InnovAge Holding Corp. (INNV) Revenue History
Annual and quarterly revenue from 2019 to 2025
Compound Annual Growth Rate (CAGR)
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INNV Revenue Growth
Revenue Breakdown (FY 2025)
INNV's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
INNV Revenue Analysis (2019–2025)
As of May 8, 2026, InnovAge Holding Corp. (INNV) generated trailing twelve-month (TTM) revenue of $945.9 million, reflecting strong growth of +15.5% year-over-year. The most recent quarter (Q3 2026) recorded $251.9 million in revenue, up 5.1% sequentially.
Looking at the longer-term picture, INNV's 5-year compound annual growth rate (CAGR) stands at +8.5%, indicating steady revenue expansion. The company achieved its highest annual revenue of $853.7 million in 2025, representing a new all-time high.
Revenue diversification analysis shows INNV's business is primarily driven by Other Operating Segment (100%). With over half of revenue concentrated in Other Operating Segment, the company maintains significant focus in this area while developing other growth vectors.
When compared to Healthcare sector peers including ALHC (+41.8% YoY), OSCR (+31.9% YoY), and ENSG (+19.2% YoY), INNV has underperformed the peer group in terms of revenue growth. Compare INNV vs ALHC →
INNV Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| INNVCurrent | $946M | +15.5% | +8.5% | -3.5% | |
 ALHC | $3.9B | +41.8% | +32.7% | 0.4% | |
 OSCR | $11.7B | +31.9% | +81.8% | -3.4% | |
 ENSG | $5.1B | +19.2% | +16.1% | 8.6% | |
 CCRN | $1.1B | -39.5% | +4.7% | -0.3% | |
 UNH | $447.6B | +9.7% | +11.7% | 4.2% |
INNV Historical Revenue Data (2019–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $853.7M | +11.8% | $584.8M | 68.5% | $-29,761,000 | -3.5% |
| 2024 | $763.9M | +11.0% | $132.1M | 17.3% | $-23,180,000 | -3.0% |
| 2023 | $688.1M | -1.5% | $101.3M | 14.7% | $-49,395,000 | -7.2% |
| 2022 | $698.6M | +9.5% | $135.4M | 19.4% | $-4,406,000 | -0.6% |
| 2021 | $637.8M | +12.4% | $161.8M | 25.4% | $74.8M | 11.7% |
| 2020 | $567.2M | +21.8% | $141.3M | 24.9% | $50.9M | 9.0% |
| 2019 | $465.6M | - | $110.6M | 23.8% | $39.7M | 8.5% |
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Start ComparisonINNV — Frequently Asked Questions
Quick answers to the most common questions about buying INNV stock.
Is INNV's revenue growth accelerating or slowing?
INNV revenue is accelerating at +15.5% year-over-year, exceeding the 5-year CAGR of +8.5%. TTM revenue reached $946M. Growth momentum has increased versus prior periods.
What is INNV's long-term revenue growth rate?
InnovAge Holding Corp.'s 5-year revenue CAGR of +8.5% reflects the sustained expansion pattern. Current YoY growth of +15.5% is above this long-term average.
How is INNV's revenue distributed by segment?
INNV reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2019-2025 are available for download. Segment mix reveals concentration and diversification trends.