Business
Privia Health Reports First Quarter 2025 Financial Results
Strong First Quarter Performance and Operating ExecutionEnters the State of ArizonaFull-Year 2025 Outlook Raised to Mid- to High End of Guidance Ranges for
About this update from Privia Health Group, Inc.
[{"type":"text","content":"Strong First Quarter Performance and Operating ExecutionEnters the State of ArizonaFull-Year 2025 Outlook Raised to Mid- to High End of Guidance Ranges for All Metrics with Attributed Lives Unchanged ARLINGTON, Va., May 08, 2025 (GLOBE NEWSWIRE) -- Privia Health Group, Inc. (Nasdaq: PRVA) today announced financial results for the first quarter ended March 31, 2025. Three Months Ended March 31, ($ in millions, except per share amounts) 2025 2024 Change (%)* Total revenue $480.1 $415.2 15.6%Gross profit $103.6 $93.4 11.0%Operating income $5.2 $0.8 534.0%Net income a $4.2 $3.0 41.4%Non-GAAP adjusted net income b d e $27.8 $22.5 23.3%Net income per share $0.03 $0.02 50.0%Non-GAAP adjusted net income per share b d e $0.22 $0.18 22.2% * Any slight variations in totals are due to rounding.a. Net income for the three months ended March 31, 2025, included $17.8 million in non-cash stock compensation expense. Net income for the three months ended March 31, 2024 included $11.9 million in non-cash stock compensation expense.b. Reconciliations of non-GAAP adjusted net income and other non-GAAP financial measures are presented in tables near the end of this press release. First Quarter 2025 highlights include: Continued strength in same-store growth and new provider additions;Practice Collections of $798.6M, +12.8% versus 1Q’24; andAdjusted EBITDA b d e of $26.9M, +35.1% versus 1Q’24. Key Operating and Non-GAAP Financial Metrics b, d, e Three Months Ended March 31, ($ in millions) 2025 2024 Change (%) Implemented Providers 4,871 4,359 11.7%Value-Based Care Attributed Lives 1,270,000 1,143,000 11.1%Practice Collections $798.6 $707.7 12.8%Care Margin b d $105.3 $94.9 10.9%Platform Contribution b d $51.7 $44.7 15.6%Adjusted EBITDA b d e $26.9 $19.9 35.1% Privia Health Enters the State of Arizona On April 9, 2025, Privia Health announced its entrance into the state of Arizona in partnership with Integrated Medical Services (IMS), one of the largest independent multi-specialty practices in the state. IMS has approximately 70 physicians and advanced practice providers in 21 locations, and manages over 28,000 patient lives in value-based care arrangements across Commercial, Medicare, MA and Medicaid programs. Privia Health paid $95 million in cash at closing. IMS is the anchor practice in the launch of Privia Medical Group—Arizona, and is expected t...