← InnovAge Holding Corp.

Annual Trend FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash and cash equivalents $137.4m $112.9m $201.5m $184.4m $127.2m $56.9m $64.1m
Short-term investments — — — $0 $46.2m $45.8m $41.8m
Accounts receivable, net of allowance ($— – June 30, 2025 and $6,729 – June 30, 2024) $120.1m $46.3m $32.6m $35.9m $24.3m $48.1m $36.4m
Prepaid expenses — $4.3m $9.2m $13.8m $17.1m $18.9m $24.5m
Income tax receivable — $1.7m $5.4m $6.8m $262k $3.3m $3.3m
Prepaid expenses and other current assets $11.6m $13.8m $165.4m $115.2m $78.7m $28.4m $23.6m
Loan receivables - related parties $500k — — — — — —
Total current assets $269.5m $166.9m $250.9m $241.0m $215.2m $173.1m $176.1m
Property and equipment, net $736k $102.5m $142.7m $176.3m $192.2m $193.0m $168.0m
Goodwill — $116.1m $124.2m $124.2m $124.2m $139.9m $142.0m
Other intangible assets, net — $5.2m $6.5m $5.9m $5.2m $4.5m $3.9m
Intangible assets, net $195k $239.6m $235.9m $419.1m $412.2m $405.3m —
Long term deposits and other assets $2.8m $1.4m $1.2m $953k $726k $906k $1.7m
Restricted cash — $1.7m $2.2m $17k $16k $14k $11k
Assets held for sale — — — — — $0 $6.0m
Operating lease assets — — — $0 $21.2m $28.4m $26.9m
Investments $5.0m $2.6m $2.6m $5.5m $5.5m $2.6m $0
Deposits and other — $3.0m $3.9m $2.8m $3.8m $5.9m $9.9m
Reported and estimated claims — $30.3m $33.2m $38.5m $43.0m $55.4m $59.0m
Due to Medicaid and Medicare — $12.2m $7.1m $9.1m $9.1m $15.2m $14.4m
Current portion of finance lease obligations — $1.5m $2.1m $3.4m $4.7m $4.6m $5.2m
Current portion of operating lease obligations — — — $0 $3.5m $4.1m $4.7m
Liabilities held for sale — — — — — $0 $2.5m
Finance lease obligations — $4.1m $5.2m $9.4m $13.1m $12.7m $7.5m
Operating lease obligations — — — $0 $18.8m $26.3m $23.9m
Retained deficit $152.8m $64.7m $11.2m $4.7m ($35.9m) ($68.3m) ($101.0m)
Due from a related party — — — — $710k — $200k
Investment in marketable security — — $38.8m $40.5m $31.5m $37.6m $8.6m
Deferred tax assets $474k $5.7m $4.4m $4.3m $7.4m $7.5m $37.3m
Deferred revenue $40.3m $49.6m $65.4m $93.4m $97.6m $80.2m $50.5m
Income tax payable $8.4m $8.6m $8.3m $13.5m $13.0m $11.3m $10.9m
Accrued expenses and other current liabilities $6.9m $12.4m $16.2m $13.3m $27.6m $6.8m $9.7m
Shares to be issued — $200.1m $128.1m $33.9m $30.8m $20.8m $20.8m
Statutory reserves $12.1m $18.4m $31.8m $39.2m $44.7m $50.7m $34.1m
Amounts due from related parties $7k $7k $1.1m $1.1m $355k — —
Bank loan — — — $5.0m — — —
Contingent consideration – earn-out liability — $92.2m $10.6m $4.3m — — —
Warrant liabilities — $29.6m $10.3m $166k — — —
Ordinary share, no par value, unlimited Class A ordinary shares and Class B ordinary shares authorized, 28,219,583 Class A ordinary shares and 2,625,058 Class B ordinary shares issued and outstanding as of December 31, 2021, respectively. 36,684,668 Class A ordinary shares and 2,925,058 Class B ordinary shares issued and outstanding as of December 31, 2022, respectively — 200.1m — — — — —
Class A ordinary shares — ($96.3m) $140.2m $396.9m — — —
Deferred IPO costs $1.3m — — — — — —
Loan payables - related parties $5.5m — — — — — —
Amounts due to related parties $8.5m $7k $1.1m $1.1m $355k — —
Ordinary share, no par value, unlimited shares authorized, 19,400,000 and 27,037,302 shares issued and outstanding as of December 31, 2019 and 2020, respectively 9.7m (96.3m) — — — — —
Total noncurrent assets $10.5m $242.7m $280.8m $314.6m $352.1m $374.5m $350.7m
Total InnovAge Holding Corp. $174.5m $101.0m $335.1m $332.4m $296.3m $269.3m $235.0m
Total stockholders’ equity — $107.8m $358.0m $338.5m $302.1m $277.6m $237.9m
Total non-current liabilities — $74.8m $58.7m $74.0m $64.6m $59.1m $10.4m
Total assets $280.0m $409.6m $531.8m $555.6m $567.4m $547.7m $526.9m
Total liabilities and stockholders’ equity $280.0m $409.6m $531.8m $555.6m $567.4m $547.7m $526.9m
Accounts payable and accrued expenses — $28.9m $32.4m $50.6m $54.9m $55.5m $76.8m
Current portion of long-term debt — $1.9m $3.8m $3.8m $3.8m $3.8m $2.2m
Accounts payable $27.2m $67.1m $85.8m $116.3m $73.2m $36.0m $16.7m
Accrued salary and employee benefits $8.7m $18.1m $24.5m $12.4m $14.8m $22.3m $15.2m
Total current liabilities $105.5m $76.6m $78.6m $105.3m $148.4m $138.6m $164.8m
Deferred tax liability, net — $9.3m $15.7m $17.8m $6.2m $7.5m $8.8m
Other noncurrent liabilities — $1.4m $2.8m $1.1m $1.1m $1.3m $1.5m
Long-term debt, net of debt issuance costs — $210.4m $71.6m $68.2m $64.8m $61.5m $57.5m
Total liabilities $105.5m $301.9m $173.8m $201.9m $252.6m $247.9m $263.9m
Redeemable Noncontrolling Interest (See Note 4) — — $17.0m $15.3m $12.7m $22.2m $25.0m
Common stock, $0.001 par value; 500,000,000 authorized as of each of June 30, 2025 and 2024; 136,903,271 issued and 135,440,292 outstanding as of June 30, 2025 and 136,152,858 issued and 136,116,299 outstanding as of June 30, 2024. — $133k $136k $136k $136k $136k $137k
Treasury stock at cost, 1,462,979 and 36,559 shares as of June 30, 2025 and June 30, 2024, respectively — — — — $0 ($179k) ($7.5m)
Additional paid-in capital — $36.3m $323.8m $327.5m $332.1m $337.6m $343.4m
Accumulated other comprehensive income — $14.8m $17.1m $18.1m $18.0m $17.0m $12.9m
Treasury stocks — — — ($16.5m) ($19.2m) — —
Noncontrolling interests — $6.7m $22.8m $6.1m $5.8m $8.3m $2.9m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.