InnovAge Holding (INNV) Cost of Revenue (2020 - 2026)
InnovAge Holding's Cost of Revenue was $85.5 million in fiscal Q1 2027 (quarter ended Sep 30, 2026), up 12.7% from $75.89 million a year earlier and up 2.2% from the prior quarter.
InnovAge Holding (INNV) Cost of Revenue (2020 - 2026) Analysis & Trends
On a trailing twelve-month basis, InnovAge Holding's Cost of Revenue was $321.71 million through Sep 30, 2026, up 14.3% year-over-year; for FY2026 (ended Jun 30, 2026), it came in at $312.1 million, up 16.1% from FY2025.
- Cost of Revenue has now increased for six consecutive fiscal years, with a five-year compound annual growth rate of 15.1% (FY2021 to FY2026).
- In earlier fiscal years, Cost of Revenue was $268.91 million in FY2025 (+17.5%), $228.78 million in FY2024 (+7.8%), $212.27 million in FY2023 (+17.8%) and $180.22 million in FY2022 (+16.7%).
- The fiscal Q1 2027 figure marks the highest quarterly Cost of Revenue in data going back to fiscal Q3 2020.
- Compared with a year earlier, Cost of Revenue has increased for 21 straight quarters, with growth averaging 16.6% over the last eight quarters.
- The year-over-year growth in Cost of Revenue has ranged between 3.2% (fiscal Q1 2024) and 31.5% (fiscal Q1 2023) over the last five years.
- Per Business Quant data, INNV's Cost of Revenue in the three fiscal quarters before Q1 2027 was $83.65 million (Q4 2026), $77.68 million (Q3 2026) and $74.88 million (Q2 2026).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 106.37 Bn | 104.21 Bn | 17.03 Bn | 2.82 Bn |
| 2 | Natera | 45.03 Bn | 40.66 Bn | 513.47 Mn | 280.51 Mn |
| 3 | Labcorp Holdings | 30.12 Bn | 28.22 Bn | 1.11 Bn | 2.70 Bn |
| 4 | Quest Diagnostics | 28.44 Bn | 26.52 Bn | 1.04 Bn | 2.06 Bn |
| 5 | Guardant Health | 20.93 Bn | 16.54 Bn | 236.15 Mn | 124.82 Mn |
| 6 | BrightSpring Health Services | 14.41 Bn | 11.29 Bn | 518.55 Mn | 278.27 Mn |
| 7 | Tempus AI | 14.27 Bn | 11.42 Bn | 266.70 Mn | 144.84 Mn |
| 8 | Encompass Health | 13.98 Bn | 14.44 Bn | 1.54 Bn | 65.00 Mn |
| 9 | Davita | 11.35 Bn | 10.22 Bn | 1.13 Bn | 2.45 Bn |
| 10 | InnovAge Holding | 1.28 Bn | 741.03 Mn | 179.26 Mn | 85.50 Mn |
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 85.50 Mn |
| Jun 30, 2026 | 83.65 Mn |
| Mar 31, 2026 | 77.68 Mn |
| Dec 31, 2025 | 74.88 Mn |
| Sep 30, 2025 | 75.89 Mn |
| Jun 30, 2025 | 71.96 Mn |
| Mar 31, 2025 | 69.50 Mn |
| Dec 31, 2024 | 64.06 Mn |
| Sep 30, 2024 | 63.39 Mn |
| Jun 30, 2024 | 60.13 Mn |
| Mar 31, 2024 | 59.08 Mn |
| Dec 31, 2023 | 54.32 Mn |
| Sep 30, 2023 | 55.25 Mn |
| Jun 30, 2023 | 53.39 Mn |
| Mar 31, 2023 | 53.95 Mn |
| Dec 31, 2022 | 51.38 Mn |
| Sep 30, 2022 | 53.56 Mn |
| Jun 30, 2022 | 50.48 Mn |
| Mar 31, 2022 | 46.10 Mn |
| Dec 31, 2021 | 42.91 Mn |
InnovAge Holding Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=INNV&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "INNV", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()
const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=INNV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();