InnovAge Holding Corp. (INNV) Financial Statements
Industry: Health Services (Services)
In fiscal 2026, InnovAge reported revenue of $989.7M, up 15.9% from $853.7M the year before. Net income was -$2.5M (a -0.3% net margin), or -$0.02 per diluted share. Gross margin was 23.0% and operating margin was 0.3%. Operating activities generated $64.7M of cash, leaving $50.4M of free cash flow. At fiscal year end, InnovAge held $557.4M in total assets against $288.6M in total liabilities, including $97.9M of cash and equivalents.
Open the full interactive InnovAge financials → Quarterly statements, key ratios, valuation history and price charts.
InnovAge Key Stats
| Share Price | $9.02 |
|---|---|
| Market Cap | $1.22B |
| Revenue YoY Growth | +15.9% |
| 52-Week Range | $3.99 – $12.11 |
| Shares Outstanding | 135.7 million (basic, 2026 Q4) |
InnovAge Income Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Revenue | $637.8M | $698.6M | $688.1M | $763.9M | $853.7M | $989.7M |
| Cost of Goods Sold | $650.1M | $703.0M | $737.5M | $787.0M | $883.5M | $987.1M |
| Gross Profit | -$12.3M | -$4.4M | $101.3M | $132.1M | $153.6M | $227.8M |
| Operating Income | -$12.3M | -$4.4M | -$49.4M | -$23.2M | -$29.8M | $2.6M |
| Pre-Tax Income | -$34.2M | -$5.8M | -$47.9M | -$19.9M | -$29.0M | -$1.6M |
| Income Tax | $9.8M | $723,000 | -$7.2M | $1.4M | $1.3M | $949,000 |
| Net Income | -$44.0M | -$6.5M | -$40.7M | -$21.3M | -$30.3M | -$2.5M |
| Diluted EPS | -$0.36 | -$0.05 | -$0.30 | -$0.16 | -$0.22 | -$0.02 |
InnovAge Quarterly Results
| 2026 Q1 | 2026 Q2 | 2026 Q3 | 2026 Q4 | |
|---|---|---|---|---|
| Revenue | $236.1M | $239.7M | $251.9M | $262.0M |
| Net Income | $8.0M | $10.6M | -$29.5M | $8.3M |
| Diluted EPS | $0.06 | $0.08 | -$0.22 | $0.06 |
InnovAge Balance Sheet
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $201.5M | $184.4M | $127.2M | $56.9M | $64.1M | $97.9M |
| Current Assets | $250.9M | $241.0M | $215.2M | $173.1M | $176.1M | $214.3M |
| Total Assets | $531.8M | $555.6M | $567.4M | $547.7M | $526.9M | $557.4M |
| Current Liabilities | $78.6M | $105.3M | $148.4M | $138.6M | $164.8M | $203.9M |
| Total Long-Term Debt | $75.4M | $72.0M | $68.6M | $65.3M | $59.7M | $48.1M |
| Total Liabilities | $173.8M | $201.9M | $252.6M | $247.9M | $263.9M | $288.6M |
| Shareholders' Equity | $335.1M | $332.4M | $296.3M | $269.3M | $235.0M | $235.6M |
InnovAge Cash Flow Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$7.5M | $27.3M | $20.2M | -$36.9M | $32.9M | $64.7M |
| Cash From Investing | -$19.5M | -$40.2M | -$69.5M | -$26.4M | -$5.5M | -$12.3M |
| Cash From Financing | $116.2M | -$6.3M | -$7.9M | -$7.0M | -$19.1M | -$18.5M |
| Free Cash Flow | -$25.1M | -$10.9M | -$3.1M | -$44.8M | $26.6M | $50.4M |
| Dividends Paid | $9.5M | — | — | — | — | — |
Figures from InnovAge's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full InnovAge financials page for every line item.
InnovAge Company Profile
| Ticker | INNV |
|---|---|
| Exchange | Nasdaq |
| Industry | Health Services (Services) |
| Headquarters | Denver, Colorado |
| Incorporated in | Delaware |
| Fiscal Year End | June 30 |
| SEC Filer Category | Accelerated filer, smaller reporting company |
| SEC CIK | 0001834376 |
Frequently Asked Questions
What was InnovAge's revenue in fiscal 2026?
InnovAge (INNV) reported revenue of $989.7M for fiscal 2026.
What is InnovAge's annual revenue history?
InnovAge's annual revenue by fiscal year: 2021: $637.8M; 2022: $698.6M; 2023: $688.1M; 2024: $763.9M; 2025: $853.7M; 2026: $989.7M.
What was InnovAge's net income in fiscal 2026?
InnovAge reported net income of -$2.5M for fiscal 2026.
What was InnovAge's earnings per share (EPS) in fiscal 2026?
InnovAge's diluted EPS was -$0.02 for fiscal 2026 (adjusted for any later stock splits).
How much free cash flow did InnovAge generate in fiscal 2026?
InnovAge generated $50.4M of free cash flow in fiscal 2026.
What was InnovAge's revenue last quarter?
In its most recent reported quarter (2026 Q4), InnovAge reported revenue of $262.0M.
How much debt does InnovAge have?
InnovAge reported $48.1M of long-term debt, including the current portion, at the end of fiscal 2026.
How many shares of InnovAge are outstanding?
InnovAge reported a weighted average of 135.7 million basic shares outstanding in 2026 Q4.
What is InnovAge's market cap?
Based on its latest closing price, InnovAge (INNV) has a market capitalization of about $1.22B.
When does InnovAge's fiscal year end?
InnovAge's fiscal year end, as registered with the SEC, is June 30.
Where is InnovAge headquartered?
InnovAge lists its business address in Denver, Colorado in its SEC filings.