Hinge Health (HNGE) Cash Flow Statement

In fiscal 2025 (fiscal year ended Dec 31, 2025), Hinge Health generated $171.44M of operating cash flow and spent $708.00K on capital expenditures. That left free cash flow of $170.73M, up 277.5% from $45.23M a year earlier, or 29.0% of revenue. It repurchased $360.26M of its own shares.

Hinge Health Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Hinge Health, Inc. (HNGE) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023
Period ending	Dec 2025	Dec 2024	Dec 2023
Operating Activities
Net Income	-528.26	-11.93	-108.14
Depreciation & Amortization	5.13	5.95	5.63
Deferred Income Tax	0.05	-0.59	-0.47
Stock Based Compensation	643.01	0.74	1.65
Change in Working Capital	-2.01	13.50	9.41
Change in Accounts Receivable	-26.63	-1.34	-23.13
Change in Inventory	-4.76	0.61	10.57
Change in Accounts Payable	29.41	-10.98	0.00
Change in Other Working Capital	-83.25	25.21	21.97
Other Operating Activities	53.57	41.33	28.02
Net Cash from Operating Activities	171.44	49.00	-63.91
Investing Activities
Capital Expenditures	-0.71	-3.77	-4.62
Acquisitions	-4.00	0.00	0.00
Purchases of Investments	-472.29	-324.54	-453.34
Sales/Maturities of Investments	368.59	346.63	459.45
Other Investing Activities	-5.36	-2.73	-2.64
Net Cash from Investing Activities	-113.76	18.31	1.50
Financing Activities
Common Stock Issued	265.20	0.61	0.00
Common Stock Repurchased	-360.26	0.00	0.00
Other Financing Activities	-55.42	-2.81	-3.00
Net Cash from Financing Activities	-150.47	-2.20	-3.00
Summary
Net Change in Cash	-92.79	65.11	-65.41
Cash at Beginning of Period	302.59	237.47	302.88
Cash at End of Period	209.80	302.59	237.47
Free Cash Flow	170.73	45.23	-68.52

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Hinge Health Cash Flow

What is Hinge Health's free cash flow?

Hinge Health generated free cash flow of $170.73M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $171.44M minus $708.00K of capital expenditures. That was up 277.5% from $45.23M a year earlier. Free cash flow equaled 29.0% of revenue.

How much does Hinge Health spend on capital expenditures?

Hinge Health spent $708.00K on capital expenditures in fiscal 2025, compared with $3.77M a year earlier. That equals 0.4% of operating cash flow.

Does Hinge Health pay dividends or buy back shares?

Yes. In fiscal 2025 Hinge Health returned $360.26M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition