Quarterly ResultSep 8, 2026, 04:18 PM
InnovAge FY26 Revenue $989.7M, Profitability Improves Significantly
AI Summary
InnovAge Holding Corp. announced strong financial results for the fiscal fourth quarter and full year ended June 30, 2026. Total revenues grew 15.9% year-over-year to $989.7 million, and the company significantly improved its profitability, reporting Income Before Income Taxes of $0.3 million compared to a loss of $34.0 million in the prior year. Net loss attributable to the company narrowed to $2.5 million. Key non-GAAP metrics also showed substantial improvement, with Center-level Contribution Margin up 48.3% and Adjusted EBITDA increasing to $94.6 million. The company also provided positive financial guidance for fiscal year 2027.
Key Highlights
- Total revenues increased 15.9% to $989.7 million in FY2026 from $853.7 million in FY2025.
- Income Before Income Taxes improved to $0.3 million from a loss of $34.0 million in the prior year.
- Net loss attributable to InnovAge Holding Corp. decreased to $2.5 million from $30.3 million in FY2025.
- Center-level Contribution Margin increased 48.3% to $227.8 million in FY2026.
- Adjusted EBITDA surged to $94.6 million in FY2026, up from $34.5 million in FY2025.
- Census grew to approximately 8,230 participants in FY2026 from 7,740 in FY2025.
- Issued FY2027 guidance: Census 8,625-8,850, Total revenues $1,050-$1,085 million, Adjusted EBITDA $105-$115 million.
Price Impact
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