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InnovAge Holdings, Inc. INNV PACE — Gross Profit

Other segment segments

All other
$0-100%

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Other financials

Income statement

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Revenue$251.9M+15.5%
Operating income-$29.1M-186%
Net income-$29.5M-159%
EPS (diluted)-$0.22-175%

Balance sheet

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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

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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$1.52B+248%
Enterprise value$1.52B+220%
P/S1.6×+1.1×

Profitability

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Operating margin-1%-0.4pp
Net margin-1.2%-0.5pp
FCF margin4.5%+2.6pp

Returns & leverage

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Return on equity-5%-1.8pp
Debt / equity0.4×0.0×
Current ratio+0.3×

Where this comes from

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

Tagged under the XBRL concept us-gaap:GrossProfit.

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 / PACEThree months ended March 31, 2026 / All other(a)Three months ended March 31, 2026 / TotalsThree months ended March 31, 2025 / PACEThree months ended March 31, 2025 / All other(a)Three months ended March 31, 2025 / Totals
Total revenues251,943251,943217,898244218,142
External provider costs113,247113,247107,896107,896
Cost of care, excluding depreciation and amortization77,67677,67669,37212769,499
Center-Level Contribution Margin61,02061,02040,63011740,747
Sales and marketing8,7446,922
Corporate, general and administrative76,53138,597
Depreciation and amortization4,8245,386
Operating loss(29,079)(10,158)

Item 1. Financial Statements (Unaudited)

FAQ

What is InnovAge Holdings, Inc.'s PACE — gross profit?
InnovAge Holdings, Inc. (INNV) reported PACE — gross profit of $61.02M in Q1 2026.
How has InnovAge Holdings, Inc.'s PACE — gross profit changed year-over-year?
InnovAge Holdings, Inc.'s PACE — gross profit increased by 50.2% year-over-year, from $40.63M to $61.02M.
What is the long-term trend for InnovAge Holdings, Inc.'s PACE — gross profit?
Over 3 years (2022 to 2025), InnovAge Holdings, Inc.'s PACE — gross profit has grown at a 4.2% compound annual growth rate (CAGR), from $135.45M to $153.22M.
What does PACE — gross profit mean?
The residual profit remaining after deducting the direct costs of care and external provider expenses from the segment's total revenue. It reflects the core profitability and pricing power of the segment's service model.

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