InnovAge Holding Corp
InnovAge Holding Corp. manages and provides a range of medical and ancillary services for seniors in need of care and support to live independently in its homes and communities. It manages its business through Program of All-Inclusive Care for the Elderly (PACE) approach. The company also offers in-home care services consisting of skilled, unskilled, and personal care; in-center services, such as… Read more
InnovAge Holding Corp (INNV) - Net Assets
Latest net assets as of September 2025: $275.77 Million USD
Based on the latest financial reports, InnovAge Holding Corp (INNV) has net assets worth $275.77 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($510.23 Million) and total liabilities ($234.47 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $275.77 Million |
| % of Total Assets | 54.05% |
| Annual Growth Rate | N/A |
| 5-Year Change | -26.55% |
| 10-Year Change | N/A |
| Growth Volatility | 2940.61 |
InnovAge Holding Corp - Net Assets Trend (2015–2025)
This chart illustrates how InnovAge Holding Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for InnovAge Holding Corp (2015–2025)
The table below shows the annual net assets of InnovAge Holding Corp from 2015 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | $262.91 Million | -12.31% |
| 2024-06-30 | $299.81 Million | 0.00% |
| 2023-06-30 | $299.81 Million | -15.25% |
| 2022-06-30 | $353.74 Million | -1.18% |
| 2021-06-30 | $357.96 Million | +232.22% |
| 2020-06-30 | $107.75 Million | +32.30% |
| 2019-06-30 | $81.44 Million | +8919.62% |
| 2018-06-30 | $902.94K | -17.46% |
| 2017-06-30 | $1.09 Million | +345.10% |
| 2016-06-30 | $-446.34K | -4.76% |
| 2015-06-30 | $-426.05K | -- |
Equity Component Analysis
This analysis shows how different components contribute to InnovAge Holding Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 8981503300.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $137.00K | 0.06% |
| Other Components | $335.88 Million | 142.95% |
| Total Equity | $234.97 Million | 100.00% |
InnovAge Holding Corp Competitors by Market Cap
The table below lists competitors of InnovAge Holding Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Seche Environnem.
PA:SCHP
|
$182.20 Million |
|
Vicore Pharma Holding AB (publ)
ST:VICO
|
$182.21 Million |
|
Hampidjan hf
IC:HAMP
|
$182.38 Million |
|
PHC Holdings Corporation
PINK:PHCCF
|
$182.38 Million |
|
Humacyte Inc
NASDAQ:HUMA
|
$182.16 Million |
|
Global Indemnity Group, LLC Class A Common Stock
NASDAQ:GBLI
|
$182.12 Million |
|
Linhai Co Ltd
SHG:600099
|
$182.06 Million |
|
Dutch Lady Milk Industries Bhd
KLSE:3026
|
$182.02 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in InnovAge Holding Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 269,261,000 to 234,968,000, a change of -34,293,000 (-12.7%).
- Net loss of 30,313,000 reduced equity.
- Share repurchases of 7,321,000 reduced equity.
- Other factors increased equity by 3,341,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-30.31 Million | -12.9% |
| Share Repurchases | $7.32 Million | -3.12% |
| Other Changes | $3.34 Million | +1.42% |
| Total Change | $- | -12.74% |
Book Value vs Market Value Analysis
This analysis compares InnovAge Holding Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 4.91x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 15.29x to 4.91x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-06-30 | $0.56 | $8.52 | x |
| 2020-06-30 | $0.76 | $8.52 | x |
| 2021-06-30 | $2.47 | $8.52 | x |
| 2022-06-30 | $2.45 | $8.52 | x |
| 2023-06-30 | $1.99 | $8.52 | x |
| 2024-06-30 | $1.98 | $8.52 | x |
| 2025-06-30 | $1.74 | $8.52 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently InnovAge Holding Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -12.90%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -3.55%
- • Asset Turnover: 1.53x
- • Equity Multiplier: 2.37x
- Recent ROE (-12.90%) is above the historical average (-179.22%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 0.00% | -468.59% | 0.49x | 0.00x | $-4.78 Million |
| 2016 | 0.00% | -571.23% | 0.12x | 0.00x | $-4.16 Million |
| 2017 | -1252.42% | -284.34% | 0.59x | 7.52x | $-13.81 Million |
| 2018 | -720.32% | -73.77% | 0.98x | 10.00x | $-6.59 Million |
| 2019 | 26.39% | 4.20% | 1.28x | 4.90x | $12.16 Million |
| 2020 | 26.01% | 4.63% | 1.38x | 4.06x | $16.18 Million |
| 2021 | -13.15% | -6.90% | 1.18x | 1.61x | $-77.44 Million |
| 2022 | -1.96% | -0.93% | 1.24x | 1.69x | $-39.76 Million |
| 2023 | -15.11% | -5.91% | 1.26x | 2.03x | $-67.60 Million |
| 2024 | -7.92% | -2.79% | 1.32x | 2.15x | $-48.26 Million |
| 2025 | -12.90% | -3.55% | 1.53x | 2.37x | $-53.81 Million |
Industry Comparison
This section compares InnovAge Holding Corp's net assets metrics with peer companies in the Medical Care Facilities industry.
Industry Context
- Industry: Medical Care Facilities
- Average net assets among peers: $250,407,165
- Average return on equity (ROE) among peers: -38.80%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| InnovAge Holding Corp (INNV) | $275.77 Million | 0.00% | 0.85x | $182.19 Million |
| Addus HomeCare Corporation (ADUS) | $113.86 Million | 16.82% | 0.44x | $1.75 Billion |
| agilon health Inc (AGL) | $126.73 Million | -319.84% | 9.03x | $166.17 Million |
| Airsculpt Technologies Inc (AIRS) | $123.68 Million | 6.13% | 0.45x | $16.62 Million |
| Amedisys Inc (AMED) | $454.23 Million | -18.40% | 0.61x | $3.26 Billion |
| AMN Healthcare Services Inc (AMN) | $347.86 Million | 23.54% | 1.53x | $624.22 Million |
| American Shared Hospital Service (AMS) | $20.85 Million | 8.48% | 1.33x | $7.93 Million |
| American Oncology Network Inc. (AONC) | $226.04 Million | -0.05% | 0.10x | $112.23 Million |
| Ardent Health Partners, Inc. (ARDT) | $1.08 Billion | 4.65% | 3.71x | $225.22 Million |
| Arem Pacific Corporation (ARPC) | $-45.09K | 0.00% | 0.00x | $246.12K |
| Astrana Health Inc (ASTH) | $8.55 Million | -109.27% | 1.29x | $1.08 Billion |