Hinge Health says revenue increased 50% in first quarter — still no price range for IPO

Hinge Health on Monday updated its prospectus to include the results from its first quarter, which showed accelerating revenue growth over its fourth quarter. The digital physical therapy startup filed to go public in March, but it has not shared a price range yet. Hinge said that revenue in its first quarter climbed 50% to $123.8 million, up from $82.71 million during the same period last year. Hinge reported $117.3 million in revenue during its fourth quarter, up 44% from the same period in 2023. Hinge also notched its first profitable quarter on record. The company said its net income for the period was $17.1 million after taxes, up from a net loss of $26.5 million after taxes during the same period last year. The company is attempting to go public at a time of extreme economic uncertainty and market volatility, spurred largely by President Donald Trump's sweeping tariff policy. Several companies, including online lender Klarna and ticket marketplace StubHub, have delayed their l ... Read full article.