Filing Flows › InnovAge Holding (INNV) › How it makes money
How InnovAge Holding (INNV) makes money
InnovAge Holding (INNV) made $265M of revenue in the first quarter fiscal 2027 (Q1 FY27), +12% from a year earlier. Of every dollar of revenue, 24¢ was left as gross profit, 8¢ was left as operating profit, 7¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q1 FY27 | % of revenue |
|---|---|---|
| Revenue | $265M | 100.0% |
| Cost of revenue | $201M | 76.0% |
| Gross profit | $63.6M | 24.0% |
| Operating expenses | $43.4M | 16.4% |
| Operating profit | $20.1M | 7.6% |
| Net earnings | $19.6M | 7.4% |
| Operating cash flow | $28.7M | 10.9% |
| Free cash flow | $25.8M | 9.7% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q1 FY27 | $265M | +12% |
| Q4 FY26 | $262M | +18% |
| Q3 FY26 | $252M | +16% |
| Q2 FY26 | $240M | +15% |
| Q1 FY26 | $236M | +15% |
| Q4 FY25 | $221M | +11% |
| Q3 FY25 | $218M | +13% |
From InnovAge Holding's 10-Q filed Nov 3, 2026 (on EDGAR).
Questions
How does InnovAge Holding make money?
InnovAge Holding (INNV) made $265M of revenue in the first quarter fiscal 2027 (Q1 FY27), +12% from a year earlier. Of every dollar of revenue, 24¢ was left as gross profit, 8¢ was left as operating profit, 7¢ was left as net earnings.
What is InnovAge Holding's profit margin?
Net earnings were $19.6M, 7.4% of revenue, in the first quarter fiscal 2027; the operating margin was 7.6%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.