InnovAge Holding Corp. (INNV) Income Statement
INNV FY2026 at a glance
Fiscal year ended June 30, 2026 · U.S. dollarsINNV revenue and net income
Where INNV's revenue goes
FY2026Each bar shows an amount and its share of revenue. INNV kept −0.3% of revenue as net income.
INNV profit margins
INNV growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +15.9% | +12.9% | +9.2% | +105.5% |
| Gross profit | −64.7% | +26.8% | +5.0% | +87.0% |
| Operating income | — | — | −2.4% | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
INNV quarterly EPS vs estimates
InnovAge beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: November 3, 2026 (estimate $0.11).
INNV income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $989.7M | $853.7M | $763.9M | $688.1M | $698.6M | $637.8M | $567.2M | $465.6M | $8.8M | $4.8M |
| Cost of revenue | $783.1M | $268.9M | $631.8M | $586.8M | $563.3M | $476.0M | $425.9M | $355.0M | $1.8M | $1.1M |
| Gross profit | $206.6M | $584.8M | $132.1M | $101.3M | $135.4M | $161.8M | $141.3M | $110.6M | $7.0M | $3.7M |
| Research & development | — | — | — | — | — | — | — | $160,000 | $38,811 | $77,804 |
| Sales, general & admin | $166.5M | $150.3M | $136.3M | $135.3M | $125.9M | $132.3M | $77.5M | $64.7M | $12.0M | $9.5M |
| Total operating expenses | $140.3M | $614.6M | $155.2M | $150.7M | $139.8M | $87.0M | $90.4M | $71.0M | $12.1M | $9.6M |
| Operating income | $66.3M | −$29.8M | −$23.2M | −$49.4M | −$4.4M | $74.8M | $50.9M | $39.7M | −$5.1M | −$5.8M |
| Interest expense | $4.3M | $4.6M | $4.0M | $1.5M | $2.5M | $16.8M | $14.6M | $9.6M | $0 | $0 |
| Income before taxes | $266,000 | −$34.0M | −$21.8M | −$50.8M | −$7.2M | −$35.0M | $35.6M | $25.4M | −$6.5M | −$13.7M |
| Income taxes | $949,000 | $1.3M | $1.4M | −$7.2M | $723,000 | $9.8M | $9.9M | $6.3M | $3,000 | $2,400 |
| Net income | −$2.5M | −$30.3M | −$21.3M | −$40.7M | −$6.5M | −$44.0M | $26.3M | $19.6M | −$6.5M | −$13.7M |
| EBITDA | $87.4M | $3.4M | $1.2M | −$33.9M | $9.2M | −$5.9M | $61.5M | $45.9M | — | — |
| EPS (diluted) | $0.40 | −$0.02 | −$0.12 | −$0.26 | $0.01 | −$0.18 | −$0.83 | −$3.48 | −$3.86 | −$10.17 |
| Gross margin | 20.9% | 68.5% | 17.3% | 14.7% | 19.4% | 25.4% | 24.9% | 23.8% | 79.0% | 77.5% |
| Operating margin | 6.7% | −3.5% | −3.0% | −7.2% | −0.6% | 11.7% | 9.0% | 8.5% | −57.8% | −121.1% |
| Net margin | −0.3% | −3.6% | −2.8% | −5.9% | −0.9% | −6.9% | 4.6% | 4.2% | −73.8% | −284.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $262.0M | $251.9M | $239.7M | $236.1M | $218.1M | $218.1M | $209.0M | $205.1M | $199.4M | $193.1M | $188.9M | $182.5M |
| Cost of revenue | $205.7M | $195.7M | $191.8M | $184.7M | $177.4M | $177.4M | $171.9M | $170.6M | $162.8M | $159.1M | $155.3M | $154.6M |
| Gross profit | $56.2M | $56.2M | $47.9M | $51.4M | $40.7M | $40.7M | $37.1M | $34.5M | $36.6M | $34.0M | $33.6M | $27.9M |
| Sales, general & admin | $33.1M | $76.5M | $26.6M | $37.9M | $45.5M | $45.5M | $35.8M | $34.0M | $36.1M | $34.7M | $31.1M | $34.3M |
| Total operating expenses | $40.2M | $33.4M | $31.8M | $43.1M | $50.9M | $50.9M | $49.6M | $39.4M | $41.5M | $39.8M | $35.4M | $38.6M |
| Operating income | $16.0M | $22.8M | $16.1M | $8.3M | −$10.2M | −$10.2M | −$12.6M | −$4.9M | −$4.9M | −$5.8M | −$1.8M | −$10.7M |
| Interest expense | $864,000 | $988,000 | $1.2M | $1.2M | $1.2M | $1.2M | $760,000 | $1.2M | $1.4M | $1.0M | $935,000 | $661,000 |
| Income before taxes | $9.7M | −$29.8M | $12.5M | $7.9M | −$11.1M | −$11.1M | −$13.5M | −$5.3M | −$946,000 | −$6.4M | −$3.7M | −$10.7M |
| Income taxes | −$116,000 | $167,000 | $651,000 | $247,000 | $72,000 | $72,000 | $34,000 | $404,000 | $1.3M | −$224,000 | $93,000 | $226,000 |
| Net income | $8.3M | −$29.5M | $10.6M | $8.0M | −$11.4M | −$11.4M | −$13.2M | −$4.9M | −$1.7M | −$5.9M | −$3.4M | −$10.3M |
| EBITDA | $22.4M | −$24.0M | $18.6M | $14.3M | −$6.5M | −$4.5M | −$7.4M | $1.3M | $5.8M | −$324,000 | $1.5M | −$5.7M |
| EPS (diluted) | $0.06 | $0.17 | $0.10 | $0.07 | −$0.01 | $0.02 | −$0.01 | −$0.02 | −$0.01 | −$0.04 | $0.01 | −$0.08 |
| Gross margin | 21.5% | 22.3% | 20.0% | 21.8% | 18.7% | 18.7% | 17.7% | 16.8% | 18.3% | 17.6% | 17.8% | 15.3% |
| Operating margin | 6.1% | 9.0% | 6.7% | 3.5% | −4.7% | −4.7% | −6.0% | −2.4% | −2.4% | −3.0% | −0.9% | −5.9% |
| Net margin | 3.2% | −11.7% | 4.4% | 3.4% | −5.2% | −5.2% | −6.3% | −2.4% | −0.9% | −3.0% | −1.8% | −5.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in INNV's financial statements (latest annual report filed September 9, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
INNV financial results
In fiscal year 2026 (ended June 30, 2026), InnovAge reported revenue of $989.7 million, up 15.9% from the year before. It had a net loss of $2.5 million, a net profit margin of −0.3%. Diluted earnings per share came to $0.40. Over five years revenue grew at an average rate of 9.2% a year.
See the INNV stock overview for the latest quote and news, or the INNV chart for price history and technical indicators.
INNV income statement FAQ
What is InnovAge's annual revenue?
InnovAge reported total revenue of $989.7 million for fiscal year 2026, which ended on June 30, 2026. That was up 15.9% from $853.7 million the previous year.
Is InnovAge profitable?
No. InnovAge reported a net loss of $2.5 million in fiscal 2026, a net profit margin of −0.3%; its operating margin was 6.7%.
What is InnovAge's gross margin?
InnovAge's gross margin was 20.9% in fiscal 2026: for every $100 of revenue, InnovAge kept $21 after the direct cost of its products and services.
How fast is InnovAge growing?
Revenue grew 9.2% a year on average over the last five fiscal years, from $637.8 million to $989.7 million.
What are InnovAge's earnings per share?
InnovAge earned $0.40 per diluted share in fiscal 2026, compared with $-0.02 a year earlier.
When will InnovAge report its next earnings?
InnovAge is expected to report results for the quarter ending September 30, 2026 on November 3, 2026 after the market closes.
When does InnovAge's fiscal year end?
InnovAge's fiscal year ends in June. The latest annual report covers the year ended June 30, 2026 and was filed on September 9, 2026.