InnovAge Holding (INNV) Gross Margin (2020 - 2026)

InnovAge Holding (INNV) reported Gross Margin of 96.53% for Q1 2026, down 30.0% on a YoY basis from 137.9% in Q1 2025, and up 40.39% quarter-over-quarter from 68.76% in Q4 2025.

InnovAge Holding (INNV) Gross Margin (2020 - 2026) Analysis & Trends

InnovAge Holding has reported Gross Margin for 7 years, with the latest figure at 96.53% in Q1 2026.

  • For the quarter ending Q1 2026, Gross Margin fell 30.0% year-over-year to 96.53%; the trailing twelve-month figure through Mar 2026 stood at 75.61% (down 2106.0% YoY), and the FY2025 full-year result was 68.5%, down 2823.0% from the prior year.
  • Gross Margin for Q1 2026 stood at 96.53%, up from 68.76% in the prior quarter.
  • The five-year high for Gross Margin was 178.73% in Q2 2023, with the low at 6.8% in Q2 2022.
  • Historically, Gross Margin has averaged 81.92% across 5 years, with a median of 71.24% in 2023.
  • Annual changes were most pronounced in 2022 — Gross Margin sank 8860 bps — and 2023, when it jumped 17193 bps.
  • InnovAge Holding's Gross Margin stood at 69.32% in 2022, then rose by 3 bps to 71.24% in 2023, then surged by 35 bps to 96.31% in 2024, then retreated by 29 bps to 68.76% in 2025, then jumped by 40 bps to 96.53% in 2026.
  • The last three Gross Margin figures came in at 96.53% (Q1 2026), 68.76% (Q4 2025), and 67.86% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 HCA Healthcare 83.85 Bn 86.23 Bn 16.26 Bn 85.07%
2 Tenet Healthcare 14.98 Bn 14.15 Bn 4.41 Bn 82.10%
3 Davita 13.99 Bn 14.84 Bn 1.07 Bn 31.42%
4 Encompass Health 9.72 Bn 10.34 Bn 1.34 Bn 84.75%
5 Ensign 8.90 Bn 8.31 Bn 293.37 Mn 21.12%
6 Universal Health Services 8.59 Bn 8.55 Bn 3.21 Bn 71.44%
7 Fresenius Medical Care AG 7.67 Bn 5.29 Bn -4.26 Bn -18,654.20%
8 Chemed 5.97 Bn 5.96 Bn 215.76 Mn 32.82%
9 Pacs 5.74 Bn 5.50 Bn 345.96 Mn 24.35%
10 InnovAge Holding 1.21 Bn 1.12 Bn 243.20 Mn 96.53%

Historic Data

Download Data
DateValue
Mar 31, 2026 96.53%
Dec 31, 2025 68.76%
Sep 30, 2025 67.86%
Jun 30, 2025 67.50%
Mar 31, 2025 96.83%
Dec 31, 2024 96.31%
Sep 30, 2024 96.84%
Jun 30, 2024 96.72%
Mar 31, 2024 69.40%
Dec 31, 2023 71.24%
Sep 30, 2023 69.72%
Jun 30, 2023 178.73%
Mar 31, 2023 68.73%
Dec 31, 2022 69.32%
Sep 30, 2022 97.42%
Jun 30, 2022 6.80%
Mar 31, 2022 74.01%
Dec 31, 2021 75.53%
Sep 30, 2021 76.47%
Jun 30, 2021 95.40%