Hinge Health’s TrueMotion feature.
Courtesy: Hinge Health
Hinge Health on Monday updated its prospectus to incorporate the outcomes from its first quarter, which showed accelerating revenue growth over its fourth quarter.
The digital physical therapy startup filed to go public in March, nevertheless it has not shared a price range yet. Hinge said that revenue in its first quarter climbed 50% to $123.8 million, up from $82.7 million throughout the same period last 12 months. Hinge reported $117.3 million in revenue during its fourth quarter, up 44% from the identical period in 2023.
Hinge said its net income for the period was $17.1 million after taxes, up from a net lack of $26.5 million after taxes throughout the same period last 12 months.
The corporate is attempting to go public at a time of utmost economic uncertainty and market volatility, spurred largely by President Donald Trump’s sweeping tariff policy. Several firms, including online lender Klarna and ticket marketplace StubHub, have delayed their long-awaited IPOs.
Hinge’s updated prospectus signals to investors that the corporate is planning to forge ahead.
While the corporate’s revenue jumped 50%, the price of products sold fell barely. That allowed Hinge to lift its gross margin to 81% from 70% a 12 months earlier and record an operating income of $13.1 million after losing $31. 4 million in the identical period a 12 months earlier.
Hinge uses software to assist patients treat acute musculoskeletal injuries, chronic pain and perform post-surgery rehabilitation remotely. Large employers cover the prices so their employees can access Hinge’s app-based virtual physical therapy, in addition to its wearable electrical nerve stimulation device called Enso.
Daniel Perez, Hinge’s CEO, and Gabriel Mecklenburg, the corporate’s executive chairman, co-founded the corporate in 2014 after experiencing personal struggles with physical rehabilitation.
Correction: A previous version of this story incorrectly stated that Q1 2025 was the corporate’s first profitable quarter. Hinge was profitable previously.
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