Business
InnovAge Announces Financial Results for the Fiscal First Quarter Ended September 30, 2025
DENVER, Nov. 04, 2025 (GLOBE NEWSWIRE) -- InnovAge Holding Corp. (“InnovAge” or the “Company”) (Nasdaq: INNV), an industry leader in providing comprehensive
About this update from Innovage Holding Corp.
[{"type":"text","content":"DENVER, Nov. 04, 2025 (GLOBE NEWSWIRE) -- InnovAge Holding Corp. (“InnovAge” or the “Company”) (Nasdaq: INNV), an industry leader in providing comprehensive healthcare programs to frail, predominantly dual-eligible seniors through the Program of All-inclusive Care for the Elderly (PACE), today announced financial results for its fiscal first quarter ended September 30, 2025. “We’re off to a strong start in fiscal 2026,” said Patrick Blair, CEO. “Our results reflect disciplined execution, continued investment in our people and technology, and growing momentum in the business. We remain focused on delivering high-quality, cost-effective care to more seniors while building the foundation for sustainable growth.” Financial Results Three Months Ended September 30, 2025 2024 in thousands, except percentages and per share amounts Total revenues$236,105 $205,142 Income (Loss) Before Income Taxes 7,916 (5,306) Net Income (Loss) 7,669 (5,710) Net Income (Loss) margin 3.2% (2.8)% Net Income (Loss) Attributable to InnovAge Holding Corp. 8,019 (4,929) Net Income (Loss) per share - basic and diluted$0.06 $(0.04) Center-level Contribution Margin(1)$51,356 $34,541 Adjusted EBITDA(1)$17,642 $6,476 Adjusted EBITDA margin(1) 7.5% 3.2% Fiscal First Quarter 2026 Financial Performance Total revenues of $236.1 million, increased approximately 15.1% compared to $205.1 million in the first quarter of fiscal year 2025Income Before Income Taxes of $7.9 million increased approximately 249.2%, compared to a Loss Before Income Taxes of $5.3 million in the first quarter of fiscal year 2025Income Before Income Taxes as a percent of revenue was 3.4%, an increase of 5.9 percentage points, compared to Loss Before Income Tax as a percent of revenue of 2.6% in the first quarter of fiscal year 2025Center-level Contribution Margin(1) of $51.4 million, increased 48.7% compared to $34.5 million in the first quarter of fiscal year 2025Center-level Contribution Margin(1) as a percent of revenue was 21.8%, an increase of 5.0 percentage points compared to 16.8% in the first quarter of fiscal year 2025Net income of $7.7 million, compared to net loss of $5.7 million in the first quarter of fiscal year 2025Net income margin of 3.2%, an increase of 6.0 percentage points, compared to a net loss margin of 2.8% in the first quarter of fiscal year 2025Net income attributable to In...