Business
Privia Health Reports Fourth Quarter and Full-Year 2025 Financial Results
All 2025 Operating and Financial Metrics At or Above High End of Guidance RangesFull-year 2025 Net Income +59.3% from 2024Full-year 2025 Adjusted EBITDA of
About this update from Privia Health Group, Inc.
[{"type":"text","content":"All 2025 Operating and Financial Metrics At or Above High End of Guidance RangesFull-year 2025 Net Income +59.3% from 2024Full-year 2025 Adjusted EBITDA of $125.5 Million, +38.8% from 2024Full-year 2025 Net Cash Provided by Operating Activities of $163.4 Million, +49.5% from 2024; Year-end 2025 Cash Balance of $479.7 Million and No Debt2026 Guidance Reflects ~20% Adjusted EBITDA Growth at Midpoint ARLINGTON, Va., Feb. 26, 2026 (GLOBE NEWSWIRE) -- Privia Health Group, Inc. (Nasdaq: PRVA) today announced financial and operating results for the fourth quarter and full year ended December 31, 2025. Each of the Company’s operating and financial performance metrics were at or above the high end of its guidance ranges for 2025, as highlighted below. Full-Year Performance For the Years Ended December 31, ($ in millions, except per share amounts) 2025 2024 Change (%)* Total revenue $2,122.8 $1,736.4 22.3%Gross profit $453.0 $397.7 13.9%Operating income $34.2 $17.0 101.6%Net incomea $22.9 $14.4 59.3%Non-GAAP adjusted net incomeb $127.7 $97.6 30.8%Net income per diluted share $0.18 $0.11 63.6%Non-GAAP adjusted net income per diluted shareb $0.99 $0.78 26.9% *Any slight variations in totals are due to rounding.a.Net income for full-year 2025 included $71.1 million in non-cash stock compensation expense and $10.3 million in non-recurring, and other expenses. Net income for full-year 2024 included $56.7 million in non-cash stock compensation expense and $9.5 million in non-recurring, and other expenses.b.Reconciliations of non-GAAP adjusted net income and other non-GAAP financial measures are presented in tables near the end of this press release. Key Operating and Non-GAAP Financial Metrics c For the Years Ended December 31, ($ in millions) 2025 2024 Change (%)* Implemented Providers 5,380 4,789 12.3%Attributed Lives 1,541,000 1,256,000 22.7%Practice Collections $3,470.5 $2,968.0 16.9%Care Margin $462.2 $403.9 14.4%Platform Contribution $234.8 $195.6 20.0%Adjusted EBITDA $125.5 $90.5 38.8% *Any slight variations in totals are due to rounding. Full-Year 2025 Actual Performance versus Guidance c Initial FY 2025 Guidanced Updated FY 2025 Guidanced FY 2025($ in millions)Low High at November 6, 2025 ActualImplemented Providers 5,200 5,300 5,300 - 5,350 5,380Attributed Lives 1,300,000 1,400,000 1,400,000 - 1,425,000 1,541,000Practice Collections$3...