What is Innovage Holding Corp.'s earnings per share (EPS)?

Innovage Holding Corp. (INNV) reported diluted earnings per share of $-0.22 for fiscal year 2025. This represents a -37.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Innovage Holding Corp. Financials

INNV

Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2026 Currency USD FYE June

This page shows Innovage Holding Corp. (INNV) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI INNV FY2025 2026-05-08

Revenue growth is rebuilding cash generation, but thin unit economics still separate InnovAge's cash recovery from reported profit.

The latest year turned free cash flow positive at $26.6M even as net loss remained -$30.3M, so cash improved faster than earnings. That gap lines up with receivables falling to $36.4M from $48.1M and capex staying light, which suggests the rebound came from working-capital release and low reinvestment needs before full operating recovery.

Across the recent annual periods, gross margin expansion from 14.7% to 18.0% shows the revenue base is becoming less burdened by direct costs. But SG&A still absorbs a large share of sales, so scale is helping cost absorption without yet turning the business into a consistently profitable one.

The balance sheet looks tighter on liquidity than on leverage: the current ratio fell to 1.1x from 3.2x, leaving much less short-term cushion. Cash of $64.1M now sits close to long-term debt of $57.5M, so near-term obligations matter more than absolute borrowing load.

Financial Health Signals

Financial Health Score 42/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Innovage Holding Corp.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Innovage Holding Corp. has an operating margin of -3.5%, meaning the company retains $-3 of operating profit per $100 of revenue. This results in a moderate score of 34/100, indicating healthy but not exceptional operating efficiency. This is down from -3.0% the prior year.

Growth

Innovage Holding Corp.'s revenue grew 11.8% year-over-year to $853.7M, a solid pace of expansion. This earns a growth score of 68/100.

Leverage

Innovage Holding Corp. carries a low D/E ratio of 0.24, meaning only $0.24 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 72/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Innovage Holding Corp.'s current ratio of 1.07 is below the typical benchmark, resulting in a score of 22/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow

Innovage Holding Corp.'s free cash flow margin of 3.1% results in a low score of 28/100. Capital expenditures of $6.3M absorb a large share of operating cash flow.

Returns

Innovage Holding Corp.'s ROE of -12.9% shows moderate profitability relative to equity, earning a score of 30/100. This is down from -7.9% the prior year.

Altman Z-Score Safe

4.86

Innovage Holding Corp. scores 4.86, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($1.6B) relative to total liabilities ($263.9M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Neutral

6/9

Innovage Holding Corp. passes 6 of 9 financial strength tests. 2 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Mixed

-1.08x

For every $1 of reported earnings, Innovage Holding Corp. generates $-1.08 in operating cash flow ($32.9M OCF vs -$30.3M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Earnings & Revenue

Revenue

$853.7M

YoY+11.8%

5Y CAGR+8.5%

Innovage Holding Corp. generated $853.7M in revenue in fiscal year 2025. This represents an increase of 11.8% from the prior year.

EBITDA

-$10.3M

YoY-142.3%

Innovage Holding Corp.'s EBITDA was -$10.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 142.3% from the prior year.

Net Income

-$30.3M

YoY-42.1%

Innovage Holding Corp. reported -$30.3M in net income in fiscal year 2025. This represents a decrease of 42.1% from the prior year.

EPS (Diluted)

$-0.22

YoY-37.5%

Innovage Holding Corp. earned $-0.22 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 37.5% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$26.6M

YoY+159.4%

5Y CAGR-3.6%

Innovage Holding Corp. generated $26.6M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 159.4% from the prior year.

Cash & Debt

$64.1M

YoY+12.6%

5Y CAGR-10.7%

Innovage Holding Corp. held $64.1M in cash against $57.5M in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

135M

YoY-0.5%

Innovage Holding Corp. had 135M shares outstanding in fiscal year 2025. This represents a decrease of 0.5% from the prior year.

Margins & Returns

Gross Margin

18.0%

YoY+0.7pp

Innovage Holding Corp.'s gross margin was 18.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.7 percentage points from the prior year.

Operating Margin

-3.5%

YoY-0.5pp

5Y CAGR-12.5pp

Innovage Holding Corp.'s operating margin was -3.5% in fiscal year 2025, reflecting core business profitability. This is down 0.5 percentage points from the prior year.

Net Margin

-3.5%

YoY-0.8pp

5Y CAGR-8.2pp

Innovage Holding Corp.'s net profit margin was -3.5% in fiscal year 2025, showing the share of revenue converted to profit. This is down 0.8 percentage points from the prior year.

Return on Equity

-12.9%

YoY-5.0pp

5Y CAGR-38.9pp

Innovage Holding Corp.'s ROE was -12.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 5.0 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$6.3M

YoY-20.9%

5Y CAGR-12.0%

Innovage Holding Corp. invested $6.3M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 20.9% from the prior year.

INNV Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$853.7M+11.8%	$763.9M+11.0%	$688.1M-1.5%	$698.6M+9.5%	$637.8M+12.4%	$567.2M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	$153.6M+16.3%	$132.1M+30.4%	$101.3M-25.2%	$135.4M	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$122.1M+9.6%	$111.3M-3.7%	$115.6M+13.8%	$101.7M-23.2%	$132.3M+126.3%	$58.5M
Operating Income	-$29.8M-28.4%	-$23.2M+53.1%	-$49.4M-1021.1%	-$4.4M+64.3%	-$12.3M-124.2%	$50.9M
Interest Expense	N/A	N/A	N/A	$2.5M-85.0%	$16.8M+14.8%	$14.6M
Income Tax	$1.3M-6.1%	$1.4M+119.4%	-$7.2M-1101.5%	$723K-92.6%	$9.8M-1.0%	$9.9M
Net Income	-$30.3M-42.1%	-$21.3M+47.5%	-$40.7M-523.7%	-$6.5M+85.2%	-$44.0M-267.4%	$26.3M
EPS (Diluted)	$-0.22-37.5%	$-0.16+46.7%	$-0.30-500.0%	$-0.05+86.1%	$-0.36-289.5%	$0.19

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Revenue	$251.9M+5.1%	$239.7M+1.5%	$236.1M+6.6%	$221.4M+1.5%	$218.1M+4.4%	$209.0M+1.9%	$205.1M+2.9%	$199.4M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	$61.0M+15.5%	$52.8M+2.9%	$51.4M+24.4%	$41.3M+1.3%	$40.7M+9.9%	$37.1M+7.3%	$34.5M-5.6%	$36.6M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$76.5M+187.6%	$26.6M-12.1%	$30.3M+8.8%	$27.8M-27.9%	$38.6M+37.3%	$28.1M+2.1%	$27.5M-7.0%	$29.6M
Operating Income	-$29.1M-319.3%	$13.3M+60.0%	$8.3M+485.4%	-$2.2M+78.8%	-$10.2M+19.1%	-$12.6M-156.5%	-$4.9M-0.2%	-$4.9M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$167K-74.3%	$651K+163.6%	$247K-69.4%	$806K+1019.4%	$72K+111.8%	$34K-91.6%	$404K-69.1%	$1.3M
Net Income	-$29.5M-377.5%	$10.6M+32.4%	$8.0M+1121.5%	-$785K+93.1%	-$11.4M+13.9%	-$13.2M-168.2%	-$4.9M-189.9%	-$1.7M
EPS (Diluted)	$-0.22-375.0%	$0.08+33.3%	$0.06	N/A	$-0.08+20.0%	$-0.10-150.0%	$-0.04	N/A

INNV Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$526.9M-3.8%	$547.7M-3.5%	$567.4M+2.1%	$555.6M+4.5%	$531.8M+29.8%	$409.6M
Current Assets	$176.1M+1.7%	$173.1M-19.6%	$215.2M-10.7%	$241.0M-4.0%	$250.9M+50.3%	$166.9M
Cash & Equivalents	$64.1M+12.6%	$56.9M-55.2%	$127.2M-31.0%	$184.4M-8.5%	$201.5M+78.4%	$112.9M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$36.4M-24.4%	$48.1M+97.6%	$24.3M-32.2%	$35.9M+10.2%	$32.6M-29.6%	$46.3M
Goodwill	$142.0M+1.5%	$139.9M+12.7%	$124.2M0.0%	$124.2M0.0%	$124.2M+7.0%	$116.1M
Total Liabilities	$263.9M+6.5%	$247.9M-1.9%	$252.6M+25.1%	$201.9M+16.1%	$173.8M-42.4%	$301.9M
Current Liabilities	$164.8M+18.9%	$138.6M-6.6%	$148.4M+41.0%	$105.3M+34.0%	$78.6M+2.5%	$76.6M
Long-Term Debt	$57.5M-6.5%	$61.5M-5.2%	$64.8M-4.9%	$68.2M-4.7%	$71.6M-66.0%	$210.4M
Total Equity	$235.0M-12.7%	$269.3M-9.1%	$296.3M-10.9%	$332.4M-0.7%	$334.6M+231.2%	$101.0M
Retained Earnings	-$101.0M-47.9%	-$68.3M-90.0%	-$35.9M-860.1%	$4.7M-55.7%	$10.7M-83.5%	$64.7M

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Total Assets	$547.4M+3.8%	$527.5M+3.4%	$510.2M-3.2%	$526.9M-1.8%	$536.6M+2.3%	$524.8M-0.6%	$527.7M-3.6%	$547.7M
Current Assets	$202.6M+11.4%	$181.9M+12.5%	$161.7M-8.2%	$176.1M0.0%	$176.2M+4.9%	$168.0M+5.9%	$158.6M-8.4%	$173.1M
Cash & Equivalents	$95.5M+14.8%	$83.2M+23.9%	$67.1M+4.7%	$64.1M+6.1%	$60.5M+31.2%	$46.1M+18.1%	$39.0M-31.5%	$56.9M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$28.6M+34.2%	$21.3M-8.1%	$23.2M-36.3%	$36.4M-18.1%	$44.4M-10.8%	$49.8M+6.5%	$46.7M-2.8%	$48.1M
Goodwill	$142.0M0.0%	$142.0M0.0%	$142.0M0.0%	$142.0M0.0%	$142.0M+1.5%	$139.9M0.0%	$139.9M0.0%	$139.9M
Total Liabilities	$288.5M+20.9%	$238.7M+1.8%	$234.5M-11.2%	$263.9M-1.9%	$268.9M+9.0%	$246.8M+4.1%	$237.0M-4.4%	$247.9M
Current Liabilities	$195.9M+35.4%	$144.7M+4.5%	$138.5M-16.0%	$164.8M-26.9%	$225.3M+55.4%	$145.0M+10.4%	$131.3M-5.2%	$138.6M
Long-Term Debt	$55.4M-1.0%	$56.0M-0.3%	$56.2M-2.3%	$57.5M+3155.8%	$1.8M-97.0%	$59.8M-1.4%	$60.6M-1.4%	$61.5M
Total Equity	$229.0M-10.8%	$256.8M+4.8%	$245.0M+4.3%	$235.0M-1.3%	$238.0M-4.2%	$248.5M-4.8%	$260.9M-3.1%	$269.3M
Retained Earnings	-$111.9M-35.7%	-$82.4M+11.4%	-$93.0M+7.9%	-$101.0M-3.3%	-$97.8M-13.2%	-$86.5M-18.1%	-$73.2M-7.2%	-$68.3M

INNV Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$32.9M+189.1%	-$36.9M-282.3%	$20.2M-25.9%	$27.3M+461.7%	-$7.5M-117.2%	$43.8M
Capital Expenditures	$6.3M-20.9%	$7.9M-66.1%	$23.4M-38.9%	$38.2M+118.0%	$17.5M+48.1%	$11.8M
Free Cash Flow	$26.6M+159.4%	-$44.8M-1337.2%	-$3.1M+71.5%	-$10.9M+56.4%	-$25.1M-178.4%	$32.0M
Investing Cash Flow	-$5.5M+79.0%	-$26.4M+62.1%	-$69.5M-72.8%	-$40.2M-105.9%	-$19.5M-67.1%	-$11.7M
Financing Cash Flow	-$19.1M-171.3%	-$7.0M+10.9%	-$7.9M-25.0%	-$6.3M-105.4%	$116.2M+447.4%	$21.2M
Dividends Paid	N/A	N/A	N/A	N/A	$9.5M	N/A
Share Buybacks	N/A	N/A	N/A	N/A	$77.6M	N/A

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Operating Cash Flow	$18.1M-15.1%	$21.4M+444.4%	$3.9M-56.4%	$9.0M-63.5%	$24.6M+264.7%	$6.8M+189.8%	-$7.5M-501.3%	$1.9M
Capital Expenditures	$3.6M+52.5%	$2.4M-42.0%	$4.1M+2377.7%	-$179K-106.2%	$2.9M+115.9%	$1.3M-39.0%	$2.2M-33.4%	$3.3M
Free Cash Flow	$14.5M-23.5%	$19.0M+12517.0%	-$153K-101.7%	$8.8M-59.4%	$21.7M+301.6%	$5.4M+155.7%	-$9.7M-578.5%	-$1.4M
Investing Cash Flow	-$3.8M-30.8%	-$2.9M-256.9%	-$814K-183.4%	$976K+112.0%	-$8.1M-284.9%	$4.4M+257.7%	-$2.8M-398.7%	$934K
Financing Cash Flow	-$2.0M+16.4%	-$2.4M-21718.2%	-$11K+99.8%	-$5.2M-147.9%	-$2.1M+48.3%	-$4.1M+46.3%	-$7.6M-17422.7%	$44K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

INNV Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	18.0%+0.7pp	17.3%+2.6pp	14.7%-4.7pp	19.4%	N/A	N/A
Operating Margin	-3.5%-0.5pp	-3.0%+4.2pp	-7.2%-6.6pp	-0.6%+1.3pp	-1.9%-10.9pp	9.0%
Net Margin	-3.5%-0.8pp	-2.8%+3.1pp	-5.9%-5.0pp	-0.9%+6.0pp	-6.9%-11.5pp	4.6%
Return on Equity	-12.9%-5.0pp	-7.9%+5.8pp	-13.7%-11.8pp	-2.0%+11.2pp	-13.2%-39.2pp	26.0%
Return on Assets	-5.8%-1.9pp	-3.9%+3.3pp	-7.2%-6.0pp	-1.2%+7.1pp	-8.3%-14.7pp	6.4%
Current Ratio	1.07-0.2	1.25-0.2	1.45-0.8	2.29-0.9	3.19+1.0	2.18
Debt-to-Equity	0.24+0.0	0.230.0	0.22+0.0	0.210.0	0.21-1.9	2.08
FCF Margin	3.1%+9.0pp	-5.9%-5.4pp	-0.4%+1.1pp	-1.6%+2.4pp	-3.9%-9.6pp	5.6%

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Gross Margin	24.2%+2.2pp	22.0%+0.3pp	21.8%+3.1pp	18.6%-0.0pp	18.7%+0.9pp	17.7%+0.9pp	16.8%-1.5pp	18.3%
Operating Margin	-11.5%-17.1pp	5.5%+2.0pp	3.5%+4.5pp	-1.0%+3.7pp	-4.7%+1.3pp	-6.0%-3.6pp	-2.4%+0.1pp	-2.5%
Net Margin	-11.7%-16.1pp	4.4%+1.0pp	3.4%+3.8pp	-0.4%+4.9pp	-5.2%+1.1pp	-6.3%-3.9pp	-2.4%-1.6pp	-0.9%
Return on Equity	-12.9%-17.0pp	4.1%+0.9pp	3.3%+3.6pp	-0.3%+4.4pp	-4.8%+0.5pp	-5.3%-3.4pp	-1.9%-1.3pp	-0.6%
Return on Assets	-5.4%-7.4pp	2.0%+0.4pp	1.6%+1.7pp	-0.1%+2.0pp	-2.1%+0.4pp	-2.5%-1.6pp	-0.9%-0.6pp	-0.3%
Current Ratio	1.03-0.2	1.26+0.1	1.17+0.1	1.07+0.3	0.78-0.4	1.16-0.0	1.21-0.0	1.25
Debt-to-Equity	0.24+0.0	0.22-0.0	0.23-0.0	0.24+0.2	0.01-0.2	0.240.0	0.230.0	0.23
FCF Margin	5.8%-2.2pp	7.9%+8.0pp	-0.1%-4.0pp	4.0%-6.0pp	10.0%+7.4pp	2.6%+7.3pp	-4.7%-4.0pp	-0.7%

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Frequently Asked Questions

What is Innovage Holding Corp.'s annual revenue?

Innovage Holding Corp. (INNV) reported $853.7M in total revenue for fiscal year 2025. This represents a 11.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Innovage Holding Corp.'s revenue growing?

Innovage Holding Corp. (INNV) revenue grew by 11.8% year-over-year, from $763.9M to $853.7M in fiscal year 2025.

Is Innovage Holding Corp. profitable?

No, Innovage Holding Corp. (INNV) reported a net income of -$30.3M in fiscal year 2025, with a net profit margin of -3.5%.

What is Innovage Holding Corp.'s EBITDA?

Innovage Holding Corp. (INNV) had EBITDA of -$10.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Innovage Holding Corp. have?

As of fiscal year 2025, Innovage Holding Corp. (INNV) had $64.1M in cash and equivalents against $57.5M in long-term debt.

What is Innovage Holding Corp.'s gross margin?

Innovage Holding Corp. (INNV) had a gross margin of 18.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Innovage Holding Corp.'s operating margin?

Innovage Holding Corp. (INNV) had an operating margin of -3.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Innovage Holding Corp.'s net profit margin?

Innovage Holding Corp. (INNV) had a net profit margin of -3.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Innovage Holding Corp.'s return on equity (ROE)?

Innovage Holding Corp. (INNV) has a return on equity of -12.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Innovage Holding Corp.'s free cash flow?

Innovage Holding Corp. (INNV) generated $26.6M in free cash flow during fiscal year 2025. This represents a 159.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Innovage Holding Corp.'s operating cash flow?

Innovage Holding Corp. (INNV) generated $32.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Innovage Holding Corp.'s total assets?

Innovage Holding Corp. (INNV) had $526.9M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Innovage Holding Corp.'s capital expenditures?

Innovage Holding Corp. (INNV) invested $6.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Innovage Holding Corp. have outstanding?

Innovage Holding Corp. (INNV) had 135M shares outstanding as of fiscal year 2025.

What is Innovage Holding Corp.'s current ratio?

Innovage Holding Corp. (INNV) had a current ratio of 1.07 as of fiscal year 2025, which is considered adequate.

What is Innovage Holding Corp.'s debt-to-equity ratio?

Innovage Holding Corp. (INNV) had a debt-to-equity ratio of 0.24 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Innovage Holding Corp.'s return on assets (ROA)?

Innovage Holding Corp. (INNV) had a return on assets of -5.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Innovage Holding Corp.'s Altman Z-Score?

Innovage Holding Corp. (INNV) has an Altman Z-Score of 4.86, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Innovage Holding Corp.'s Piotroski F-Score?

Innovage Holding Corp. (INNV) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Innovage Holding Corp.'s earnings high quality?

Innovage Holding Corp. (INNV) has an earnings quality ratio of -1.08x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Innovage Holding Corp.?

Innovage Holding Corp. (INNV) scores 42 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.