Short answer
InnovAge Holding Corp. (INNV) filed its Q3 2025 10-Q quarterly report on Nov 4, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $236M (up 15.1% year over year) with net income of $8M.
Q3 2025 key financials · XBRL
- Revenue
- $236M
- +15.1% YoY
- Net income
- $8M
- +262.7% YoY
- Operating margin
- 3.5%
- Gross margin
- 21.8%
- EPS (diluted)
- $0.06
- +250.0% YoY
Source: XBRL data from the InnovAge Holding Corp. (INNV) Q3 2025 10-Q on SEC EDGAR. USD.
InnovAge Holding Corp. Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $236.1M, up 15.1% YoY from $205.1M
- Operating margin 3.5% vs negative 2.4% YoY
- Capitation revenue $235.8M, up 15.1%, driven by rates and member months
- Cost of care $75.9M, up 19.7%; worst cost pressure from salaries, pharmacy, and transportation
- Near-term headwinds: Medicaid cuts, labor shortages, wage inflation, and higher provider costs
Risk Factors
- No risk-factors section provided; supplied text contains only Items 2–6 and signatures
- Credit Agreement Amendment No. 2 dated August 8, 2025; financial covenant changes unavailable
- Employment agreement with Meredith Delk effective September 30, 2025; related retention or compensation risk unavailable
- No disclosed regulatory, legal, operational, competitive, market, liquidity, debt-maturity, currency, or concentration risks in provided text
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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