Filing Flows › InnovAge Holding (INNV) › Q4 FY26 › vs Q4 FY25
InnovAge Holding (INNV) Q4 FY26 vs Q4 FY25 (year over year)
InnovAge Holding's revenue rose $40.5M (+18%) from $221M in Q4 FY25 to $262M in Q4 FY26. Gross margin 23.9% against 18.6% (+5.2 pts).
InnovAge Holding, Q4 FY26: revenue $262M (+18% year over year), operating margin 3.9%, net earnings $8.3M, operating cash flow $21.3M. The chart draws each line against Q4 FY25, the increases inside each band.
Margins
| Q4 FY26 | Q4 FY25 | Change | |
|---|---|---|---|
| Gross margin | 23.9% | 18.6% | +5.2 pts |
| Operating margin | 3.9% | -1.0% | +4.8 pts |
| Net margin | 3.2% | -0.4% | +3.5 pts |
| Free cash flow margin | 6.5% | 4.1% | +2.4 pts |
Every line
| Line | Q4 FY26 | Q4 FY25 | Change | % |
|---|---|---|---|---|
| Revenue | $262M | $221M | $40.5M | +18% |
| Gross profit | $62.6M | $41.3M | $21.3M | +52% |
| Cost of revenue | $199M | $180M | $19.3M | +11% |
| Operating profit | $10.1M | −$2.1M | $12.3M | — |
| Operating expenses | $52.4M | $43.4M | $9.0M | +21% |
| Pre-tax earnings | $9.7M | −$4.2M | $13.9M | — |
| Sales & marketing | $9.9M | $7.1M | $2.8M | +40% |
| General & admin | $33.1M | $27.8M | $5.3M | +19% |
| Other operating costs | $9.4M | $8.5M | $892K | +10% |
| Income tax benefit | $116K | −$807K | $923K | — |
| Net earnings | $8.3M | −$785K | $9.1M | — |
| Minority interests | $1.5M | −$4.2M | $5.7M | — |
| Depreciation & amortization | $6.4M | $3.4M | $3.0M | +87% |
| Share-based compensation | $1.7M | $1.6M | $184K | +12% |
| Working capital & other | $4.9M | $4.8M | $70K | +1% |
| Operating cash flow | $21.3M | $9.0M | $12.3M | +137% |
| Free cash flow (OCF − capex) | $17.0M | $9.2M | $7.8M | +85% |
| Capital expenditures | $4.3M | −$179K | $4.4M | — |
Questions
How much did InnovAge Holding's revenue grow year over year in Q4 FY26?
InnovAge Holding's revenue rose $40.5M (+18%) from $221M in Q4 FY25 to $262M in Q4 FY26. Gross margin 23.9% against 18.6% (+5.2 pts).