Quarterly ResultMay 7, 2026, 09:02 AM
Privia Health Q1 Revenue Jumps 26% to $603.8M; Net Income Down 27%
AI Summary
Privia Health Group, Inc. reported a significant 26% increase in revenue, reaching $603.8 million for the first quarter of 2026, alongside a 42% rise in operating income to $7.4 million. However, net income attributable to Privia Health Group, Inc. decreased by 27% to $3.1 million, primarily impacted by a higher effective tax rate and increased stock-based compensation. The company also saw an increase in net cash used in operating activities and expanded its operations into new geographic markets.
Key Highlights
- Total revenue increased 26% to $603.8 million for the three months ended March 31, 2026.
- Net income attributable to Privia Health Group, Inc. decreased 27% to $3.1 million.
- Operating income rose 42% to $7.4 million in the first quarter of 2026.
- Basic earnings per share was $0.02, down from $0.03 in Q1 2025.
- Net cash used in operating activities increased to $49.5 million from $24.1 million.
- Cash and cash equivalents were $419.5 million as of March 31, 2026, down from $479.7 million.
- Provider liability increased to $518.6 million as of March 31, 2026.
- The company now operates in 16 markets, including new additions like Indiana and Arizona.
- Stock-based compensation expense increased to $21.9 million from $17.8 million.
Price Impact
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