InnovAge Holding (INNV) Operating Expenses (2020 - 2026)
InnovAge Holding (INNV) reported Operating Expenses of $251.81 million for fiscal Q4 2026 (quarter ended Jun 30, 2026), up 12.6% from $223.57 million a year earlier but down 10.4% from the prior quarter.
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Analysis
InnovAge Holding (INNV) Operating Expenses (2020 - 2026) Analysis & Trends
For FY2026 (ended Jun 30, 2026), InnovAge Holding posted Operating Expenses of $987.09 million, up 11.7% from FY2025.
- Operating Expenses has increased for six consecutive fiscal years, with a five-year compound annual growth rate of 8.7% (FY2021 to FY2026).
- By fiscal year, Operating Expenses came in at $883.46 million in FY2025 (+12.3%), $787.04 million in FY2024 (+6.7%), $737.48 million in FY2023 (+4.9%) and $703.05 million in FY2022 (+8.1%).
- Five-year quarterly Operating Expenses spans a low of $161.41 million in fiscal Q1 2022 and a high of $281.02 million in fiscal Q3 2026.
- Year over year, Operating Expenses has now increased in each of the last 13 quarters, with growth averaging 11.9% over the last eight quarters.
- The high point for year-over-year Operating Expenses in five years was fiscal Q2 2022 (growth of 26.0%); the low point was fiscal Q1 2022 (a decline of 15.4%).
- Per Business Quant data, the three fiscal quarters before Q4 2026 came in at $281.02 million (Q3 2026), $226.45 million (Q2 2026) and $227.82 million (Q1 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 94.29 Bn | 93.74 Bn | - | 17.74 Bn |
| 2 | Natera | 59.14 Bn | 54.82 Bn | 485.19 Mn | 828.54 Mn |
| 3 | Quest Diagnostics | 26.23 Bn | 24.66 Bn | 1.03 Bn | 2.58 Bn |
| 4 | Labcorp Holdings | 25.04 Bn | 22.81 Bn | 1.11 Bn | 582.30 Mn |
| 5 | Guardant Health | 23.69 Bn | 19.76 Bn | 219.03 Mn | 464.10 Mn |
| 6 | Tenet Healthcare | 20.77 Bn | 11.92 Bn | - | - |
| 7 | Tempus AI | 14.91 Bn | 11.94 Bn | 246.50 Mn | 458.40 Mn |
| 8 | Encompass Health | 12.24 Bn | 12.70 Bn | - | 1.31 Bn |
| 9 | Davita | 11.39 Bn | 10.15 Bn | 1.16 Bn | 2.98 Bn |
| 10 | InnovAge Holding | 1.21 Bn | 723.94 Mn | 178.30 Mn | 251.81 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 251.81 Mn |
| Mar 31, 2026 | 281.02 Mn |
| Dec 31, 2025 | 226.45 Mn |
| Sep 30, 2025 | 227.82 Mn |
| Jun 30, 2025 | 223.57 Mn |
| Mar 31, 2025 | 228.30 Mn |
| Dec 31, 2024 | 221.56 Mn |
| Sep 30, 2024 | 210.04 Mn |
| Jun 30, 2024 | 204.28 Mn |
| Mar 31, 2024 | 198.86 Mn |
| Dec 31, 2023 | 190.68 Mn |
| Sep 30, 2023 | 193.20 Mn |
| Jun 30, 2023 | 187.82 Mn |
| Mar 31, 2023 | 180.71 Mn |
| Dec 31, 2022 | 181.14 Mn |
| Sep 30, 2022 | 187.82 Mn |
| Jun 30, 2022 | 185.21 Mn |
| Mar 31, 2022 | 184.03 Mn |
| Dec 31, 2021 | 172.40 Mn |
| Sep 30, 2021 | 161.41 Mn |
API Access
InnovAge Holding Operating Expenses 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=operating-expenses&ticker=INNV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "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=operating-expenses&ticker=INNV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();