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InnovAge reports 12% revenue growth and $20.9M net income in Q1 fiscal 2027, boosting confidence in long-term growth.

Company Fundamentals
03 Nov 2026, 23:05 WIB
GlobeNewsWire
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Bullish
InnovAge reports 12% revenue growth and $20.9M net income in Q1 fiscal 2027, boosting confidence in long-term growth.

InnovAge Holding Corp. announced strong financial results for its fiscal first quarter ended September 30, 2026, with total revenues rising 12.1% to $264.8 million and net income increasing to $20.9 million from $7.7 million a year earlier. The company highlighted growth in participant census and improved operational execution as key drivers of performance, with adjusted EBITDA margin rising to 11.8%. InnovAge serves frail, dual-eligible seniors through its PACE program and aims to expand its participant base and centers. The company confirmed fiscal 2027 guidance with expected revenues between $1.05 billion and $1.085 billion and adjusted EBITDA of $105 million to $115 million, signaling confidence in sustained growth and profitability.

InnovAge announced its fiscal Q1 2026 results, showing strong revenue and income growth. For readers following the health sector, here is Pluang's market snapshot as of Nov 04, 2026 04:11 WIB: 92 of 150 US health stocks rose today. Notable movers include SMMT at USD 15.86 (+7.09%), TNGX at USD 23.17 (+6.48%), and TXG at USD 65.43 (+6.17%).

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