# InnovAge Holding share price today (InnovAge Holding Corp., INNV)

> InnovAge Holding Corp.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. INNV · Healthcare · Medical Care Facilities · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/innv

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## Key numbers

- Price: $8.85 (+97.1% in a year)
- P/E: 145.4×, against its own history
- Revenue (Jun 2026): $262 M (+18.3% on a year ago)
- Profit (Jun 2026): $8.3 M
- Operating margin: 5.0% (−0.9 points on a year ago)
- ROE: −1%, FY26

Biggest thing to watch: margins are the best this company has ever reported. Every ratio looks better at a record, so the story depends on margins staying high. ## What is the InnovAge Holding share price today? InnovAge Holding Corp.'s share price was $8.85 at the close on 3 November 2026. That is 2.7% below its average price over the last 200 trading days. In the last 52 weeks it traded between $5 and $12, and at that close it sat 56% of the way up from that low. Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 7 weeks running. Over the last 1 year the share price moved +114% while the S&P 500 moved +21%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 18 September 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does InnovAge Holding pay? InnovAge Holding Corp. pays no dividend. In the last 12 reported quarters it declared no dividend per share, so there is no payout history to chart and no yield to show. Companies like this usually keep their earnings in the business, so the cash-flow sections show where that cash goes. ## Which stock lists is InnovAge Holding on? InnovAge Holding is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list. ## Is InnovAge Holding profitable? InnovAge Holding Corp. earned $8.3 M of net profit in the Jun 2026 quarter. The full FY26 year was a loss of $2.5 M. That is 3.2% of the quarter's revenue. The same quarter a year earlier lost $785 K. 9 of the last 12 reported quarters were loss-making. ## How much revenue does InnovAge Holding make, and is it growing? InnovAge Holding Corp. reported $262 M of revenue in the Jun 2026 quarter, +18.3% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 5 years it has grown 9.2% a year on average. The last full year, FY26, came in at $990 M. The last four reported quarters add to $990 M. FY26 revenue was $990 M, +15.9% on the year before. Recent pace: the last four quarters grew +15.9% on average, against 9.2% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +15.9%, against +13.8% a year over the last 8 quarters (stabilising). ## How much of every $100 of sales does InnovAge Holding keep? InnovAge Holding Corp.'s operating margin was 5.0% in the Jun 2026 quarter, 0.9 percentage points lower than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 6 years it has been between −7.2% and 0.6%. The latest quarter is above every full year in that period. Why the margin moved: operating margin changed −0.9 percentage points on the year while gross margin changed +0.6 points. So the drop came mostly from the gross margin, which means input costs and prices charged. When margins are at a record, every ratio built on profit looks better than usual, so watch whether they hold. ## Is InnovAge Holding's profit turning into cash? InnovAge Holding Corp.'s cash-flow history is too short to judge how much of its profit turns into cash. In FY26 it brought in $64.7 M of operating cash against −$2.5 M of profit. After $14.3 M of spending on assets, $50.4 M was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does InnovAge Holding's cash go? InnovAge Holding Corp. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $28.5 M on assets over the last 3 years. Averaged over those years that is 1.0% of FY26 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: $28.5 M over the last 3 years. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is InnovAge Holding's P/E ratio, and how does it compare with its own history? InnovAge Holding Corp.'s P/E is 145.4×, with too little history to compare. This compares the share price with the company’s own past. It does not say what the business is worth. In short: there is too little history to say whether the multiple is high or low for this company, so the earnings trend underneath matters more than the multiple. ## Is the InnovAge Holding business getting better or worse? InnovAge Holding Corp.'s business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 12 quarters of 2 measures, with some gaps. Why it matters: with too little history, we say so rather than guess a direction. There are fewer than eight usable quarters, so this page does not guess a direction from so little history. ## How much does InnovAge Holding earn on its capital? InnovAge Holding Corp. earned a ROE of −1% in FY26. That is up from a low of −13% in FY21. Its return on capital used (ROIC) is 3.2 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a −0.3% net margin and 1.78× asset turnover (sales divided by assets). Why the return is what it is (FY26): a −0.3% net margin × 1.78× asset turnover × 2.07× leverage (assets divided by equity) ≈ −1.1% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 8.3% − 5.1% = +3.2 percentage points. The 5.1% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. Positive but thin: it creates value with little room for error. The 8.3% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at −6.3%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does InnovAge Holding have too much debt? InnovAge Holding Corp. has total debt of $87.0 M against shareholder equity of $269 M as of Jun 2026, so its debt is 0.32× its equity. Year by year, that ratio went from 0.24 in FY21 to 0.32 in FY26. Keep that borrowing in mind when reading the returns on this page. ## What is the InnovAge Holding shareholding pattern? 3.3% of InnovAge Holding Corp.'s tradable shares are in short positions, which are bets that the price will fall, so some traders are betting against it. At normal trading volumes, closing those positions would take about 1.4 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is InnovAge Holding from balance-sheet trouble? For InnovAge Holding Corp., the Z-score is 3.32. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is well clear of danger. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of 3.32 is well clear of the danger zone, so the balance sheet is not the risk here. ## How does InnovAge Holding rank in its industry? There is no score against its industry: InnovAge Holding Corp. is not among the largest members shown in this industry comparison for Medical Care Facilities. The score ranks a company within its industry: each measure is scored against the other members. Without that group there is no score, so none is shown. ## Which companies is InnovAge Holding compared with? No sector comparison is shown here, not among the largest members shown in this industry comparison. ## Which companies are close to InnovAge Holding in size? InnovAge Holding is the 31st largest of 38 Medical Care Facilities companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: The Pennant Group, Inc., U.S. Physical Therapy, Inc. and Nutex Health Inc. Just below it: GMR Solutions Inc., The Oncology Institute, Inc. and Charming Medical. ### Medical Care Facilities companies close in size

1. [The Pennant Group, Inc.](https://www.sectoralpha.in/us/stocks/pntg) $1.4 billion
2. [U.S. Physical Therapy, Inc.](https://www.sectoralpha.in/us/stocks/usph) $1.3 billion
3. [Nutex Health Inc.](https://www.sectoralpha.in/us/stocks/nutx) $1.2 billion
4. InnovAge Holding Corp. $1.2 billion
5. [GMR Solutions Inc.](https://www.sectoralpha.in/us/stocks/gmrs) $885 million
6. [The Oncology Institute, Inc.](https://www.sectoralpha.in/us/stocks/toi) $646 million
7. [Charming Medical Limited](https://www.sectoralpha.in/us/stocks/mcta) $504 million

[All 38 Medical Care Facilities companies, largest first](https://www.sectoralpha.in/us/sectors/medical-care-facilities#all-companies)

### Companies close in size in other industries

1. [Amprius Technologies, Inc.](https://www.sectoralpha.in/us/stocks/ampx) $1.2 billion · Electrical Equipment & Parts
2. [Bristow Group Inc.](https://www.sectoralpha.in/us/stocks/vtol) $1.2 billion · Oil & Gas Equipment & Services
3. InnovAge Holding Corp. $1.2 billion
4. [Upwork Inc.](https://www.sectoralpha.in/us/stocks/upwk) $1.2 billion · Internet Content & Information
5. [GoodRx Holdings, Inc.](https://www.sectoralpha.in/us/stocks/gdrx) $1.2 billion · Health Information Services

## What else do people ask about InnovAge Holding? ### What were InnovAge Holding's latest quarterly results? InnovAge Holding Corp. reported revenue of $262 M and net profit of $8.3 M for the Jun 2026 quarter. Earnings per share were $0.06. The operating margin was 5.0%, 0.9 percentage points lower than a year earlier (as of 3 November 2026). ### What is InnovAge Holding's market cap? InnovAge Holding Corp.'s market capitalisation is $1.2 B at a stock price of $8.85. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is InnovAge Holding performing? InnovAge Holding Corp.'s latest readings are below. Over the past 13 weeks it has done worse than the S&P 500, for 7 weeks running. This describes what the data did, not a rating (as of 3 November 2026). ### Will InnovAge Holding's stock price go up? This page does not forecast InnovAge Holding Corp.'s stock price. What it shows instead: the stock price is $8.85. Nobody can reliably say which way a price will move, and this site does not try (as of 3 November 2026). ### Does InnovAge Holding have too much debt? No, InnovAge Holding Corp. has little debt: its debt is 0.29× its equity. A year-by-year history of its borrowings is not in our data, so this uses the latest reading. So the returns on this page come from the business, not borrowed money (as of 3 November 2026). ### Where is InnovAge Holding in its business cycle? InnovAge Holding Corp.'s FY26 operating margin was 0.6%, against a 6-year range of −7.2% to 0.6%: the top of its range, a record year. When profit is at a record, every ratio looks better than usual, and the story depends on margins staying high. The latest quarter was 5.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the InnovAge Holding story? Biggest thing to watch: margins are the best this company has ever reported. Every ratio looks better at a record, so the story depends on margins staying high. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is InnovAge Holding a stock worth studying right now? What the numbers show: InnovAge Holding Corp.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: the next one or two quarters of results. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). This is research, not advice. We’re not SEBI-registered.