Hinge Health, Inc. balance sheet
At the end of fiscal 2025, Hinge Health, Inc. had total assets of $745m, total liabilities of $366m and shareholders' equity of $179m. It held $208m in cash against $0 of debt: net cash of $208m.
Balance sheet
| Fiscal year | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|
| Cash and equivalents | 235 | 301 | 208 | 286 |
| Receivables | — | 42 | 66 | 125 |
| Inventory | — | 11 | 16 | 17 |
| Total current assets | — | 583 | 534 | 643 |
| Goodwill | — | 62 | 64 | 64 |
| Total assets | — | 673 | 745 | 827 |
| Deferred revenue (current) | — | 218 | 301 | 416 |
| Total current liabilities | — | 249 | 362 | 481 |
| Total debt | 0 | 0 | 0 | 0 |
| Total liabilities | — | 257 | 366 | 483 |
| Shareholders' equity | −424 | −435 | 179 | 344 |
| Non-controlling interests and other (assets − liabilities − equity) | — | 851 | 200 | — |
| Net debt (negative = net cash) | −235 | −301 | −208 | −286 |
| Shares outstanding | — | — | — | — |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Receivables | — | 42 | — | 99 | 87 | 66 | 115 | 125 |
| Inventory | — | 11 | — | 14 | 14 | 16 | 14 | 17 |
| Total current assets | — | 583 | — | 598 | 659 | 534 | 540 | 643 |
| Goodwill | — | 62 | — | 64 | 64 | 64 | 64 | 64 |
| Total assets | — | 673 | — | 694 | 770 | 745 | 729 | 827 |
| Deferred revenue (current) | — | 218 | — | 275 | 300 | 301 | 341 | 416 |
| Total current liabilities | — | 249 | — | 314 | 357 | 362 | 414 | 481 |
| Total liabilities | — | 257 | — | 320 | 362 | 366 | 417 | 483 |
| Shareholders' equity | −462 | −435 | −308 | 174 | 208 | 179 | 112 | 344 |
| Non-controlling interests and other (assets − liabilities − equity) | — | 851 | — | 200 | 200 | 200 | 200 | — |
| Shares outstanding | — | 16m | — | — | — | — | — | — |
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