Filing Flows › InnovAge Holding (INNV) › Q1 FY27
InnovAge Holding (INNV) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Nov 3, 2026
InnovAge Holding (INNV) reported revenue of $265M for the first quarter fiscal 2027 (Q1 FY27), +12% from a year earlier and +1% from the quarter before. Operating margin was 7.6%, net earnings $19.6M (7.4% of revenue).
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 follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $265M | +1% | +12% |
| Gross profit | $63.6M | +2% | +24% |
| Operating profit | $20.1M | +99% | +143% |
| Net earnings | $19.6M | +136% | +144% |
| Operating cash flow | $28.7M | +35% | +632% |
| Free cash flow | $25.8M | +51% | — |
What changed
Revenue was $264.8M in Q1 FY27, up 12% year over year and up 1% from the previous quarter.
Gross margin was 24.0%, up 2.3 points from Q1 FY26. Operating profit was $20.1M, a 7.6% margin (up 4.1 points year over year). Of the extra revenue versus Q1 FY26, 41% reached operating profit, above the 4% margin then. Operating expenses grew 1% against revenue growth of 12%. The fastest-growing cost line was Sales & marketing (+13%). Net earnings were $19.6M, up 144% year over year. The effective tax rate was -4.2%.
Operating cash flow was $28.7M (up 632% year over year), 138% of net income including minority interests. Non-cash charges added back $5.7M of depreciation and amortization and $1.7M of share-based compensation. Capital expenditures of $3.0M left free cash flow of $25.8M.
Questions
What was InnovAge Holding's revenue in the first quarter fiscal 2027?
InnovAge Holding (INNV) reported revenue of $265M for the first quarter fiscal 2027 (Q1 FY27), +12% from a year earlier and +1% from the quarter before.
Was InnovAge Holding profitable in the first quarter fiscal 2027?
Operating profit was $20.1M (7.6% of revenue) and net earnings $19.6M.
Source: InnovAge Holding 10-Q on SEC EDGAR.