InnovAge Reports Q3 2025 Financial Results

Innovage Holding Corp. ( (INNV) ) has released its Q3 earnings. Here is a breakdown of the information Innovage Holding Corp. presented to its investors.

InnovAge Holding Corp., a leader in providing healthcare programs for frail seniors through the Program of All-inclusive Care for the Elderly (PACE), has announced its financial results for the fiscal third quarter ending March 31, 2025. The company operates across 20 centers in six states, focusing on enabling older adults to age independently at home while reducing high-cost care utilization.

In the third quarter of fiscal 2025, InnovAge reported a 13% increase in total revenue, reaching $218.1 million compared to the previous year. Despite this growth, the company experienced a net loss of $11.1 million, a significant increase from the $6.2 million loss in the same quarter of the previous year. The company’s Adjusted EBITDA showed improvement, rising to $10.8 million from $3.0 million, reflecting better operational efficiency.

Key financial highlights include a 19.9% increase in Center-level Contribution Margin to $40.7 million and an increase in the Adjusted EBITDA margin to 4.9% from 1.5% a year ago. The company also reported an increase in participant census to approximately 7,530, up from 6,820 in the previous year. Despite the increased net loss, these metrics indicate a focus on improving operational performance and participant outcomes.

Looking ahead, InnovAge maintains its guidance for fiscal year 2025, projecting total revenues between $815 million and $865 million and Adjusted EBITDA between $24 million and $31 million. The company remains committed to enhancing its PACE platform and delivering value to its stakeholders, despite the challenges posed by the current economic environment.