InnovAge Holding Corp. — Form 8-K
Filed September 8, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 58/100
What the filing says
InnovAge reported FY2026 (ended June 30, 2026) total revenues of $989.7M (+15.9% YoY), with income before taxes of $0.3M vs. loss of $34.0M prior year. Net loss of $0.7M vs. $35.3M loss in FY2025. Adjusted EBITDA increased 174% to $94.6M from $34.5M. Census grew to 8,230 participants from 7,740. FY2027 guidance: revenues $1,050–$1,085M, Adjusted EBITDA $105–$115M, census 8,625–8,850. However, litigation costs totaled $57.0M in FY2026 (including $52.4M accrued for potential resolutions), masking operational improvement.
Why this rating
Strong operational turnaround and growth guidance; heavy litigation charges ($57M, 66% of company market cap) dominate GAAP loss but exclude from Adjusted EBITDA. FY2027 guidance suggests 6–9% revenue growth and 11–21% EBITDA growth. Meaningful for small-cap but not transformational; litigation tail risk remains.
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