---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-22-016862"
form_type: "8-K"
ticker: "INNV"
cik: "0001834376"
company_name: "InnovAge Holding Corp."
filed_at: "2022-11-08T23:59:59+00:00"
generated_at: "2026-06-22T04:30:29.418163+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# InnovAge Q1 FY23 net loss of $13.7M vs prior-year profit; revenue down 1.1%

## Summary
- Total revenue $171.2M (-1.1% YoY); net loss $13.7M vs net income $7.6M in prior year.
- GAAP diluted EPS -$0.10 vs +$0.06; adjusted EBITDA -$3.8M vs +$18.2M.
- Center-level Contribution Margin $21.4M (12.5% of revenue) vs $42.3M (24.5%) a year ago.
- Participant census 6,540, down 6.4% from 6,990 in Q1 FY22.
- Cash and equivalents $188.2M; debt $84.8M.

## SEC filing metadata
- accession: 0001558370-22-016862
- form_type: 8-K
- ticker: INNV
- cik: 0001834376
- company_name: InnovAge Holding Corp.
- filed_at: 2022-11-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1834376/000155837022016862/0001558370-22-016862-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1834376/000155837022016862/tmb-20221108x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-22-016862
- JSON: https://secwatch.observer/filing/0001558370-22-016862.json
- Plain text: https://secwatch.observer/filing/0001558370-22-016862.txt

## Key facts
- Earnings Releases
  InnovAge Holding Corp. reported the fiscal quarter ended September 30, 2022 results: revenue $171,218 thousand, net income $ (13,699) thousand, EPS $ (0.10) per share - basic and diluted.
  - Period: the fiscal quarter ended September 30, 2022
  - Revenue: $171,218 thousand
  - Net income: $ (13,699) thousand
  - EPS: $ (0.10) per share - basic and diluted
  - Result: reported results
  source text: ​ ​ ​ ​ ​ ​ ​ ​ Adjusted EBITDA (1) $ (3,815) ​ ​ $ 18,212 ​ Adjusted EBITDA margin (1) ​ (2.2) % ​ ​ 10.5 % ​ Fiscal First Quarter 2023 Financial Performance ● Total revenue of $171.2 million, decreased approximately 1.1% compared to $173.1 million in the first quarter of fiscal 2022 ● Center-level Contribution Margin (1) of $21.4 million, decreased 49.4% compared to
  evidence_url: https://www.sec.gov/Archives/edgar/data/1834376/000155837022016862/0001558370-22-016862-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.