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Research & education only — not financial advice.TENK is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities TENK rates — see Disclosures. Do your own research.

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TTENK/calls
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Home›INNV›Financials
Annual statements · SEC XBRL · FY2020 – FY2025

InnovAge Holding Corp. (INNV) financials

Income statement

InnovAge Holding Corp. (INNV) income statement, annual, from SEC filings
Fiscal yearFY2020FY2021FY2022FY2023FY2024FY2025
Revenue$567M$638M$699M$688M$764M$854M
Revenue growth—12.4%9.5%-1.5%11.0%11.8%
Gross profit——$135M$101M$132M$154M
Gross margin——19.4%14.7%17.3%18.0%
Operating income$50.9M-$12.3M-$4.41M-$49.4M-$23.2M-$29.8M
Operating margin9.0%-1.9%-0.6%-7.2%-3.0%-3.5%
Net income$26.3M-$44.0M-$6.52M-$40.7M-$21.3M-$30.3M
Net margin4.6%-6.9%-0.9%-5.9%-2.8%-3.6%
EPS (diluted)$0.19-$0.36-$0.05-$0.30-$0.16-$0.22

Cash flow

InnovAge Holding Corp. (INNV) cash flow, annual, from SEC filings
Fiscal yearFY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow$43.8M-$7.55M$27.3M$20.2M-$36.9M$32.9M
Capital expenditures$11.8M$17.5M$38.2M$23.4M$7.91M$6.26M
Free cash flow$32.0M-$25.1M-$10.9M-$3.12M-$44.8M$26.6M
Share buybacks—$77.6M————
Dividends paid—$9.50M————

Balance sheet

InnovAge Holding Corp. (INNV) balance sheet, annual, from SEC filings
Fiscal yearFY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$113M$201M$184M$127M$56.9M$64.1M
Total assets$410M$532M$556M$567M$548M$527M
Total liabilities$302M$174M$202M$253M$248M$264M
Long-term debt$210M$71.6M$68.2M$64.8M$61.5M$57.5M
Shareholders' equity$101M$335M$332M$296M$269M$235M
Retained earnings$64.7M$10.7M$4.73M-$35.9M-$68.3M-$101M
Shares (wtd avg diluted)135M124M136M136M136M135M

Every figure is extracted from InnovAge Holding Corp.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.

Common questions

What is InnovAge Holding Corp.'s annual revenue?
InnovAge Holding Corp. (INNV) reported $854M of revenue for fiscal year 2025 — up 11.8% from $764M in FY2024, per its annual report filed with the SEC.
Is InnovAge Holding Corp. profitable?
Not in FY2025 — INNV reported a net loss of $30.3M, per SEC filings.
What is InnovAge Holding Corp.'s free cash flow?
$26.6M in FY2025 (operating cash flow $32.9M minus $6.26M of capital expenditures), from the SEC cash-flow statement.
Does INNV pay a dividend?
InnovAge Holding Corp. reported no cash dividends paid in FY2025, per its SEC cash-flow statement.
Full INNV analysis — verdict, score & filings →Is INNV a buy? →

Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.