Recent Updates — INNV

On September 22, 2026, InnovAge Holding Corp. entered into an underwriting agreement for a secondary offering of its common stock by a selling shareholder. The transaction involves the sale of 10,000,000 firm shares at $9.25 per share, with an option to purchase up to 1,500,000 additional shares. Proceeds from this sale will not be received by InnovAge Holding Corp. The offering closed on September 24, 2026. InnovAge Holding Corp. operates in the healthcare industry, providing home-based care management services for seniors.

InnovAge Holding Corp. reported financial results for its fiscal fourth quarter and full year ended June 30, 2026. Full-year total revenues increased approximately 15.9% to $989.7 million from $853.7 million in the prior year. The company posted a net loss attributable to InnovAge of $2.5 million ($0.02 per share), a significant improvement from the $30.3 million loss reported in fiscal 2025. Adjusted EBITDA rose sharply to $94.6 million, up from $34.5 million, driven by a 48.3% increase in Center-level Contribution Margin to $227.8 million. For fiscal year 2027, InnovAge issued guidance projecting total revenues between $1.05 billion and $1.085 billion and Adjusted EBITDA of $105 million to $115 million. The company operates in the healthcare industry, providing comprehensive care programs for frail seniors through the Program of All-inclusive Care for the Elderly (PACE).