Earnings Releases·Nov 3, 2026, 4:07 PM ET

InnovAge — Fiscal First Quarter 2027 Earnings Summary

Revenue reached $264.8 million, up 12.1% year-over-year, while net income attributable to InnovAge Holding Corp. surged to $19.6 million ($0.14 per share) from $8.0 million ($0.06 per share) in the prior year period.
Adjusted EBITDA expanded to $31.3 million (11.8% margin) from $17.6 million (7.5% margin), driven by a 23.8% increase in center-level contribution margin and a 6.7% growth in census to 8,420 participants.
Full fiscal 2027 guidance was confirmed, projecting revenues between $1,050 million and $1,085 million and Adjusted EBITDA between $105 million and $115 million.
Strategic updates include the discontinuation of the Senior Housing operating segment following a September 2025 asset sale and the incurrence of $1.7 million in offering expenses related to a Form S-3 Shelf Registration.