Privia Health Group (PRVA) FY2023 results: revenue $1.7 billion, up 22.2% on the year
Privia Health Group, Inc. (PRVA) reported revenue of $1.7 billion for fiscal 2023, the year ended 31 December 2023, up 22.2% on the year before. Net income was $23 million, and diluted earnings per share $0.19. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2024.
Revenue
$1.7 billion
+22.2% on the year
FY2019FY2023
Operating margin
1.2%
-1.4% a year earlier
FY2019FY2023
Net income
$23 million
FY2019FY2023
Diluted EPS
$0.19
FY2019FY2023
this yearthe year beforeHover a bar for its figure.
$ million except per share. 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.
Cash flow
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
80.8
47.2
55.1
+71.2%
Capital expenditure
0.1
0.1
0.5
+8.7%
Free cash flow
80.7
47.1
54.5
+71.3%
Free cash flow margin
4.9%
3.5%
5.6%
Cash from investing
-43.0
-0.1
-32.8
Cash from financing
3.7
-19.7
214
Depreciation and amortisation
6.5
4.6
2.5
+42.9%
Share-based compensation
37.1
67.4
254
-44.9%
Diluted shares, weighted
125m
111m
103m
+12.6%
Shares outstanding at period end
118m
115m
108m
+3.1%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
561
499
427
+12.5%
Non-controlling interest
46.0
20.0
23.3
+130.3%
Debt
0.0
0.0
31.7
Operating lease liabilities
5.2
8.5
11.0
-38.2%
Other liabilities
387
265
193
+46.0%
Total liabilities and equity
1,000
793
686
+26.1%
Fixed assets
2.3
3.4
4.5
-31.3%
Goodwill
139
127
128
+9.3%
Intangible assets
108
57.4
59.7
+87.6%
Cash and equivalents
390
348
321
+11.9%
Receivables
291
190
117
+53.4%
Other assets
70.9
67.5
56.2
+5.1%
Total assets
1,000
793
686
+26.1%
10-K for the year ended 31 December 2023, filed 27 February 2024: the filing.