| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | — | — | — | — | — | — | — | — | — | — | — |
| Sell | — | 1 | — | — | — | — | — | — | — | — | — | — |
| total | individual payouts | |
|---|---|---|
| 2025 | ‡‡‡ |
|
| 2024 | ‡‡‡ |
|
| 2023 | ‡‡‡ |
|
| 2022 | ‡‡‡ |
|
| 2021 | ‡‡‡ |
|
| 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|
| Cash | 173.48 | 102.79 | 105.92 | 141.34 |
| Receivables | 24.61 | 51.43 | 39.68 | 45.67 |
| Inventory | — | — | — | — |
| Other | 17.15 | — | 6.04 | — |
| 215.23 | 173.14 | 176.11 | 214.31 |
| 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|
| Payables | 54.94 | 55.46 | 76.75 | 115.36 |
| ST’ Debt | 3.80 | 3.80 | 2.25 | 2.54 |
| Other | 52.14 | 70.60 | 75.89 | 75.13 |
| 148.45 | 138.60 | 164.81 | 203.89 |
| 10y | 5y | 3y | |
| Sales | — | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | — | ‡‡‡ | ‡‡‡‡‡ |
| Earnings | — | ‡‡‡ | ‡‡‡ |
| Book Value | — | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Sep | Dec | Mar | Jun | Year | |
|---|---|---|---|---|---|
| ’26 | — | — | — | — |
—
|
| ’26 | 236.11 | 239.71 | 251.94 | 261.95 |
989.71
|
| ’25 | 205.14 | 209.00 | 218.14 | 221.42 |
853.70
|
| ’24 | 182.49 | 188.90 | 193.07 | 199.40 |
763.86
|
| ’23 | 171.22 | 167.46 | 172.54 | 176.87 |
688.09
|
| ’22 | 173.07 | 175.35 | 177.36 | 172.86 |
698.64
|
| ’21 | 152.57 | 157.31 | 156.31 | 171.62 |
637.80
|
| Sep | Dec | Mar | Jun | Year | |
|---|---|---|---|---|---|
| ’26 | — | — | — | — |
—
|
| ’26 | 3.92 | 21.36 | 18.14 | 21.29 |
64.71
|
| ’25 | (7.52) | 6.75 | 24.63 | 9.00 |
32.87
|
| ’24 | (32.98) | (9.29) | 3.51 | 1.87 |
(36.90)
|
| ’23 | 13.13 | (35.12) | 29.08 | 13.15 |
20.24
|
| ’22 | 20.56 | 11.02 | (7.52) | 3.24 |
27.30
|
| ’21 | (18.06) | 17.32 | (16.28) | 9.48 |
(7.55)
|
| Sep | Dec | Mar | Jun | Year | |
|---|---|---|---|---|---|
| ’26 | — | — | — | — |
—
|
| ’26 | (0.15) | 19.00 | 18.25 | 17.02 |
54.12
|
| ’25 | (9.72) | 5.41 | 21.73 | 9.18 |
26.60
|
| ’24 | (35.56) | (10.88) | 3.06 | (1.43) |
(44.81)
|
| ’23 | 5.46 | (42.08) | 24.38 | 9.13 |
(3.12)
|
| ’22 | 17.52 | 2.38 | (17.41) | (14.85) |
(10.94)
|
| ’21 | (22.69) | 8.48 | (18.90) | 6.02 |
(27.09)
|
| Sep | Dec | Mar | Jun | Year | |
|---|---|---|---|---|---|
| ’26 | — | — | — | — |
—
|
| ’26 | 0.06 | 0.08 | (0.22) | 0.06 |
(0.02)
|
| ’25 | (0.04) | (0.10) | (0.08) | (0.01) |
(0.22)
|
| ’24 | (0.08) | (0.03) | (0.04) | (0.01) |
(0.16)
|
| ’23 | (0.10) | (0.07) | (0.05) | (0.09) |
(0.30)
|
| ’22 | 0.06 | 0.01 | (0.02) | (0.09) |
(0.05)
|
| ’21 | (0.37) | 0.07 | (0.09) | 0.05 |
(0.36)
|
| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| — | — | — | — | ‡‡‡‡ | 3.39 | 5.04 | 3.52 | 2.60 | 5.16 | — | — | — |
Low Price
|
| — | — | — | — | ‡‡‡‡‡ | 7.85 | 8.15 | 6.69 | 6.26 | 12.64 | — | — | — |
High Price
|
| — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | 2,000 | 2,100 | 2,350 | 2,440 | 2,500 | — | — | — |
Employees
|
| — | — | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.35 | 0.33 | 0.33 | 0.35 | 0.40 | — | — | — |
Revenue/Emp
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 698.64 | 688.09 | 763.86 | 853.70 | 989.71 | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Revenue
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 19.38% | 14.72% | 17.29% | 18.00% | 23.01% | — | — | — |
Gross Margin
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (7.24) | (50.79) | (21.82) | (34.03) | 0.27 | — | — | — |
EBT
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (1.04%) | (7.38%) | (2.86%) | (3.99%) | 0.03% | ‡‡‡ | ‡‡‡ | — |
EBT Margin
|
| ‡‡‡ | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (7.96) | (43.55) | (23.22) | (35.34) | (0.68) | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Net Income
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 14.35 | 15.85 | 19.38 | 19.94 | 21.91 | — | — | — |
Depreciation
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 5.16 | 5.07 | 5.62 | 6.31 | 7.29 | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Revenue/Sh
|
| — | — | ‡‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | (0.05) | (0.30) | (0.16) | (0.22) | (0.02) | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Earnings/Sh
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.20 | 0.15 | (0.27) | 0.24 | 0.48 | — | — | — |
Cash Flow/Sh
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.28) | (0.17) | (0.06) | (0.05) | (0.08) | ‡‡‡ | ‡‡‡ | — |
Capex/Sh
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.08) | (0.02) | (0.33) | 0.20 | 0.40 | — | — | — |
Free CF/Sh
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2.50 | 2.23 | 2.04 | 1.76 | 1.76 | — | — | — |
Book Value/Sh
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 135.52 | 135.59 | 135.90 | 135.39 | 135.70 | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Shares
|
| — | — | ‡‡‡ | ‡‡‡ | ‡‡‡ | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ‡‡‡‡ | ‡‡‡‡ | — |
PE Ratio
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.85 | 1.48 | 0.90 | 0.59 | 1.62 | ‡‡‡ | ‡‡‡ | — |
PS Ratio
|
| — | — | ‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | 1.75 | 3.37 | 2.47 | 2.10 | 6.73 | ‡‡‡ | ‡‡‡ | — |
PB Ratio
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.70 | 1.34 | 0.86 | 0.54 | 1.54 | ‡‡‡‡ | ‡‡‡‡ | — |
EV/Sales
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (34.13) | (141.15) | (13.68) | 19.90 | 30.05 | — | — | — |
EV/FCF
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 27.30 | 20.24 | (36.90) | 32.87 | 64.71 | ‡‡‡ | ‡‡‡ | — |
Op' Cash Flow
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (38.24) | (23.35) | (7.91) | (6.26) | (10.59) | ‡‡‡‡‡ | — | — |
Capex
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (10.94) | (3.12) | (44.81) | 26.60 | 54.12 | — | — | — |
FCF
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 135.65 | 66.78 | 34.54 | 11.30 | 10.42 | — | — | — |
Working Cap'
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 81.44 | 81.75 | 78.02 | 67.25 | 56.31 | — | — | — |
Total Debt
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (103.00) | (91.72) | (24.78) | (38.67) | (85.03) | — | — | — |
Net Debt
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 338.47 | 302.09 | 277.61 | 237.90 | 238.76 | — | — | — |
Sh' Equity
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (1.20%) | (7.24%) | (3.83%) | (5.64%) | (0.47%) | — | — | — |
ROA
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (1.17%) | (14.68%) | (5.73%) | (9.34%) | 1.06% | — | — | — |
ROIC
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (1.92%) | (12.70%) | (7.36%) | (11.76%) | (1.06%) | — | — | — |
ROE
|
InnovAge Holding Corp. (INNV), a key player in Program of All-Inclusive Care for the Elderly (PACE) services for frail seniors, has powered through operational headwinds with resilient revenue growth, compounding at 10.6% annually from $466 million in 2019 to $854 million in 2025, and projected to hit $1.11 billion by 2028. Despite gross margin erosion from a 2021 peak of 27.3% to 14.7% in 2023—hit by healthcare cost inflation and regulatory scrutiny—the stock trades at a striking premium, 16% above the highest analyst target as of February 2026. Insider buying in mid-2025, including key executives snapping up shares at depressed prices, underscores confidence in a sharp profitability rebound amid post-IPO volatility recovery.
A fortified balance sheet—debt slashed 65% to a net cash position—and forecasts of EBT flipping positive to $31 million in 2026 (3.3% margin), with EPS surging to $0.56 by 2028, paint an optimistic turnaround. Valuations look compelling at 0.59x PS and forward multiples far below peers, with DCF models hinting at 15-25% upside if execution delivers on center expansions and cost controls. Yet risks like reimbursement cuts and labor shortages loom—will INNV capitalize on its scalability in the underserved senior care market?
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