Quarterly ResultMay 7, 2026, 06:03 AM
Privia Health Q1 Revenue $603.8M, Adj. Net Income $24.3M
AI Summary
Privia Health Group, Inc. announced strong financial results for the first quarter ended March 31, 2026. The company reported a 25.8% increase in total revenue to $603.8 million and a 22.3% rise in non-GAAP adjusted net income to $24.3 million. Adjusted EBITDA also saw significant growth, up 36.3% to $36.7 million. Privia Health reiterated its full-year 2026 guidance for most metrics and raised its outlook for Attributed Lives, reflecting continued momentum.
Key Highlights
- Total revenue increased 25.8% to $603.8 million from $480.1 million in Q1 2025.
- Adjusted net income rose 22.3% to $24.3 million from $19.9 million in Q1 2025.
- Adjusted EBITDA grew 36.3% to $36.7 million from $26.9 million in Q1 2025.
- Net income was $3.1 million, down 27.4% from $4.2 million in Q1 2025, impacted by stock compensation.
- Implemented Providers reached 5,535, a 13.6% increase year-over-year.
- Value-Based Care Attributed Lives grew 26.5% to 1,606,000.
- Practice Collections increased 14.6% to $914.8 million.
- Full-year 2026 guidance for Attributed Lives was raised to 1,600,000 - 1,625,000.