Filing Flows › InnovAge Holding (INNV) › Q1 FY27 › vs Q4 FY26
InnovAge Holding (INNV) Q1 FY27 vs Q4 FY26 (quarter over quarter)
InnovAge Holding's revenue rose $2.8M (+1%) from $262M in Q4 FY26 to $265M in Q1 FY27. Gross margin 24.0% against 23.9% (+0.1 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 Q4 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q4 FY26 | Change | |
|---|---|---|---|
| Gross margin | 24.0% | 23.9% | +0.1 pts |
| Operating margin | 7.6% | 3.9% | +3.7 pts |
| Net margin | 7.4% | 3.2% | +4.2 pts |
| Free cash flow margin | 9.7% | 6.5% | +3.2 pts |
Every line
| Line | Q1 FY27 | Q4 FY26 | Change | % |
|---|---|---|---|---|
| Revenue | $265M | $262M | $2.8M | +1% |
| Gross profit | $63.6M | $62.6M | $1.0M | +2% |
| Cost of revenue | $201M | $199M | $1.8M | +0.9% |
| Operating profit | $20.1M | $10.1M | $10.0M | +99% |
| Operating expenses | $43.4M | $52.4M | −$9.0M | -17% |
| Pre-tax earnings | $20.0M | $9.7M | $10.4M | +107% |
| Sales & marketing | $8.6M | $9.9M | −$1.3M | -13% |
| General & admin | $29.1M | $33.1M | −$3.9M | -12% |
| Other operating costs | $5.7M | $9.4M | −$3.7M | -40% |
| Income tax benefit | $841K | $116K | $725K | +625% |
| Net earnings | $19.6M | $8.3M | $11.3M | +136% |
| Minority interests | $1.3M | $1.5M | −$171K | -11% |
| Depreciation & amortization | $5.7M | $6.4M | −$698K | -11% |
| Share-based compensation | $1.7M | $1.7M | $7K | +0.4% |
| Working capital & other | $1.8M | $4.9M | −$3.1M | -64% |
| Operating cash flow | $28.7M | $21.3M | $7.5M | +35% |
| Free cash flow (OCF − capex) | $25.8M | $17.0M | $8.7M | +51% |
| Capital expenditures | $3.0M | $4.3M | −$1.3M | -30% |
Questions
How much did InnovAge Holding's revenue grow quarter over quarter in Q1 FY27?
InnovAge Holding's revenue rose $2.8M (+1%) from $262M in Q4 FY26 to $265M in Q1 FY27. Gross margin 24.0% against 23.9% (+0.1 pts).