InnovAge Holding Corp

InnovAge Holding Corp

INNV · NASDAQ · Healthcare / Medical Care Facilities

9.47USD+0.07 (+0.74%)

Price History

Full chart

Market Stats

Previous Close9.40
Open9.42
Day Range9.20 – 9.54
52-Week Range3.94 – 12.64
Volume334.45K
Market Cap1.21B
P/E (TTM)0.00
Forward P/E13.66
EPS-0.02
Dividend Yield0.00%
Beta0.39
50-Day Avg10.86
200-Day Avg8.62

About

InnovAge Holding Corp. manages and provides a range of medical and ancillary services for seniors in need of care and support to live independently in its homes and communities. It manages its business through Program of All-Inclusive Care for the Elderly (PACE) approach. The company also offers in-home care services consisting of skilled, unskilled, and personal care; in-center services, such as primary care, physical therapy, occupational therapy, speech therapy, dental services, mental health and psychiatric services, meals, and activities; transportation to and from the PACE center and third-party medical appointments; and care management. It serves participants in the United States; and operates PACE centers in Colorado, California, New Mexico, Pennsylvania, Florida, and Virginia. The company was formerly known as TCO Group Holdings, Inc. and changed its name to InnovAge Holding Corp. in January 2021. InnovAge Holding Corp. was founded in 1989 and is headquartered in Denver, Colorado.

Company Details

  • SectorHealthcare
  • IndustryMedical Care Facilities
  • CEOMr. Patrick Blair
  • Employees2.50K
  • Headquarters8950 E. Lowry Boulevard, Denver, CO, United States, 80230, USA
  • Websitehttps://www.innovage.com

Leadership

  • Mr. Patrick BlairChief Executive Officer · b. 1971
  • Ms. Nicole D'AmatoChief Legal Officer & Corporate Secretary · b. 1979
  • Mr. Edward Moore Kennedy Jr., J.D.Independent Director · b. 1961
  • Hon. Marilyn Barbour Tavenner M.H.A., R.N.Independent Director · b. 1952
  • Ms. Jennifer BrownePresident & COO
  • Mr. Benjamin Crowninshield AdamsChief Financial Officer · b. 1964
  • Ms. Cara BabachicosChief Information Officer
  • Ms. Meredith Delk M.S.W., Ph.D.Executive VP & Chief Administrative Officer · b. 1973
  • Mr. Ryan KubotaDirector of Investor Relations
  • Ms. Olivia PattonChief Compliance Officer

Financials

Income Statement

Currency: USD2015-06-302016-06-302017-06-302018-06-302019-06-302020-06-302021-06-302022-06-302023-06-302024-06-302025-06-302026-06-30
Total Revenue1.03M735.72K4.82M8.82M465.63M567.19M637.80M698.64M688.09M763.86M853.70M989.71M
Growth (%)--28.58%+554.95%+82.96%+5181.47%+21.81%+12.45%+9.54%-1.51%+11.01%+11.76%+15.93%
Cost of Revenue292.08K340.71K1.08M1.85M355.00M425.89M476.01M563.27M586.80M631.79M268.91M783.09M
Gross Profit738.03K395.00K3.74M6.97M110.63M141.30M161.79M135.37M101.29M132.06M584.79M206.62M
Gross Margin71.65%53.69%77.52%79.04%23.76%24.91%25.37%19.38%14.72%17.29%68.50%20.88%
Operating Expense4.52M3.91M9.57M12.07M70.95M90.37M86.96M139.78M150.68M155.24M614.55M140.34M
Operating Income-3.78M-3.52M-5.83M-5.10M39.67M50.93M74.82M-4.41M-49.40M-23.18M-29.76M66.28M
Operating Margin-367.40%-477.79%-121.07%-57.84%8.52%8.98%11.73%-0.63%-7.18%-3.03%-3.49%6.70%
EBITDA----45.92M61.54M-5.89M9.21M-33.85M1.15M3.36M87.42M
EBITDA Margin----9.86%10.85%-0.92%1.32%-4.92%0.15%0.39%8.83%
Net Income-4.83M-4.20M-13.70M-6.50M19.58M26.28M-43.99M-6.52M-40.67M-21.34M-30.31M-2.54M
Net Income Margin-468.59%-571.23%-284.34%-73.77%4.20%4.63%-6.90%-0.93%-5.91%-2.79%-3.55%-0.26%
R&D143.91K77.80K77.80K38.81K160.00K-------
R&D as % of Total Revenue13.97%10.58%1.61%0.44%0.03%-------
Interest Expense00009.59M14.62M16.79M2.53M1.52M4.02M4.61M4.26M
Interest Expense % of Total Revenue0.00%0.00%0.00%0.00%2.06%2.58%2.63%0.36%0.22%0.53%0.54%0.43%

Balance Sheet

Currency: USD2015-06-302016-06-302017-06-302018-06-302019-06-302020-06-302021-06-302022-06-302023-06-302024-06-302025-06-302026-06-30
Total Assets2.08M6.35M8.23M9.03M363.23M409.63M538.61M562.87M547.66M579.84M557.23M557.39M
Total Liabilities2.51M6.79M7.13M8.13M281.79M301.88M180.65M209.13M247.85M280.03M294.32M288.62M
Total Equity-426.05K-446.34K1.09M902.94K74.19M101.02M334.56M332.36M269.26M269.26M234.97M235.60M
Cash7.48K55.90K829.93K1.56M61.20M114.56M203.70M184.45M56.95M56.96M64.14M97.89M
Total Debt----194.78M217.96M82.63M84.81M113.03M113.03M101.08M86.95M
Net Debt----133.58M103.39M-121.07M-99.64M56.09M56.08M36.94M-10.94M

Cash Flow

Currency: USD2015-06-302016-06-302017-06-302018-06-302019-06-302020-06-302021-06-302022-06-302023-06-302024-06-302025-06-302026-06-30
Operating Cash Flow-841.27K-1.03M-1.78M-2.36M25.91M43.83M-7.55M27.30M-36.90M-36.90M32.87M64.71M
Investing Cash Flow-61.53K-12.82K-172.10K-58.00K-52.48M-11.69M-40.24M-40.24M-26.37M-26.37M-5.55M-12.34M
Financing Cash Flow876.91K1.09M2.73M-3.15M37.35M21.23M116.22M-6.32M-7.03M-7.03M-19.08M-18.53M
Capital Expenditure38.99K9.54K45.00K44.64K14.49M11.84M19.54M38.24M7.91M7.91M6.26M14.31M
Free Cash Flow----11.42M31.98M-27.09M-10.94M-44.81M-44.81M26.60M50.41M
Dividends Paid----66.51M9.50M9.50M0----
FCF to OCF----44.08%72.98%358.89%-40.06%121.45%121.45%80.94%77.89%
Dividend Paid to FCF----582.36%29.70%-35.07%0.00%----

Earnings

Report DateMar 31, 2009Jun 30, 2009Sep 30, 2009Dec 31, 2009Mar 31, 2010Jun 30, 2010Sep 30, 2010Dec 31, 2010Mar 31, 2011Jun 30, 2011Sep 30, 2011Dec 31, 2011Mar 31, 2012Jun 30, 2012Sep 30, 2012Dec 31, 2012Mar 31, 2013Jun 30, 2013Sep 30, 2013Dec 31, 2013Mar 31, 2014Jun 30, 2014Sep 30, 2014Mar 31, 2015Jun 30, 2015Sep 30, 2015Dec 31, 2015May 16, 2016Aug 9, 2016Nov 10, 2016Mar 6, 2017May 12, 2017Aug 14, 2017Nov 14, 2017Mar 8, 2018Apr 2, 2018Aug 14, 2018Nov 14, 2018Mar 22, 2019May 15, 2019Aug 13, 2019Nov 14, 2019Mar 31, 2020Jun 30, 2020Sep 30, 2020Dec 31, 2020Mar 5, 2021May 10, 2021Sep 21, 2021Nov 9, 2021Feb 9, 2022May 10, 2022Sep 13, 2022Nov 8, 2022Feb 7, 2023May 9, 2023Sep 12, 2023Nov 7, 2023Feb 6, 2024May 7, 2024Sep 10, 2024Nov 5, 2024Feb 4, 2025May 6, 2025Sep 9, 2025Nov 4, 2025Feb 3, 2026May 5, 2026Sep 8, 2026Nov 3, 2026
EPS Estimate------------------------4.20---------------0.54-0.54-0.30-0.400.000.000.000.00--0.070.060.050.070.06-0.03-0.04-0.09-0.05-0.04-0.04-0.02-0.03-0.03-0.01-0.01-0.01-0.010.040.040.050.090.11
EPS Actual-0.36-0.14-0.11-0.10-0.11-0.96-0.23-0.18-0.43-0.34-0.57-17.06-4.68-0.41-0.50-0.39-2.16-13.10-4.32-4.20-6.71-4.79-4.85-5.25-2.22-1.64-2.18-2.39-5.36-4.43-3.02-1.98-0.74-0.86-1.03-1.03-0.94-1.20-0.81-0.81-0.66-0.810.070.07-0.150.07-0.370.070.050.070.04-0.01-0.09-0.05-0.07-0.05-0.09-0.080.01-0.04-0.01-0.02-0.010.02-0.010.070.100.170.06-
Surprise------------------------25.00%---------------50.00%-50.00%-120.00%-102.50%-----200.00%-16.67%40.00%-42.86%-116.67%-200.00%-25.00%22.22%0.00%-125.00%-100.00%150.00%-33.33%66.67%-100.00%13.04%300.00%24.81%75.00%150.00%240.00%-33.33%-
Timing---------------------------After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursPre-market----After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap1.21B
Enterprise Value1.17B
Trailing P/E0.00
Forward P/E13.66
PEG Ratio0.00
Price / Sales1.23
Price / Book5.21
EPS-0.02
Book Value1.73
Revenue (TTM)989.71M
Gross Profit (TTM)677.61M
EBITDA26.91M
Profit Margin-0.26%
Operating Margin5.04%
Return on Equity-0.26%
Return on Assets0.67%
Shares Outstanding136.45M
Shares Float22.40M
Beta0.39
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Analyst Ratings

Hold
Based on 4 analystsTarget 12.00
  • Hold
    3
  • Sell
    1

Ownership Breakdown

Institutions
14.88%
Insiders
83.28%
Retail / Other
1.84%

Top Institutional Holders

  • T. Rowe Price Investment Management,Inc.
    6.13M4.51%
  • Federated Hermes Inc
    1.90M1.40%
  • BlackRock Inc
    1.25M0.92%
  • Coliseum Capital Management LLC
    1.11M0.82%
  • Vanguard Capital Management, LLC
    877.14K0.64%
  • Algert Global LLC
    630.52K0.46%
  • Geode Capital Management, LLC
    573.42K0.42%
  • Dimensional Fund Advisors, Inc.
    439.96K0.32%
  • State Street Corp
    431.43K0.32%
  • Arrowstreet Capital Limited Partnership
    417.54K0.31%
  • Renaissance Technologies Corp
    370.82K0.27%
  • O'Shaughnessy Asset Management LLC
    272.54K0.20%
  • Northern Trust Corp
    267.14K0.20%
  • Comprehensive Portfolio Management, LLC
    243.63K0.18%

Top Fund Holders

  • T. Rowe Price Small-Cap Value
    3.08M2.27%
  • Federated Hermes MDT Small Cap Core IS
    900.03K0.66%
  • Vanguard MStar Total Stk Mkt Idx Invest
    665.12K0.49%
  • iShares Russell 2000 ETF
    574.08K0.42%
  • Bridge Builder Small/Mid Cap Growth
    383.46K0.28%
  • Federated Hermes MDT Small Cap Growth IS
    342.79K0.25%

Stock Splits

  • Mar 18, 20191:105