Hinge Health vs Phreesia
Hinge Health is the larger business, with $588m of revenue in fiscal 2025 against $481m for Phreesia (1.2 times as much). Hinge Health grew faster (50.6% against 14.5%). Phreesia kept more of each dollar of sales as profit: a net margin of 0.5% against -89.9%.
| Latest fiscal year | Hinge HealthHNGE, 2025 | PhreesiaPHR, 2026 |
|---|---|---|
| Revenue | $588m | $481m |
| Revenue growth | 50.6% | 14.5% |
| Net income | −$528m | $2.3m |
| Operating margin | -92.9% | — |
| Net margin | -89.9% | 0.5% |
| Return on equity | — | 0.8% |
| Free cash flow | $171m | $67.7m |
| Cash | $208m | $73.8m |
| Total debt | $0 | $2.7m |
| Debt to equity | 0.0% | — |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $65.0m | — |
| Employees | — | 1,789 |
| Market value | $6.32bn | $769m |
| Price vs our value range | — | — |
| Moat score | — | 11 (Weak) |
| Insider trades, 12 months | 0 buys, 206 sales | 8 buys, 37 sales |