your badges 52W Range $30–$100 97% of range Analyst Rating BUY 22 analysts Price Target $109 +12% upside P/E 32.3 ROE 42.1% Net Profit Margin 15.1%

HNGE Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

03
Price $97.67
Market Cap (MRQ) $7.83B
P/E (TTM) 32.3
EPS (TTM) $3.02
Revenue (TTM) $720M
ROE (TTM) 42.1%
52W Range $30–$100

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10-Year Performance Revenue, net income, margins and EPS trends

06
Revenue$588M
2023-12-31 → 2025-12-31
EPS$-7.77
2023-12-31 → 2025-12-31
Free Cash Flow$171M
2025-12-31 → 2025-12-31
Net margin15.1%
2025-12-31 → 2025-12-31
Valuation & Ratios 07–12

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric 5Y trend HNGE 5Y avg Peer Median Verdict
P/E (TTM) 32.3 · · ·
P/S (TTM) 10.9 · · ·
P/B (MRQ) 22.7 · · ·
Price / FCF (TTM) 27.0 · · ·
Price / Cash Flow (TTM) 26.9 · · ·
Price / Tangible Book (MRQ) 22.9 · · ·

Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.

value · ≈ 5Y avg · industry median · verdict relative to median

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

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Avg Surprise 166.4%
PeriodReportEPS ActualEPS EstSurprise
June 30, 2026 $0.59 $0.60 -1.9%
March 31, 2026 $0.45 $0.39 16.3%
Dec. 31, 2025 $0.49 $0.40 22.0%
Sept. 30, 2025 $0.44 $0.23 92.1%
June 30, 2025 $0.71 $0.09 703.6%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

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Income Statement 16
Metric Trend 202520242023
Revenue $588M$390M$293M
Cost of Revenue $120M$91M$99M
Gross Profit $468M$300M$194M
R&D Expense $368M$101M$110M
SG&A Expense $330M$64M$67M
Operating Expenses $1.01B$332M$325M
Operating Income $-546M$-32M$-131M
Other Non-op $19M$21M$22M
Pretax Income $-527M$-11M$-109M
Income Tax $998.0K$677.0K$-405.0K
Net Income $-528M$-12M$-108M
EPS (Basic) $-7.77$-0.88$-8.31
EPS (Diluted) $-7.77$-0.88$-8.31
Shares (Basic) 54,577,00013,558,00013,017,000
Shares (Diluted) 54,577,00013,558,00013,017,000
EBITDA $-546M··
Balance Sheet 25
Metric Trend 202520242023
Cash & Equivalents $208M$301M$235M
Short-term Investments ·$166M·
Receivables $66M$42M·
Inventory $16M$11M·
Prepaid Expense $57M$45M·
Other Current Assets $6M$7M·
Current Assets $534M$583M·
PP&E (Net) $10M$7M·
PP&E (Gross) $30M$24M·
Accum. Depreciation $20M$17M·
Goodwill $64M$62M·
Intangibles $3M$2M·
Other Non-current Assets $14M$9M·
Total Assets $745M$673M·
Accounts Payable $57M$28M·
Current Liabilities $362M$249M·
Capital Leases $4M$7M·
Total Liabilities $366M$257M·
Common Stock ·$0·
Paid-in Capital $1.23B$88M·
Retained Earnings $-1.05B$-523M·
AOCI $-20.0K$68.0K·
Stockholders' Equity $179M$-435M$-424M
Liabilities + Equity $745M$673M·
Shares Outstanding 79,171,30416,379,90615,956,516
Cash Flow 13
Metric Trend 202520242023
D&A $5M$6M$6M
Stock-based Comp $643M$739.0K$2M
Deferred Tax $53.0K$-585.0K$-473.0K
Amort. of Intangibles $900.0K$400.0K$400.0K
Operating Cash Flow $171M$49M$-64M
CapEx $708.0K$1M$2M
Investing Cash Flow $-114M$18M$2M
Stock Issued $8M$0$0
Stock Repurchased $65M$0$0
Net Stock Activity $-57M··
Financing Cash Flow $-150M$-2M$-3M
Taxes Paid $2M$0$0
Free Cash Flow $171M··
Profitability 8
Metric Trend 202520242023
Gross Margin 79.7%··
Operating Margin -92.9%··
Net Margin -89.9%··
Pretax Margin -89.7%··
EBITDA Margin -92.9%··
ROA -74.5%··
ROE -299.8%··
ROIC -306.4%··
Liquidity & Solvency 2
Metric Trend 202520242023
Current Ratio 1.5··
Quick Ratio 0.8··
Efficiency 3
Metric Trend 202520242023
Asset Turnover 0.8··
Inventory Turnover 9.0··
Receivables Turnover 10.8··
Per Share 3
Metric Trend 202520242023
Revenue / Share $10.77··
Cash Flow / Share $3.14··
EPS (TTM) $-7.77··
Growth Rates 1
Metric Trend 202520242023
Revenue YoY 50.6%33.4%·
Valuation (TTM) 9
Metric Trend 202520242023
Revenue TTM $588M··
Net Income TTM $-528M··
Market Cap $0··
P/E -6.0··
P/S 0.0··
P / Tangible Book 0.0··
P / Cash Flow 0.0··
P / FCF 0.0··
Earnings Yield -16.7%··

Most recent period on the left · null values shown as ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

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Metric 2025-12-312024-12-312023-12-31
Revenue $588M $390M $293M
Gross Margin % 79.7% · ·
Operating Margin % -92.9% · ·
Net Income $-528M $-12M $-108M
Diluted EPS $-7.77 $-0.88 $-8.31

Institutional owners (13F) 295 filers · $4.9B total · As of June 30, 2026

17

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Holders 295
Value held $4.9B
New positions 105
Exited positions 26
Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
105 (+38 vs prior Q) 26 (-9 vs prior Q) 96 (+22 vs prior Q) 68 (+17 vs prior Q) +2.6M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
BlackRock, Inc. $296,320,873 3,570,131 6.04% Shares
11.2 Capital Management, LLC $204,566,531 2,464,657 4.17% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $178,120,656 2,146,032 3.63% Shares
Deer Management Co. LLC $158,422,681 1,908,707 3.23% Shares
VANGUARD CAPITAL MANAGEMENT LLC $157,105,222 1,892,834 3.20% Shares
TWO SIGMA INVESTMENTS, LP $150,055,285 1,807,895 3.06% Shares
FULLER & THALER ASSET MANAGEMENT, INC. $142,138,122 1,712,507 2.90% Shares
MORGAN STANLEY $133,953,926 1,613,901 2.73% Shares
FRANKLIN RESOURCES INC $131,061,643 1,579,056 2.67% Shares
VANGUARD GROUP INC $121,026,961 2,605,532 2.47% Shares
JANE STREET GROUP, LLC $117,720,311 1,418,317 2.40% Shares
BRAIDWELL LP $110,400,541 1,330,127 2.25% Shares
Divisadero Street Capital Management, LP $107,121,709 1,290,623 2.18% Shares
Walleye Capital LLC $105,214,950 1,267,650 2.14% Shares
WELLINGTON MANAGEMENT GROUP LLP $100,063,472 1,205,584 2.04% Shares
BIT Capital GmbH $95,881,849 1,155,203 1.95% Shares
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP $92,874,344 1,118,968 1.89% Shares
BAMCO INC /NY/ $92,767,274 1,117,678 1.89% Shares
MARSHALL WACE, LLP $87,335,256 1,052,232 1.78% Shares
GOLDMAN SACHS GROUP INC $83,934,248 1,011,256 1.71% Shares
STATE STREET CORP $79,699,962 960,648 1.62% Shares
GEODE CAPITAL MANAGEMENT, LLC $75,842,281 913,590 1.55% Shares
OBERWEIS ASSET MANAGEMENT INC/ $71,004,508 855,476 1.45% Shares
BNP PARIBAS FINANCIAL MARKETS $70,642,628 851,116 1.44% Shares
VOYA INVESTMENT MANAGEMENT LLC $64,587,944 778,168 1.32% Shares
RENAISSANCE TECHNOLOGIES LLC $63,021,900 759,300 1.28% Shares
CITADEL ADVISORS LLC $62,923,130 758,110 1.28% Shares
JPMORGAN CHASE & CO $58,679,859 718,176 1.20% Shares
BANK OF AMERICA CORP /DE/ $58,552,302 705,449 1.19% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $52,298,300 630,100 1.07% Call option
NOMURA ASSET MANAGEMENT INTERNATIONAL INC. $47,946,000 577,662 0.98% Shares
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND $47,788,495 575,765 0.97% Shares
Shannon River Fund Management LLC $46,581,592 561,224 0.95% Shares
Vitruvian Partners LLP $42,047,717 506,599 0.86% Shares
RTW INVESTMENTS, LP $41,500,000 500,000 0.85% Shares
UBS Group AG $38,948,331 469,257 0.79% Shares
ALKEON CAPITAL MANAGEMENT LLC $38,686,632 466,104 0.79% Shares
First Eagle Investment Management, LLC $35,701,786 430,142 0.73% Shares
Invesco Ltd. $34,509,823 415,781 0.70% Shares
Tyro Capital Management LLC $33,493,903 403,541 0.68% Shares
JANE STREET GROUP, LLC $33,158,500 399,500 0.68% Call option
Estuary Capital Management LP $32,641,410 393,270 0.67% Shares
Apis Capital Advisors, LLC $30,876,000 372,000 0.63% Shares
LOOMIS SAYLES & CO L P $30,042,182 361,954 0.61% Shares
EMERALD ADVISERS, LLC $29,768,365 358,655 0.61% Shares
Nuveen, LLC $29,595,725 356,575 0.60% Shares
NORTHERN TRUST CORP $28,976,047 349,109 0.59% Shares
CITIGROUP INC $28,569,679 344,213 0.58% Shares
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC $28,043,376 337,872 0.57% Shares
ArrowMark Colorado Holdings LLC $27,845,587 335,489 0.57% Shares

Show all 295 institutional owners →

Company insiders 8 insiders · 3 officers · 6 directors

19
Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Daniel Antonio Perez CEO & Co-Founder Sept. 10, 2026 C 35,470 0 17 $-53,152,210
James Budge Chief Financial Officer Oct. 1, 2026 F 344,448 0 22 $-9,360,214
James Pursley President Oct. 1, 2026 F 666,078 0 23 $-11,793,298
Gabriel M.I. Mecklenburg Director Sept. 14, 2026 C 0 0 34 $-69,817,689
Elliott Robinson Director Sept. 14, 2026 S 0 0 0 $0
Kristina M Leslie Director Aug. 20, 2026 S 30,387 0 4 $-417,709
Teddie Benjamin Wardi Director Aug. 10, 2026 J 4,637 0 0 $0
Tyler Sloat Director July 5, 2026 A 10,210 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 26 ETFs

20

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
PTH · Invesco Exchange-Traded Fund Trust 2.40% 70,557 SH Oct. 2, 2026 Daily
FYC · First Trust Exchange-Traded AlphaDE… 0.61% 105,731 NS July 31, 2026 N-PORT
IHF · iShares Trust 0.41% 60,916 SH Sept. 11, 2026 Daily
DWAS · Invesco Exchange-Traded Fund Trust … 0.41% 16,998 SH Oct. 2, 2026 Daily
FYX · First Trust Exchange-Traded AlphaDE… 0.29% 52,550 NS July 31, 2026 N-PORT
IWO · iShares Trust 0.24% 393,336 SH Sept. 11, 2026 Daily
NUSC · Nushares ETF Trust 0.22% 37,120 NS July 31, 2026 N-PORT
VTWG · VANGUARD SCOTTSDALE FUNDS 0.20% 44,788 SH Aug. 19, 2026 Daily
BBSC · J.P. Morgan Exchange-Traded Fund Tr… 0.13% 11,695 NS July 31, 2026 N-PORT
FAD · First Trust Exchange-Traded AlphaDE… 0.12% 9,577 NS July 31, 2026 N-PORT
IWM · iShares Trust 0.12% 1,070,060 SH Sept. 11, 2026 Daily
BKSE · BNY Mellon ETF Trust 0.12% 1,358 NS July 31, 2026 N-PORT
VTWO · VANGUARD SCOTTSDALE FUNDS 0.11% 240,388 SH Aug. 19, 2026 Daily
RSSL · Global X Funds 0.10% 19,998 NS July 31, 2026 N-PORT
VBR · VANGUARD INDEX FUNDS 0.08% 676,466 SH Aug. 19, 2026 Daily
ESML · iShares Trust 0.08% 24,628 SH Sept. 11, 2026 Daily
VB · VANGUARD INDEX FUNDS 0.05% 1,065,850 SH Aug. 19, 2026 Daily
VHT · VANGUARD WORLD FUND 0.05% 115,095 SH Aug. 19, 2026 Daily
FHLC · FIDELITY COVINGTON TRUST 0.04% 18,177 NS July 31, 2026 N-PORT
WSML · iShares Trust 0.03% 2,541 SH Sept. 11, 2026 Daily
VXF · VANGUARD INDEX FUNDS 0.03% 364,026 SH Aug. 19, 2026 Daily
VTI · VANGUARD INDEX FUNDS 0.01% 1,477,409 SH Aug. 19, 2026 Daily
IWV · iShares Trust 0.00% 11,194 SH Sept. 11, 2026 Daily
ITOT · iShares Trust 0.00% 41,616 SH Sept. 11, 2026 Daily
VTHR · VANGUARD SCOTTSDALE FUNDS 0.00% 3,445 SH Aug. 19, 2026 Daily
ISCB · iShares Trust · 1,941 SH Sept. 11, 2026 Daily

HNGE Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

21
rating · 22 analysts BUY
Median target $108.50 +11.1%
4 18.2% Strong Buy
16 72.7% Buy
2 9.1% Hold
0 0.0% Sell
0 0.0% Strong Sell

12-Month Price Target

16 analysts · 2026-10-04

Mean target $109.31 +11.9%

Now Current price $97.67
Low$90.00 Mean$109.31 High$140.00

Peer comparison (GICS sub-industry) Key metrics vs sector peers

22

FY basis, prices as of each company's last fiscal year-end close.

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
HNGE $0 -6.0 50.6% -89.9% -299.8% 79.7%
LH $20.62B 24.0 7.2% 6.3% 10.3% 28.8%
GH $13.34B -30.8 32.9% -42.4% 205.7% ·
LH $20.62B 24.0 7.2% 6.3% 10.3% 28.8%
BTSG $7.20B 43.0 28.2% 1.5% 10.8% 11.8%
DVA $7.79B 11.5 6.5% 5.5% -281.8% ·
HIMS · 63.7 59.0% 5.5% 23.3% 73.8%
CHE · 23.3 4.1% 10.5% 24.4% ·
RDNT $5.28B -285.4 11.5% -0.91% -1.9% ·
BLLN $0 584.6 100.0% 2.4% 6.5% 68.3%
CVS $100.87B 57.1 7.8% 0.44% 2.4% ·

Latest News Recent headlines mentioning this company

23
Hinge Health Q1 Earnings Call Highlights Yahoo Finance · 4 months, 3 weeks ago

My Metrics Your personal watchlist — selected rows from Full Fundamentals

26

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Source: SEC 10-Q filed Aug 6, 2026