InnovAge Reports Strong Fiscal 2026 Performance with Revenue Growth and Improved Profitability
InnovAge Holding Corp. (NASDAQ:INNV) reported strong fiscal year 2026 results, including a revenue increase of 15.9% to $989.7 million and adjusted EBITDA growth of approximately 175% to $94.6 million. The company also saw its participant census grow by 6.3% to around 8,230 as it continues transitioning from a multiyear operational turnaround into scalable expansion under the 'InnovAge 3.0' strategy. Despite significant legal expenses that led to a $700,000 net loss for fiscal 2026 compared with a $35.3 million loss in fiscal 2025, InnovAge returned to profitability in Q4 with a net income of $9.8 million and adjusted EBITDA of $24.3 million. The company is also investing in AI-enabled care tools and data integration while planning for growth through acquisitions and new market expansion. Looking ahead, InnovAge expects fiscal 2027 revenue to range between $1.05 billion and $1.085 billion with adjusted EBITDA of $105 million to $115 million and census growth of roughly 5% to 7.5%. However, uncertainties remain due to potential Medicare and Medicaid rate changes as well as unresolved PACE rates in California and Colorado.
Tickers: $INNV
Topics: census_growth ebitda_increase future_outlook revenue_growth