INNV

+ Watchlist + Portfolio

InnovAge Holding Corp.

Recurring revenue Regulated industry Government contractsTags from an AI model reading the company description.

GridBrain — Sign in

GridSentinel — Sign in

GridAegis — Sign in

Key Metrics

Previous Close: $8.80
52-Week Range: $3.94 – $12.64
Market Cap: $1.22B
P/E (TTM): —
EPS (TTM): -0.02
Dividend Yield: 0.00%

Advanced Metrics

Price/Book: 5.17
PEG Ratio: —
Return on Equity: -0.26%
Return on Assets: 0.67%
Gross Margin: 68.46%
Operating Margin: 5.04%
Profit Margin: -0.26%
Current Ratio: 1.05
Debt/Equity: 0.32
Total Debt: $86.95M
Free Cash Flow: $49.48M
Revenue Growth: 18.30%
Earnings Growth: —
Enterprise Value: $1.20B

INNV Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	$698.64M	$688.09M	$763.86M	$853.70M	$989.71M
Cost of Revenue	$563.27M	$586.80M	$631.79M	$700.06M	$761.94M
Gross Profit	$135.37M	$101.29M	$132.06M	$153.64M	$227.76M
Selling, General & Admin	$125.85M	$135.26M	$136.29M	$150.28M	$200.85M
Operating Expenses	$139.78M	$150.68M	$155.24M	$169.78M	$221.99M
Operating Income	-$4.41M	-$49.40M	-$23.18M	-$16.15M	$5.77M
EBITDA	$9.21M	-$33.85M	$1.15M	-$9.90M	$25.67M
Pretax Income	-$7.24M	-$50.79M	-$21.82M	-$34.03M	$266.00K
Income Tax	$723.00K	-$7.24M	$1.40M	$1.32M	$949.00K
Net Income	-$6.52M	-$40.67M	-$21.34M	-$30.31M	-$2.54M
Diluted EPS	-0.05	-0.30	-0.16	—	—
Diluted Shares	135.52M	135.59M	135.90M	—	—

INNV Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025	FY2026
Cash & Equivalents	$184.43M	$127.25M	$56.95M	$64.13M	$97.89M
Receivables	$42.67M	$24.61M	$51.43M	$39.68M	$45.67M
Current Assets	$240.96M	$215.23M	$173.14M	$176.11M	$214.31M
Total Assets	$555.60M	$567.36M	$547.66M	$526.85M	$557.39M
Current Liabilities	$105.31M	$148.45M	$138.60M	$164.81M	$203.89M
Long-Term Debt	$68.21M	$64.84M	$61.48M	$57.46M	$45.52M
Total Debt	$84.81M	$108.83M	$113.03M	$101.08M	$86.95M
Total Liabilities	$201.85M	$252.56M	$247.85M	$263.94M	$288.62M
Retained Earnings	$4.73M	-$35.94M	-$68.31M	-$101.05M	-$105.76M
Shareholders' Equity	$332.36M	$296.30M	$269.26M	$234.97M	$235.60M
Working Capital	$135.65M	$66.78M	$34.54M	$11.30M	$10.42M
Net Debt	—	—	$8.33M	—	—

INNV Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025	FY2026
Operating Cash Flow	$27.30M	$20.24M	-$36.90M	$32.87M	$64.71M
Capital Expenditure	-$38.24M	-$23.35M	-$7.91M	-$6.26M	-$14.31M
Free Cash Flow	-$10.94M	-$3.12M	-$44.81M	$26.60M	$50.41M
Depreciation & Amortisation	$13.92M	$15.42M	$18.95M	$19.51M	$21.14M
Stock-Based Compensation	$3.74M	$4.61M	$6.83M	$7.62M	$7.05M
Investing Cash Flow	-$40.24M	-$69.52M	-$26.37M	-$5.55M	-$12.34M
Financing Cash Flow	-$6.32M	-$7.90M	-$7.03M	-$19.08M	-$18.53M
Dividends Paid	$0.00	—	—	—	—
Share Repurchases	$0.00	$0.00	-$179.00K	-$7.32M	$0.00
Net Change in Cash	-$19.25M	-$57.18M	-$70.31M	$8.23M	$33.84M

INNV Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$218.14M	$221.42M	$236.10M	$239.71M	$251.94M	$261.95M
Cost of Revenue	$177.40M	$180.13M	$184.75M	$186.88M	$190.92M	$199.39M
Gross Profit	$40.75M	$41.29M	$51.36M	$52.83M	$61.02M	$62.56M
Selling, General & Admin	$45.52M	$34.92M	$37.88M	$34.69M	$85.28M	$43.01M
Operating Expenses	$50.91M	$38.32M	$42.96M	$39.56M	$90.10M	$49.37M
Operating Income	-$10.16M	$2.97M	$8.39M	$13.26M	-$29.08M	$13.20M
EBITDA	-$4.51M	$85.00K	$14.25M	$18.58M	-$23.96M	$16.80M
Pretax Income	-$11.06M	-$4.20M	$7.92M	$12.46M	-$29.77M	$9.67M
Income Tax	$72.00K	$807.00K	$247.00K	$651.00K	$167.00K	-$116.00K
Net Income	-$11.38M	-$785.00K	$8.02M	$10.62M	-$29.46M	$8.29M
Diluted EPS	-0.08	-0.01	0.06	0.08	-0.22	0.06
Diluted Shares	135.20M	135.13M	136.76M	136.35M	135.70M	137.16M

INNV Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$60.45M	$64.13M	$67.15M	$83.20M	$95.54M	$97.89M
Receivables	$47.72M	$39.68M	$26.48M	$24.61M	$31.97M	$45.67M
Current Assets	$176.18M	$176.11M	$161.70M	$181.85M	$202.61M	$214.31M
Total Assets	$536.65M	$526.85M	$510.23M	$527.48M	$547.39M	$557.39M
Current Liabilities	$225.32M	$164.81M	$138.49M	$144.70M	$195.89M	$203.89M
Long-Term Debt	$1.76M	$57.46M	$56.15M	$55.99M	$55.43M	$45.52M
Total Debt	$105.39M	$101.08M	$98.08M	$95.36M	$93.85M	$86.95M
Total Liabilities	$268.94M	$263.94M	$234.47M	$238.72M	$288.50M	$288.62M
Retained Earnings	-$97.84M	-$101.05M	-$93.03M	-$82.41M	-$111.87M	-$105.76M
Shareholders' Equity	$237.96M	$234.97M	$244.98M	$256.79M	$229.03M	$235.60M
Working Capital	-$49.14M	$11.30M	$23.21M	$37.15M	$6.73M	$10.42M
Net Debt	$2.29M	—	—	—	—	—

INNV Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	$24.63M	$9.00M	$3.92M	$21.36M	$18.14M	$21.29M
Capital Expenditure	-$2.90M	—	-$4.08M	-$2.36M	-$3.60M	-$4.27M
Free Cash Flow	$21.73M	$9.18M	-$153.00K	$19.00M	$14.54M	$17.02M
Depreciation & Amortisation	$5.39M	$3.39M	$5.08M	$4.88M	$4.82M	$6.36M
Stock-Based Compensation	$2.03M	$1.55M	$2.31M	$1.22M	$1.79M	$1.73M
Investing Cash Flow	-$8.14M	$976.00K	-$814.00K	-$2.90M	-$3.80M	-$4.82M
Financing Cash Flow	-$2.12M	-$5.25M	-$11.00K	-$2.40M	-$2.01M	-$14.11M
Share Repurchases	-$1.11M	-$297.00K	$0.00	$0.00	$0.00	$0.00
Net Change in Cash	$14.38M	$4.73M	$3.10M	$16.06M	$12.33M	$2.35M

Market Snapshot

About

InnovAge Holding Corp. is a healthcare delivery company providing comprehensive medical care and social support services to seniors through the Program of All-Inclusive Care for the Elderly (PACE). The company operates PACE centers across multiple states, offering integrated healthcare services including primary care, specialists, prescription drugs, transportation, and social activities for frail elderly individuals. InnovAge's model aims to help seniors remain in their homes and communities rather than moving to nursing facilities. The company's interdisciplinary care teams coordinate all aspects of participants' health and wellness needs.