{"schema_version":"secwatch.filing_event.v1","accession":"0001834376-23-000007","form_type":"8-K","ticker":"INNV","cik":"0001834376","company_name":"InnovAge Holding Corp.","filed_at":"2023-05-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.007574+00:00","generated_at":"2026-06-15T09:53:31.733292+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"InnovAge Q3 FY2023 revenue down 2.7% to $172.5M; net loss widens to $0.05/share","bullets":["Total revenue $172.5M, down 2.7% YoY; participant census fell to 6,310 from 6,800.","Net loss of $7.3M ($0.05/share) vs loss of $3.2M ($0.02/share) in prior-year quarter.","Adjusted EBITDA improved to $3.8M from $1.9M; margin 2.2% vs 1.1%.","Ended quarter with $121.7M cash, $89.1M debt; released from Sacramento sanction on May 1.","Center-level contribution margin $28.8M, up 2.8% YoY; as % of revenue improved to 16.7%."],"urls":{"canonical":"https://secwatch.observer/filing/0001834376-23-000007","json":"https://secwatch.observer/filing/0001834376-23-000007.json","markdown":"https://secwatch.observer/filing/0001834376-23-000007.md","text":"https://secwatch.observer/filing/0001834376-23-000007.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1834376/000183437623000007/0001834376-23-000007-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1834376/000183437623000007/innv-20230509.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T09:53:31.733292+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"a4ff7e6a93378e27a6539e54436fd67664c197d0","claim":"InnovAge Holding Corp. reported the fiscal third quarter ended March 31, 2023 results: revenue $172.5 million, net income $7.3 million, EPS loss of $0.05 per share.","evidence_excerpt":"Adjusted EBITDA (1) $ 3,789 $ 1,931 $ (1,977) $ 34,895 Adjusted EBITDA margin (1) 2.2 % 1.1 % (0.4) % 6.6 % Fiscal Third Quarter 2023 Financial Performance • Total revenue of $172.5 million, decreased approximately 2.7% compared to $177.4 million in the third quarter of fiscal 2022 • Center-level Contribution Margin (1) of $28.8 million, increased 2.8% compared to","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1834376/000183437623000007/0001834376-23-000007-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal third quarter ended March 31, 2023"},{"label":"Revenue","value":"$172.5 million"},{"label":"Net income","value":"$7.3 million"},{"label":"EPS","value":"loss of $0.05 per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}