Filing Flows › Privia Health Group (PRVA) › Q1 2026
Privia Health Group (PRVA) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Privia Health Group (PRVA) reported revenue of $604M for the first quarter 2026 (Q1 2026), +26% from a year earlier and +12% from the quarter before. Operating margin was 1.2%, net earnings $3.1M (0.5% of revenue).
Privia Health Group, Q1 2026: revenue $604M (+26% year over year), operating margin 1.2%, net earnings $3.1M, operating cash flow −$49.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $604M | +12% | +26% |
| Operating profit | $7.4M | -34% | +42% |
| Net earnings | $3.1M | -67% | -27% |
| Operating cash flow | −$49.5M | -139% | — |
What changed
Revenue was $603.8M in Q1 2026, up 26% year over year and up 12% from the previous quarter. FFS-patient care was the largest line at 65% of revenue. FFS-patient care added $79.4M year over year (up 25%), 64% of the total change. FFS-administrative services declined 3%.
Operating profit was $7.4M, a 1.2% margin (up 0.1 points year over year). Of the extra revenue versus Q1 2025, 2% reached operating profit, above the 1% margin then. Total costs grew 26% against revenue growth of 26%. The fastest-growing cost line was General & admin (+31%). Net earnings were $3.1M, down 27% year over year. The effective tax rate was 60.2%. Non-operating items added $1.9M, 20% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$49.5M. Non-cash charges added back $3.3M of depreciation and amortization and $21.9M of share-based compensation. Working capital and other items used $78.4M.
Questions
What was Privia Health Group's revenue in the first quarter 2026?
Privia Health Group (PRVA) reported revenue of $604M for the first quarter 2026 (Q1 2026), +26% from a year earlier and +12% from the quarter before.
Was Privia Health Group profitable in the first quarter 2026?
Operating profit was $7.4M (1.2% of revenue) and net earnings $3.1M.