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Companies / Health Care / InnovAge Holding Corp.
INNV

InnovAge Holding Corp.

Health CareHealth Services
Ticker INNVDENVER, COFiscal year ends JuneBook value per share $1.86Diluted shares 137.1M

InnovAge Holding Corp. (Nasdaq: INNV) provides all-inclusive, capitated healthcare through the Program of All-Inclusive Care for the Elderly (PACE), serving frail seniors who qualify for both Medicare and Medicaid and meet nursing-home eligibility criteria. It directly contracts with government payors and coordinates… From the company’s description.

Over the twelve months to Sep 30, 2026, InnovAge Holding Corp. reported revenue of $1.02B, up 15.1% from a year earlier, and net income of $12.53M. Its operating margin was 1.4%, and operations generated $89.53M in cash. In fiscal 2026, it reported revenue of $989.71M, up 15.9% from fiscal 2025, and a net loss of $0.68M.

Fiscal year 2026 · ends 06-30Changes are against fiscal 2025The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$989.71MFY2026
+15.9% year over year
Last 12 mo $1.02B
0.26%FY2026
+3.8 percentage points
Last 12 mo 1.42%
$-0.68MFY2026
+98.1% year over year
Last 12 mo $12.53M
-1.08%FY2026
+5.8 percentage points
Last 12 mo 3.52%
Cash & financing
$64.71MFY2026
+96.9% year over year
Last 12 mo $89.53M
$50.41MFY2026
+89.5% year over year
Last 12 mo $76.31M
0.27FY2026
Was 0.31× a year earlier
Last 12 mo 0.24
135.7MFY2026
+0.2% year over year
Last 12 mo 137.1M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What InnovAge Holding Corp. does

In the company’s own words

InnovAge Holding Corp. (Nasdaq: INNV) provides all-inclusive, capitated healthcare through the Program of All-Inclusive Care for the Elderly (PACE), serving frail seniors who qualify for both Medicare and Medicaid and meet nursing-home eligibility criteria. It directly contracts with government payors and coordinates participants’ medical and ancillary care, including primary and specialist care, prescription drugs, in-home support, meals, transportation, therapy and social services, with the aim of helping participants remain in their homes and communities. InnovAge operates as one reportable segment, PACE, and receives per-participant capitation payments while assuming responsibility for healthcare costs. As of June 30, 2026, it served approximately 8,230 participants through 20 centers in California, Colorado, Florida, New Mexico, Pennsylvania and Virginia. Its current operations include centers developed organically, acquired PACE programs and joint ventures with healthcare systems. InnovAge was formed in 2016 to acquire Total Community Options, which began in 2007, and adopted its current name in connection with its 2021 IPO. Its website is www.innovage.com.

Company details
Sector
Health Care
Industry (SIC)
Health Services
Headquarters
DENVER, CO
Fiscal year end
June
CIK
1834376
SIC
8000

Financial performance, year by year

Fiscal 2021–2026 · USD
$-151.05M$167.88M$486.81M$805.74M$1.12B202120222023202420252026Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns InnovAge Holding Corp. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

122
funds hold it
0 of 35
superinvestors hold it
$90.82M
held by funds, at market
6.0%
of shares held by funds

Largest fund holders · InnovAge Holding Corp.’s weight in each

T. Rowe Price Small-Cap Value Fund, Inc.
PRSVX · T. ROWE PRICE SMALL-CAP VALUE FUND, INC.
0.38%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.01%of fund net assets
Bridge Builder Small/Mid Cap Growth Fund
BBGSX · Bridge Builder Trust
0.04%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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