Filing Flows › InnovAge Holding (INNV) › Q3 FY25
InnovAge Holding (INNV) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed May 6, 2025
InnovAge Holding (INNV) reported revenue of $218M for the third quarter fiscal 2025 (Q3 FY25), +13% from a year earlier and +4% from the quarter before. Operating margin was -4.7%, net loss $11.1M (5.1% of revenue).
InnovAge Holding, Q3 FY25: revenue $218M (+13% year over year), operating margin -4.7%, net loss $11.1M, operating cash flow $24.6M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $218M | +4% | +13% |
| Operating profit | −$10.2M | — | — |
| Net earnings | −$11.1M | — | — |
| Operating cash flow | $24.6M | +265% | +602% |
| Free cash flow | $21.7M | +302% | +611% |
What changed
Revenue was $218.1M in Q3 FY25, up 13% year over year and up 4% from the previous quarter. Capitation revenue was the largest line at 100% of revenue. Capitation revenue added $25.1M year over year (up 13%), 100% of the total change.
Gross margin was 18.7%, up 1.1 points from a year earlier. Operating costs exceeded revenue by $10.2M, an operating margin of -4.7%. Operating expenses grew 28% against revenue growth of 13%. The fastest-growing cost line was General & admin (+40%). The quarter ended with a net loss of $11.1M, narrower than the previous quarter's $13.5M loss.
Operating cash flow was $24.6M (up 602% year over year). Non-cash charges added back $5.4M of depreciation and amortization and $2.0M of share-based compensation. Working capital and other items added $28.3M. Capital expenditures of $2.9M left free cash flow of $21.7M.
Questions
What was InnovAge Holding's revenue in the third quarter fiscal 2025?
InnovAge Holding (INNV) reported revenue of $218M for the third quarter fiscal 2025 (Q3 FY25), +13% from a year earlier and +4% from the quarter before.
Was InnovAge Holding profitable in the third quarter fiscal 2025?
Operating loss was $10.2M (-4.7% of revenue) and net loss $11.1M.
Source: InnovAge Holding 10-Q on SEC EDGAR.