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InnovAge Holding Corp. (INNV)

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InnovAge Holding Corp. (INNV) reported revenue of $262 million for Q4 FY2026, the quarter ended 30 June 2026, up 18.3% on the same quarter a year earlier. Net income was $8 million, and diluted earnings per share $0.06. The figures are the company's own, from the 10-K it filed with the SEC on 9 September 2026.

Revenue$262 millionup 18.3%
Net income$8 million
Diluted EPS$0.06
QuarterQ4 FY2026ended 30 June 2026

InnovAge Holding (INNV) in brief

InnovAge Holding (INNV) reported revenue of $990 million for fiscal 2026, the year ended 30 June 2026, up 15.9% on the year before.
Read moreNet loss was $3 million and the diluted loss per share $0.02. Revenue was $854 million in fiscal 2025, $764 million in fiscal 2024, $688 million in fiscal 2023 and $699 million in fiscal 2022. Net income in the same years was a loss of $30 million, a loss of $21 million, a loss of $41 million and a loss of $7 million. Revenue grew 9.2% a year, compounded, over the five years to fiscal 2026. InnovAge Holding had 136 million shares outstanding at the latest filed count. At 30 June 2026 it carried $49 million of debt and $98 million of cash. At the close of 29 October 2026 the market cap of InnovAge Holding was $1.3 billion.

Ratios

From the filings

ROE-1.1%
ROCE0.9%
Operating margin0.3%
Net margin-0.3%
FCF margin5.1%
Interest covern/a
Debt to equity0.21
Cash conversionn/a
Share count, last 12 months0.4%
Sales CAGR, 3 years12.9%
Profit CAGR, 3 yearsn/a
EPS, TTM-$0.02

At the close of 29 October 2026

Price$9.23
Market cap$1.3 billion
Stock P/En/a
Price to book5.33
EV / EBITDA50.77
Dividend yieldn/a
Market cap / sales1.27
52-week high$12.11
52-week low$3.99
Price, 1 year91.5%
Price CAGR, 3 years19.6%
Price CAGR, 5 years6.9%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on long-term debt as InnovAge Holding Corp. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
INNVgreeksoup.ai
Daily prices to 29 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on INNV

Dividends$9.5 million paid in cash dividends in FY2021
Filings18 in twelve months: 11 current reports (8-K), about 5 regulation FD disclosure; 4 results of operations; 2 officer or director change; 1 other events; 1 shareholder vote
Planned insider sales2 Form 144 notices in twelve months, $461,831; latest 25 September 2026
Options tapeput/call 0.06 by open interest at the 29 October 2026 close; the straddle prices a 18.1% move to 20 November 2026
13F holders106 funds reported a position for the quarter to 30 June 2026; largest T. Rowe Price Investment Management, Inc.
Insider trading9 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest1.1 million shares short, 2.06 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 20 quarters

Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023 †Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026Q4 FY2026 *
Revenue173175177173171167173177182189193199205209218221236240252262
Gross profitn/an/a28.0n/a21.422.628.828.527.933.634.036.634.537.140.741.351.452.861.062.6
Gross marginn/an/a16%n/a13%13%17%16%15%18%18%18%17%18%19%19%22%22%24%24%
Operating income11.73.0-6.7-12.3-16.6-13.7-8.2-10.9-10.7-1.8-5.8-4.9-4.9-12.6-10.2-2.28.313.3-29.110.1
Operating margin7%2%-4%-7%-10%-8%-5%-6%-6%-1%-3%-2%-2%-6%-5%-1%4%6%-12%4%
Interest expense0.50.70.70.60.60.20.4n/a0.70.91.0n/an/an/an/an/an/an/an/an/a
Net income7.71.3-2.8-12.7-13.1-9.8-6.6-11.2-10.3-3.4-5.9-1.7-4.9-13.2-11.4-0.88.010.6-29.58.3
Net margin4%1%-2%-7%-8%-6%-4%-6%-6%-2%-3%-1%-2%-6%-5%-0%3%4%-12%3%
Diluted EPS$0.06$0.01-$0.02-$0.10-$0.10-$0.07-$0.05-$0.08-$0.08-$0.03-$0.04-$0.01-$0.04-$0.10-$0.08n/a$0.06$0.08-$0.22$0.06
Operating cash flow20.611.0-7.53.213.1-35.129.113.2-33.0-9.33.51.9-7.56.824.69.03.921.418.121.3
Capital expenditure3.08.68.518.17.77.04.74.02.61.60.53.32.21.32.9n/a4.12.43.64.3
Free cash flow17.52.4-16.0-14.95.5-42.124.49.1-35.6-10.93.1-1.4-9.75.421.7n/a-0.219.014.517.0
Shares outstanding136m136m136m136m136m136m136m136m136m136m136m136m136m135m135m135m136m136m136m136m
Filing10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A blank figure marked on a quarter is one the filings do not give on their own: the quarters as filed do not add to the year the company filed, or the year and its quarters stand on different share counts. Each quarter's page says which. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 7 fiscal years and the trailing twelve months

FY2020FY2021 †FY2022FY2023FY2024FY2025FY2026TTM
Revenue567638699688764854990990
Gross profitn/an/a135101132154228228
Gross marginn/an/a19.4%14.7%17.3%18.0%23.0%23.0%
Operating income50.9-12.3-4.4-49.4-23.2-29.82.62.6
Operating margin9.0%-1.9%-0.6%-7.2%-3.0%-3.5%0.3%0.3%
Interest expense14.616.82.5n/an/an/an/an/a
Income tax9.99.80.7-7.21.41.30.90.9
Net income26.3-44.0-6.5-40.7-21.3-30.3-2.5-2.5
Net margin4.6%-6.9%-0.9%-5.9%-2.8%-3.6%-0.3%-0.3%
Diluted EPS$0.19-$0.36-$0.05-$0.30-$0.16-$0.22-$0.02-$0.02
Filing10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment FY2025 to FY2026

FY2025FY2026Share
of the parts, latest year
PACE853989100.0%
Other Operating Segment1.00.3under 0.1%
PACEOther Operating Segment
854FY2025990FY2026

$ million; hover a block for its figure and share

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by product or service FY2025 to FY2026

FY2025FY2026Share
of the parts, latest year
Capitation revenue85298899.9%
Other service revenue1.31.30.1%
Capitation revenueOther service revenue
854FY2025990FY2026

$ million; hover a block for its figure and share

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2020FY2021 †FY2022FY2023FY2024FY2025FY2026TTM
Operating cash flow43.8-7.527.320.2-36.932.964.764.7
Capital expenditure11.817.538.223.47.96.314.314.3
Free cash flow32.0-25.1-10.9-3.1-44.826.650.450.4
Free cash flow margin5.6%-3.9%-1.6%-0.5%-5.9%3.1%5.1%5.1%
Cash from investing-11.7-19.5-40.2-69.5-26.4-5.5-12.3-12.3
Cash from financing21.2116-6.3-7.9-7.0-19.1-18.5-18.5
Depreciation and amortisation11.312.313.915.418.919.521.121.1
Share-based compensation0.51.73.74.66.87.67.07.0
Buybacksn/a77.6n/an/an/an/an/an/a
Dividends paidn/a9.5n/an/an/an/an/an/a
Diluted shares, weighted135m124m136m136m136m135m136m137m
Shares outstanding at period endn/a136m136m136m136m135m136m136m
Filing10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2020FY2021 †FY2022FY2023FY2024FY2025FY2026TTM
Funded by
Shareholders' equity101335332296269235236236
Non-controlling interest6.76.46.15.88.32.93.23.2
Redeemable equityn/a17.015.312.722.225.030.030.0
Debt21277.473.669.866.060.048.848.8
Operating lease liabilitiesn/an/a0.018.826.323.919.819.8
Finance lease liabilities4.15.29.413.112.77.58.38.3
Other liabilities85.490.6119151143172212212
Total liabilities and equity410532556567548527557557
Owned
Fixed assets102143176n/an/an/an/an/a
Goodwill116124124124140142142142
Intangible assets5.26.55.95.24.53.93.23.2
Investments2.63.55.551.748.541.843.443.4
Cash and equivalents11320118412756.964.197.997.9
Receivables46.332.635.924.348.136.442.442.4
Other assets24.020.823.4235250239228228
Total assets410532556567548527557557
Filing10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compoundedn/a9.2%12.9%15.9%
Profit growth, compoundedn/an/an/an/a
Return on equity, averagen/a-7.5%-7.3%-1.1%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was InnovAge Holding's revenue in fiscal 2026?

InnovAge Holding (INNV) reported revenue of $990 million for fiscal 2026, the year ended 30 June 2026, up 15.9% on the year before.

How much did InnovAge Holding earn in fiscal 2026?

Net loss was $3 million for fiscal 2026, and the diluted loss per share $0.02.

What is InnovAge Holding's market cap?

The market cap of InnovAge Holding was $1.3 billion at the close of 29 October 2026.

How much debt does InnovAge Holding have?

At 30 June 2026 InnovAge Holding carried $49 million of debt and $98 million of cash.

Peers: Healthcare

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
LifeStance Health Group, Inc. LFST$5.2 billion104.853.4%4.9%20.4%0.19n/a
Privia Health Group, Inc. PRVA$2.8 billion104.713.6%1.9%24.1%0.00n/a
GeneDx Holdings Corp. WGS$2.1 billionn/a-43.5%-20.3%25.4%0.41n/a
Healthcare Services Group Inc. HCSG$1.7 billion16.5719.7%n/a4.0%0.00n/a
Sonida Senior Living, Inc. SNDA$1.6 billionn/a-14.2%-13.6%49.4%1.82n/a
Teladoc Health, Inc. TDOC$1.6 billionn/a-12.0%-6.6%-2.4%0.77n/a
Pennant Group, Inc. PNTG$1.5 billion47.188.0%5.6%37.9%0.49n/a
agilon health, Inc. AGL$1.4 billion26.42-102.1%-5.2%0.3%0.13n/a
U S Physical Therapy Inc. USPH$1.3 billion97.757.2%9.4%11.3%0.492.1%
InnovAge Holding Corp. INNV$1.3 billionn/a-1.1%0.3%15.9%0.21n/a
Omada Health, Inc. OMDA$1.2 billion393.201.7%-0.1%n/a0.00n/a
Castle Biosciences Inc. CSTL$1.2 billionn/a-4.1%-9.0%3.2%0.020.0%
All 49 in Healthcare
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
HCA Healthcare, Inc. HCA$100.8 billion15.84n/a12.5%5.8%n/a0.6%
Natera, Inc. NTRA$62.6 billionn/a-10.6%-10.7%37.8%0.04n/a
Labcorp Holdings Inc. LH$29.8 billion30.4511.6%10.4%6.4%0.680.8%
Quest Diagnostics Inc. DGX$27.8 billion25.2014.8%14.6%9.1%0.731.3%
Guardant Health, Inc. GH$24.8 billionn/an/a-39.7%42.7%n/an/a
Tenet Healthcare Corp. THC$21.5 billion7.8553.3%24.4%6.2%2.40n/a
Encompass Health Corp. EHC$13.0 billion21.4123.9%18.0%9.5%1.010.6%
Davita Inc. DVA$12.3 billion14.24n/a15.0%6.4%n/an/a
BrightSpring Health Services, Inc. BTSG$11.9 billionn/an/an/an/a1.07n/a
Ensign Group, Inc. ENSG$10.9 billion27.7315.6%9.0%17.5%0.080.1%
Universal Health Services Inc. UHS$10.6 billion7.1920.3%11.4%10.0%0.650.5%
Caris Life Sciences, Inc. CAI$10.2 billion100.4417.8%15.5%n/a0.66n/a
Pacs Group, Inc. PACS$7.9 billion29.7124.2%7.4%16.6%0.22n/a
Grail, Inc. GRAL$7.1 billionn/a-15.4%-338.4%23.1%0.00n/a
Chemed Corp. CHE$7.0 billion25.9132.8%13.9%5.2%0.270.5%
Hims & Hers Health, Inc. HIMS$6.9 billionn/a-43.8%-6.0%28.0%4.21n/a
RadNet, Inc. RDNT$5.8 billionn/a-1.9%3.1%18.9%1.22n/a
Sotera Health Co. SHC$5.3 billion32.8224.6%n/a8.1%3.21n/a
Concentra Group Holdings Parent, Inc. CON$5.3 billion26.6041.7%16.4%14.0%3.300.6%
LifeStance Health Group, Inc. LFST$5.2 billion104.853.4%4.9%20.4%0.19n/a
Option Care Health, Inc. OPCH$4.8 billion23.9416.6%5.9%5.9%0.92n/a
Veracyte, Inc. VCYT$4.2 billion37.008.2%18.8%17.3%0.00n/a
CareDx, Inc. CDNA$3.8 billion29.9227.5%23.4%38.9%0.00n/a
National Healthcare Corp. NHC$3.3 billion23.7712.5%9.3%6.9%0.001.2%
Surgery Partners, Inc. SGRY$3.0 billionn/a-5.3%11.4%4.0%2.25n/a
Aveanna Healthcare Holdings, Inc. AVAH$2.9 billion10.7895.6%10.5%19.5%4.52n/a
Privia Health Group, Inc. PRVA$2.8 billion104.713.6%1.9%24.1%0.00n/a
Acadia Healthcare Company, Inc. ACHC$2.7 billionn/a-56.9%-32.6%4.3%1.22n/a
Brookdale Senior Living Inc. BKD$2.5 billionn/an/a3.5%-4.4%n/an/a
Addus HomeCare Corp. ADUS$2.3 billion21.799.2%10.0%15.9%0.05n/a
Pediatrix Medical Group, Inc. MD$2.3 billion15.8417.7%10.9%1.9%0.68n/a
Fortrea Holdings Inc. FTRE$2.2 billionn/a-12.9%0.5%-3.4%1.98n/a
Progyny, Inc. PGNY$2.2 billion30.8817.3%8.6%5.5%0.00n/a
GeneDx Holdings Corp. WGS$2.1 billionn/a-43.5%-20.3%25.4%0.41n/a
Ardent Health, Inc. ARDT$1.7 billion22.345.8%3.2%3.3%0.82n/a
Personalis, Inc. PSNL$1.7 billionn/a-45.6%-164.1%-13.3%n/an/a
Healthcare Services Group Inc. HCSG$1.7 billion16.5719.7%n/a4.0%0.00n/a
Sonida Senior Living, Inc. SNDA$1.6 billionn/a-14.2%-13.6%49.4%1.82n/a
Teladoc Health, Inc. TDOC$1.6 billionn/a-12.0%-6.6%-2.4%0.77n/a
Pennant Group, Inc. PNTG$1.5 billion47.188.0%5.6%37.9%0.49n/a
agilon health, Inc. AGL$1.4 billion26.42-102.1%-5.2%0.3%0.13n/a
U S Physical Therapy Inc. USPH$1.3 billion97.757.2%9.4%11.3%0.492.1%
InnovAge Holding Corp. INNV$1.3 billionn/a-1.1%0.3%15.9%0.21n/a
Omada Health, Inc. OMDA$1.2 billion393.201.7%-0.1%n/a0.00n/a
Castle Biosciences Inc. CSTL$1.2 billionn/a-4.1%-9.0%3.2%0.020.0%
AdaptHealth Corp. AHCO$808 millionn/a-16.6%-4.5%-0.4%1.37n/a
Starling Oncology, Inc. STLN$667 millionn/an/a-4.4%38.4%n/an/a
Fulgent Genetics, Inc. FLGT$596 millionn/a-8.4%-37.7%6.8%0.00n/a
SBC Medical Group Holdings Inc. SBC$583 million12.0918.6%37.3%-6.9%0.14n/a
6 companies share its SEC industry code (Services-Health Services); the rest are the names nearest in size in its wider industry, Healthcare, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-K30 June 20269 September 2026EDGAR
10-Q31 March 20268 May 2026EDGAR
10-Q31 December 20253 February 2026EDGAR
10-Q30 September 20254 November 2025EDGAR
10-K30 June 20259 September 2025EDGAR
10-Q31 March 20256 May 2025EDGAR
10-Q31 December 20244 February 2025EDGAR
10-Q30 September 20245 November 2024EDGAR
10-K30 June 202410 September 2024EDGAR
10-Q31 March 20247 May 2024EDGAR