Privia Health Q1 Revenue Jumps 25.8% to $603.8 M with EBITDA Up 36.3%
Privia Health’s Q1 2026 revenue rose 25.8% to $603.8 M with non-GAAP adjusted net income up 22.3% to $24.3 M, while operating income jumped 42.2% to $7.4 M. Practice collections reached $914.8 M (+14.6%), adjusted EBITDA rose 36.3% to $36.7 M, and updated guidance raised attributed lives to 1.600 M–1.625 M.
1. Q1 Financial Performance
In the first quarter ended March 31, 2026, Privia Health generated $603.8 million in revenue, up 25.8% year-over-year, with gross profit rising 21.2% to $125.6 million. Operating income increased 42.2% to $7.4 million, while non-GAAP adjusted net income climbed 22.3% to $24.3 million.
2. Key Operating Metrics
Practice collections grew 14.6% to $914.8 million, and adjusted EBITDA surged 36.3% to $36.7 million. The company added 13.6% more implemented providers, reaching 5,535, and expanded value-based care attributed lives by 26.5% to 1.606 million.
3. Updated Full-Year Guidance
Privia Health maintained full-year guidance for revenue at $2.35–$2.45 billion, practice collections at $3.65–$3.75 billion, care margin and adjusted EBITDA at $145–$155 million, while raising attributed lives forecast to 1.600–1.625 million. Management expects about 80% of adjusted EBITDA to convert to free cash flow.