Physical therapy startup Hinge Health just filed to go public. These are the most important takeaways from its S-1.

Digital physical therapy company Hinge Health filed to go public Monday, signaling a potential revival of the dormant digital health IPO market. | Digital physical therapy company Hinge Health filed to go public Monday,

Hinge Health, which provides digital exercise therapy programs to help people manage and overcome muscle and joint pain, on Monday filed for its long-sought New York initial public offering.The San Francisco,

Health Care Service Corp., Elevance Health and Aetna  — accounted for more than 40% of Hinge's revenue in 2024.

Hinge Health Inc., a provider of digital physical therapy, filed for an initial public offering, disclosing increasing revenue and shrinking losses.

Hinge Health Inc., a provider of digital physical therapy, is aiming to file for an initial public offering as soon as next week, according to people familiar with the matter.

The digital health IPO market has slowed to a crawl in recent years, but it could be poised for a turnaround in 2025, experts say.

The IPO could happen as early as April, but timelines might still change due to uncertainty around tariffs, according to a person familiar with the matter. Hinge Health, which contracts with employers, generated $390 million in revenue in 2024, had $45 million in free cash flow and hit gross margins of about 78%, the person said.