---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-000971"
form_type: "8-K"
ticker: "INNV"
cik: "0001834376"
company_name: "InnovAge Holding Corp."
filed_at: "2023-02-07T23:59:59+00:00"
generated_at: "2026-06-19T23:06:30.960142+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# InnovAge Q2 FY2023 net loss $10.5M; revenue down 4.5%, Adjusted EBITDA negative $2.0M

## Summary
- Net loss of $10.5M ($0.07 loss per share) vs net income of $1.1M in Q2 FY2022.
- Revenue $167.5M, down 4.5% YoY; participant census fell to ~6,460 from 7,050.
- Adjusted EBITDA negative $2.0M, down from $14.8M; margin negative 1.2%.
- Center-level Contribution Margin $22.6M, down 45.4% YoY; margin 13.5% vs 23.6%.
- Ended quarter with $99.5M cash and $84.6M in debt.

## SEC filing metadata
- accession: 0001558370-23-000971
- form_type: 8-K
- ticker: INNV
- cik: 0001834376
- company_name: InnovAge Holding Corp.
- filed_at: 2023-02-07T23:59:59+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/1834376/000155837023000971/0001558370-23-000971-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1834376/000155837023000971/tmb-20230207x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-000971
- JSON: https://secwatch.observer/filing/0001558370-23-000971.json
- Plain text: https://secwatch.observer/filing/0001558370-23-000971.txt

## Key facts
- Earnings Releases
  InnovAge Holding Corp. reported the fiscal second quarter ended December 31, 2022 results: revenue $167,456, net income $(10,547), EPS $(0.07).
  - Period: the fiscal second quarter ended December 31, 2022
  - Revenue: $167,456
  - Net income: $(10,547)
  - EPS: $(0.07)
  - Result: reported results
  source text: Ended ​ Six Months Ended ​ December 31, 2022 ​ December 31, 2021 ​ December 31, 2022 ​ December 31, 2021 in thousands, except percentages and per share amounts ​ Total revenues $ 167,456 ​ ​ $ 175,350 ​ ​ $ 338,674 ​ ​ $ 348,420 ​ Center-level Contribution Margin (1) ​ 22,573 ​ ​ ​ 41,406 ​ ​ ​ 43,997 ​ ​ ​ 83,736 ​ Net Income (Loss) ​ (10,547) ​ ​ ​ 1,106 ​ ​ ​
  evidence_url: https://www.sec.gov/Archives/edgar/data/1834376/000155837023000971/0001558370-23-000971-index.htm

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