Virtual physical therapy service Hinge Health files for a US IPO, and reports revenue of $390M in 2024, up from $293M in 2023, and a net loss of $11.9M
The following tables set forth our summary consolidated financial data. Ashley Capoot / CNBC : Digital physical therapy provider Hinge Health files for IPO Naomi Li Gan / Tech in Asia : Digital therapy firm Hinge Health files for New York IPO Rosie Bradbury / PitchBook : Insight-backed Hinge Health, a virtual physical therapist app, files for IPO Arasu Kannagi Basil / Reuters : Hinge Health files for US IPO as healthcare listings gain momentum Dan Primack / Axios : Hinge Health files for IPO X: Dhruv Vasishtha / @dvasishtha : The Hinge Health S-1 dropped and the business looks pretty promising: - Revenue grew to $390.4 million in 2024, a 33.4% increase from $292.7 million in 2023 - Mainly the net loss significantly decreased to $11.9 million in 2024 from $108.1 million in 2023 Katie Roof / @katie_roof : Scoop confirmed, filing is here: https://www.sec.gov/... Largest Hinge Health shareholders: Insight, Atomico, 11.2 Capital, Tiger Global, Bessemer, Coatue Blake Madden / @b_madden4 : We have our first look at Hinge Health, one of the first digital health / tech-enabled services firms to go public in a hot minute (last valued privately at $6.2B in 2021). The company provides AI-enabled virtual musculoskeletal, or MSK, care to patients. Huge market given the Dhruv Vasishtha / @dvasishtha : The knock on Hinge is that it's in an extremely competitive space and hasn't really expanded beyond selling to the employer segment. At the same time payers and VBC providers are launching their own MSK plays. They're already in 1000 employers, how much more does rev scale?