InnovAge Holding Corp (INNV)

Name: InnovAge Holding Corp Financial Statements
Creator: Quarter Results

Healthcare | Medical Care Facilities

Latest reporting period: 2025-12-31

Latest Quarter

2025-12-31

Revenue

$240M

Net Income

$10.6M

Operating Margin

6.7%

Free Cash Flow

$26.6M

Debt / Assets

52.8%

Values are in USD and rounded to the nearest whole number unless noted.

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Income statement quarterly history for InnovAge Holding Corp (INNV).
Income Statement (Quarterly)	2025-12-31	2025-09-30	2025-03-31	2024-12-31
Revenue	239,708,000	236,105,000	218,142,000	208,999,000
Cost of Revenue	191,760,000	184,749,000	177,395,000	171,934,000
Gross Profit	47,948,000	51,356,000	40,747,000	37,065,000
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	34,686,000	37,878,000	45,519,000	35,807,000
Operating Expenses	31,847,000	43,067,000	50,905,000	49,621,000
Operating Income	16,101,000	8,289,000	-10,158,000	-12,556,000
Interest Expense	1,246,000	1,160,000	1,160,000	760,000
Income Before Tax	12,456,000	7,916,000	-11,061,000	-13,457,000
Income Tax Expense	651,000	247,000	72,000	34,000
Net Income	10,618,000	8,019,000	-11,378,000	-13,221,000
Per Share
EPS	0.08	-0.08	-0.08	-0.10
EPS Diluted	0.00	0.00	0.00	0.00

Income statement annual history for InnovAge Holding Corp (INNV).
Income Statement (Annual)	2025-06-30	2024-06-30	2023-06-30	2022-06-30	2021-06-30
Revenue	853,699,000	763,855,000	688,087,000	698,640,000	637,800,000
Cost of Revenue	268,908,000	631,791,000	586,799,000	563,268,000	463,720,000
Gross Profit	584,791,000	132,064,000	101,288,000	135,372,000	174,080,000
Operating Expenses
R&D Expenses	0	0	0	0	0
SG&A Expenses	150,275,000	136,294,000	135,264,000	125,854,000	154,569,000
Operating Expenses	614,552,000	155,244,000	150,683,000	139,778,000	185,074,000
Operating Income	-29,761,000	-23,180,000	-49,395,000	-4,711,000	-12,337,000
Interest Expense	4,612,000	4,023,000	1,522,000	2,526,000	16,787,000
Income Before Tax	-34,027,000	-21,819,000	-50,793,000	-7,237,000	-34,969,000
Income Tax Expense	1,316,000	1,402,000	-7,241,000	723,000	9,771,000
Net Income	-30,313,000	-21,338,000	-40,673,000	-7,960,000	-43,986,000
Per Share
EPS	-0.22	-0.16	-0.30	-0.06	-0.36
EPS Diluted	0.00	0.00	0.00	0.00	0.00

Balance sheet quarterly history for InnovAge Holding Corp (INNV).
Balance Sheet (Quarterly)	2025-06-30	2024-06-30	2023-06-30	2022-06-30
Assets
Cash and Cash Equivalents	64,140,000	56,946,000	127,249,000	184,429,000
Short Term Investments	41,775,000	45,833,000	46,213,000	0
Net Receivables	39,683,000	51,430,000	24,606,000	42,668,000
Inventory	0	0	-262,000	1
Total Current Assets	176,108,000	173,142,000	215,229,000	240,956,000
Property Plant Equipment	194,945,000	221,438,000	213,398,000	176,260,000
Goodwill and Intangibles	145,923,000	144,487,000	129,415,000	130,075,000
Total Assets	557,229,000	547,661,000	567,358,000	555,596,000
Liabilities
Account Payables	76,750,000	55,459,000	54,935,000	50,562,000
Short Term Debt	12,166,000	21,283,000	12,047,000	7,161,000
Total Current Liabilities	164,807,000	138,599,000	148,450,000	105,307,000
Long Term Debt	88,917,000	100,496,000	96,786,000	77,650,000
Total Liabilities	294,321,000	247,853,000	252,558,000	201,852,000
Shareholders Equity
Retained Earnings	-101,047,000	-68,311,000	-35,944,000	4,729,000
Total Shareholders Equity	234,968,000	269,261,000	296,299,000	332,364,000

Balance sheet annual history for InnovAge Holding Corp (INNV).
Balance Sheet (Annual)	2025-06-30	2024-06-30	2023-06-30	2022-06-30	2021-06-30
Assets
Cash and Cash Equivalents	64,140,000	56,946,000	127,249,000	184,429,000	201,466,000
Short Term Investments	41,775,000	45,833,000	46,213,000	0	0
Net Receivables	39,683,000	51,430,000	24,606,000	42,668,000	37,983,000
Inventory	0	0	-262,000	1	0
Total Current Assets	176,108,000	173,142,000	215,229,000	240,956,000	250,932,000
Property Plant Equipment	194,945,000	221,438,000	213,398,000	176,260,000	142,715,000
Goodwill and Intangibles	145,923,000	144,487,000	129,415,000	130,075,000	130,735,000
Total Assets	557,229,000	547,661,000	567,358,000	555,596,000	531,752,000
Liabilities
Account Payables	76,750,000	55,459,000	54,935,000	50,562,000	32,361,000
Short Term Debt	12,166,000	21,283,000	12,047,000	7,161,000	5,869,000
Total Current Liabilities	164,807,000	138,599,000	148,450,000	105,307,000	78,565,000
Long Term Debt	88,917,000	100,496,000	96,786,000	77,650,000	76,764,000
Total Liabilities	294,321,000	247,853,000	252,558,000	201,852,000	173,787,000
Shareholders Equity
Retained Earnings	-101,047,000	-68,311,000	-35,944,000	4,729,000	11,250,000
Total Shareholders Equity	234,968,000	269,261,000	296,299,000	332,364,000	335,146,000

Cash flow quarterly history for InnovAge Holding Corp (INNV).
Cash Flow Statement (Quarterly)	2025-06-30	2024-06-30	2023-06-30	2022-06-30
Operating Activities
Net Income	-35,343,000	-23,221,000	-43,552,000	-7,960,000
Depreciation & Amortization	19,510,000	18,950,000	15,419,000	13,924,000
Stock Based Compensation	7,619,000	6,832,000	4,608,000	3,739,000
Change in Working Capital	15,235,000	-52,146,000	45,639,000	8,623,000
Operating Cash Flow	32,866,000	-36,898,000	20,236,000	27,302,000
Investing Activities
Capital Expenditure	-6,263,000	-7,914,000	-23,354,000	-38,238,000
Investments	-6,263,000	-7,914,000	-23,354,000	-38,238,000
Investing Cash Flow	-5,550,000	-26,373,000	-69,521,000	-40,238,000
Financing Activities
Debt Repayment	-9,906,000	-8,432,000	-7,896,000	-6,318,000
Common Stock Issued/Repurchased	-7,321,000	-179,000	0	0
Dividends Paid	0	0	0	0
Financing Cash Flow	-19,082,000	-7,034,000	-7,896,000	-6,318,000
Summary
Free Cash Flow	26,603,000	-44,812,000	-3,118,000	-10,936,000
Net Change in Cash	8,234,000	-70,305,000	-57,181,000	-19,254,000

Cash flow annual history for InnovAge Holding Corp (INNV).
Cash Flow Statement (Annual)	2025-06-30	2024-06-30	2023-06-30	2022-06-30	2021-06-30
Operating Activities
Net Income	-35,343,000	-23,221,000	-43,552,000	-7,960,000	-43,986,000
Depreciation & Amortization	19,510,000	18,950,000	15,419,000	13,924,000	12,294,000
Stock Based Compensation	7,619,000	6,832,000	4,608,000	3,739,000	1,664,000
Change in Working Capital	15,235,000	-52,146,000	45,639,000	8,623,000	-110,000
Operating Cash Flow	32,866,000	-36,898,000	20,236,000	27,302,000	-7,548,000
Investing Activities
Capital Expenditure	-6,263,000	-7,914,000	-23,354,000	-38,238,000	-19,541,000
Investments	-6,263,000	-7,914,000	-23,354,000	-38,238,000	-17,541,000
Investing Cash Flow	-5,550,000	-26,373,000	-69,521,000	-40,238,000	-19,541,000
Financing Activities
Debt Repayment	-9,906,000	-8,432,000	-7,896,000	-6,318,000	-514,448,000
Common Stock Issued/Repurchased	-7,321,000	-179,000	0	0	292,865,000
Dividends Paid	0	0	0	0	-9,500,000
Financing Cash Flow	-19,082,000	-7,034,000	-7,896,000	-6,318,000	116,224,000
Summary
Free Cash Flow	26,603,000	-44,812,000	-3,118,000	-10,936,000	-27,089,000
Net Change in Cash	8,234,000	-70,305,000	-57,181,000	-19,254,000	89,135,000