Filing Flows › InnovAge Holding (INNV) › Q1 FY27 › vs Q1 FY26
InnovAge Holding (INNV) Q1 FY27 vs Q1 FY26 (year over year)
InnovAge Holding's revenue rose $28.7M (+12%) from $236M in Q1 FY26 to $265M in Q1 FY27. Gross margin 24.0% against 21.8% (+2.3 pts).
InnovAge Holding, Q1 FY27: revenue $265M (+12% year over year), operating margin 7.6%, net earnings $19.6M, operating cash flow $28.7M. The chart draws each line against Q1 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q1 FY26 | Change | |
|---|---|---|---|
| Gross margin | 24.0% | 21.8% | +2.3 pts |
| Operating margin | 7.6% | 3.5% | +4.1 pts |
| Net margin | 7.4% | 3.4% | +4.0 pts |
| Free cash flow margin | 9.7% | -0.1% | +9.8 pts |
Every line
| Line | Q1 FY27 | Q1 FY26 | Change | % |
|---|---|---|---|---|
| Revenue | $265M | $236M | $28.7M | +12% |
| Gross profit | $63.6M | $51.4M | $12.2M | +24% |
| Cost of revenue | $201M | $185M | $16.4M | +9% |
| Operating profit | $20.1M | $8.3M | $11.9M | +143% |
| Operating expenses | $43.4M | $43.1M | $370K | +0.9% |
| Pre-tax earnings | $20.0M | $7.9M | $12.1M | +153% |
| Sales & marketing | $8.6M | $7.6M | $1.0M | +13% |
| General & admin | $29.1M | $30.3M | −$1.1M | -4% |
| Other operating costs | $5.7M | $5.2M | $469K | +9% |
| Income tax benefit | $841K | −$247K | $1.1M | — |
| Net earnings | $19.6M | $8.0M | $11.5M | +144% |
| Minority interests | $1.3M | −$350K | $1.7M | — |
| Depreciation & amortization | $5.7M | $5.1M | $573K | +11% |
| Share-based compensation | $1.7M | $2.3M | −$567K | -25% |
| Working capital & other | $1.8M | −$11.5M | $13.3M | — |
| Operating cash flow | $28.7M | $3.9M | $24.8M | +632% |
| Free cash flow (OCF − capex) | $25.8M | −$153K | $25.9M | — |
| Capital expenditures | $3.0M | $4.1M | −$1.1M | -27% |
Questions
How much did InnovAge Holding's revenue grow year over year in Q1 FY27?
InnovAge Holding's revenue rose $28.7M (+12%) from $236M in Q1 FY26 to $265M in Q1 FY27. Gross margin 24.0% against 21.8% (+2.3 pts).