Last 7 quarters of trend data · Healthcare · Medical - Healthcare Information Services
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Hinge Health, Inc.'s quarterly P/E stands at 23.5x.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q1 '24 |
|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -12.59 | 23.51 | 31.39 | — | — | — | — | — |
| — | — | — | — | — | — | — | — | |
| P/S Ratio | 8.75 | 4.36 | 5.75 | 6.27 | 7.26 | — | — | — |
| — | — | — | — | — | — | — | — | |
| P/B Ratio | 14.10 | 10.20 | 10.37 | 9.49 | 10.81 | — | — | — |
| — | — | — | — | — | — | — | — | |
| P/FCF | 30.14 | 18.47 | 15.46 | 11.90 | 54.86 | — | — | — |
| — | — | — | — | — | — | — | — | |
| EV / EBITDA | — | 23.36 | 32.71 | — | — | — | — | — |
| — | — | — | — | — | — | — | — | |
| EV / EBIT | — | 23.36 | 34.18 | — | — | — | — | — |
| — | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Hinge Health, Inc.'s operating margin was 17.6% in Q1 2026, up 1.6 pp QoQ and up 7.0 pp YoY. This marks the 4th consecutive quarter of margin expansion, signaling a sustained improvement in operating efficiency. The trailing four-quarter average of -97.0% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin expanded 4.5% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q1 '24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 79.6% | 84.6% | 84.4% | 81.8% | 70.3% | 80.9% | 81.9% | 70.1% |
| — | +4.5% | +2.9% | +16.8% | — | — | — | — | |
| Operating Margin | -92.9% | 17.6% | 16.0% | -4.0% | -417.5% | 10.6% | 18.2% | -36.7% |
| — | +65.8% | -12.2% | +89.2% | — | — | — | — | |
| Net Margin | -89.9% | 19.3% | 18.8% | -1.2% | -413.8% | 13.8% | 23.1% | -32.0% |
| — | +39.2% | -18.7% | +96.3% | — | — | — | — |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q1 '24 |
|---|---|---|---|---|---|---|---|---|
| ROE | -132.9% | 10.2% | 8.2% | -0.5% | -141.7% | 4.0% | 6.4% | -6.2% |
| — | +154.1% | +27.0% | +92.4% | — | — | — | — | |
| ROA | -74.5% | 4.8% | 4.2% | -0.3% | -81.9% | 2.5% | 4.0% | — |
| — | +93.1% | +5.6% | — | — | — | — | — | |
| ROIC | -268.2% | 15.6% | 12.2% | -3.0% | -283.8% | 6.7% | 5.7% | -5.3% |
| — | +131.4% | +114.1% | +43.2% | — | — | — | — |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Hinge Health, Inc.'s Debt/EBITDA ratio is 0.2x, down from 0.3x last quarter — comfortably within a safe range. The current ratio has weakened 47.2% YoY to 1.22x, tightening the short-term liquidity position.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q1 '24 |
|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.02 | 0.02 | 0.02 | 0.02 | 0.03 | 0.02 | 0.04 | — |
| — | -3.1% | -51.7% | — | — | — | — | — | |
| Debt / EBITDA | — | 0.22 | 0.28 | — | — | 0.70 | 0.86 | — |
| — | -69.0% | -67.0% | — | — | — | — | — | |
| Current Ratio | 1.47 | 1.22 | 1.47 | 1.85 | 1.91 | 2.31 | 2.27 | — |
| — | -47.2% | -35.0% | — | — | — | — | — | |
| Quick Ratio | 1.43 | 1.19 | 1.43 | 1.81 | 1.86 | 2.26 | 2.17 | — |
| — | -47.6% | -34.0% | — | — | — | — | — | |
| Interest Coverage | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — |
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Hinge Health, Inc.'s current P/E is -12.6x. The average P/E over the last 2 quarters is 27.4x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Hinge Health, Inc.'s current operating margin is -92.9%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Hinge Health, Inc.'s business trajectory between earnings reports.