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

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

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

InnovAge Holding (INNV) has reported Gross Margin for 7 consecutive years, with 96.53% the latest figure, recorded in Q1 2026.

  • Gross Margin for Q1 2026 came in at 96.53%, down 30.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 75.61% (down 2106.0% YoY), and the FY2025 annual result was 68.5%, down 2823.0% from the prior year.
  • Gross Margin was 96.53% for Q1 2026 at InnovAge Holding, up from 68.76% in the prior quarter.
  • Over five years, Gross Margin peaked at 178.73% in Q2 2023 and troughed at 6.8% in Q2 2022.
  • Average Gross Margin over 5 years is 81.92%, with a median of 71.24% recorded in 2023.
  • Year-over-year, Gross Margin tumbled 8860 bps in 2022 and soared 17193 bps in 2023.
  • Over 5 years, Gross Margin stood at 69.32% in 2022, then climbed by 3 bps to 71.24% in 2023, then surged by 35 bps to 96.31% in 2024, then dropped by 29 bps to 68.76% in 2025, then jumped by 40 bps to 96.53% in 2026.
  • Per Business Quant data, the three most recent Gross Margin figures were 96.53% in Q1 2026, 68.76% in Q4 2025, and 67.86% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 HCA Healthcare 87.94 Bn 90.32 Bn 16.26 Bn 85.07%
2 Chemed 18.08 Bn 18.07 Bn 215.76 Mn 32.82%
3 Tenet Healthcare 16.59 Bn 15.76 Bn 4.41 Bn 82.10%
4 Davita 15.37 Bn 16.23 Bn 1.07 Bn 31.42%
5 Encompass Health 10.07 Bn 10.70 Bn 1.34 Bn 84.75%
6 Ensign 9.52 Bn 8.93 Bn 293.37 Mn 21.12%
7 Universal Health Services 9.19 Bn 9.15 Bn 3.21 Bn 71.44%
8 Pacs 6.96 Bn 6.72 Bn 345.96 Mn 24.35%
9 Ww International 6.14 Bn 5.98 Bn -149.29 Mn 74.36%
10 InnovAge Holding 1.59 Bn 1.50 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%