By Connor Hart
Hinge Health continues to grow at a steady clip, adding hundreds of new clients during the recent quarter and expanding profitably as it sees increasing demand for its virtual physical-therapy platform.
Chief Executive Officer Daniel Perez said Tuesday that the digital-health company remains in the very early innings of a much larger opportunity, with plans to expand beyond musculoskeletal care into adjacent categories such as migraine treatment and other future care programs.
Hinge Health's current momentum and expansion plans prompted the company to raise its outlook for the year, a move that came as it doubled its profit and posted higher-than-expected revenue during the first quarter.
Currently, more than 25 million American adults have access to Hinge Health, whose app provides exercise therapy to help treat joint and muscle pain. Of those, the company now expects just over 4% to enroll in its programs this year, up from 3.9% last year and 3.4% in 2024.
Hinge Health is attracting more users as it continues working to improve clinical outcomes, make its app easier and more intuitive to use, and grow its brand recognition, Perez said. The company has also refined its outreach strategy, using claims and other data to identify potential users in active care episodes who are seeking musculoskeletal pain relief. Its targeted-enrollment business is growing at a triple-digit rate, he added.
The company is also expanding beyond physical therapy, launching a comprehensive program to treat and prevent migraine headaches. The program includes Enso, a wearable device that delivers gentle electric pulses to reduce migraine pain, as well as trigger-tracking software and access to physical therapy that can help reduce the frequency and severity of migraine attacks.
Hinge Health expects the expansion to significantly broaden its total addressable market. Perez said the company generated $646 million in revenue in the past 12 months, a figure that represents roughly 1% of the $60 billion U.S. physical-therapy market. And that market itself accounts for only about 1% of total U.S. healthcare spending.
"Hinge Health is just 1% of 1%," Perez said. "We have a lot of room to grow, not only in our core market, but overall in healthcare."
In 2026, Hinge Health now expects revenue of $798 million to $804 million, up from a prior outlook of $732 million to $742 million. Analysts polled by FactSet were expecting revenue of $740.5 million for the year.
The company also raised its outlook for adjusted income from operations to be between $205 million and $215 million, compared with a previous forecast of $151 million to $156 million. Wall Street had modeled $154.7 million.
For the current quarter, Hinge Health guided for adjusted income from operations of $47 million to $49 million on revenue of $194 million to $196 million. Analysts were looking for adjusted income from operations of $35.7 million on revenue of $179.4 million.
The outlooks came as the company roughly doubled its first-quarter profit, to $35.1 million. Stripping out certain one-time items, adjusted earnings came in at 45 cents a share, ahead of analyst views for 40 cents a share.
Revenue jumped 47% to $182.3 million, ahead of Wall Street models for $172.2 million.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
May 05, 2026 16:05 ET (20:05 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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