Innovage Holding Corp. ( (INNV) ) has released its Q1 earnings. Here is a breakdown of the information Innovage Holding Corp. presented to its investors.
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InnovAge Holding Corp. is a leading provider of comprehensive healthcare programs for frail, predominantly dual-eligible seniors through the Program of All-Inclusive Care for the Elderly (PACE), operating across 20 centers in six states.
InnovAge has reported a strong start to fiscal 2026, showcasing significant improvements in its financial performance for the first quarter ended September 30, 2025. The company highlighted its focus on disciplined execution and continued investment in people and technology as key drivers of its success.
The company achieved total revenues of $236.1 million, marking a 15.1% increase from the previous year. InnovAge also reported a net income of $7.7 million, a significant turnaround from a net loss of $5.7 million in the same quarter last year. The adjusted EBITDA rose to $17.6 million, reflecting a substantial improvement in operational efficiency. Additionally, the participant census increased to approximately 7,890, up from 7,210 the previous year.
InnovAge’s center-level contribution margin improved by 48.7% to $51.4 million, with a margin increase of 5 percentage points. The company ended the quarter with $67.1 million in cash and cash equivalents, alongside $42.3 million in short-term investments, and maintained a debt of $71.5 million.
Looking ahead, InnovAge remains optimistic about its growth prospects, confirming its financial guidance for fiscal year 2026. The company aims to continue expanding its participant base and enhancing its service delivery to sustain its growth trajectory.