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Who We Are InnovAge is the leading healthcare delivery platform by number of participants focused on providing all-inclusive, capitated care to high-cost, seniors, many of whom are dual-eligible. Our programs are designed to address two of the most pressing challenges facing the U.S. healthcare industry: rising costs and poor outcomes.
The business is unprofitable at the operating level (-3.49% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue grew 11.8%, still solid.
Insufficient data to identify specific risks. Treat any missing metrics as a data gap, not a clean bill of health.
Profitability & Returns
Revenue (TTM)
$949M
▲ +11.8% YoY
Net Income (TTM)
-$12M
▼ -42.1% YoY
Op. Margin
-1.02%
▼ -0.5pp YoY
ROIC
-2.26%
▼ -1.9pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$43M
▲ +159.4% YoY
Op. Cash Flow (TTM)
$52M
▲ +189.1% YoY
Net Debt
-$45M
Net Cash Position
Cash & Equiv.
$139M
5Y CAGR: +8.5%
5Y CAGR: -3.6%
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