Growth Metrics

InnovAge Holding (INNV) Free Cash Flow (2020 - 2026)

InnovAge Holding posted quarterly Free Cash Flow of $14.5 million for Q1 2026, down 33.1% year-on-year from $21.7 million in Q1 2025, and down 23.48% on a QoQ basis from $19.0 million in Q4 2025.

InnovAge Holding (INNV) has 7 years of Free Cash Flow data on file, last reported at $14.5 million in Q1 2026.

  • For the quarter ending Q1 2026, Free Cash Flow fell 33.1% year-over-year to $14.5 million; the trailing twelve-month figure through Mar 2026 stood at $42.6 million (up 166.16% YoY), and the FY2025 full-year result was $26.6 million, up 159.37% from the prior year.
  • Free Cash Flow for Q1 2026 stood at $14.5 million, down from $19.0 million in the prior quarter.
  • Across five years, Free Cash Flow topped out at $24.4 million in Q1 2023 and bottomed at -$42.1 million in Q4 2022.
  • The 5-year median for Free Cash Flow is $3.1 million (2024), against an average of -$1.1 million.
  • The widest annual swing landed in 2022, when Free Cash Flow plunged 1868.94%; it then jumped 741.06% in 2025.
  • A 5-year view of Free Cash Flow shows it stood at -$42.1 million in 2022, then surged by 74.15% to -$10.9 million in 2023, then jumped by 149.72% to $5.4 million in 2024, then jumped by 251.16% to $19.0 million in 2025, then decreased by 23.48% to $14.5 million in 2026.
  • The last three Free Cash Flow figures came in at $14.5 million (Q1 2026), $19.0 million (Q4 2025), and -$153000.0 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 HCA Healthcare 84.64 Bn 87.02 Bn 16.26 Bn 895.00 Mn
2 Tenet Healthcare 15.22 Bn 14.39 Bn 4.41 Bn 1.46 Bn
3 Davita 13.10 Bn 13.96 Bn 1.07 Bn 218.81 Mn
4 Encompass Health 10.50 Bn 11.12 Bn 1.34 Bn 150.70 Mn
5 Ensign 9.69 Bn 9.09 Bn 293.37 Mn 90.18 Mn
6 Universal Health Services 8.92 Bn 8.88 Bn 3.21 Bn 184.47 Mn
7 Fresenius Medical Care AG 7.31 Bn 4.93 Bn 22,843.10 Bn 1.65 Bn
8 Chemed 5.83 Bn 5.81 Bn 215.76 Mn 71.10 Mn
9 Pacs 5.76 Bn 5.51 Bn 345.96 Mn 149.82 Mn
10 InnovAge Holding 1.03 Bn 938.20 Mn 243.20 Mn 14.54 Mn

Historic Data

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DateValue
Mar 31, 2026 14.54 Mn
Mar 31, 2026 14.54 Mn
Dec 31, 2025 19.00 Mn
Dec 31, 2025 19.00 Mn
Sep 30, 2025 -153,000.00
Sep 30, 2025 -153,000.00
Jun 30, 2025 9.18 Mn
Jun 30, 2025 9.18 Mn
Mar 31, 2025 21.73 Mn
Mar 31, 2025 21.73 Mn
Dec 31, 2024 5.41 Mn
Dec 31, 2024 5.41 Mn
Sep 30, 2024 -9.72 Mn
Sep 30, 2024 -9.72 Mn
Jun 30, 2024 -1.43 Mn
Jun 30, 2024 -1.43 Mn
Mar 31, 2024 3.06 Mn
Mar 31, 2024 3.06 Mn
Dec 31, 2023 -10.88 Mn
Dec 31, 2023 -10.88 Mn
Sep 30, 2023 -35.56 Mn
Sep 30, 2023 -35.56 Mn
Jun 30, 2023 9.13 Mn
Jun 30, 2023 9.13 Mn
Mar 31, 2023 24.38 Mn
Mar 31, 2023 24.38 Mn
Dec 31, 2022 -42.08 Mn
Dec 31, 2022 -42.08 Mn
Sep 30, 2022 5.46 Mn
Sep 30, 2022 5.46 Mn
Jun 30, 2022 -14.85 Mn
Jun 30, 2022 -14.85 Mn
Mar 31, 2022 -15.98 Mn
Mar 31, 2022 -15.98 Mn
Dec 31, 2021 2.38 Mn
Dec 31, 2021 2.38 Mn
Sep 30, 2021 17.52 Mn
Sep 30, 2021 17.52 Mn
Jun 30, 2021 6.02 Mn
Jun 30, 2021 6.02 Mn
Mar 31, 2021 -18.90 Mn
Mar 31, 2021 -18.90 Mn
Dec 31, 2020 10.48 Mn
Dec 31, 2020 10.48 Mn
Sep 30, 2020 -22.69 Mn
Sep 30, 2020 -22.69 Mn
Jun 30, 2020 21.05 Mn
Jun 30, 2020 21.05 Mn