Hyperfine, Inc. (HYPR) AI Stock Analysis

NASDAQ: HYPRAI research summary: business, growth, valuation, analysts, bull and bear case.

HYPR AI stock analysis summary

AI Research

Hyperfine, Inc. (HYPR) is a medical device company focused on point-of-care magnetic resonance imaging through its portable Swoop system. The company expanded revenue from $1.5M in FY2021 to $13.6M in FY2025, but it remains unprofitable with an annual net income of -$35.6M in FY2025. Over the trailing twelve months ended June 30, 2026, revenue stood at $16.5M while net profit margin was -210.8%.

Market cap
$80.0M
Revenue (TTM)
$16.5M
P/E
—
1Y return
-46.8%
S&P 500 16.8%
Avg. target
$2.03
169.3% vs last close

Bull case

  • Gross margin has risen significantly over four consecutive years, moving from -78.0% in FY2021 to 49.8% in FY2025.
  • Quarterly revenue grew 44.8% year-over-year in the period ended June 30, 2026, supporting analyst expectations for full-year FY2026 revenue of $20.2M.
  • The balance sheet maintains a current ratio of 6.15 and net cash of $30.0M as of June 30, 2026.

Bear case

  • Hyperfine remains deeply unprofitable, posting a trailing twelve-month net profit margin of -210.8% and net income of -$35.6M in FY2025.
  • The business continues to burn liquidity, recording negative free cash flow of -$29.1M in FY2025 and an operating cash flow of -$27.9M.
  • Long-term shareholders have faced dilution, with the share count increasing by 41.9% over five years alongside a 5-year return of -92.4%.

What Hyperfine does

Hyperfine, Inc., based in Guilford, Connecticut, develops and manufactures magnetic resonance imaging (MRI) products. Founded in 2014, the company aims to make MRI technology more accessible and portable. Its primary product is the Swoop Portable MR imaging system, designed to provide neuroimaging directly at the point of care across various clinical settings. Hyperfine combines proprietary MRI technology with clinical collaboration and research to improve diagnostic speed, accuracy, and patient outcomes in acute care environments.

Growth and profitability

Hyperfine demonstrated rapid early expansion, growing revenue from $1.5M in FY2021 to $6.8M in FY2022, $11.0M in FY2023, $12.9M in FY2024, and $13.6M in FY2025, representing a 5-year revenue CAGR of 115.2% from FY2020 to FY2025. Gross margin steadily improved from -78.0% in FY2021 to 49.8% in FY2025. Operating margin also improved, narrowing from -4336.1% in FY2021 to -273.4% in FY2025. The company posted annual net income losses of -$64.8M in FY2021, -$73.2M in FY2022, -$44.2M in FY2023, -$40.7M in FY2024, and -$35.6M in FY2025. In the latest quarter ended June 30, 2026, quarterly revenue grew 44.8% year-over-year, bringing trailing twelve-month revenue to $16.5M with an operating margin of -216.9%.

HYPR income statement →

Balance sheet and cash flow

As of June 30, 2026, Hyperfine held $43.5M in cash and short-term investments and $13.4M in total debt, resulting in net cash of $30.0M. Shareholders' equity was $36.8M out of $63.0M in total assets, with a debt-to-equity ratio of 0.36 and a current ratio of 6.15. In FY2025, operating cash flow was -$27.9M and free cash flow was -$29.1M, with capital expenditures of $1.2M. Over five years, the company's share count increased 41.9%.

HYPR balance sheet →

Valuation and performance

Hyperfine carries a market capitalization of $80.0M and an enterprise value of $55.3M. The stock trades at a price-to-sales multiple of 4.8x and an enterprise value-to-revenue multiple of 3.3x, compared to a median price-to-sales multiple of 4.1x for its US-listed Healthcare peer group. Its price-to-book ratio is 2.3x. In the market, HYPR shares fell 46.8% over the past year and 92.4% over five years, underperforming the S&P 500, which gained 16.8% and 83.0% over the same respective periods.

HYPR key metrics →

What analysts expect

Wall Street coverage includes 3 Strong Buy ratings and zero Buy, Hold, Sell, or Strong Sell ratings. The mean price target is $2.03, representing an upside of 169.3% from the last close of $0.76. For the fiscal year ending December 31, 2026, analysts estimate an EPS of -$0.34 and revenue of $20.2M. For the following fiscal year, one analyst estimates revenue of $26.2M, representing 29.7% growth, with EPS of -$0.32. Hyperfine beat EPS estimates once in the last 4 quarters, with its next earnings date scheduled for November 9, 2026.

HYPR forecast and price target →

Key risks and what to watch

  • Persistent cash outflows, including free cash flow of -$29.1M in FY2025, could deplete the cash and short-term investments balance of $43.5M.
  • Hyperfine beat EPS estimates in only 1 of the last 4 quarters, highlighting potential variability in meeting future guidance.
  • The stock has demonstrated elevated price volatility, with a beta of 1.46 and a 1-year decline of 46.8% compared to a 16.8% gain for the S&P 500.

AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer

About this HYPR AI stock analysis

This page is an AI-written research summary of Hyperfine, Inc. (HYPR). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: HYPR income statement, HYPR balance sheet, HYPR key metrics, HYPR analyst forecast, HYPR chart. See the HYPR stock overview for the latest quote and news.

HYPR AI stock analysis FAQ

What is Hyperfine's core product?

Hyperfine develops the Swoop Portable MR imaging system, a portable magnetic resonance imaging platform designed to deliver neuroimaging directly at the patient's point of care.

Is Hyperfine profitable?

No, Hyperfine is currently not profitable. It reported a net income of -$35.6M in FY2025 and an operating margin of -216.9% for the trailing twelve months ended June 30, 2026.

What is the consensus analyst price target for HYPR stock?

The mean price target among analysts is $2.03, which is 169.3% above its closing price of $0.76 on October 16, 2026.

How much debt and cash does Hyperfine have?

As of June 30, 2026, Hyperfine held $43.5M in cash and short-term investments and $13.4M in total debt, giving it a net cash balance of $30.0M.

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