Hinge Health, Inc.
For the period ended Mar 31, 2026. Filed May 7, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 7, 2026
HNGE$123.23+0.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
(in thousands)
| Three Months Ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Operating activities: | ||
| Net income | $35,128 | $17,139 |
| Adjustments to reconcile net income to net cash provided by (used in) operating activities: | ||
| Depreciation and amortization | 1,173 | 1,303 |
| Stock-based compensation | 11,692 | 7 |
| Amortization of deferred commissions | 16,205 | 9,190 |
| Accretion of discounts and amortization of premiums on marketable securities, net | 135 | 49 |
| Non-cash operating lease expense | 905 | 845 |
| Provision for credit losses | — | 886 |
| Deferred income taxes | — | 6 |
| Other | — | (2) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (48,860) | (34,280) |
| Deferred commissions | (20,603) | (10,630) |
| Inventory | 1,470 | (1,912) |
| Prepaid expenses and other current assets | (3,590) | 8,134 |
| Other assets | (658) | (274) |
| Accounts payable and accrued liabilities | 11,246 | 15,710 |
| Operating lease liabilities | (1,070) | (941) |
| Deferred revenue | 39,910 | (305) |
| Net cash provided by operating activities | 43,083 | 4,925 |
| Investing activities: | ||
| Purchase of property and equipment | (83) | (51) |
| Capitalized internal use software | (1,447) | (706) |
| Purchases of marketable securities | (58,956) | (90,172) |
| Maturities of marketable securities | 108,567 | 73,598 |
| Acquisition of a business | — | (4,000) |
| Net cash provided by (used in) investing activities | 48,081 | (21,331) |
| Financing activities: | ||
| Proceeds from exercise of common stock options | 410 | 97 |
| Repurchase and retirement of common stock | (104,966) | — |
| Tax withholdings on settlement of restricted stock units and performance-based restricted stock units | (8,292) | — |
| Proceeds from repayment of non-recourse loans to employees | — | 4,934 |
| Payments for deferred offering costs | — | (927) |
| Net cash provided by (used in) financing activities | (112,848) | 4,104 |
| Net decrease in cash, cash equivalents, and restricted cash | (21,684) | (12,302) |
| Cash, cash equivalents, and restricted cash, beginning of period | 209,796 | 302,586 |
| Cash, cash equivalents, and restricted cash, end of period | $188,112 | $290,284 |
| Reconciliation of cash, cash equivalents, and restricted cash to the unaudited condensed consolidated balance sheets: | ||
| Cash and cash equivalents | $186,671 | $288,482 |
| Restricted cash | 1,441 | 1,802 |
| Total cash, cash equivalents, and restricted cash | $188,112 | $290,284 |
| Supplemental disclosure for noncash operating activities: | ||
| Cash paid for income taxes | $501 | $— |
| Supplemental disclosures of noncash investing and financing activities: | ||
| Property and equipment purchased and unpaid at end of period | $28 | $— |
| Stock-based compensation capitalized in internal-use software | $252 | $— |
| Unpaid deferred offering costs at period end | $— | $2,802 |
| Unpaid excise tax at the end of the period on repurchase and retirement of common stock included in additional-paid in capital | $872 | $— |
| Adjustment to reflect deemed contribution from Series D and E redeemable convertible preferred stock extinguishment | $— | $104,174 |
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