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| 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 |