InnovAge Holding (INNV) Cash Flow: Operating & Free Cash Flow

InnovAge Holding Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for InnovAge Holding Corp. (INNV) - Annual data in millions USD
Breakdown	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period ending	Jun 2026	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019
Operating Activities
Net Income	-0.68	-35.34	-23.22	-23.22	-7.96	-43.99	25.77	19.07
Depreciation & Amortization	21.14	19.51	18.95	18.95	13.92	13.35	11.29	9.00
Deferred Income Tax	0.29	1.30	1.22	1.22	2.06	0.00	3.17	3.55
Stock Based Compensation	7.05	7.62	6.83	6.83	3.74	47.05	0.54	0.73
Change in Working Capital	23.48	15.24	-52.15	-52.15	8.62	-2.59	-6.34	-9.99
Change in Accounts Receivable	-5.98	11.22	-30.33	-33.40	-9.51	5.88	-1.20	1.13
Change in Inventory	0.00	0.00	0.00	0.00	0.00	0.00	-4.12	-7.92
Change in Accounts Payable	38.45	20.43	6.21	1.37	19.41	0.00	-1.01	9.36
Change in Other Working Capital	-8.98	-16.42	7.22	-20.12	0.43	-8.47	0.00	-12.55
Other Operating Activities	13.44	24.54	7.22	11.46	0.43	-21.37	9.39	3.56
Net Cash from Operating Activities	64.71	32.87	-36.90	-36.90	27.30	-7.55	43.83	25.91
Investing Activities
Capital Expenditures	-14.31	-6.26	-7.91	-7.91	-38.24	-17.54	-11.84	-14.49
Acquisitions	3.72	-3.52	-23.92	-19.07	0.00	0.00	0.17	-36.50
Purchases of Investments	-1.75	-2.07	-2.39	-2.39	-2.00	0.00	-1.15	-1.50
Sales/Maturities of Investments	0.00	6.30	3.00	3.00	0.00	0.00	-0.17	38.00
Other Investing Activities	0.00	0.00	0.00	0.00	-2.00	-2.00	1.30	-38.00
Net Cash from Investing Activities	-12.34	-5.55	-26.37	-26.37	-40.24	-19.54	-11.69	-52.48
Financing Activities
Debt Repayment	-20.03	-9.91	-8.43	-8.43	-6.32	-139.45	21.23	115.82
Common Stock Issued	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.47
Common Stock Repurchased	0.00	-7.32	-0.18	-0.18	0.00	-77.60	0.00	-0.19
Dividends Paid	0.00	0.00	0.00	0.00	0.00	-9.50	0.00	-66.51
Other Financing Activities	1.50	-1.86	1.58	1.58	0.00	342.78	0.00	-12.24
Net Cash from Financing Activities	-18.53	-19.08	-7.03	-7.03	-6.32	116.22	21.23	37.35
Summary
Effect of Forex Changes on Cash	-0.08	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Change in Cash	33.76	8.23	-70.31	-70.31	-19.25	89.14	53.37	10.77
Cash at Beginning of Period	64.14	56.96	127.27	127.27	203.70	114.57	61.20	50.42
Cash at End of Period	97.90	65.19	56.96	56.96	184.45	203.70	114.57	61.20
Free Cash Flow	50.41	26.60	-44.81	-44.81	-10.94	-25.09	31.98	11.42
Supplemental Disclosures
Interest Paid	-	4.35	4.06	4.00	1.47	18.03	-	-
Income Taxes Paid	-	0.00	4.45	0.01	0.08	7.05	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About InnovAge Holding Cash Flow

What is InnovAge Holding's free cash flow?

InnovAge Holding generated free cash flow of $50.41M in fiscal 2026 (fiscal year ended Jun 30, 2026), operating cash flow of $64.71M minus $14.31M of capital expenditures. That was up 89.5% from $26.60M a year earlier. Free cash flow equaled 5.1% of revenue.

How much does InnovAge Holding spend on capital expenditures?

InnovAge Holding spent $14.31M on capital expenditures in fiscal 2026, compared with $6.26M a year earlier. That equals 22.1% of operating cash flow.

Does InnovAge Holding pay dividends or buy back shares?

InnovAge Holding's cash flow statement for fiscal 2026 shows no dividend payments or share repurchases.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition