited AI-enabled automation as a key driver of care delivery efficiency, with the company serving 47% more members in 2025 while keeping care team costs flat. Hinge Health also discussed the early rollout of its Hinge Select provider network, which aims to integrate digital and in-person care elements.

  • Hinge Health reported its Q4 and full-year 2025 results on February 11, 2026.
  • The company's 2025 sales season was 'exceptional,' with 4.8 million net new contracted lives added, ending the year at approximately 24.6 million contracted lives.

The players

Hinge Health

A digital musculoskeletal (MSK) clinic that provides end-to-end solutions for the prevention and management of musculoskeletal conditions.

Daniel Perez

CEO of Hinge Health.

Jim Pursley

President of Hinge Health.

James Budge

CFO of Hinge Health.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident (San Francisco Chronicle)

“Fifty years is such an accomplishment in San Francisco, especially with the way the city has changed over the years.”

— Gordon Edgar, grocery employee (Instagram)

What’s next

The company guided to Q1 2026 revenue of $171 million to $173 million and non-GAAP operating income of $30 million to $32 million. For full-year 2026, Hinge Health forecast revenue of $732 million to $742 million and non-GAAP operating income of $151 million to $156 million.

The takeaway

Hinge Health's strong financial performance, driven by its innovative digital healthcare solutions and AI-powered care delivery, positions the company well to continue expanding its reach and impact in the musculoskeletal health market. The company's focus on improving outcomes, enhancing the patient experience, and reducing costs aligns with the broader shift towards value-based care in the healthcare industry.