Overview

* InnovAge ( INNV ) fiscal Q1 revenue grows 15.1%, beating analyst expectations

* Company reports net income of $7.7 mln, reversing a loss from last year

* Adjusted EBITDA for fiscal Q1 rises significantly

Outlook

* InnovAge ( INNV ) projects fiscal 2026 revenue between $900 mln and $950 mln

* Company expects fiscal 2026 Adjusted EBITDA of $56 mln to $65 mln

* InnovAge ( INNV ) anticipates participant census of 7,900 to 8,100 in fiscal 2026

Result Drivers

* PARTICIPANT CENSUS - InnovAge ( INNV ) reports increased participant census, contributing to revenue growth

* INVESTMENTS IN TECHNOLOGY - Continued investment in technology supports sustainable growth, per CEO Patrick Blair

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q1 Beat $236.10 $226.60

Revenue mln mln (3

Analysts

)

Q1 EPS $0.06

Q1 Net $7.70

Income mln

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and 1 "sell" or "strong sell"

* Wall Street's median 12-month price target for InnovAge Holding Corp ( INNV ) is $6.00, about 21% above its November 3 closing price of $4.74

* The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 66 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)