← Privia Health Group, Inc.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||
| Net Income From Continuing Operations | — | — | — | ($12.1m) | $21.0m | $17.0m | $29.7m | — | |
| Net Income (Loss) Attributable to Parent | $7.9m | $31.2m | ($188.2m) | ($8.6m) | $23.1m | $14.4m | $22.9m | — | |
| Adjustments to reconcile profit (loss) | — | $48.4m | $16.9m | $3.0m | $26.6m | $25.9m | $38.2m | $36.8m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | $30.9m | ($190.6m) | ($12.1m) | $21.0m | $17.0m | $29.7m | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | ($340k) | ($2.4m) | ($3.5m) | ($2.1m) | $2.7m | $6.8m | — | |
| Depreciation, Depletion and Amortization | $784k | $1.8m | $2.5m | $4.6m | $6.5m | $7.3m | $9.9m | $22.1m | |
| Depreciation | $784k | $1.2m | $1.2m | $1.2m | $1.2m | $1.1m | $739k | $22.1m | |
| Amortization of Debt Issuance Costs | — | $100k | $200k | $700k | $0 | — | — | — | |
| Amortization of Intangible Assets | — | $642k | $1.3m | $3.4m | $5.4m | $6.2m | $9.2m | — | |
| Amortization of intangibles | $643k | $642k | $1.3m | $3.4m | $5.4m | $6.2m | $9.2m | — | |
| Amortization Cash Flow | — | — | — | $3.4m | $5.4m | $6.2m | $9.2m | — | |
| Depreciation Amortization Depletion | — | — | — | $4.6m | $6.5m | $7.3m | $9.9m | — | |
| Deferred Income Tax Expense (Benefit) | — | ($7.8m) | ($28.4m) | ($7.0m) | $7.5m | $8.8m | $10.9m | — | |
| Deferred income taxes | $716k | ($7.8m) | ($28.4m) | ($7.0m) | $7.5m | $8.8m | $10.9m | — | |
| Deferred taxes | — | ($3.2m) | ($3.8m) | ($3.0m) | ($6.8m) | ($256k) | $1.5m | ($1.5m) | |
| Deferred Income Tax | — | — | — | ($7.0m) | $7.5m | $8.8m | $10.9m | — | |
| Deferred Tax | — | — | — | ($7.0m) | $7.5m | $8.8m | $10.9m | — | |
| Share-based Payment Arrangement, Noncash Expense | — | $484k | $253.5m | $67.4m | $37.1m | $56.7m | $71.1m | — | |
| Share-based Payment Arrangement, Expense | — | $484k | $253.5m | $67.4m | $37.1m | $56.7m | $71.1m | — | |
| Goodwill, Impairment Loss | — | $0 | $0 | $0 | — | — | — | — | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | $0 | $0 | $0 | — | — | — | — | |
| Share-based compensation | — | $2.9m | $5.6m | $3.3m | $6.7m | $4.9m | $4.0m | $5.5m | |
| Impairment of goodwill and intangibles | — | — | — | — | — | $0 | $5.1m | $41.1m | |
| Share-based compensation granted on business acquisition | — | $0 | ($1.3m) | $0 | — | — | — | — | |
| Income Tax Expense (Benefit) | — | ($7.4m) | ($27.9m) | ($6.5m) | $8.0m | $10.8m | $14.2m | — | |
| Operating lease liabilities | $0 | $0 | $13.9m | ($2.4m) | ($3.2m) | ($2.7m) | ($2.5m) | — | |
| Loss on disposal of property and equipment, intangible and lease modification | — | $0 | $218k | $0 | $3.7m | $1.5m | $150k | $515k | |
| Changes in operating assets and liabilities: | |||||||||
| Changes in non-cash working capital items | — | $5.7m | ($86k) | ($1.1m) | $2.3m | ($10.2m) | $10.2m | ($11.0m) | |
| Additional Financial Items | |||||||||
| Increase (Decrease) in Accounts Receivable | — | $21.8m | $14.6m | $72.2m | $96.9m | $19.8m | $36.7m | — | |
| Increase (Decrease) in Accounts Payable | — | — | — | — | $5.0m | $19.9m | $14.8m | — | |
| Proceeds from Stock Options Exercised | — | $108k | $3.8m | $13.4m | $8.7m | $2.7m | $8.0m | — | |
| General and Administrative Expense | — | $44.0m | $255.9m | $129.6m | $109.6m | $126.2m | $138.2m | — | |
| Goodwill | — | $118.7m | $127.9m | $126.9m | $138.7m | $141.6m | $209.8m | — | |
| Nonoperating Income (Expense) | — | — | — | — | — | $10.9m | $9.7m | — | |
| Operating Expenses | — | $791.7m | $1.2b | $1.4b | $1.6b | $1.7b | $2.1b | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | $817.1m | $966.2m | $1.4b | $1.7b | $1.7b | $2.1b | — | |
| Stock-based compensation | $207k | $484k | $253.5m | $67.4m | $37.1m | $56.7m | $71.1m | — | |
| Accounts receivable, net | ($6.2m) | ($21.8m) | ($14.6m) | ($72.2m) | ($96.9m) | ($19.8m) | ($36.7m) | — | |
| Prepaid expenses and other current assets | ($151k) | ($962k) | ($1.3m) | ($5.7m) | ($6.2m) | ($9.0m) | ($1.6m) | — | |
| Other non-current assets and right-of-use assets | ($2.4m) | $1.2m | ($9.7m) | $1.4m | ($2.4m) | ($1.7m) | ($326k) | — | |
| Accounts payable and accrued expenses | $2.1m | $9.7m | $1.3m | $6.9m | $5.0m | $19.9m | $14.8m | — | |
| Provider liability | — | $24.5m | $33.9m | $67.7m | $113.4m | $32.9m | $65.6m | — | |
| Other long-term liabilities | $4.8m | $672k | ($5.5m) | ($2.0m) | ($1.0m) | ($160k) | $2.4m | — | |
| Acquisitions, net of cash acquired | $0 | $0 | ($32.2m) | $0 | ($42.9m) | ($7.0m) | ($180.4m) | — | |
| Other | — | $0 | ($138k) | ($104k) | ($113k) | ($5.0m) | ($1.2m) | — | |
| Repurchase of non-controlling interest | — | — | $0 | $0 | ($5.7m) | $0 | $0 | — | |
| Proceeds from non-controlling interest | — | $0 | $0 | $125k | $659k | $1.7m | $0 | — | |
| Distribution to non-controlling interest | — | — | — | — | $0 | $0 | ($1.3m) | — | |
| Proceeds from exercised stock options | $0 | $108k | $3.8m | $13.4m | $8.7m | $2.7m | $8.0m | — | |
| Leases liabilities obtained in exchange for right-of-use assets | — | — | — | — | $0 | $0 | $6.4m | — | |
| Net (loss) earnings | — | ($39.7m) | ($17.3m) | ($15.5m) | ($30.1m) | ($16.7m) | $1.3m | ($38.8m) | |
| Change in fair value of contingent consideration | — | — | — | $0 | $9.2m | ($3.8m) | ($5.6m) | ($2.1m) | |
| Net financial expenses | — | $231k | $242k | $4.6m | $9.3m | $11.9m | $8.9m | $9.5m | |
| Unrealized foreign exchange loss (gain) | — | $273k | $1.3m | $299k | ($318k) | $153k | ($966k) | $1.0m | |
| Cash settlement of RSUs, DSUs and PSUs | — | — | — | — | — | ($371k) | ($264k) | $0 | |
| Additions to intangibles | — | ($49k) | ($166k) | ($1.4m) | ($849k) | ($41k) | ($239k) | ($316k) | |
| Advances on the Credit Facility, net of related transaction costs | — | $64.1m | $53.5m | $156.8m | $98.7m | $148.3m | $102.7m | $61.4m | |
| Repayment of the Credit Facility | — | ($54.4m) | ($49.9m) | ($146.5m) | ($97.5m) | ($159.1m) | ($110.3m) | ($50.8m) | |
| Repayment of secured loans | — | — | — | — | — | — | ($8.5m) | $0 | |
| Repayment of balances of purchase price payable | — | — | — | — | — | — | ($4.3m) | ($7.7m) | |
| Repayment of lease liabilities, including lease termination costs | — | ($1.8m) | ($1.4m) | ($2.7m) | ($3.7m) | ($5.8m) | ($4.6m) | ($3.8m) | |
| Exercise of stock options | — | $165k | $300k | $299k | $346k | $6k | $0 | $100k | |
| Shares purchased for settlement of RSUs | — | — | $0 | $0 | ($29k) | $0 | ($148k) | ($205k) | |
| Shares purchased for cancellation | — | — | $0 | ($1.2m) | ($1.0m) | ($953k) | ($402k) | ($5.2m) | |
| Financial expenses paid | — | — | — | $3.5m | $8.1m | ($11.0m) | ($8.0m) | ($8.1m) | |
| Cash, beginning of year | — | ($4.0m) | ($1.9m) | $10.8m | $4.9m | ($13.7m) | $7.1m | ($3.1m) | |
| Cash, end of year | — | $12.8m | $8.8m | $17.7m | $17.7m | $8.9m | $16.0m | $12.8m | |
| Settlement of RSUs | — | — | — | — | $0 | ($371k) | — | — | |
| Forgiveness of PPP loans | — | $0 | ($1.9m) | ($5.9m) | $0 | — | — | — | |
| Loss on disposal of intangibles | — | $28.0m | $0 | $262k | $0 | — | — | — | |
| Right-of-use assets | — | $222k | $0 | ($132k) | $0 | — | — | — | |
| Proceeds from issuing shares | — | — | — | $24.7m | $0 | — | — | — | |
| Lease incentives | — | $0 | $917k | $0 | — | — | — | — | |
| Interest accretion on balances of purchase payable | — | $318k | $835k | $823k | — | — | — | — | |
| Gain on sale of subsidiary | — | ($681k) | $0 | — | — | — | — | — | |
| Short-term deposits | — | $1.3m | $0 | — | — | — | — | — | |
| Line of credit and demand loan drawn (repaid) | — | ($3.2m) | $0 | — | — | — | — | — | |
| Beginning Cash Position | — | — | — | $320.6m | $348.0m | $389.5m | $491.1m | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | ($19.7m) | $3.7m | $4.3m | $6.7m | — | |
| Cash Flow From Continuing Investing Activities | — | — | — | ($104k) | ($43.0m) | ($12.0m) | ($181.6m) | — | |
| Change In Other Current Assets | — | — | — | $1.4m | ($2.4m) | ($1.7m) | ($326k) | — | |
| Change In Other Current Liabilities | — | — | — | $63.3m | $109.1m | $30.1m | $65.6m | — | |
| Change In Payables And Accrued Expense | — | — | — | $6.9m | $5.0m | $19.9m | $14.8m | — | |
| Change In Prepaid Assets | — | — | — | ($5.7m) | ($6.2m) | ($9.0m) | ($1.6m) | — | |
| Change In Receivables | — | — | — | ($72.2m) | ($96.9m) | ($19.8m) | ($36.7m) | — | |
| Change In Working Capital | — | — | — | ($6.4m) | $8.7m | $19.5m | $41.8m | — | |
| Changes In Account Receivables | — | — | — | ($72.2m) | ($96.9m) | ($19.8m) | ($36.7m) | — | |
| Changes In Cash | — | — | — | $27.4m | $41.5m | $101.6m | ($11.5m) | — | |
| End Cash Position | — | — | — | $348.0m | $389.5m | $491.1m | $479.7m | — | |
| Financing Cash Flow | — | — | — | ($19.7m) | $3.7m | $4.3m | $6.7m | — | |
| Free Cash Flow | — | — | — | $47.2m | $80.8m | $109.3m | $163.4m | — | |
| Investing Cash Flow | — | — | — | ($104k) | ($43.0m) | ($12.0m) | ($181.6m) | — | |
| Issuance Of Capital Stock | — | — | $223.7m | $0 | $0 | — | — | — | |
| Net Business Purchase And Sale | — | — | — | $0 | ($42.9m) | ($7.0m) | ($180.4m) | — | |
| Net PPE Purchase And Sale | — | — | ($547k) | ($104k) | ($113k) | — | — | — | |
| Other Non Cash Items | — | — | $157k | $687k | — | — | — | — | |
| Proceeds From Stock Option Exercised | — | — | — | $13.4m | $8.7m | $2.7m | $8.0m | — | |
| Purchase Of Business | — | — | — | $0 | ($42.9m) | ($7.0m) | ($180.4m) | — | |
| Purchase Of PPE | — | — | ($547k) | ($104k) | ($113k) | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $24.4m | $38.9m | $55.1m | $47.2m | $80.8m | $109.3m | $163.4m | $25.8m | |
| Cash flows from investing activities: | |||||||||
| Payments to Acquire Property, Plant, and Equipment | — | $380k | $547k | $104k | $113k | ($746k) | ($1.2m) | ($1.4m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | $0 | $32.2m | $0 | $42.9m | $7.0m | $180.4m | — | |
| Business acquisitions, net of cash acquired | — | ($15.2m) | $0 | ($15.7m) | ($14.4m) | $0 | ($6.4m) | ($10.9m) | |
| Business divestiture, cash disposed | — | — | — | — | — | — | $0 | ($951k) | |
| Payments for (Proceeds from) Other Investing Activities | — | — | — | — | — | $5.0m | $1.2m | — | |
| Net Other Investing Changes | — | — | — | ($104k) | ($113k) | ($5.0m) | ($1.2m) | — | |
| Net Cash Provided by (Used in) Investing Activities | ($5.7m) | ($380k) | ($32.8m) | ($104k) | ($43.0m) | ($12.0m) | ($181.6m) | ($13.6m) | |
| Cash flows from financing activities: | |||||||||
| Issuance Of Debt | — | — | $0 | $0 | — | — | — | — | |
| Net Issuance Payments Of Debt | — | — | ($875k) | ($33.2m) | $0 | $0 | — | — | |
| Net Long Term Debt Issuance | — | — | ($875k) | ($33.2m) | $0 | $0 | — | — | |
| Net Short Term Debt Issuance | — | — | $0 | $0 | — | — | — | — | |
| Short Term Debt Issuance | — | — | $0 | $0 | — | — | — | — | |
| Realized foreign exchange (gain) loss on repayment of long-term debt | — | $81k | ($879k) | ($250k) | $861k | ($26k) | $580k | ($604k) | |
| Repayment of other long-term debt | — | — | — | — | — | — | ($450k) | ($350k) | |
| Long Term Debt Payments | — | — | ($875k) | ($33.2m) | $0 | $0 | — | — | |
| Repayment Of Debt | — | — | ($875k) | ($33.2m) | $0 | $0 | — | — | |
| Short Term Debt Payments | — | — | $0 | $0 | — | — | — | — | |
| Common Stock Issuance | — | — | $223.7m | $0 | $0 | — | — | — | |
| Net Common Stock Issuance | — | — | $223.7m | $0 | $0 | — | — | — | |
| Proceeds from Noncontrolling Interests | — | — | — | $125k | $659k | $1.7m | $0 | — | |
| Net Other Financing Charges | — | — | — | $125k | ($5.0m) | $1.7m | ($1.3m) | — | |
| Net cash (used in) from financing activities | — | $4.9m | $3.4m | $27.9m | ($11.3m) | — | — | — | |
| Net Cash Provided by (Used in) Financing Activities | ($10.9m) | ($767k) | $213.7m | ($19.7m) | $3.7m | $4.3m | $6.7m | ($14.7m) | |
| Effect of exchange rate changes on cash | — | $579k | ($308k) | ($77k) | $1.1m | ($29k) | $636k | ($596k) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | $37.7m | $235.9m | $27.4m | $41.5m | $101.6m | ($11.5m) | — | |
| Net (decrease) increase in cash and cash equivalents | $7.8m | $37.7m | $235.9m | $27.4m | $41.5m | $101.6m | ($11.5m) | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $84.6m | $320.6m | $348.0m | $389.5m | $491.1m | $479.7m | — | |
| Cash and cash equivalents at beginning of period | $46.9m | $84.6m | $320.6m | $348.0m | $389.5m | $491.1m | $479.7m | — | |
| Restricted cash | — | $47k | ($1.0m) | ($21k) | $3.3m | $0 | — | — | |
| Supplemental disclosure of cash flow information: | |||||||||
| Change In Cash Supplemental As Reported | — | — | — | $27.4m | $41.5m | $101.6m | ($11.5m) | — | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $9.2m | $1.9m | $888k | $713k | $40k | $285k | $251k | — | |
| Income Taxes Paid, Net | $316k | $381k | $504k | $307k | $1.0m | $3.8m | $6.6m | ($72k) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.