InnovAge Posts Q4 Beat, Swings to Profit, and Issues FY27 Guidance
INNV has more than doubled off its 52-week low of $3.686.
Summary
InnovAge beat Q4 revenue estimates by 10%, swung to a quarterly profit, and guided fiscal 2027 revenue to $1.05B-$1.085B with Adjusted EBITDA of $105M-$115M.
Key Events · Earnings and Guidance · INNV
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Q4 Revenue Beat by 10%
Fiscal Q4 revenue of $261.95M exceeded the $238.27M consensus, driven by higher participant census of approximately 8,230 versus 7,740 a year ago.
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Swung to Quarterly Profit
Net income of $9.78M in Q4 versus a $5.01M loss a year earlier; Adjusted EBITDA more than doubled to $24.28M from $11.33M.
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FY27 Guidance Issued
Management guided fiscal 2027 revenue to $1,050M-$1,085M and Adjusted EBITDA to $105M-$115M, implying continued double-digit growth.
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Litigation Costs Remain Elevated
Fiscal 2026 litigation costs and settlements totaled $56.97M, including $52.4M of accrued loss for potential resolutions or paid settlements.
Analysis · INNV · Industrial Applications And Services
A strong fiscal Q4 underscores the scalability of the PACE model: revenue of $261.95M beat consensus by 10%, net income swung to $9.78M from a $5.01M loss a year ago, and Adjusted EBITDA more than doubled to $24.28M. Full-year revenue grew 15.9% to $989.7M, and the company nearly broke even with a net loss of just $0.68M versus $35.34M in fiscal 2025. Management issued fiscal 2027 guidance calling for revenue of $1.05B-$1.085B and Adjusted EBITDA of $105M-$115M, implying continued double-digit growth. Litigation costs remain a drag, however—$56.97M for the year, including $52.4M in accrued settlements.
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At the time of this filing, INNV was trading at $11.51 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $1.4B. The 52-week trading range was $3.69 to $12.64. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.