secwatch.observer — SEC 8-K summary
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Issuer:     InnovAge Holding Corp. (INNV)
CIK:        0001834376
Form:       8-K
Filed at:   2024-09-10T23:59:59+00:00
Accession:  0001834376-24-000072
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

InnovAge FY2024 revenue $763.9M (+11%), net loss narrows to $23.2M from $43.6M, adjusted EBITDA $16.5M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1834376/000183437624000072/0001834376-24-000072-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1834376/000183437624000072/innv-20240910.htm
  HTML page:      https://secwatch.observer/filing/0001834376-24-000072

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer