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

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

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

InnovAge Holding (INNV) has reported Operating Expenses for 7 consecutive years, with $281.0 million the latest figure, recorded in Q1 2026.

  • Operating Expenses for Q1 2026 came in at $281.0 million, up 23.09% year-over-year; the trailing twelve-month figure through Mar 2026 was $958.9 million (up 10.96% YoY), and the FY2025 annual result was $883.5 million, up 12.25% from the prior year.
  • Operating Expenses was $281.0 million for Q1 2026 at InnovAge Holding, up from $226.4 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $281.0 million in Q1 2026 and troughed at $180.7 million in Q1 2023.
  • Average Operating Expenses over 5 years is $206.6 million, with a median of $198.9 million recorded in 2024.
  • Year-over-year, Operating Expenses decreased 1.81% in 2023 and advanced 23.09% in 2026.
  • Over 5 years, Operating Expenses stood at $181.1 million in 2022, then gained by 5.27% to $190.7 million in 2023, then climbed by 16.19% to $221.6 million in 2024, then advanced by 2.21% to $226.4 million in 2025, then advanced by 24.1% to $281.0 million in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $281.0 million in Q1 2026, $226.4 million in Q4 2025, and $227.8 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 HCA Healthcare 87.94 Bn 90.32 Bn 16.26 Bn 16.82 Bn
2 Chemed 18.08 Bn 18.07 Bn 215.76 Mn 572.94 Mn
3 Tenet Healthcare 16.59 Bn 15.76 Bn 4.41 Bn 27.00 Mn
4 Davita 15.37 Bn 16.23 Bn 1.07 Bn 2.93 Bn
5 Encompass Health 10.07 Bn 10.70 Bn 1.34 Bn 1.29 Bn
6 Ensign 9.52 Bn 8.93 Bn 293.37 Mn 1.26 Bn
7 Universal Health Services 9.19 Bn 9.15 Bn 3.21 Bn 3.99 Bn
8 Pacs 6.96 Bn 6.72 Bn 345.96 Mn 1.30 Bn
9 Ww International 6.14 Bn 5.98 Bn -149.29 Mn -25.79 Mn
10 InnovAge Holding 1.59 Bn 1.50 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