Hinge Health

Hinge Health

Digital clinic delivering tech-enabled physical therapy

Overview

Hinge Health runs a digital clinic for joint and muscle care, delivering physical therapy through a mobile app and a clinical care team. Users follow personalized exercise programs, track progress, and communicate with their care team while learning about their condition. Revenue comes from partnerships with employers and health plans that cover the service, making it free for users. The platform blends clinician-guided care with technology to make physical therapy accessible and scalable beyond traditional clinics.

About Hinge Health

Simplify's Rating
Why Hinge Health is rated
C+
Rated B on Competitive Edge
Rated B on Growth Potential
Rated D+ on Differentiation

Industries

Enterprise Software

Healthcare

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

San Francisco, California

Founded

2014

People at Hinge Health

People at Hinge Health who can refer or advise you

Simplify Jobs

Simplify's Take

What believers are saying

  • Migraine program adopted by 125+ clients covering 2M adults, reducing $78B business burden[1][7].
  • Q1 2026 revenue grew 47% YoY to $182M; full-year guidance raised to $801M[3][4].
  • Institutional investors like ING, Vanguard, and BIT Capital significantly increased stakes in Q4 2025[3].

What critics are saying

  • Fitbit (Google) launching AI-powered MSK care with free wearable will undercut Enso pricing within 6–12 months[5].
  • Amazon Health Services expanding free MSK benefit to AWS clients may displace 1,500+ employer contracts in 9–12 months[5].
  • FDA revoking Enso migraine clearance due to unreplicated trial data could trigger $300M valuation collapse in 12–18 months[5].

What makes Hinge Health unique

  • FDA-cleared Enso wearable delivers drug-free migraine pain relief in minutes via neuromodulation[1][7].
  • Integrated platform covers MSK and migraine care, exploiting 75% clinical overlap between conditions[1][7].
  • HingeSelect platform uniquely combines first-line treatment, orthopedic surgery, and post-op recovery under one network[2].

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Funding

Total Funding

$1.5B

Above

Industry Average

Funded Over

9 Rounds

IPO funding comparison data is currently unavailable. We're working to provide this information soon!
IPO Funding Comparison
Coming Soon

Benefits

Competitive compensation with meaningful equity

Medical, Dental, Vision, Disability and Life Insurance (We cover 100% of your premium and 75% for your dependents)

Flexible PTO

FSA/HSA accounts

Family & fertility benefit through Maven Clinic

401(k) match

3 months paid parental leave

Professional Development budget

Quarterly lifestyle benefit to use towards WFH equipment & fitness

Generous mental health stipend

Work from home policy

Opportunity to join a fantastically talented, diverse, and passionate team at a pivotal time in the company's lifecycle

Stock Price

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

-1%
Grokker
Jun 18th, 2026
5 signals that employer healthcare is entering a new era.

5 signals that employer healthcare is entering a new era. The conversations at Hinge Health's Movement 2026 conference reinforced a clear reality: employers are under increasing pressure to reduce healthcare costs, prove ROI, and help employees make better care decisions. Here's its "take" on five trends shaping the future of employer healthcare - and what they mean for HR and benefits leaders navigating budget pressures, growing complexity, and accelerating AI adoption. 1. Healthcare is a C-suite priority Healthcare costs are no longer just an HR challenge. Rising chronic disease prevalence, GLP-1 adoption, and medical inflation are forcing organizations to treat healthcare spend as a business issue. As Dr. Shaheen Kurani, VP of Client Insights at UHC, highlighted in her session, From reactive to predictive: A smarter path to sustainable healthcare costs, benefits spend has become so massive that controlling it is now an "all hands on deck" enterprise priority. Benefits management can no longer live inside an isolated HR Center of Excellence (COE). It is a critical, systemwide business problem that requires an organizational response. It's important to note that with the arrival of game-changing AI technology, benefits procurement can no longer happen in a vacuum, either. AI has the capacity to fundamentally overhaul everything from administrative workflows to care delivery, so buying health technology now requires a broad, cross-functional coalition to help evaluate security, operational integration, and financial validity. This gives HR leaders an opportunity to build new operational muscles and step up from a traditional support function to a core driver of corporate strategy. But with this comes intense accountability: every benefit strategy must now connect directly to broader business outcomes and deliver auditable ROI. And it's clear that AI health tech will be an integral enabler of organizational success. 2. ROI is replacing engagement metrics The era of Value on Investment (VOI) has officially ended. While soft engagement metrics were once accepted proof of a successful benefit program, they don't resonate with a CFO who views healthcare as a controllable financial risk. That's why Regina Ihrke, Health & Benefits Consultant at Willis Towers Watson, and Gentry Lynn, Consultant Relations at Hinge Health, in their session Validating value: Pressure-testing ROI, suggested that organizations adopt rigorous methodologies to protect their margins. Yet executing this strategy introduces a significant operational hurdle for HR teams. Facing increasing pressure to find objective ways to measure utilization, cost reduction, and claims impact across their entire benefits ecosystem, the challenge is that every vendor reports success differently, making it difficult to determine what's actually driving outcomes. Dissecting multiple disparate datasets to isolate which solution is genuinely making an impact places an immense analytical burden on HR teams and consultants at the exact moment the C-suite demands absolute financial clarity. Today's emerging AI technology is poised to help. By providing automated, actuarial-grade tracking and continuous cost-mitigation insights, AI solutions give the C-suite the exact "single source of truth" they require - transforming raw data into an unassailable financial proof-of-performance. 3. Personalized care pathways are essential in the moments that matter When an individual is suffering from acute back pain or experiencing emotional burnout, they need immediate direction - not another place to search. But legacy benefits navigation is built around directories, portals, and resource libraries that point employees to links and PDFs. When the benefits ecosystem is too complex to navigate, uncertainty takes over and employees default to the path of least resistance: expensive, reactive care, like going straight to the emergency room or a specialist before seeking a lower-acuity, conservative intervention. This friction ultimately compromises health outcomes while driving up total claims costs for the entire organization. That's why across sessions and conversations, benefits leaders emphasized a pressing strategic priority: providing employees with the precise guidance needed to choose the most cost-effective, high-quality care pathways. Fortunately, modern agentic AI solutions can solve this breakdown by replacing static directories with predictive orchestration, utilizing real-time intent data to embed intelligent guidance directly into an employee's daily digital workflow. 4. Upstream cost avoidance starts with the "movable middle" Traditional cost-containment levers have run their course. During the session 8% and Rising: Why costs are surging, Shelly Parn, Chief Human Resource Officer at OSF HealthCare, delivered a stark reminder: The days of managing healthcare budgets through employee cost-shifting are officially over. One approach discussed at the conference centers on the "movable middle," the employees that are currently low-risk but trending toward chronic illness. While traditional clinical programs catch individuals after they are already flagged for surgery or complex management, intervening early can intercept escalating risk before it manifests as an expensive emergency room visit or an unnecessary imaging claim. In addition to care steerage, employers are looking to preventive care and wellbeing to help with cost avoidance through whole-person care. Physical and mental health conditions do not exist in silos. For example, an employee suffering from chronic musculoskeletal (MSK) pain frequently battles co-occurring, untreated depression or anxiety. If a solution can address both interconnected clinical risks simultaneously, it prevents a costly comorbid claim cascade. What's more, AI-powered technology can apply behavioral nudges directly within daily workflows to help ensure that all employees - including the movable middle - default to low-acuity preventive habits before higher-cost clinical interventions are ever required. 5. AI solutions are advancing from insights to action There's no doubt about it: Enterprise AI adoption is accelerating and benefits leaders are eager to move past the hype. In addition to evaluating vendor solutions, organizations are increasingly building internal, agentic AI tools to support their workforces. As highlighted during The right message at the right moment panel, HR teams are leveraging AI to solve foundational challenges, including: * Achieving hyper-personalization at scale for precision benefit communications * Relieving the administrative burden caused by an overwhelming volume of self-serviceable questions * Meeting employees where they are with accurate and immediate benefits support In most use cases, AI is transforming benefits from a static directory into an intelligent, invisible navigation layer capable of translating real-time data into proactive, conversational micro-interactions delivered directly in an employee's daily workflow. To bypass a costly internal development cycle and deploy this conversational layer instantly, organizations need an adaptable, plug-and-play partner. This is precisely where an AI-powered health tech solution cat sit to seamlessly convert complex benefits data into effortless, front-end employee action. Moving forward with optimism Movement 2026 reinforced a fundamental shift in employer healthcare: success is no longer measured by the benefits employers offer, but by the outcomes employees achieve. Organizations that can guide employees to the right care, demonstrate financial impact, and simplify an increasingly fragmented benefits ecosystem will be best positioned for the future. AI will play a central role in helping make that vision a reality. Discover how intelligent automation is not just easing the burden, but optimizing your entire HR function in its guide, From overwhelm to optimization: AI solutions for modern HR.

Yahoo Finance
Apr 6th, 2026
Hinge Health director sells 50,000 shares for $1.9M under pre-set trading plan

Gabriel M.I. Mecklenburg, a director at Hinge Health, sold 50,000 Class A Common Stock shares for approximately $1.92 million on 1 April 2026, according to an SEC Form 4 filing. The shares were sold at a weighted average price of $38.46, in line with the market close price of $38.49. The transaction was executed under a Rule 10b5-1 trading plan adopted in December 2025. The sale reduced Mecklenburg's direct Class A holdings to zero, though he continues to hold 3,268,813 Class B shares, which are convertible to Class A shares. Hinge Health, a digital musculoskeletal care platform, has a market capitalisation of $3.07 billion. Shares have risen 23% over the past year but declined 15% year to date.

Business Wire
Mar 17th, 2026
Hinge Health adds Freshworks CFO Tyler Sloat to board of directors

Hinge Health has appointed Tyler Sloat to its board of directors. Sloat currently serves as Chief Financial Officer and Chief Operating Officer at Freshworks, overseeing finance, IT, security and corporate strategy. Sloat brings nearly three decades of operational leadership in high-growth technology companies. He previously served as CFO at Zuora, guiding the company through its 2018 IPO, and held senior positions at NetApp and Siebel Systems. He has also served on the boards of Oanda Corporation and Compass Healthcare. Hinge Health, which went public on the NYSE, provides AI-powered musculoskeletal care using wearable devices and clinical expertise. The San Francisco-based company aims to improve patient outcomes whilst reducing healthcare costs for clients.

Yahoo Finance
Feb 11th, 2026
Hinge Health stock jumps 15% on Q4 beat with $170.7M revenue and 46% growth

Hinge Health shares surged 15% on Wednesday after the healthcare platform beat fourth-quarter earnings expectations. The company reported earnings of $0.49 per share on sales of $170.7 million, surpassing analyst forecasts of $0.43 per share on $156.8 million in revenue. The wearable device and AI-powered health advice provider, which treats musculoskeletal conditions, posted 46% year-over-year sales growth in the quarter. Net profit increased more than 360%, whilst free cash flow rose 65% to $61.5 million. For full-year 2025, Hinge reported 51% sales growth with 80% gross margins and $179.6 million in free cash flow. The company forecasts 39% sales growth for first-quarter 2026 and 25% annual growth to approximately $737 million, with non-GAAP earnings expected to grow 29%.

Business Wire
Feb 10th, 2026
Hinge Health posts 46% Q4 revenue growth to $171M, raises 2026 guidance

Hinge Health, a digital musculoskeletal care company, reported fourth-quarter revenue of $170.7 million, up 46% year-over-year, and full-year 2025 revenue of $587.9 million, up 51%. The company achieved non-GAAP operating income of $48 million in Q4, more than doubling from $21.4 million in the prior year. For full-year 2025, Hinge Health generated $171.4 million in operating cash flow and $179.6 million in free cash flow, nearly tripling from 2024. The company added clients to reach 2,830 total, with 25 million contracted lives and nearly 783,000 members. Hinge Health provided 2026 guidance of $732 million to $742 million in revenue and $151 million to $156 million in non-GAAP operating income. The company repurchased $65 million in shares during Q4 under its $250 million buyback programme authorised in November 2025.

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