---
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"
generated_at: "2026-06-15T09:53:31.733292+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# InnovAge Q3 FY2023 revenue down 2.7% to $172.5M; net loss widens to $0.05/share

## Summary
- 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%.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001834376-23-000007
- JSON: https://secwatch.observer/filing/0001834376-23-000007.json
- Plain text: https://secwatch.observer/filing/0001834376-23-000007.txt

## Key facts
- Earnings Releases
  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.
  - Period: the fiscal third quarter ended March 31, 2023
  - Revenue: $172.5 million
  - Net income: $7.3 million
  - EPS: loss of $0.05 per share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1834376/000183437623000007/0001834376-23-000007-index.htm

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