InnovAge Holding Corp. reported approximately $252 million [1] in total revenue for its third fiscal quarter ended March 31, 2026.
This financial performance signals a strategic shift for the company. According to company leadership, InnovAge is moving from a stabilization phase into a growth phase, utilizing steady earnings and cash flow to pursue joint ventures, partnerships, and acquisitions [4, 5].
Chief Executive Officer Patrick Blair said, "We delivered a solid third quarter and continue to see steady momentum across the business."
For the full fiscal year 2026, the company projects total revenue between $950 million and $975 million [5]. The company also forecasts an adjusted EBITDA ranging from $85 million to $90 million [5] for the same period.
At the end of the third quarter, InnovAge held $95.5 million [2] in cash and cash equivalents. The company also reported $43.1 million [2] in short-term investments and $69.4 million [2] in debt on its balance sheet.
Blair said the quarterly results during an earnings call held on Tuesday, May 5 [7]. He said, "For the quarter, we reported approximately $252 million in total revenue" [1].
The company is headquartered in Denver, Colorado, where it issued its official results in April [6].
“"We delivered a solid third quarter and continue to see steady momentum across the business."”
InnovAge's transition toward an acquisition-led growth strategy indicates a pivot from internal recovery to market expansion. By leveraging a cash position of over $138 million in liquid assets against $69.4 million in debt, the company is positioning itself to scale its operations through external partnerships and corporate buyouts.
