Company Raises EBITDA Guidance to $70M-$75M
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5d ago
0mins
Should l Buy INNV?
Consensus $930.35M. The company also raised its adjusted EBITDA guidance to a range of $70M-$75M. "We remain focused on sustainable growth, close partnership with regulators, and long-term value for participants, payors, and shareholders," said CEO Patrick Blair.
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Analyst Views on INNV
About INNV
InnovAge Holding Corp. is a healthcare delivery platform. The Company is engaged in managing the care of high-cost, frail, and dual-eligible seniors through the Program of All-inclusive Care for the Elderly (PACE). Its programs are designed to allow frail seniors to live life on their terms by aging in place, in their own homes and communities, for as long as safely possible. Through its PACE program, it offers a range of medical and ancillary services for seniors, including in-home care services (skilled, unskilled and personal care), center services such as primary care, physical therapy, occupational therapy, speech therapy, dental services, mental health and psychiatric services, meals, and activities; transportation to and from the PACE center, and third-party medical appointments and care management. Its participant-centered approach is led by the Company's Interdisciplinary Care Teams (IDTs), who oversee all aspects of each participant’s care plan.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Stock Surge: Following the positive earnings report, Cirrus Logic's shares jumped 7.6% to $134.10 on Wednesday, reflecting market optimism regarding the company's future growth potential.
- Optimistic Guidance: Cirrus Logic provided fourth-quarter sales guidance that is expected to exceed market estimates, further solidifying its competitive position in the semiconductor industry.
See More
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- Strong Financial Performance: InnovAge reported total revenues of $239.7 million for Q2, reflecting a 14.7% year-over-year increase, with a center-level contribution margin of $52.8 million and adjusted EBITDA of $22.2 million, achieving a 9.2% EBITDA margin for the first time, indicating sustained operational and financial execution improvements.
- Improved Medicaid Environment: The company made progress in Medicaid eligibility and redeterminations, enhancing timeliness and accuracy, reducing reserves, and reinstating coverage for several participants, which is expected to further enhance participant experience and revenue.
- Raised Full-Year Guidance: InnovAge raised its fiscal 2026 full-year guidance, now expecting member months between 92,900 and 95,700, total revenue between $925 million and $950 million, and adjusted EBITDA between $70 million and $75 million, reflecting ongoing operational improvements and better-than-expected Medicaid rates.
- Governance Changes: Tom Scully returned as Chairman of the Board, with two board members rejoining, and management expressed gratitude for former leader Jim Carlson's contributions, demonstrating stability in governance and confidence in future growth.
See More
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- Strong Earnings Report: InnovAge reported a GAAP EPS of $0.08 for Q2, beating expectations by $0.04, indicating sustained improvement in profitability that is likely to positively impact stock performance.
- Significant Revenue Growth: The company achieved revenues of $239.71 million, a 14.7% year-over-year increase, surpassing market expectations by $11.41 million, reflecting strong business expansion and market demand.
- Raised Financial Guidance: InnovAge has raised its full fiscal year 2026 financial guidance, projecting total revenues between $925 million and $950 million, with adjusted EBITDA expected to be between $70 million and $75 million, demonstrating confidence in future growth.
- Stable Membership Growth: While the ending census forecast remains unchanged, total member months are expected to reach between 92,900 and 95,700, indicating stable growth in the customer base and enhancing market competitiveness.
See More
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- Market Leadership: As of September 30, 2025, InnovAge serves approximately 7,890 participants across 20 centers in six states, indicating its significant impact in managing high-cost healthcare, thereby further solidifying its market position.
- Innovative Care Model: InnovAge's PACE model aims to enhance the ability of seniors to live independently while reducing over-utilization of high-cost care settings, reflecting the company's commitment to improving care quality for older adults, which may attract more support from government payors.
- Investor Relations: The live webcast of the conference will provide real-time information to investors, enhancing interaction between the company and its investors, thereby increasing transparency and trust in the healthcare sector.
See More
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- Litigation Background: The case, filed in 2021, accused InnovAge of providing false information to investors during the IPO period, leading to investor losses and reflecting serious deficiencies in corporate governance and transparency.
- Significant Stock Impact: Following the announcement of regulatory sanctions, InnovAge's stock plummeted by 78%, making it one of the five worst-performing IPOs of 2021, highlighting a severe lack of market confidence in the company's operations and compliance.
- Legal Team Recognition: The Honorable William J. Martinez of the U.S. District Court commended the plaintiffs' counsel for their exceptional performance, underscoring the importance of legal expertise and strategy in complex securities litigation.
See More
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InnovAge Recognition: InnovAge has been named one of the top 15 organizations in the aging services category by Fortune's Best Workplaces in Aging Services for 2025, highlighting its supportive workplace culture and commitment to high-quality care for older adults.
Employee Commitment: CEO Patrick Blair emphasized that the recognition reflects the dedication of InnovAge's over 2,400 employees, who are committed to providing compassionate care and fostering a positive work environment, further validated by InnovAge's sixth consecutive honor as a Great Place to Work®.
See More
