earnings
confidence high
sentiment positive
materiality 0.75
InnovAge FY2024 revenue $763.9M (+11%), net loss narrows to $23.2M from $43.6M, adjusted EBITDA $16.5M
InnovAge Holding Corp.
- Total revenue $763.9M, up 11% YoY from $688.1M in FY2023.
- Net loss $23.2M (margin 3.0%) improved from $43.6M (6.3%) in prior year.
- Adjusted EBITDA $16.5M (margin 2.2%) vs negative $3.4M (-0.5%) in FY2023.
- Center-level contribution margin $132.1M, up 30.4% YoY; margin 17.3% vs 14.7%.
- Census ~7,020 participants, up 9.7% from 6,400 in FY2023.