---
schema_version: "secwatch.filing_event.v1"
accession: "0001834376-23-000025"
form_type: "8-K"
ticker: "INNV"
cik: "0001834376"
company_name: "InnovAge Holding Corp."
filed_at: "2023-11-07T23:59:59+00:00"
generated_at: "2026-06-08T17:11:31.993995+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# InnovAge Q1 revenue up 6.6% to $182.5M; adjusted EBITDA turns positive at $2.2M

## Summary
- Total revenue $182.5M, up 6.6% YoY; net loss narrowed to $11.0M from $13.7M.
- Adjusted EBITDA of $2.2M vs -$3.8M in prior year; adjusted EBITDA margin 1.2%.
- Center-level contribution margin $27.9M (+30.1% YoY); margin improved to 15.3% from 12.5%.
- Census ~6,580 participants, up slightly from 6,540; cash & short-term investments $135.2M.
- Net loss per share $0.08 vs $0.10; management cites continued improvement and momentum.

## SEC filing metadata
- accession: 0001834376-23-000025
- form_type: 8-K
- ticker: INNV
- cik: 0001834376
- company_name: InnovAge Holding Corp.
- filed_at: 2023-11-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1834376/000183437623000025/0001834376-23-000025-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1834376/000183437623000025/innv-20231107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001834376-23-000025
- JSON: https://secwatch.observer/filing/0001834376-23-000025.json
- Plain text: https://secwatch.observer/filing/0001834376-23-000025.txt

## Key facts
- Earnings Releases
  InnovAge Holding Corp. reported the fiscal first quarter ended September 30, 2023 results: revenue $182,485, net income Net loss of $11.0 million, EPS Net loss per share - basic and diluted $0.08.
  - Period: the fiscal first quarter ended September 30, 2023
  - Revenue: $182,485
  - Net income: Net loss of $11.0 million
  - EPS: Net loss per share - basic and diluted $0.08
  - Result: reported results
  source text: enable us to return to normalized margins.” Financial Results Three Months Ended September 30, 2023 2022 in thousands, except percentages and per share amounts Total revenues $ 182,485 $ 171,218 Loss Before Income Taxes 10,736 17,169 Net Loss 10,962 13,699 Net Loss margin 6.0 % 8.0 % Net Loss Attributable to InnovAge Holding Corp. 10,304 13,073 Net Loss per
  evidence_url: https://www.sec.gov/Archives/edgar/data/1834376/000183437623000025/0001834376-23-000025-index.htm

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