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Home CompaniesInnovAge Holding Corp

InnovAge Holding Corp

Healthcare Medical Care Facilities
PortfolioPortfolio WatchlistWatchlist
Company price
8.97 USD -0.12 ( 1.32%)
Last update at 2026-11-06T21:00:00Z
VOLUME
750302
Market Cap
547.35M

Momentum Score

…

InnovAge Holding Corp. manages and provides a range of medical and ancillary services for seniors in need of care and support to live independently in their homes and communities. The company manages its business through Program of All-Inclusive Care for the Elderly (PACE) approach. It also offers in-home care services consisting of skilled, unskilled, and personal care; in-center services, such as primary care, physical therapy, occupational therapy, speech therapy, dental services, mental health and psychiatric services, meals, and activities; transportation to the PACE center and third-party medical appointments; and care management. The company serves participants in the United States; and operates PACE centers in Colorado, California, New Mexico, Pennsylvania, and Virginia. The company was formerly known as TCO Group Holdings, Inc. and changed its name to InnovAge Holding Corp. in January 2021. InnovAge Holding Corp. was founded in 2007 and is headquartered in Denver, Colorado.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
8.87
Low
9.29
High
52 Week Price Range
3.52
Low
8.05
High

Momentum Score

…
Loading momentum score…

A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

InnovAge Holding Corp provides integrated care for older adults through coordinated medical and social services delivered under risk-based contracts and local care centers. Long-term growth drivers include population aging, expansion of value-based reimbursement, and potential geographic and payer expansion, and investors may find its capitated-revenue model and specialized care approach supportive of recurring revenue and cost-management opportunities.
The main investment risks are material exposure to Medicare and Medicaid reimbursement and regulatory changes, execution and scaling risks as the company expands, and cost pressures from managing high-acuity patient populations.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
9.09
Dividend Yield
-
Revenue TTM
741.33M
Revenue Per Share
5.46
Gross Profit TTM
475.82M
Debt / Equity
0.37
ROE
-10.56%
Net Debt
-18.42M
ROCE
-1.12%
Diluted EPS TTM
-0.22

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax -7.24M -34.97M -34.97M 35.63M 25.39M
Minority interest 2.88M 1.44M 22.82M 6.74M 7.25M
Net income -7.96M -44.74M -43.99M 26.28M 19.58M
Selling general administrative 101.65M 132.33M 154.57M 58.48M 48.25M
Selling and marketing expenses 24.20M 22.24M - 19.00M 16.46M
Gross profit 135.37M 174.08M 174.08M 141.30M 110.63M
Reconciled depreciation 15.42M 13.92M 12.29M 11.29M 9.00M
Ebit -4.71M -3.70M 7.22M 50.93M 39.67M
Ebitda 9.21M 8.59M -5.89M 61.54M 47.12M
Depreciation and amortization 13.92M 12.29M - 10.61M 7.45M
Operating income -4.71M -3.70M -10.99M 50.93M 39.67M
Other operating expenses 703.05M 648.79M 18.21M 515.58M 425.95M
Interest expense 2.53M 16.79M 16.79M 14.62M 9.59M
Tax provision -7.24M 0.72M 9.77M 9.87M 6.32M
Net interest income -1.52M -2.53M -16.79M -14.62M -9.59M
Income tax expense 0.72M 9.77M 9.77M 9.87M 6.32M
Total revenue 698.64M 637.80M 637.80M 567.19M 465.63M
Total operating expenses 139.78M 185.07M 648.79M 89.69M 70.95M
Cost of revenue 563.27M 463.72M 463.72M 425.89M 355.00M
Total other income expense net -2.53M -31.27M -7.19M -15.30M -14.29M
Net income from continuing ops -43.55M -7.96M -44.74M 25.77M -8.28M
Net income applicable to common shares -40.67M -6.52M -43.99M 26.28M 19.58M
Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total assets 567.36M 555.60M 531.75M 531.75M 409.63M
Intangible assets 5.20M 5.86M 6.52M 6.52M 5.18M
Other current assets 17.42M 13.86M 9.25M 2.23M 4.31M
Total liab 252.56M 201.85M 173.79M 173.79M 301.88M
Total stockholder equity 296.30M 332.36M 335.15M 335.15M 101.02M
Other current liab 53.35M 47.58M 33.23M 40.35M 32.08M
Common stock 0.14M 0.14M 0.14M 0.14M 0.13M
Capital stock - 0.14M 0.14M 0.14M 0.13M
Retained earnings -35.94M 4.73M 11.25M 10.66M 64.74M
Other liab - 7.32M 18.89M 18.46M 10.73M
Good will 124.22M 124.22M 124.22M 124.22M 116.14M
Other assets - 3.82M 2.81M 3.88M 3.00M
Cash 127.25M 184.43M 201.47M 201.47M 112.90M
Total current liabilities 148.45M 105.31M 78.56M 78.56M 76.63M
Current deferred revenue 28.11M - 7.10M - 12.24M
Net debt -18.42M -99.62M -118.83M - 105.05M
Short term debt 12.05M 7.16M 5.87M - 3.43M
Short long term debt - 3.79M 3.79M 3.79M 1.94M
Short long term debt total 108.83M 84.81M 82.63M - 217.96M
Other stockholder equity 332.11M 327.50M 323.76M - 36.15M
Property plant equipment - 213.40M 176.26M 142.72M 102.49M
Total current assets 215.23M 240.96M 250.93M 250.93M 166.93M
Long term investments - 5.49M 5.49M 3.49M 15.89M
Net tangible assets - 166.88M 202.29M 203.82M -20.30M
Short term investments 46.21M 46.21M - - -
Net receivables 24.61M 42.67M 37.98M 37.98M 48.05M
Long term debt - 64.84M 68.21M 71.57M 210.43M
Inventory -0.26M - 2.23M - 1.66M
Accounts payable 54.94M 50.56M 32.36M 32.34M 28.88M
Accumulated other comprehensive income 0.00M - - - -32.87M
Common stock total equity - - - - 0.13M
Non currrent assets other -0.00M 2.81M 3.88M - 3.00M
Non current assets total 352.13M 314.64M 280.82M 280.82M 242.70M
Capital lease obligations - 40.19M 12.81M 7.27M 5.59M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -69.52M -2.00M -2.00M -1.15M -10.45M
Change to liabilities 34.90M 17.38M 6.14M -1.01M -3.20M
Total cashflows from investing activities -69.52M -40.24M -19.54M -11.69M -52.48M
Net borrowings -7.90M -6.32M -139.45M 21.23M 115.81M
Total cash from financing activities -6.32M 116.22M 116.22M 21.23M 37.35M
Change to operating activities -3.98M 2.11M -8.47M -6.07M -6.16M
Net income -7.96M -44.74M -43.99M 25.77M 19.07M
Change in cash -19.25M 89.14M 89.14M 53.37M 10.77M
Begin period cash flow 203.70M 114.56M 114.56M 61.20M 50.42M
End period cash flow 184.45M 203.70M 114.56M 114.56M 61.20M
Total cash from operating activities 27.30M -7.55M -7.55M 43.83M 25.91M
Issuance of capital stock - 0.00M 370.47M 0.00M 0.47M
Depreciation 13.92M 12.29M 12.29M 11.29M 9.00M
Other cashflows from investing activities - - - 1.13M 1.13M
Dividends paid - 9.50M 9.50M 9.50M 66.51M
Change to inventory - - - -4.12M -7.92M
Change to account receivables -9.51M 5.88M 5.88M -1.20M 1.13M
Sale purchase of stock - -77.60M -77.60M 0.00M -0.19M
Other cashflows from financing activities -40.24M 347.31M -47.69M 25.00M 232.76M
Change to netincome -0.58M 10.85M 23.20M 12.04M 6.40M
Capital expenditures 38.24M 19.54M 17.54M 11.84M 14.49M
Change in working capital 8.62M -0.11M -0.11M -6.33M -9.99M
Stock based compensation 3.74M 1.66M 1.66M 0.54M 0.73M
Other non cash items 6.92M 16.93M 1.06M 9.39M 3.56M
Free cash flow -10.94M -27.09M -27.09M 31.98M 11.42M

Peer Comparison*

Sector: Healthcare Industry: Medical Care Facilities

Stock Name
Change
(USD)
Price
(USD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
INNV
InnovAge Holding Corp		 -0.12
1.32%		 8.97 - 13.66 0.74 1.86 0.76 -35.27
HCA
HCA Healthcare, Inc.		 -12.49
2.46%		 494.99 14.27 13.46 1.21 291.34 1.83 8.99
THC
Tenet Healthcare Corporation		 -3.13
1.09%		 283.33 10.08 12.66 0.96 4.57 1.43 5.80
FSNUY
Fresenius SE & Co KGaA ADR		 0.06
0.42%		 14.62 16.87 9.44 0.42 0.78 0.79 5.37
JDHIY
JD Health International Inc		 -
-%		 5.28 62.50 35.97 0.30 2.32 0.16 3.90

Profile*

InnovAge Holding Corp

InnovAge Holding Corp. manages and provides a range of medical and ancillary services for seniors in need of care and support to live independently in their homes and communities. The company manages its business through Program of All-Inclusive Care for the Elderly (PACE) approach. It also offers in-home care services consisting of skilled, unskilled, and personal care; in-center services, such as primary care, physical therapy, occupational therapy, speech therapy, dental services, mental health and psychiatric services, meals, and activities; transportation to the PACE center and third-party medical appointments; and care management. The company serves participants in the United States; and operates PACE centers in Colorado, California, New Mexico, Pennsylvania, and Virginia. The company was formerly known as TCO Group Holdings, Inc. and changed its name to InnovAge Holding Corp. in January 2021. InnovAge Holding Corp. was founded in 2007 and is headquartered in Denver, Colorado.

8950 East Lowry Boulevard, Denver, CO, United States, 80230

844 803 8745

https://www.innovage.com

2100

Name Title Year Born
Mr. Patrick Blair Pres & CEO 1971
Ms. Barbara K. Gutierrez CPA Chief Financial Officer 1963
Ms. Nicole D'Amato Chief Legal Officer & Corp. Sec. 1979
Mr. Edward Moore Kennedy Jr., J.D. Independent Director 1961
Hon. Marilyn Barbour Tavenner M.H.A., R.N. Independent Director 1951
Ms. Maria Lozzano Chief Operating Officer 1980
Mr. Ryan Kubota Director of Investor Relations NA
Ms. Olivia Patton Chief Compliance Officer NA
Ms. Robin Doerr Chief Sales & Marketing Officer 1964
Mr. Rob Borella Chief Sales & Marketing Officer NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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