InnovAge Holding (INNV) Stock Jumps Over 10% After-Hours: Why is it Moving?

InnovAge Holding Corp. (NASDAQ:INNV) shares climbed 10.25% to $11.60 in after-hours trading on Tuesday after the company announced fourth-quarter results, where revenue of $261.95 million surpassed the analyst estimate of $238.28 million by 9.93%.

The Denver-based senior healthcare provider announced financial results for its fiscal fourth quarter and full year ended Jun. 30 after markets closed on Tuesday.

What Does Q4 Data Say

Revenue for the quarter rose approximately 18.3% compared to $221.4 million in the prior-year quarter.

Earnings per share came in at $0.06, missing the estimated $0.08 by 25%.

For the quarter, net income of $9.8 million compared to a net loss of $5.0 million in the prior-year quarter.

Adjusted EBITDA margin for the quarter came in at 9.3%, up from 5.1% a year earlier.

Full Year Performance Shows Sharp Turnaround

Full-year revenue rose approximately 15.9% to $989.7 million, compared to $853.7 million in fiscal 2025.

Net loss of $0.7 million decreased by 98%, compared to a net loss of $35.3 million in the prior year.

Adjusted EBITDA margin for the full year came in at 9.6%, up from 4.0% in fiscal 2025.

For fiscal 2027, InnovAge guided revenue between $1.05 billion and $1.085 billion, with Adjusted EBITDA of $105 million to $115 million.

Trading Metrics, Technical Analysis

InnovAge Holding has a market capitalization of $1.43 billion, a 52-week high of $12.64 and a 52-week low of $3.82.

The Relative Strength Index (RSI) of INNV stands at 41.73.

The stock has gained 146.37% over the past 12 months.

INNV is currently trading about 76% above its 52-week low.

Price Action: In the regular session, the stock fell 2.14% to close at $10.52, according to Benzinga Pro data.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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