Symbols / INNV Stock $7.39 -2.12% InnovAge Holding Corp.

Healthcare • Medical Care Facilities • United States • NMS
INNV (Stock) Chart
O: — H: — L: — C: — V: —
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Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Healthcare
Industry Medical Care Facilities
CEO Mr. Patrick Blair
Exch · Country NMS · United States
Market Cap 1.00B
Enterprise Value 988.21M
Income -11.61M
Sales 949.17M
FCF (ttm) 55.53M
Book/sh 1.69
Cash/sh 1.02
Employees 2,440
Insider 10d —
IPO Mar 04, 2021
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E 159.40
Forward P/E 19.45
PEG —
P/S 1.06
P/B 4.38
P/C —
EV/EBITDA 41.48
EV/Sales 1.04
Quick Ratio 0.87
Current Ratio 1.03
Debt/Eq 36.25
LT Debt/Eq —
EPS (ttm) -0.08
EPS next Y 0.38
EPS Growth —
Revenue Growth 15.50%
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2026-05-05
Earnings (prior) 2026-05-05
ROA 0.65%
ROE -5.88%
ROIC —
Gross Margin 68.35%
Oper. Margin -11.54%
Profit Margin -1.22%
Shs Outstand 135.74M
Shs Float 21.50M
Insider Own 84.24%
Instit Own 13.49%
Short Float 3.93%
Short Ratio 3.55
Short Interest 845.32K
52W High 10.69
vs 52W High -30.87%
52W Low 3.13
vs 52W Low 136.10%
Beta 0.49
Impl. Vol. 58.98%
Rel Volume 1.05
Avg Volume 307.71K
Volume 321.84K
Target (mean) $7.00
Tgt Median $7.00
Tgt Low $7.00
Tgt High $7.00
# Analysts 1
Recom Hold
Prev Close $7.55
Price $7.39
Change -2.12%
About

InnovAge Holding Corp. manages and provides a range of medical and ancillary services for seniors in need of care and support to live independently in its homes and communities. It manages its business through Program of All-Inclusive Care for the Elderly (PACE) approach. The company also offers in-home care services consisting of skilled, unskilled, and personal care; in-center services, such as primary care, physical therapy, occupational therapy, speech therapy, dental services, mental health and psychiatric services, meals, and activities; transportation to and from the PACE center and third-party medical appointments; and care management. It serves participants in the United States; and operates PACE centers in Colorado, California, New Mexico, Pennsylvania, Florida, and Virginia. The company was formerly known as TCO Group Holdings, Inc. and changed its name to InnovAge Holding Corp. in January 2021. InnovAge Holding Corp. was founded in 1989 and is headquartered in Denver, Colorado.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$7.00
Mean price target
2. Current target
$7.39
Latest analyst target
3. DCF / Fair value
$7.36
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$7.39
Low
$7.00
High
$7.00
Mean
$7.00

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-23 main JP Morgan Underweight → Underweight $7
2024-12-17 down JP Morgan Neutral → Underweight $5
2024-03-13 main JP Morgan Neutral → Neutral $6
2024-02-08 main Goldman Sachs Neutral → Neutral $7
2023-02-15 main Goldman Sachs — → Neutral $9
2023-02-08 main JP Morgan — → Neutral $8
2022-11-23 main Goldman Sachs — → Neutral $8
2022-11-16 main Citigroup — → Neutral $8
2022-09-15 main Barclays — → Equal-Weight $5
2022-05-16 down Baird Outperform → Neutral $5
2022-05-11 main Piper Sandler — → Underweight $4
2022-04-20 down Piper Sandler Neutral → Underweight $5
2021-12-28 down Goldman Sachs Buy → Neutral $4
2021-12-27 down Barclays Overweight → Equal-Weight $7
2021-12-17 init JP Morgan — → Neutral $10
2021-09-29 down Citigroup Buy → Neutral —
2021-09-22 down William Blair Outperform → Market Perform —
2021-09-10 init Cowen & Co. — → Market Perform $17
2021-08-12 up Barclays Equal-Weight → Overweight $19
2021-05-28 init Baird — → Outperform $27
News
RSS: Latest INNV news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2025-11-14 SCARBROUGH MICHAEL ANTHONY President — 33,000 $4.90 $161,700
2025-07-16 BLAIR PATRICK T Chief Executive Officer — 137,299 $0.00 $0
2025-07-15 DAMATO NICOLE Officer — 125,598 $0.00 $0
2025-07-15 SCARBROUGH MICHAEL ANTHONY President — 119,617 $0.00 $0
2025-07-01 BUSH JOHN ELLIS Director — 25,316 $0.00 $0
2025-07-01 CARLSON JAMES G Director — 25,316 $0.00 $0
2025-07-01 ZORETIC RICHARD C Director — 25,316 $0.00 $0
2025-07-01 TAVENNER MARILYN B. Director — 25,316 $0.00 $0
2025-07-01 SPARKS TERESA F. Director — 25,316 $0.00 $0
2025-07-01 KENNEDY EDWARD MOORE JR. Director — 25,316 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Total Revenue
853.70
+11.76%
763.86
+11.01%
688.09
-1.51%
698.64
Operating Revenue
852.35
+11.77%
762.57
+11.03%
686.84
-1.46%
697.00
Cost Of Revenue
700.06
+10.81%
631.79
+7.67%
586.80
+4.18%
563.27
Reconciled Cost Of Revenue
700.06
+10.81%
631.79
+7.67%
586.80
+4.18%
563.27
Gross Profit
153.64
+16.34%
132.06
+30.38%
101.29
-25.18%
135.37
Operating Expense
169.78
+9.37%
155.24
+3.03%
150.68
+7.80%
139.78
Selling General And Administration
150.28
+10.26%
136.29
+0.76%
135.26
+7.48%
125.85
Selling And Marketing Expense
28.22
+13.06%
24.96
+27.16%
19.63
-18.90%
24.20
General And Administrative Expense
122.06
+9.63%
111.34
-3.72%
115.64
+13.76%
101.65
Other Gand A
122.06
+9.63%
111.34
-3.72%
115.64
+13.76%
101.65
Other Operating Expenses
—
—
—
—
Total Expenses
869.85
+10.52%
787.03
+6.72%
737.48
+4.90%
703.05
Operating Income
-16.15
+30.35%
-23.18
+53.07%
-49.40
-1021.08%
-4.41
Total Operating Income As Reported
-29.76
-28.39%
-23.18
+53.07%
-49.40
-1021.08%
-4.41
EBITDA
-9.90
-958.32%
1.15
+103.41%
-33.85
-467.44%
9.21
Normalized EBITDA
3.71
+221.49%
1.15
+103.41%
-33.85
-467.44%
9.21
Reconciled Depreciation
19.51
+2.96%
18.95
+22.90%
15.42
+10.74%
13.92
EBIT
-29.41
-65.29%
-17.80
+63.88%
-49.27
-945.87%
-4.71
Total Unusual Items
-13.62
0.00
—
0.00
Total Unusual Items Excluding Goodwill
-13.62
0.00
—
0.00
Special Income Charges
-13.62
0.00
—
0.00
Other Special Charges
—
—
—
—
Impairment Of Capital Assets
13.62
0.00
—
—
Net Income
-30.31
-42.06%
-21.34
+47.54%
-40.67
-523.72%
-6.52
Pretax Income
-34.03
-55.95%
-21.82
+57.04%
-50.79
-601.85%
-7.24
Net Non Operating Interest Income Expense
-4.61
-14.64%
-4.02
-164.32%
-1.52
+39.75%
-2.53
Interest Expense Non Operating
4.61
+14.64%
4.02
+164.32%
1.52
-39.75%
2.53
Net Interest Income
-4.61
-14.64%
-4.02
-164.32%
-1.52
+39.75%
-2.53
Interest Expense
4.61
+14.64%
4.02
+164.32%
1.52
-39.75%
2.53
Other Income Expense
-13.27
-346.45%
5.38
+4241.94%
0.12
+140.66%
-0.30
Other Non Operating Income Expenses
1.74
-31.59%
2.54
+1950.00%
0.12
+140.66%
-0.30
Tax Provision
1.32
-6.13%
1.40
+119.36%
-7.24
-1101.52%
0.72
Tax Rate For Calcs
0.00
+0.00%
0.00
+46.85%
0.00
-31.90%
0.00
Tax Effect Of Unusual Items
-2.86
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
-35.34
-52.20%
-23.22
+46.68%
-43.55
-447.14%
-7.96
Net Income From Continuing Operation Net Minority Interest
-30.31
-42.06%
-21.34
+47.54%
-40.67
-523.72%
-6.52
Net Income From Continuing And Discontinued Operation
-30.31
-42.06%
-21.34
+47.54%
-40.67
-523.72%
-6.52
Net Income Continuous Operations
-35.34
-52.20%
-23.22
+46.68%
-43.55
-447.14%
-7.96
Minority Interests
5.03
+167.13%
1.88
-34.60%
2.88
+100.07%
1.44
Normalized Income
-19.56
+8.35%
-21.34
+47.54%
-40.67
-523.72%
-6.52
Net Income Common Stockholders
-30.31
-42.06%
-21.34
+47.54%
-40.67
-523.72%
-6.52
Diluted EPS
—
-0.16
+46.67%
-0.30
-500.00%
-0.05
Basic EPS
—
-0.16
+46.67%
-0.30
-500.00%
-0.05
Basic Average Shares
—
135.90
+0.23%
135.59
+0.05%
135.52
Diluted Average Shares
—
135.90
+0.23%
135.59
+0.05%
135.52
Diluted NI Availto Com Stockholders
-30.31
-42.06%
-21.34
+47.54%
-40.67
-523.72%
-6.52
Depreciation Amortization Depletion Income Statement
19.51
+2.96%
18.95
+22.90%
15.42
+10.74%
13.92
Depreciation And Amortization In Income Statement
19.51
+2.96%
18.95
+22.90%
15.42
+10.74%
13.92
Earnings From Equity Interest
-1.39
-149.01%
2.84
0.00
0.00
Line Item Trend 2025-06-30 2024-06-30 2021-06-30
Total Assets
526.85
-3.80%
547.66
—
Current Assets
176.11
+1.71%
173.14
—
Cash Cash Equivalents And Short Term Investments
105.90
+3.04%
102.78
—
Cash And Cash Equivalents
64.13
+12.61%
56.95
—
Cash Equivalents
—
31.15
—
Cash Financial
—
25.79
—
Other Short Term Investments
41.77
-8.85%
45.83
—
Receivables
39.68
-22.84%
51.43
—
Accounts Receivable
36.37
-24.39%
48.11
—
Gross Accounts Receivable
36.37
-33.67%
54.84
—
Allowance For Doubtful Accounts Receivable
0.00
+100.00%
-6.73
—
Taxes Receivable
3.31
-0.42%
3.32
—
Prepaid Assets
24.47
+29.35%
18.92
—
Restricted Cash
0.01
-21.43%
0.01
—
Assets Held For Sale Current
6.04
0.00
—
Other Current Assets
—
—
9.25
Total Non Current Assets
350.74
-6.35%
374.52
—
Net PPE
194.94
-11.96%
221.44
—
Gross PPE
293.71
-4.90%
308.86
—
Accumulated Depreciation
-98.76
-12.98%
-87.42
—
Properties
0.00
0.00
—
Land And Improvements
10.74
-10.29%
11.97
—
Buildings And Improvements
143.92
-7.78%
156.06
—
Machinery Furniture Equipment
104.15
+3.97%
100.17
—
Construction In Progress
8.00
-34.61%
12.23
—
Other Properties
26.90
-5.33%
28.42
—
Goodwill And Other Intangible Assets
145.92
+0.99%
144.49
—
Goodwill
142.05
+1.50%
139.95
—
Other Intangible Assets
3.88
-14.57%
4.54
—
Investments And Advances
0.00
-100.00%
2.65
—
Long Term Equity Investment
0.00
-100.00%
2.65
—
Other Investments
—
—
2.65
Non Current Prepaid Assets
—
—
3.88
Other Non Current Assets
9.88
+65.99%
5.95
—
Total Liabilities Net Minority Interest
263.94
+6.49%
247.85
—
Current Liabilities
164.81
+18.91%
138.60
—
Payables And Accrued Expenses
91.13
+28.98%
70.66
—
Payables
91.13
+28.98%
70.66
—
Accounts Payable
76.75
+38.39%
55.46
—
Other Payable
14.38
-5.36%
15.20
—
Total Tax Payable
—
0.00
—
Income Tax Payable
—
0.00
—
Current Debt And Capital Lease Obligation
12.17
-2.97%
12.54
—
Current Debt
2.25
-40.71%
3.79
—
Other Current Borrowings
2.25
-40.71%
3.79
—
Current Capital Lease Obligation
9.92
+13.40%
8.74
—
Current Deferred Liabilities
—
0.00
—
Current Deferred Revenue
—
0.00
—
Other Current Liabilities
61.51
+11.02%
55.40
—
Total Non Current Liabilities Net Minority Interest
99.14
-9.26%
109.25
—
Long Term Debt And Capital Lease Obligation
88.92
-11.52%
100.50
—
Long Term Debt
57.46
-6.53%
61.48
—
Long Term Capital Lease Obligation
31.45
-19.39%
39.02
—
Non Current Deferred Liabilities
8.76
+17.44%
7.46
—
Non Current Deferred Taxes Liabilities
8.76
+17.44%
7.46
—
Other Non Current Liabilities
1.46
+12.33%
1.30
—
Stockholders Equity
234.97
-12.74%
269.26
—
Common Stock Equity
234.97
-12.74%
269.26
—
Capital Stock
0.14
+0.74%
0.14
—
Common Stock
0.14
+0.74%
0.14
—
Share Issued
136.90
+0.55%
136.15
—
Ordinary Shares Number
135.44
-0.50%
136.12
—
Treasury Shares Number
1.46
+3901.69%
0.04
0.00
Additional Paid In Capital
343.38
+1.71%
337.62
—
Retained Earnings
-101.05
-47.92%
-68.31
—
Treasury Stock
7.50
+4089.94%
0.18
—
Minority Interest
27.94
-8.53%
30.55
—
Total Equity Gross Minority Interest
262.91
-12.31%
299.81
—
Total Capitalization
292.43
-11.58%
330.74
—
Working Capital
11.30
-67.28%
34.54
—
Invested Capital
294.68
-11.91%
334.53
—
Total Debt
101.08
-10.57%
113.03
—
Net Debt
—
8.33
—
Capital Lease Obligations
41.37
-13.39%
47.76
—
Net Tangible Assets
89.05
-28.63%
124.77
—
Tangible Book Value
89.05
-28.63%
124.77
—
Line Item Trend 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Operating Cash Flow
32.87
+189.07%
-36.90
-282.34%
20.24
-25.88%
27.30
Cash Flow From Continuing Operating Activities
32.87
+189.07%
-36.90
-282.34%
20.24
-25.88%
27.30
Net Income From Continuing Operations
-35.34
-52.20%
-23.22
+46.68%
-43.55
-447.14%
-7.96
Depreciation Amortization Depletion
19.51
+2.96%
18.95
+22.90%
15.42
+10.74%
13.92
Depreciation
18.80
—
—
—
Amortization Cash Flow
0.70
—
—
—
Depreciation And Amortization
19.51
+2.96%
18.95
+22.90%
15.42
+10.74%
13.92
Amortization Of Intangibles
0.70
—
—
—
Other Non Cash Items
8.50
+17.83%
7.22
+38.79%
5.20
+1112.12%
0.43
Stock Based Compensation
7.62
+11.52%
6.83
+48.26%
4.61
+23.24%
3.74
Provisionand Write Offof Assets
0.52
-92.52%
7.01
+109.88%
3.34
-45.96%
6.18
Asset Impairment Charge
13.62
0.00
—
—
Deferred Tax
1.30
+6.29%
1.22
+110.62%
-11.53
-659.19%
2.06
Deferred Income Tax
1.30
+6.29%
1.22
+110.62%
-11.53
-659.19%
2.06
Operating Gains Losses
1.90
+168.78%
-2.76
-349.68%
1.11
+262.95%
0.30
Gain Loss On Investment Securities
—
—
—
—
Change In Working Capital
15.23
+129.22%
-52.15
-214.26%
45.64
+429.27%
8.62
Change In Receivables
11.22
+133.61%
-33.40
-326.84%
14.72
+235.49%
-10.87
Changes In Account Receivables
11.21
+136.96%
-30.33
-468.88%
8.22
+186.50%
-9.51
Change In Prepaid Assets
-10.46
-196.15%
-3.53
+22.65%
-4.57
+11.20%
-5.14
Change In Payables And Accrued Expense
19.62
+215.79%
6.21
-22.45%
8.01
-58.73%
19.41
Change In Payable
19.62
+215.79%
6.21
-22.45%
8.01
-58.73%
19.41
Change In Account Payable
20.43
+1391.31%
1.37
-79.81%
6.79
-60.96%
17.38
Change In Other Working Capital
—
-28.11
-200.00%
28.11
—
Change In Other Current Liabilities
-5.15
-176.99%
6.68
+1141.12%
-0.64
-112.30%
5.22
Investing Cash Flow
-5.55
+78.96%
-26.37
+62.06%
-69.52
-72.77%
-40.24
Cash Flow From Continuing Investing Activities
-5.55
+78.96%
-26.37
+62.06%
-69.52
-72.77%
-40.24
Net PPE Purchase And Sale
-6.26
+20.86%
-7.91
+66.11%
-23.35
+38.92%
-38.24
Purchase Of PPE
-6.26
+20.86%
-7.91
+66.11%
-23.35
+38.92%
-38.24
Sale Of PPE
—
—
—
—
Capital Expenditure
-6.26
+20.86%
-7.91
+66.11%
-23.35
+38.92%
-38.24
Net Investment Purchase And Sale
4.24
+588.62%
0.61
+101.33%
-46.17
-2208.35%
-2.00
Purchase Of Investment
-2.06
+13.42%
-2.38
+94.83%
-46.17
-2208.35%
-2.00
Sale Of Investment
6.30
+110.00%
3.00
0.00
—
Net Business Purchase And Sale
-3.52
+81.54%
-19.07
0.00
—
Purchase Of Business
-4.77
+80.04%
-23.92
0.00
—
Net Intangibles Purchase And Sale
—
—
—
0.00
Purchase Of Intangibles
—
—
—
0.00
Financing Cash Flow
-19.08
-171.28%
-7.03
+10.92%
-7.90
-24.98%
-6.32
Cash Flow From Continuing Financing Activities
-19.08
-171.28%
-7.03
+10.92%
-7.90
-24.98%
-6.32
Net Issuance Payments Of Debt
-9.91
-17.48%
-8.43
-6.79%
-7.90
-24.98%
-6.32
Issuance Of Debt
—
—
—
0.00
Repayment Of Debt
-9.91
-17.48%
-8.43
-6.79%
-7.90
-24.98%
-6.32
Long Term Debt Issuance
—
—
—
0.00
Long Term Debt Payments
-9.91
-17.48%
-8.43
-6.79%
-7.90
-24.98%
-6.32
Net Long Term Debt Issuance
-9.91
-17.48%
-8.43
-6.79%
-7.90
-24.98%
-6.32
Net Common Stock Issuance
-7.32
-3989.94%
-0.18
0.00
0.00
Common Stock Payments
-7.32
-3989.94%
-0.18
0.00
0.00
Cash Dividends Paid
—
—
—
0.00
Repurchase Of Capital Stock
-7.32
-3989.94%
-0.18
0.00
0.00
Net Other Financing Charges
-1.85
-217.63%
1.58
—
—
Changes In Cash
7.18
+110.21%
-70.31
-22.95%
-57.18
-196.98%
-19.25
Beginning Cash Position
56.96
-55.24%
127.27
-31.00%
184.45
-9.45%
203.70
End Cash Position
64.14
+12.61%
56.96
-55.24%
127.27
-31.00%
184.45
Free Cash Flow
26.60
+159.37%
-44.81
-1337.20%
-3.12
+71.49%
-10.94
Interest Paid Supplemental Data
4.35
+7.01%
4.06
+1.65%
4.00
+171.17%
1.47
Income Tax Paid Supplemental Data
0.00
-99.98%
4.45
+34146.15%
0.01
-84.52%
0.08
Change In Income Tax Payable
0.00
+100.00%
-1.21
-200.00%
1.21
0.00
Change In Tax Payable
0.00
+100.00%
-1.21
-200.00%
1.21
0.00
Common Stock Issuance
—
—
—
0.00
Earnings Losses From Equity Investments
1.39
+149.01%
-2.84
—
0.00
Issuance Of Capital Stock
—
—
—
0.00
Other Cash Adjustment Inside Changein Cash
-1.05
0.00
—
—
Sale Of Business
1.25
-74.14%
4.84
0.00
—
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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