Hyperfine, Inc. (HYPR) Bundle
Hyperfine, Inc.'s core mission is to revolutionize patient care globally through accessible, clinically relevant diagnostic imaging, but how does that vision align with the financial reality of a Q3 2025 net loss of $11.02 million? You're looking at a company that's growing-Q3 2025 revenue hit $3.44 million with a record 54% gross margin-but is still burning cash, with a projected annual cash burn of $27-29 million for 2025. Does a culture built on democratizing healthcare have the operational discipline to close that financial gap, and what does their long-term vision tell you about their path to profitability?
Hyperfine, Inc. (HYPR) Overview
You're looking for a clear, no-nonsense assessment of Hyperfine, Inc., the company that's disrupting the massive medical imaging market. My takeaway is simple: Hyperfine is the pioneer in portable magnetic resonance imaging (MRI), and their recent financial results show commercial traction, but they are still deep in the growth-stage, cash-intensive phase. You need to focus on their sequential revenue boost and the adoption of their next-generation product.
Hyperfine was founded in 2014 by Dr. Jonathan Rothberg, a serial entrepreneur known for his work in genomics, with a vision to democratize access to advanced medical imaging. The core product is the Swoop Portable MR Imaging System, the world's first FDA-cleared, AI-powered, ultra-low-field magnetic resonance brain imaging system. This system is designed to be wheeled directly to a patient's bedside in places like emergency departments and intensive care units, bypassing the high cost and immobility of traditional MRI suites.
The company generates revenue primarily through the sale of the Swoop systems, plus recurring income from software subscriptions and service contracts. For the full 2025 fiscal year, management is guiding for total revenue to be in the range of approximately $13 million to $14 million. That's a huge jump from the $2.1 million they reported in Q1 2025, showing their new product rollouts are starting to stick.
- Founded: 2014 in Guilford, Connecticut.
- Flagship Product: Swoop Portable MR Imaging System.
- 2025 Full-Year Revenue Guidance: $13M to $14M.
Q3 2025 Financial Performance: A Record-Setting Quarter
The latest financial report, covering the third quarter of 2025, provides the clearest signal yet of Hyperfine's commercial momentum. Total revenue for Q3 2025 was $3.4 million, which represents a strong 27% sequential increase compared to the second quarter of 2025. This growth is directly tied to the new product launch and market expansion efforts.
Here's the quick math on their main product sales: Hyperfine sold 8 commercial Swoop systems in Q3 2025. Crucially, 5 of those units were the next-generation Swoop system, demonstrating a rapid conversion of their sales pipeline to the new, higher-value product. Device sales accounted for the majority of the quarter's revenue at $2.89 million, with the remaining $546,000 coming from service revenue.
The operational efficiency is also improving. Gross margin for the third quarter of 2025 hit a record 53.8%, up 450 basis points from the previous quarter. Still, the company is investing heavily in growth; the full-year 2025 cash burn is still projected to be substantial, in the range of $29 million to $31 million, though that's a defintely a planned reduction from 2024.
Hyperfine's Position in the Medical Imaging Industry
Hyperfine is not just another medical device company; it's one of the pioneering companies in the ultra-low-field, point-of-care magnetic resonance imaging space. Their mission is to revolutionize patient care globally by making diagnostic imaging accessible and clinically relevant. They are effectively carving out a new, critical niche in a market long dominated by giants like GE Healthcare and Siemens Healthineers.
The commercial launch of their next-generation Swoop system, powered by the new Optive AI™ software, is what sets them up as a leader in this emerging category. This new system is driving adoption across multiple sites of care, including a full-scale commercial launch into the neurology office setting-a new revenue opportunity that expands their total addressable market. They've also secured regulatory approvals, including the CE Mark and UKCA Mark for their Optive AI™ software, enabling commercial roll out across international markets like the United Kingdom, Australia, and New Zealand.
To understand the full financial implications of this market expansion and the path to profitability, you should take a deeper dive. You can find a comprehensive breakdown of the company's financial health and valuation here: Breaking Down Hyperfine, Inc. (HYPR) Financial Health: Key Insights for Investors.
Hyperfine, Inc. (HYPR) Mission Statement
If you're looking at Hyperfine, Inc. (HYPR), you need to understand the core purpose driving their technology, because that purpose is the only way to justify the current valuation. The company's mission statement is the strategic roadmap, guiding every investment decision, from R&D spend to commercial rollout. It's not just a feel-good phrase; it's a commitment to fundamentally change a multi-billion-dollar industry.
Hyperfine's mission is: to revolutionize patient care globally through transformational, accessible, clinically relevant diagnostic imaging and data solutions. This statement is powerful because it breaks down the monolithic, expensive nature of traditional Magnetic Resonance Imaging (MRI) and maps a clear path to a portable, point-of-care future. For the full year 2025, the company projects revenue of approximately $13 million to $14 million, a number that reflects early execution on this mission, despite a net loss of $11.02 million in Q3 2025 as they invest heavily in growth.
Here's the quick math: they're spending to grow. Management expects full-year 2025 cash burn to be in the range of $29 million to $31 million, a calculated expense to establish market share for their Swoop® Portable MRI system.
Transformational and Innovative Diagnostic Imaging
The first component of the mission-'transformational diagnostic imaging'-is all about innovation. Hyperfine isn't just making a smaller MRI; they're reinventing the technology with ultra-low-field magnetic resonance combined with proprietary artificial intelligence (AI). This is a critical distinction because it allows the Swoop system to be used at the patient's bedside, a true game-changer in emergency and critical care settings.
Their innovation is not cheap, but it's working. In Q2 2025, the next-generation Swoop system, powered by Optive AI™ software, was priced at $550,000, which is a 15% premium over the prior version. This pricing power is a direct result of the perceived value of the AI-enhanced image quality, which is starting to rival conventional 1.5 Tesla scanners. The financial results show this focus translating into better unit economics: gross margin hit 49.3% in Q2 2025, an 800 basis point sequential jump. That's a strong signal of a successful product upgrade.
- AI-powered imaging drives higher pricing.
- Gross margin expansion shows R&D value.
- New technology is key to global expansion.
Accessible and Global Reach
The second core component, 'accessible,' tackles the historical bottleneck of MRI: cost and location. Traditional MRI suites require massive shielding and infrastructure, which limits their availability, especially in rural or low-resource settings. Hyperfine's solution is a portable system that can be wheeled to the patient, making the technology available in places it simply couldn't be before, like neurology offices and smaller hospitals.
This focus on accessibility is driving their commercial strategy. In 2025, the company initiated a full-scale commercial launch in the neurology office setting after a successful pilot program. This is a smart move, opening up a new revenue channel beyond the capital-intensive hospital market. The company also expanded its international footprint, securing CE Mark and UKCA Mark approvals for its Optive AI™ software, allowing commercial roll-out in markets like Canada, the United Kingdom, Australia, and New Zealand. This global expansion is defintely the next big growth vector. You can see more on who is betting on this growth here: Exploring Hyperfine, Inc. (HYPR) Investor Profile: Who's Buying and Why?
Clinically Relevant Diagnostic Imaging and Data Solutions
Finally, the mission emphasizes 'clinically relevant diagnostic imaging and data solutions.' This isn't just about pretty pictures; it's about providing information that changes a physician's decision in real-time. The clinical validation of the Swoop system is crucial for adoption, and Hyperfine is backing this up with hard data and studies.
For example, the company is actively enrolling patients in the NEURO PMR study, which evaluates the use of its AI-powered portable MRI in neurology offices. Clinical studies like this are what convince healthcare systems to adopt new technology. Furthermore, the company's focus on data solutions-the 'data' part of the mission-is what will create a high-margin, recurring revenue stream from software subscriptions and service contracts. In Q3 2025, service revenue contributed $546,000 to total sales, a small but important piece of the revenue mix that will grow as the installed base of systems expands. This is the long-term play for sustainable profitability.
Hyperfine, Inc. (HYPR) Vision Statement
You're looking at Hyperfine, Inc.'s foundational documents to understand the long-term strategic bet, and that's smart; the financials only tell you where they are today. The direct takeaway is this: Hyperfine's vision is to make Magnetic Resonance Imaging (MRI) a ubiquitous, bedside tool, not a centralized, expensive fortress. This vision is the engine driving their commercial push into the neurology office market, a huge new revenue opportunity.
The company is the groundbreaking health technology company that has redefined brain imaging with the Swoop system, and their vision is to complete that redefinition. They aim to democratize healthcare by making advanced diagnostic imaging accessible to all, which means moving the technology from the radiology suite to the patient's bedside, including in critical care units and emergency departments. This isn't just a marketing slogan; it's a direct challenge to the traditional, high-cost MRI model.
Here's the quick math on the near-term progress: Management now expects full-year 2025 revenue to be approximately $13 million to $14 million, driven by the commercial launch of the next-generation Swoop system and the Optive AI software. That's a strong sequential growth story, even if the net loss for Q3 2025 was $11.0 million. The vision is costly to execute, but the market opportunity is massive if they can pull it off.
Mission: Revolutionizing Patient Care Globally
The mission statement is the actionable roadmap for the vision: to revolutionize patient care globally through transformational, accessible, clinically relevant diagnostic imaging, and data solutions. This isn't just about selling a portable machine; it's about the 'data solutions' part, which is where the long-term value lies. The new Optive AI software, which received both CE Mark and UKCA Mark approvals in Q3 2025, is the first step in monetizing that data and improving image quality in a low-field setting.
The core of the mission is accessibility. Traditional MRI systems cost millions and require specialized infrastructure, limiting their use. Hyperfine's Swoop system is designed to be ultra-low-field and portable, making it a viable option for a wider range of clinical settings. In Q3 2025, the company sold 8 commercial Swoop systems, with 5 of those being the next-generation model, showing a clear product transition and market acceptance. This move into neurology offices is defintely the right play to accelerate adoption.
- Transformational: Redefining MRI with portable, AI-powered technology.
- Accessible: Bringing imaging to the patient's bedside, not the other way around.
- Clinically Relevant: Ensuring the images are diagnostically useful for physicians.
If you want to dive deeper into how this technology works and its financial model, you can check out Hyperfine, Inc. (HYPR): History, Ownership, Mission, How It Works & Makes Money.
Core Values: The Operating System for Growth
Hyperfine's five core values-Passion, Agility, Results, Community, and Authenticity-are the cultural guardrails for executing their ambitious mission. For an investor or strategist, these values matter because they define how the company responds to the inevitable setbacks in a capital-intensive, regulatory-heavy industry. You need a resilient culture when your full-year 2025 cash burn is still expected to be in the range of $29 million to $31 million.
The value of 'Agility' is particularly important right now. The company successfully converted its entire U.S. hospital pipeline to the next-generation Swoop system in Q3 2025, which is a massive logistical and sales pivot that shows they can embrace change quickly. 'Results' is also evident in the Q3 gross margin hitting a record 53.8%, up 450 basis points sequentially, demonstrating an improving unit economic profile as they scale. This shows a clear focus on producing safe, effective, and quality products, which is a direct component of their Results value.
- Passion: Solving problems with enthusiasm to energize the team.
- Agility: Embracing continuous improvement and market shifts.
- Results: Being accountable for safe, effective, and quality products.
- Community: Fostering a positive, collaborative environment.
- Authenticity: Building trust by being genuine and transparent.
The October 2025 public offering, which raised $20.1 million in gross proceeds, significantly bolstered the balance sheet. That capital is the fuel for their Agility, allowing them to invest in commercial expansion and growth, which is exactly what you want to see when a company is still in its commercialization phase.
Hyperfine, Inc. (HYPR) Core Values
You're looking past the Q3 2025 revenue of $3.4 million and the full-year guidance of $13 to $14 million, which is smart; a company's values are the bedrock for long-term growth, especially in a capital-intensive sector like medical technology. Hyperfine, Inc.'s strategy centers on its portable Swoop® system, and its five core values-Passion, Agility, Results, Community, and Authenticity-are the operational guide for democratizing MRI access. They are the engine behind the sequential revenue growth of 27% in the third quarter of 2025, which is a clear signal of commercial momentum.
The company's mission is direct: to revolutionize patient care globally through transformational, accessible, clinically relevant diagnostic imaging, and data solutions. This is not just corporate filler; it's a commitment that aligns with their guiding principle, 'Patients First.' For a deeper dive into the market dynamics driving this growth, you should read Exploring Hyperfine, Inc. (HYPR) Investor Profile: Who's Buying and Why?
Passion
Passion at Hyperfine, Inc. means approaching complex problems with an enthusiasm that motivates the team and the market. It's about the drive to solve the problem of inaccessible, expensive MRI. You can see this in the development of the next-generation Swoop® system, which is powered by Optive AI™ software. This wasn't a minor update; it's a fundamental step that allowed the company to deliver a record gross margin of nearly 54% in Q3 2025, up 450 basis points sequentially. That kind of margin improvement doesn't happen without a deep, focused commitment to the product's value proposition.
- Solve problems with enthusiasm.
- Energize those around us.
Agility
The medical device market moves fast, and Agility-embracing change and continuous improvement-is critical for a growth-stage company still posting a Q3 2025 net loss of $11.0 million. Hyperfine, Inc. demonstrated this by quickly converting its entire U.S. hospital pipeline to the next-generation Swoop® system, and initiating a full-scale commercial launch into the neurology office setting in 2025. You have to be able to pivot your sales strategy to unlock new revenue streams, and they did exactly that. They sold eight Swoop® subsystems in Q3 2025, with a record average selling price of $361,000, reflecting this fast shift toward the higher-value, next-generation product.
Results
Results are about being purposeful and accountable, delivering safe, effective, and quality products. For investors, this translates directly to financial performance and operational milestones. The Q4 2025 revenue guidance of $5 to $6 million is a clear, near-term result target, representing a projected 60% sequential growth at the midpoint. This is the action-to-outcome mapping we look for. Also, securing both CE Mark and UKCA Mark approvals for the Optive AI™ software in 2025, which is necessary for commercial rollout in Europe and the UK, is a non-financial result that directly enables future revenue.
Community
This value extends Hyperfine, Inc.'s impact beyond U.S. hospitals to global health equity. Community means fostering a positive and collaborative environment. A concrete example is the $3.7 million grant received from the Gates Foundation in November 2025. This funding, which extends through 2028, is specifically for technical innovation with the portable MRI for neonatal scanning to evaluate neurodevelopment in resource-constrained settings. This initiative, part of the UNITY project, has already scanned over 6,000 babies across five continents, showing a powerful commitment to global patient care that goes far beyond a typical corporate social responsibility program.
Authenticity
Authenticity is about being genuine and creating an environment where others feel safe and can thrive. For a medical device company, this is defintely tied to transparency in clinical data and a focus on the patient at the bedside. The company's ongoing NEURO PMR study, which started patient enrollment in 2025, is evaluating the use of the AI-powered portable MRI in neurology offices. This dedication to generating new, real-world clinical evidence in a new market setting-the neurology office-is an authentic commitment to proving the clinical relevance of their technology, not just selling it. It shows they are true to their core mission of making MRI accessible where it's needed most.

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