What is InnovAge Holdings, Inc.'s PACE — D&A?

InnovAge Holdings, Inc. (INNV) reported PACE — D&A of $4.82M in Q1 2026.

How has InnovAge Holdings, Inc.'s PACE — D&A changed year-over-year?

InnovAge Holdings, Inc.'s PACE — D&A decreased by 8.6% year-over-year, from $5.28M to $4.82M.

What is the long-term trend for InnovAge Holdings, Inc.'s PACE — D&A?

Over 3 years (2022 to 2025), InnovAge Holdings, Inc.'s PACE — D&A has grown at a 12.2% compound annual growth rate (CAGR), from $13.49M to $19.06M.

What does PACE — D&A mean?

The non-cash expense allocated to the segment for the wear and tear of tangible assets and the expiration of intangible assets over time. This metric is critical for understanding the capital intensity of the segment's infrastructure.

InnovAge Holdings, Inc. (INNV) PACE — D&A

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Other financials

Income statement

See full

Revenue$251.9M+15.5%

Operating income-$29.1M-186%

Net income-$29.5M-159%

EPS (diluted)-$0.22-175%

Balance sheet

See full

Cash & equivalents$95.5M+58.0%

Total debt$93.8M-11.0%

Total equity$229.0M-3.8%

Total assets$547.4M+2.0%

Cash flow

See full

Operating cash flow$18.1M-26.3%

CapEx$3.6M+24.3%

Free cash flow$14.5M-33.1%

Valuation

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Market cap$1.48B+239%

Enterprise value$1.48B+212%

P/S1.6×+1.0×

Profitability

See full

Operating margin-1%-0.4pp

Net margin-1.2%-0.5pp

FCF margin4.5%+2.6pp

Returns & leverage

See full

Return on equity-5%-1.8pp

Debt / equity0.4×0.0×

Current ratio1×+0.3×

Where this comes from

Reported directly by InnovAge Holdings, Inc. in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSoldDepreciationAndAmortization.

The source filing: InnovAge Holdings, Inc.’s 10-Q, filed May 8, 2026.

Filed: May 7, 2026, 8:00 PM EDT
Fiscal quarter: Q3 FY2026
Calendar quarter: Q1 2026
Accession: 0001834376-26-000022

(In thousands)	Three months ended March 31, 2026 / PACE	Three months ended March 31, 2026 / All other(a)	Three months ended March 31, 2026 / Totals	Three months ended March 31, 2025 / PACE	Three months ended March 31, 2025 / All other(a)	Three months ended March 31, 2025 / Totals
Operating loss			(29,079)			(10,158)
Other expense			(694)			(903)
Loss Before Income Taxes			$(29,773)			$(11,061)
Depreciation and amortization	$4,824	—	$4,824	$5,279	$107	$5,386
The following table summarizes the operating results regularly provided to the CODM by reportable segment for the nine months ended March 31, 2026 and 2025:
	Nine months ended March 31, 2026			Nine months ended March 31, 2025
(In thousands)	PACE	All other(a)	Totals	PACE	All other(a)	Totals
Capitation revenue	$726,873	—	$726,873	$631,293	—	$631,293

Item 1. Financial Statements (Unaudited)

FAQ

What is InnovAge Holdings, Inc.'s PACE — D&A?: InnovAge Holdings, Inc. (INNV) reported PACE — D&A of $4.82M in Q1 2026.
How has InnovAge Holdings, Inc.'s PACE — D&A changed year-over-year?: InnovAge Holdings, Inc.'s PACE — D&A decreased by 8.6% year-over-year, from $5.28M to $4.82M.
What is the long-term trend for InnovAge Holdings, Inc.'s PACE — D&A?: Over 3 years (2022 to 2025), InnovAge Holdings, Inc.'s PACE — D&A has grown at a 12.2% compound annual growth rate (CAGR), from $13.49M to $19.06M.
What does PACE — D&A mean?: The non-cash expense allocated to the segment for the wear and tear of tangible assets and the expiration of intangible assets over time. This metric is critical for understanding the capital intensity of the segment's infrastructure.