Hinge Health’s TrueMotion feature.
- Hinge Health said in its updated IPO prospectus on Monday that revenue in the first quarter climbed 50% to $123.8 million.
- The digital health company is pushing towards a public market debut but still hasn't provided a price range for its offering.
- The company swung to a net profit for the quarter.
on Monday to include the results from its first quarter, which showed accelerating revenue growth over its fourth quarter.
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The digital physical therapy startup in March, but 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 during the same period last year. Hinge reported $117.3 million in revenue during its fourth quarter, up 44% from the same period in 2023.
Hinge said its net income for the period was $17.1 million after taxes, up from a net loss of $26.5 million after taxes during the same period last year.
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The company is attempting to go public at a time of extreme economic uncertainty and market volatility, spurred largely by President Donald Trump's sweeping tariff policy. Several companies, including online lender and ticket marketplace , have delayed their long-awaited IPOs.
Hinge's updated prospectus signals to investors that the company is planning to forge ahead.
Money Report
While the company's revenue jumped 50%, the cost of goods sold fell slightly. That allowed Hinge to lift its gross margin to 81% from 70% a year earlier and record an operating income of $13.1 million after losing $31. 4 million in the same period a year earlier.
Hinge uses software to help patients treat acute musculoskeletal injuries, chronic pain and carry out post-surgery rehabilitation remotely. Large employers cover the costs so their employees can access Hinge's app-based virtual physical therapy, as well as its wearable electrical nerve stimulation device called Enso.
Daniel Perez, Hinge's CEO, and Gabriel Mecklenburg, the company's executive chairman, co-founded the company in 2014 after experiencing personal struggles with physical rehabilitation.
Correction: A previous version of this story incorrectly stated that Q1 2025 was the company's first profitable quarter. Hinge was profitable previously.
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