Privia Health (PRVA) Gross Margin (2020 - 2026)
Privia Health (PRVA) recorded quarterly Gross Margin of 98.65% in Q1 2026, little changed quarter-over-quarter from 98.81% in Q4 2025, and up 9.0% on a YoY basis from 90.51% in Q1 2025.
Privia Health (PRVA) Gross Margin (2020 - 2026) Analysis & Trends
Privia Health's Gross Margin history runs 7 years deep, the most recent figure standing at 98.65% for Q1 2026.
- In Q1 2026, Gross Margin rose 9.0% year-over-year to 98.65%; the TTM figure through Mar 2026 stood at 98.74% (up 25.0% YoY), while the FY2025 annual figure was 98.72%, up 24.0% from the prior year.
- Gross Margin was 98.65% for Q1 2026 at Privia Health, roughly flat from 98.81% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 98.81% in Q4 2025 to a low of 98.26% in Q3 2023.
- Historically, Gross Margin has averaged 98.57% across 5 years, with a median of 98.56% in 2022.
- The sharpest annual moves came in 2022 and 2023: Gross Margin surged 352 bps in 2022, then dropped 25 bps in 2023.
- A 5-year view of Gross Margin shows it stood at 98.58% in 2022, then increased by 0 bps to 98.58% in 2023, then grew by 0 bps to 98.6% in 2024, then climbed by 0 bps to 98.81% in 2025, then retreated by 0 bps to 98.65% in 2026.
- The last three Gross Margin figures came in at 98.65% (Q1 2026), 98.81% (Q4 2025), and 98.8% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 24.83 Bn | 17.52 Bn | 662.02 Mn | 74.98% |
| 2 | BrightSpring Health Services | 13.57 Bn | 12.69 Bn | 482.22 Mn | 13.34% |
| 3 | Healthequity | 7.20 Bn | 6.93 Bn | 256.31 Mn | 72.27% |
| 4 | Hinge Health | 5.42 Bn | 5.11 Bn | 154.23 Mn | 84.60% |
| 5 | 10x Genomics | 4.46 Bn | 3.92 Bn | 106.18 Mn | 70.39% |
| 6 | Doximity | 3.81 Bn | 3.06 Bn | 125.97 Mn | 86.65% |
| 7 | Waystar Holding | 3.52 Bn | 3.36 Bn | 268.04 Mn | 85.40% |
| 8 | Privia Health | 2.94 Bn | 2.57 Bn | 595.71 Mn | 98.65% |
| 9 | Omnicell | 1.76 Bn | 1.59 Bn | 140.36 Mn | 45.30% |
| 10 | Teladoc Health | 1.45 Bn | 696.57 Mn | 562.57 Mn | 91.65% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 98.65% |
| Dec 31, 2025 | 98.81% |
| Sep 30, 2025 | 98.80% |
| Jun 30, 2025 | 98.69% |
| Mar 31, 2025 | 98.56% |
| Dec 31, 2024 | 98.60% |
| Sep 30, 2024 | 98.39% |
| Jun 30, 2024 | 98.38% |
| Mar 31, 2024 | 98.53% |
| Dec 31, 2023 | 98.58% |
| Sep 30, 2023 | 98.26% |
| Jun 30, 2023 | 98.56% |
| Mar 31, 2023 | 98.63% |
| Dec 31, 2022 | 98.58% |
| Sep 30, 2022 | 98.52% |
| Jun 30, 2022 | 98.56% |
| Mar 31, 2022 | 98.51% |
| Dec 31, 2021 | 98.62% |
| Sep 30, 2021 | 98.18% |
| Jun 30, 2021 | 95.05% |