InnovAge Holding Corp (NAS:INNV)

Q3 2025 InnovAge Holding Corp Earnings Call Transcript

May 6, 2025 / 09:00 PM GMT

Release Date Price: $2.85 (-1.38%)

Transcript 10-Q8-K

Key Points

Positve

InnovAge Holding Corp (INNV) reported a 13% year-over-year increase in revenue, reaching $218.1 million.
The company achieved a center-level contribution margin of 18.7%, an improvement of approximately 110 basis points year-over-year.
Census grew to approximately 7,530 participants, marking a 10% annual increase.
InnovAge successfully completed the acquisition and integration of a pharmacy in Colorado, enhancing medication adherence and reducing costs.
The company maintained strong cost discipline, keeping external provider costs flat despite seasonal illness pressures.

Negative

InnovAge reported a net loss of $11.1 million for the quarter, compared to a net loss of $6.2 million in the same quarter of the previous year.
Corporate general and administrative expenses increased by 40.1% due to a $10.7 million accrual for a stockholder lawsuit settlement.
Cost of care, excluding depreciation and amortization, rose by 17.6% year-over-year, driven by higher salaries and increased headcount.
The company faced challenges with transportation costs in Florida, impacting the cost side of the ledger.
De novo center losses were $3.5 million, primarily related to new centers in Bakersfield, Crenshaw, Tampa, and Orlando.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

INNV.OQ - InnovAge Holding Corp
Q3 2025 InnovAge Holding Corp Earnings Call
May 06, 2025 / 09:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good day and thank you for standing by. Welcome to the Innovation 3rd quarter 2025 earnings conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press 11 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press 11 again.

Please be advised that today's conference is being recorded. I would now like to hand the conference over to your first speaker today, Ryan Caboda, Director of Investor relations. Please go ahead.

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