Daniel Perez: Thanks, Bianca, and good afternoon, everyone. I'm excited to share our fourth quarter and full year 2025 results and provide an update on our overall progress. 2025 was an exceptional year that demonstrated the power of our vision to automate health care delivery through technology. We delivered outstanding financial performance while making meaningful advancements in our AI-related investments and expanding our market reach to nearly 25 million contracted lives in the best year we've ever had ...

Core Insights - Hinge Health reported strong growth in Q3, beating street expectations for revenue, but experienced a decline in after-hours trading despite positive results [1][2] - The company is focused on automating care delivery, which has led to increased client adoption and usage of its products, reflected in a 53% free cash flow margin [2][4] Financial Performance - Revenue for Q3 increased by 53% year-over-year, with a client base growth of 25% to 2,560 [8] - The company is approaching gap profitability while maintaining a commitment to revenue growth [3][4] Product Development - Hinge Health launched new AI initiatives, including an AI care assistant named Robin, aimed at providing immediate support for pain management [5][6] - The introduction of movement analysis and hinge score utilizes advanced computer vision to provide objective health metrics, enhancing patient engagement and care [7] Client Engagement - Key drivers of revenue include the number of clients, enrollment rates, and average selling price (ASP), with enrollment rates hitting all-time highs [9][10] - Engagement levels among enrolled users have significantly increased, indicating strong product performance [11] Future Guidance - The revenue guidance for Q4 indicates a 33% year-over-year increase at the midpoint, although Q4 is typically a lighter quarter due to seasonal factors [11][12] - Comparisons to last year's strong Q4 performance present challenges, but the company aims to continue executing effectively [13]