InnovAge Holding Corp. (INNV) intrinsic value & 10-year financials
InnovAge Holding Corp. (INNV) has a Graham intrinsic value of $4.02 per share. At $8.85 on Oct 17, 2026, the stock trades 120% above that value. Over the last 7 fiscal years revenue grew 8.5% a year to $853.7M, with an average return on invested capital of -4.1%.
- Graham intrinsic value
- $4.02
- Share price (Oct 17, 2026)
- $8.85
- Price vs Graham value
- 120% above
- Market cap
- $1.2B
- Revenue (FY2025)
- $853.7M
- Revenue growth (7-yr CAGR)
- 8.5%
- ROIC (10-yr avg)
- -4.1%
- Free cash flow (FY2025)
- $26.6M
INNV 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $853.7M | -$30.3M | -$0.22 | $26.6M | -3.5% | -10.3% |
| FY2024 | $763.9M | -$21.3M | -$0.16 | -$44.8M | -3.0% | -7.9% |
| FY2023 | $688.1M | -$40.7M | -$0.30 | -$3.1M | -7.2% | -16.8% |
| FY2022 | $698.6M | -$6.5M | -$0.05 | -$10.9M | -0.6% | -2.0% |
| FY2021 | $637.8M | -$44.0M | -$0.36 | -$25.1M | -1.9% | -5.9% |
| FY2020 | $567.2M | $26.3M | $0.19 | $32.0M | 9.0% | 18.1% |
| FY2019 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
InnovAge Holding Corp. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
InnovAge Holding Corp. has historically struggled to out-earn its cost of capital, averaging just -4.1% ROIC.
InnovAge Holding Corp. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, InnovAge Holding Corp. is modeled at 8.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $4.02 per share.