InnovAge Holding (INNV) Operating Expenses (2020 - 2026)
InnovAge Holding posted quarterly Operating Expenses of $281.0 million for Q1 2026, up 23.09% year-on-year from $228.3 million in Q1 2025, and up 24.1% on a QoQ basis from $226.4 million in Q4 2025.
InnovAge Holding (INNV) has 7 years of Operating Expenses data on file, last reported 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.
- Across five years, Operating Expenses topped out at $281.0 million in Q1 2026 and bottomed at $180.7 million in Q1 2023.
- The 5-year median for Operating Expenses is $198.9 million (2024), against an average of $206.6 million.
- The widest annual swing landed in 2023, when Operating Expenses fell 1.81%; it then rose 23.09% in 2026.
- A 5-year view of Operating Expenses shows it stood at $181.1 million in 2022, then increased by 5.27% to $190.7 million in 2023, then gained by 16.19% to $221.6 million in 2024, then rose by 2.21% to $226.4 million in 2025, then rose 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 | 84.64 Bn | 87.02 Bn | 16.26 Bn | 16.82 Bn |
| 2 | Tenet Healthcare | 15.22 Bn | 14.39 Bn | 4.41 Bn | 27.00 Mn |
| 3 | Davita | 13.10 Bn | 13.96 Bn | 1.07 Bn | 2.93 Bn |
| 4 | Encompass Health | 10.50 Bn | 11.12 Bn | 1.34 Bn | 1.29 Bn |
| 5 | Ensign | 9.69 Bn | 9.09 Bn | 293.37 Mn | 1.26 Bn |
| 6 | Universal Health Services | 8.92 Bn | 8.88 Bn | 3.21 Bn | 3.99 Bn |
| 7 | Fresenius Medical Care AG | 7.31 Bn | 4.93 Bn | 22,843.10 Bn | 820.65 Mn |
| 8 | Chemed | 5.83 Bn | 5.81 Bn | 215.76 Mn | 572.94 Mn |
| 9 | Pacs | 5.76 Bn | 5.51 Bn | 345.96 Mn | 1.30 Bn |
| 10 | InnovAge Holding | 1.03 Bn | 938.20 Mn | 243.20 Mn | 281.02 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Mar 31, 2021 | 161.67 Mn |
| Dec 31, 2020 | 136.77 Mn |
| Sep 30, 2020 | 190.75 Mn |
| Jun 30, 2020 | 132.32 Mn |
| Mar 31, 2020 | 131.80 Mn |