InnovAge releases transcript of fiscal 2026 fourth-quarter and year-end earnings call
INNV•Fiscal 2027 guidance and rate outlook
Management guided for fiscal 2027 ending census of 8,625 to 8,850, revenue of $1.05 billion to $1.085 billion, and adjusted EBITDA of $105 million to $115 million.
Management also flagged a 1.5% to 2% expected Medicare net rate increase, with California and Colorado rate-setting still pending for most of the census.
Fiscal 2026 fourth-quarter and year-end earnings call remarks
InnovAge released remarks from its fiscal 2026 fourth-quarter and year-end earnings call, attended by CEO Patrick Blair, CFO Ben Adams and IR director Ryan Kubota.
- Adjusted EBITDA rose to $94.6 million from $34.5 million.
- Net loss narrowed to $830,400 from $35.3 million.
- Year-end census reached about 8,230 across 20 centers.
- Revenue climbed 15.9% to $989.7 million.
