Hinge Health made a strong entrance on Wall Street. The digital health company went public on the New York Stock Exchange under the ticker HNGE on May 21st 2025. It priced its IPO at $32 and closed the day at $37.56, a solid 19% jump.
What’s even more impressive?
The numbers behind that jump. In the first quarter of this year, Hinge Health reported $123.8 million in revenue, up 50% from the year before.
Even better, it turned a $17.1 million profit. That’s rare for a tech company which just launched its IPO. It also reported a gross margin of 81%, which is in line with top software companies.
What’s The Hinge Hype All About
Hinge Health replaces traditional physical therapy with an app. They promise zero clinic visits, no long waits, just a phone, a camera, and an AI-backed program to guide users through recovery and pain management.
Today, the app serves over half a million users and works with more than 2,250 employers, including nearly half of the Fortune 100.
Hinge Health was founded by Daniel Perez and Gabriel Mecklenburg. Both struggled with painful rehab experiences and decided to build a better solution. With backgrounds in biochemistry from Oxford and Cambridge, they focused on using tech to fix musculoskeletal (MSK) care, a space worth over $600 billion.
Their approach is working. The company claims it’s already automated 95% of clinical hours using AI. The plan now is to keep improving care while cutting costs, all through tech. The end goal is to make high-quality rehab more affordable and accessible to everyone.
What This Means for Tech IPOs
This IPO isn’t just a win for Hinge Health. It could be a turning point for the broader IPO market. Health tech startups, especially ones using AI and showing real profits, haven’t had many strong IPO moments in recent years. This one stands out.
Investors have taken notice. Hinge Health proved that a digital health startup can scale, stay profitable, and deliver real value, both to users and shareholders. If others follow the same path, this could be the beginning of a new wave of smart, profitable tech IPOs.
Back pain might not be exciting. But Hinge Health just made it profitable.
