analyticsVertical SaaS
Data as of Q1 2026
Summary Verdict
HNGE: 3—APPF: 2wins
Rule of 40
82.0HNGE
33.4APPF
check_circleHNGE leads
Revenue Growth
53.5%HNGE
21.5%APPF
check_circleHNGE leads
Gross Margin
80%HNGE
86%APPF
check_circleAPPF leads
FCF Margin
28.5%HNGE
11.9%APPF
check_circleHNGE leads
Operating Margin
-90.3%HNGE
16.6%APPF
check_circleAPPF leads
NRR
—HNGE
—APPF
Metric
Rule of 40Efficiency score
HNGE
82.0check_circle
APPF
33.4
Revenue GrowthYoY
HNGE
53.5%check_circle
APPF
21.5%
Gross Margin% of revenue
HNGE
80%
APPF
86%check_circle
FCF MarginFree cash flow
HNGE
28.5%check_circle
APPF
11.9%
Operating MarginGAAP
HNGE
-90.3%
APPF
16.6%check_circle
NRRNet retention
HNGE
N/A
APPF
N/A
EV / RevenueValuation multiple
HNGE
7.7x
APPF
6.2xcheck_circle
Market CapUSD
HNGE
$4.9B
APPF
$6.0Bcheck_circle
ARR GrowthYoY
HNGE
N/A
APPF
N/A
CAC PaybackMonths to recover
HNGE
N/A
APPF
N/A
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insights
Analysis
As of Q1 2026, Hinge Health, Inc. trades at 7.7x EV/Revenue versus AppFolio, Inc. at 6.2x. On the Rule of 40, Hinge Health, Inc. scores 82.0 compared to AppFolio, Inc.'s 33.4, placing Hinge Health, Inc. ahead in operating efficiency. Gross margins stand at Hinge Health, Inc. 80% vs AppFolio, Inc. 86%.
Sector Context
Both companies operate in the Vertical SaaS sector. The median columns above show where each company stands relative to their peers.