InnovAge Holding Corp

InnovAge Holding Corp. reported fiscal 2026 revenue of $989.7 million on September 8, up 15.9%, with company-defined non-GAAP adjusted EBITDA reaching $94.6 million versus $34.5 million a year earlier. Adjusted EBITDA margin rose to 9.6% from 4.0%, while the consolidated GAAP net loss narrowed to $0.7 million from $35.3 million and the loss attributable to shareholders was $2.5 million. Census reached approximately 8,230 participants, up from 7,740, and company-defined non-GAAP center-level contribution margin reached $227.8 million, or 23.0% of revenue, versus 18.0% a year earlier. Fiscal 2027 guidance calls for revenue of $1.05 billion to $1.085 billion and adjusted EBITDA of $105 million to $115 million, implying at the midpoints approximately 7.9% revenue growth, 16.3% adjusted EBITDA growth and a 10.3% adjusted EBITDA margin. The company did not forecast GAAP net income, citing difficulty estimating the adjustments needed to reconcile its adjusted EBITDA outlook, and it added back $57.0 million of litigation costs and settlements in fiscal 2026, compared with $19.4 million a year earlier.

In after-hours trading, several stocks made notable moves. ServiceTitan's stock tumbled 19% after issuing current-quarter revenue guidance slightly below analyst forecasts, despite beating consensus estimates on both lines in the second quarter. Casey's General Stores fell 10% despite beating expectations for the first fiscal quarter, as it forecast inside same-store sales growth of 2% to 5% for the full year. Mission Produce shares rose 7.5% after beating every analyst polled by FactSet on earnings per share and revenue in its fiscal third quarter. Braze dropped nearly 10% following weaker-than-expected earnings guidance, projecting non-GAAP EPS of 13 to 14 cents versus the 16 cents analysts expected. Chime Financial jumped almost 10% after providing upbeat third-quarter and full-year guidance and announcing a $590 million cash deal to buy Stride Bank. InnovAge rallied 11% on strong full-year guidance, though its fourth-quarter EPS slightly missed forecasts.