Hyperfine, Inc.
For the period ended Dec 31, 2025. Filed Mar 18, 2026.
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FY2025 · Filed Mar 18, 2026
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6. PROPERTY AND EQUIPMENT, NET
Property and equipment, net, are recorded at historical cost and consist of the following at December 31:
| 2025 | 2024 | |
|---|---|---|
| Laboratory equipment | $1,027 | $986 |
| Research devices | 1,823 | 1,398 |
| Sales and marketing devices | 400 | 490 |
| Computer equipment | 689 | 689 |
| Construction in progress | 383 | 1,229 |
| Tooling | 1,527 | 857 |
| Trade show assets | 295 | 254 |
| Leased devices | 181 | 181 |
| Other | 668 | 595 |
| Gross property and equipment | 6,993 | 6,679 |
| Less: Accumulated depreciation and amortization | (4,444) | (3,557) |
| Property and equipment, net | $2,549 | $3,122 |
Depreciation expense amounted to $1,090 and $1,009 for the years ended December 31, 2025 and 2024, respectively.
- ROU ASSETS AND LEASES LIABILITIES
The Company has operating leases for its corporate offices, including its Palo Alto, California lease agreement which was extended by a first amendment in December 2025 and now expires on April 30, 2027, and a warehouse lease agreement in Guilford, Connecticut which wasextended by six months in June 2025 and expires on August 31, 2026. As of December 31, 2025 and 2024, the balance of operating lease ROU assets of $316 and $341, respectively, current lease liabilities of $248 and $269, respectively, andnon-current lease liabilities of $66 and $78, respectively, are included in the Company's consolidated balance sheets inother long term assets, accrued expenses, other current liabilities and other noncurrent liabilities, respectively.
The weighted-average remaining lease term associated with the measurement of our operating lease obligations is 16 months and the weighted-average discount rate is 9.99%.
Future minimum commitments due under the lease agreements as of December 31, 2025, are $248 for 2026 and $66 thereafter.
- ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES
Accrued expenses and other current liabilities consist of the following at December 31:
| 2025 | 2024 | |
|---|---|---|
| Bonuses | $2,468 | $2,144 |
| Contracted services | 818 | 1,755 |
| Legal fees | 376 | 176 |
| Payroll and related benefits | 760 | 756 |
| Operating lease liabilities | 248 | 269 |
| Other | 460 | 473 |
| Total accrued expenses and other current liabilities | $5,130 | $5,573 |
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