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InnovAge Announces Financial Results for the Fourth Quarter and Fiscal Year Ended June 30, 2026

INNV
  • InnovAge Holding Corp. reported fiscal 2026 total revenues of $989.7 million, a 15.9% increase compared to $853.7 million in 2025.
  • The company recorded a net loss of $0.7 million for the full year 2026, a 98% reduction from the $35.3 million net loss in 2025.
  • Income before income taxes for fiscal 2026 was $0.3 million, representing a 100.8% increase from the $34.0 million loss in 2025.
  • Adjusted EBITDA for the full year 2026 reached $94.6 million, an increase of $60.1 million from $34.5 million in 2025, with a margin of 9.6%.
  • Center-level Contribution Margin totaled $227.8 million for fiscal 2026, up 48.3% from $153.6 million in 2025, representing a 23.0% margin compared to 18.0% in the prior year.
  • The participant census grew to approximately 8,230 as of June 30, 2026, up from 7,740 in 2025, while member months increased to 96,050 from 89,130.
  • InnovAge issued fiscal 2027 guidance projecting total revenues between $1.05 billion and $1.085 billion.
  • Fiscal 2027 guidance forecasts an Adjusted EBITDA range of $105 million to $115 million with a census target of 8,625 to 8,850 participants.
  • The company serves approximately 8,230 participants across 20 centers in six states as of June 30, 2026.
  • Total assets increased to $557.4 million at June 30, 2026, from $526.9 million in 2025, driven by growth in cash reserves 5691009583 and property.