Innovage Holding Corp. ( (INNV) ) has released its Q4 earnings. Here is a breakdown of the information Innovage Holding Corp. presented to its investors.
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InnovAge Holding Corp., a leader in providing comprehensive healthcare programs for frail seniors through the Program of All-inclusive Care for the Elderly (PACE), has reported its financial results for the fiscal year ending June 30, 2025. The company, which operates across 20 centers in six states, focuses on enabling older adults to age independently in their homes.
InnovAge’s fiscal year 2025 saw a significant increase in total revenue, reaching $853.7 million, an 11.8% rise from the previous year. Despite this growth, the company reported a net loss of $35.3 million, up from $23.2 million in 2024. The company’s CEO, Patrick Blair, expressed confidence in the company’s progress, citing responsible growth and financial discipline as key factors.
Key financial metrics included a center-level contribution margin of $153.6 million, marking a 16.3% increase, and an adjusted EBITDA of $34.5 million, more than doubling from the previous year. The adjusted EBITDA margin improved to 4.0%, reflecting a 1.9 percentage point increase. The participant census also grew to approximately 7,740, indicating a steady demand for InnovAge’s services.
Looking ahead, InnovAge has set its financial guidance for fiscal year 2026, projecting total revenues between $900 million and $950 million and an adjusted EBITDA ranging from $56 million to $65 million. The company anticipates serving between 7,900 and 8,100 participants, continuing its trajectory of growth.
InnovAge’s management remains optimistic about the future, expecting to maintain momentum in fiscal 2026 through continued focus on growth and operational efficiency. The company’s strategic initiatives aim to enhance its service offerings and expand its reach within the healthcare sector.