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GlobeNewswire·

Privia Health Reports Strong Third Quarter and Year-to-Date 2026 Results

PRVA
  • Privia Health Group reported Year-to-Date 2026 Net Income of $25.6 million, an 85.9% increase from the prior year period.
  • Year-to-Date 2026 Adjusted EBITDA reached $114.7 million, representing a 21.9% growth compared to the same period in 2025.
  • The company raised its full-year 2026 guidance to exceed the high end of previous targets for all key financial metrics, including Adjusted EBITDA, Practice Collections, Revenue, Care Margin, Platform Contribution, Attributed Lives, Implemented Providers, GAAP Revenue, and Net Income.
  • Privia Health acquired American Choice Healthcare MSSP, a subsidiary of Cano Health, for approximately $36 million in cash to expand its Value-Based Care footprint to over 36,000 attributed lives across ten existing states and three new states starting January 1, 2027.
  • The company agreed to exit its partnership with Surgery Partners in Montana effective January 2027, ending support for 69 providers who generated roughly $23 million in annual Practice Collections.
  • As of September 30, 2026, Privia Health held $446.3 million in cash with no debt, expecting to end the year with at least $520 million in cash equivalents.
  • Third Quarter 2026 revenue totaled $657.0 million, up 13.2% year-over-year, while Net Income for the quarter was $13.5 million, a 96.6% increase.
  • Nine-month 2026 Total Revenue was $1,893.4 million, a 19.7% increase, with Operating Income rising 73.1% to $39.7 million.
  • Implemented Providers grew to 5,893 at the end of the third quarter, a 12.2% increase, while Attributed Lives reached 1.676 million, up 19.2%.
  • The company expects approximately 70% of its 2026 Adjusted EBITDA to convert to free cash flow, assuming the 2025 MSSP cash settlement occurs before year-end.