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Privia Health Group (PRVA) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · Privia Health Group (PRVA) Q3 2026 earnings results →
Q3 2026 Revenue up 13% year over year to $657M · 2¢ of every $1 of revenue kept as net profit · operating margin 3.1%
Privia Health Group made $657M in Q3 2026 (+13% Y/Y): FFS-patient care $433M, Capitated revenue $99.5M, Shared savings $68.8M. Operating margin 3.1%, net earnings $13.5M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $657.0M in Q3 2026, up 13% year over year and up 4% from the previous quarter. FFS-patient care was the largest line at 66% of revenue. FFS-patient care added $80.5M year over year (up 23%), 105% of the total change. Shared savings declined 14%.
Operating profit was $20.5M, a 3.1% margin (up 0.6 points year over year). Of the extra revenue versus Q3 2025, 8% reached operating profit, above the 2% margin then. Total costs grew 12% against revenue growth of 13%. The fastest-growing cost line was Sales & marketing (+43%). Net earnings were $13.5M, up 97% year over year. The effective tax rate was 34.5%.
Operating cash flow was $28.9M (down 44% year over year), 198% of net income including minority interests. Non-cash charges added back $3.5M of depreciation and amortization and $14.0M of share-based compensation. Working capital and other items used $3.2M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 5, 2026 | $657M | +13% | 3.1% | $13.5M | $28.9M |
| Q2 2026 | 10-Q | Aug 6, 2026 | $633M | +21% | 1.9% | $9.0M | $1.1M |
| Q1 2026 | 10-Q | May 7, 2026 | $604M | +26% | 1.2% | $3.1M | −$49.5M |
| Q4 2025 | 10-K | Feb 27, 2026 | $541M | +17% | 2.1% | $9.2M | $128M |
| Q3 2025 | 10-Q | Nov 6, 2025 | $580M | +32% | 2.5% | $6.9M | $52.0M |
| Q2 2025 | 10-Q | Aug 7, 2025 | $521M | +23% | 0.6% | $2.7M | $8.0M |
| Q1 2025 | 10-Q | May 8, 2025 | $480M | +16% | 1.1% | $4.2M | −$24.1M |
Charts
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🔄Rotation against the market and its industry (RRG)interactive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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About Privia Health Group
Privia Health Group, Inc. (“Privia Health”, “we”, “our”, or the “Company”) is a technology-driven, national physician-enablement company that collaborates with physician practices, health plans, and health systems to achieve the quadruple aim of better outcomes, lower costs, improved patient experience, and happier and more engaged providers. We seek to accomplish the quadruple aim by entering markets and organizing existing physicians and non-physician clinicians into a unique practice model that combines the advantages of a partnership in a large regional medical group (each, a “Medical Group”) with significant provider autonomy for the physicians (collectively, “Privia Physicians”) and non-physician clinicians (collectively “Privia Clinicians” and, together with the Privia Physicians, the “Privia Providers”) in our Medical Groups.
In its own words, from its 10-K, filed Feb 27, 2026.
Privia Health Group against its Services-Health Services peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +13% against the peers' median +13%. Operating margin: 3.1% against the peers' median 5.5%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| PRVA Privia Health Group | Q3 2026 | $657M | +13% | 3.1% |
| LFST LifeStance Health Group | Q3 2026 | $456M | +25% | 7.3% |
| PIII P3 Health Partners | Q2 2026 | $386M | +9% | 10.7% |
| PNTG Pennant Group | Q3 2026 | $302M | +32% | 5.5% |
| INNV InnovAge Holding | Q1 FY27 | $265M | +12% | 7.6% |
| USPH U S Physical Therapy | Q3 2026 | $223M | +13% | 11.3% |
| WGS GeneDx Holdings | Q2 2026 | $114M | +11% | -15.3% |
| OMDA Omada Health | Q3 2026 | $91.3M | +34% | 5.3% |
| DCGO DocGo | Q2 2026 | $73.4M | -9% | -24.4% |
Source: Privia Health Group 10-Q on SEC EDGAR · CIK 1759655 · Services-Health Services
Guidance and outlook
13F: who owns PRVA and who is buying
More on PRVA
- How Privia Health Group makes money: revenue by segment
- Privia Health Group next earnings date and what analysts expect
- Privia Health Group stock forecast, price target and fair value
- Who owns Privia Health Group stock: holders, funds and Congress trades
- Privia Health Group guidance and outlook
- Is Privia Health Group a takeover target? LBO and rumors
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results
- Privia Health Group guidance history: guided vs reported
- Privia Health Group operating margin by quarter
- Privia Health Group net income by quarter
- Privia Health Group FFS-patient care revenue by quarter
- Privia Health Group Capitated revenue revenue by quarter
- Privia Health Group Shared savings revenue by quarter