Earnings ·
InnovAge reports Q1 net income of $19.6M and confirms FY27 revenue guidance of $1.05B-$1.085B
INNVInnovAge Holding Corp.
InnovAge Holding Corp. reported fiscal first quarter results ending September 30, 2026, with total revenues increasing approximately 12.1% to $264.8 million from $236.1 million in the prior year period. Net income attributable to InnovAge rose to $19.6 million, or $0.14 per share, compared to $8.0 million, or $0.06 per share, a year earlier. Adjusted EBITDA grew 77% to $31.3 million with an 11.8% margin, driven by census growth to approximately 8,420 participants and disciplined operational execution. The company confirmed its full fiscal year 2027 financial guidance, projecting total revenues between $1.05 billion and $1.085 billion and Adjusted EBITDA of $105 million to $115 million. InnovAge operates in the healthcare industry, providing comprehensive care programs for frail seniors through the Program of All-inclusive Care for the Elderly (PACE).