InnovAge Holding Corp.
For the period ended Jun 30, 2025. Filed Sep 9, 2025.
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FY2025 · Filed Sep 9, 2025
INNV$9.37+1.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets as of June 30, 202 and
Consolidated Balance Sheets
| June 30,2025 | June 30,2024 | |
|---|---|---|
| in thousands | ||
| Assets | ||
| Current Assets | ||
| Cash and cash equivalents | $64,129 | $56,946 |
| Short-term investments | 41,775 | 45,833 |
| Restricted cash | 11 | 14 |
| Accounts receivable, net of allowance ($— – June 30, 2025 and $6,729 – June 30, 2024) | 36,373 | 48,106 |
| Prepaid expenses | 24,472 | 18,919 |
| Income tax receivable | 3,310 | 3,324 |
| Assets held for sale | 6,038 | — |
| Total current assets | 176,108 | 173,142 |
| Noncurrent Assets | ||
| Property and equipment, net | 168,044 | 193,022 |
| Operating lease assets | 26,901 | 28,416 |
| Investments | — | 2,645 |
| Deposits and other | 9,875 | 5,949 |
| Goodwill | 142,046 | 139,949 |
| Other intangible assets, net | 3,877 | 4,538 |
| Total noncurrent assets | 350,743 | 374,519 |
| Total assets | $526,851 | $547,661 |
| Liabilities and Stockholders' Equity | ||
| Current Liabilities | ||
| Accounts payable and accrued expenses | $76,750 | $55,459 |
| Reported and estimated claims | 58,971 | 55,404 |
| Due to Medicaid and Medicare | 14,382 | 15,197 |
| Current portion of long-term debt | 2,250 | 3,795 |
| Current portion of finance lease obligations | 5,234 | 4,599 |
| Current portion of operating lease obligations | 4,682 | 4,145 |
| Liabilities held for sale | 2,538 | — |
| Total current liabilities | 164,807 | 138,599 |
| Noncurrent Liabilities | ||
| Deferred tax liability, net | 8,761 | 7,460 |
| Finance lease obligations | 7,535 | 12,743 |
| Operating lease obligations | 23,918 | 26,275 |
| Other noncurrent liabilities | 1,458 | 1,298 |
| Long-term debt, net of debt issuance costs | 57,464 | 61,478 |
| Total liabilities | 263,943 | 247,853 |
| Commitments and Contingencies (See Note 9) | ||
| Redeemable Noncontrolling Interest (See Note 4) | 25,010 | 22,200 |
| Stockholders’ Equity | ||
| 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. | 137 | 136 |
| Treasury stock at cost, 1,462,979 and 36,559 shares as of June 30, 2025 and June 30, 2024, respectively | (7,500) | (179) |
| Additional paid-in capital | 343,378 | 337,615 |
| Retained deficit | (101,047) | (68,311) |
| Total InnovAge Holding Corp. | 234,968 | 269,261 |
| Noncontrolling interests | 2,930 | 8,347 |
| Total stockholders’ equity | 237,898 | 277,608 |
| Total liabilities and stockholders’ equity | $526,851 | $547,661 |
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