InnovAge Announces Financial Results for the Fourth Quarter and Fiscal Year Ended June 30, 2025

Core Insights - InnovAge Holding Corp. reported strong financial performance for fiscal year 2025, with total revenues reaching $853.7 million, an increase of approximately 11.8% compared to $763.9 million in 2024 [5][10] - The company experienced a net loss of $35.3 million for the year, which is a 52% increase from the net loss of $23.2 million in 2024 [5][10] - The CEO expressed confidence in the company's growth momentum, expecting continued progress in fiscal year 2026 [2] Financial Results - Total revenues for the three months ended June 30, 2025, were $221.4 million, compared to $199.4 million for the same period in 2024 [5][21] - The loss before income taxes for the year was $34.0 million, up 56% from $21.8 million in 2024 [5][10] - The net loss margin for the year was 4.1%, an increase of 1.1 percentage points from 3.0% in 2024 [5][10] - Adjusted EBITDA for the year was $34.5 million, an increase of $18.0 million compared to $16.5 million in 2024, with an adjusted EBITDA margin of 4.0% [5][10] Operational Metrics - The company served approximately 7,740 participants as of June 30, 2025, compared to 7,020 participants in 2024 [5][10] - The Center-level Contribution Margin for the year was $153.6 million, a 16.3% increase from $132.1 million in 2024 [5][10] - The Center-level Contribution Margin as a percentage of revenue was 18.0%, up 0.7 percentage points from 17.3% in 2024 [5][10] Fiscal Year 2026 Guidance - InnovAge expects total revenue for fiscal year 2026 to be between $900 million and $950 million [6] - The company anticipates an adjusted EBITDA in the range of $56 million to $65 million for the upcoming fiscal year [6]