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InnovAge Holding Corp.

INNVHealthcareNASDAQ

Medical Care Facilities

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Financials · Annual
Revenue
$853.7M
+11.8% YoY
Net Income
-$30.3M
-42.1% YoY
EBITDA
-$9.9M
-958.3% YoY
Free Cash Flow
$55.5M

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About InnovAge Holding Corp.

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. The company carries a $980.0M market cap, placing it firmly in the small-cap category. It manages its business through Program of All-Inclusive Care for the Elderly (PACE) approach.

Key stats
Market Cap$980.0M
Fwd P/E19.00
EPS$-0.08
Beta0.49
52W Change+82.3%
ROE-5.9%
Analysis

InnovAge Holding Corp. holds $138.6M in cash against $93.8M in total debt, giving it a net cash position. This means the company could theoretically pay off all its debt and still have cash remaining. Free cash flow comes in at $55.5M, providing flexibility for reinvestment, buybacks, or dividends. Consistent free cash flow generation is often considered a sign of operational health. Return on equity stands at -5.9%, which is negative for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. ROA of 0.7% is on the lower side, which is common in asset-heavy industries. Revenue has grown from $698.6M (2022) to $853.7M (2025), reflecting a 22% increase over the period.

With a beta below 0.7, InnovAge Holding Corp. typically sees smaller price swings than the overall market, offering a degree of stability during turbulent periods. Understanding these risk dimensions helps frame what to watch going forward as conditions evolve for InnovAge Holding Corp. and its sector.

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