InnovAge Holding (INNV) Operating Expenses (2020 - 2026)

InnovAge Holding (INNV) reported Operating Expenses of $281.0 million for Q1 2026, up 23.09% on a YoY basis from $228.3 million in Q1 2025, and up 24.1% quarter-over-quarter from $226.4 million in Q4 2025.

InnovAge Holding (INNV) Operating Expenses (2020 - 2026) Analysis & Trends

InnovAge Holding has reported Operating Expenses for 7 years, with the latest figure at $281.0 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses rose 23.09% year-over-year to $281.0 million; the trailing twelve-month figure through Mar 2026 stood at $958.9 million (up 10.96% YoY), and the FY2025 full-year result was $883.5 million, up 12.25% from the prior year.
  • Operating Expenses for Q1 2026 stood at $281.0 million, up from $226.4 million in the prior quarter.
  • The five-year high for Operating Expenses was $281.0 million in Q1 2026, with the low at $180.7 million in Q1 2023.
  • Historically, Operating Expenses has averaged $206.6 million across 5 years, with a median of $198.9 million in 2024.
  • Annual changes were most pronounced in 2023 — Operating Expenses fell 1.81% — and 2026, when it rose 23.09%.
  • InnovAge Holding's Operating Expenses stood at $181.1 million in 2022, then grew by 5.27% to $190.7 million in 2023, then rose by 16.19% to $221.6 million in 2024, then increased by 2.21% to $226.4 million in 2025, then increased by 24.1% to $281.0 million in 2026.
  • The last three Operating Expenses figures came in at $281.0 million (Q1 2026), $226.4 million (Q4 2025), and $227.8 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 HCA Healthcare 83.85 Bn 86.23 Bn 16.26 Bn 16.82 Bn
2 Tenet Healthcare 14.98 Bn 14.15 Bn 4.41 Bn 27.00 Mn
3 Davita 13.99 Bn 14.84 Bn 1.07 Bn 2.93 Bn
4 Encompass Health 9.72 Bn 10.34 Bn 1.34 Bn 1.29 Bn
5 Ensign 8.90 Bn 8.31 Bn 293.37 Mn 1.26 Bn
6 Universal Health Services 8.59 Bn 8.55 Bn 3.21 Bn 3.99 Bn
7 Fresenius Medical Care AG 7.67 Bn 5.29 Bn -4.26 Bn 820.65 Mn
8 Chemed 5.97 Bn 5.96 Bn 215.76 Mn 572.94 Mn
9 Pacs 5.74 Bn 5.50 Bn 345.96 Mn 1.30 Bn
10 InnovAge Holding 1.21 Bn 1.12 Bn 243.20 Mn 281.02 Mn

Historic Data

Download Data
DateValue
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
Jun 30, 2021 160.95 Mn