Independent research on the U.S. markets, Baptista Research

Baptista Research

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. 

We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Hinge Health is preparing for its next phase of expansion, with CEO Daniel Perez reportedly exploring additional acquisitions, particularly in medical hardware, to strengthen the company's growing digital healthcare platform.</li><li>Once primarily focused on treating back pain and other musculoskeletal conditions, Hinge Health has expanded into migraine management, pelvic health, surgical care, and now digestive health through its recently completed $105 million acquisition of Cylinder Health.</li><li>The timing follows a strong second quarter, during which revenue surged 53% year-over-year to $213 million, free cash flow reached approximately $100 million, and management raised its 2026 revenue guidance to $856 million–$860 million.</li></ul>

Hinge Health is preparing for its next phase of expansion, with CEO Daniel Perez reportedly exploring additional acquisitions, particularly in medical hardware, to strengthen the company's growing digital healthcare platform.Once primarily focused on treating back pain and other musculoskeletal conditions, Hinge Health has expanded into migraine management, pelvic health, surgical care, and now digestive health through its recently completed $105 million acquisition of Cylinder Health.The timing follows a strong second quarter, during which revenue surged 53% year-over-year to $213 million, free cash flow reached approximately $100 million, and management raised its 2026 revenue guidance to $856 million–$860 million.

Hinge Health Is Expanding Beyond Back Pain: A Billion-Dollar Gamble?