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| 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 |