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Side-by-side financial comparison of EUDA Health Holdings Ltd (EUDA) and InnovAge Holding Corp. (INNV). Click either name above to swap in a different company.

InnovAge Holding Corp. is the larger business by last-quarter revenue ($239.7M vs $1.7M, roughly 141.1× EUDA Health Holdings Ltd). InnovAge Holding Corp. runs the higher net margin — 4.4% vs -142.1%, a 146.6% gap on every dollar of revenue.

EUDA Health Holdings Ltd is a digital health enterprise focused on evidence-based mental wellness solutions. It offers AI-powered mental health assessment tools, therapy matching services, and personalized care programs, primarily serving consumer and corporate clients across the Asia-Pacific region with core segments including mental health screening, employee wellness programs and consumer mental support platforms.

InnovAge Holding Corp is a leading U.S. senior care provider, primarily operating the Program of All-Inclusive Care for the Elderly (PACE). It offers integrated medical care, social support, and daily living assistance to help eligible older adults stay in their homes instead of nursing facilities, serving users across multiple U.S. states.

EUDA vs INNV — Head-to-Head

Bigger by revenue
INNV
INNV
141.1× larger
INNV
$239.7M
$1.7M
EUDA
Higher net margin
INNV
INNV
146.6% more per $
INNV
4.4%
-142.1%
EUDA

Income Statement — Q1 2023 vs Q2 2026

Metric
EUDA
EUDA
INNV
INNV
Revenue
$1.7M
$239.7M
Net Profit
$-2.4M
$10.6M
Gross Margin
23.8%
22.0%
Operating Margin
-116.4%
5.5%
Net Margin
-142.1%
4.4%
Revenue YoY
14.7%
Net Profit YoY
-973.7%
180.3%
EPS (diluted)
$-0.12
$0.08

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
EUDA
EUDA
INNV
INNV
Q4 25
$239.7M
Q3 25
$236.1M
Q2 25
$221.4M
Q1 25
$218.1M
Q4 24
$209.0M
Q3 24
$205.1M
Q2 24
$199.4M
Q1 24
$193.1M
Net Profit
EUDA
EUDA
INNV
INNV
Q4 25
$10.6M
Q3 25
$8.0M
Q2 25
$-785.0K
Q1 25
$-11.4M
Q4 24
$-13.2M
Q3 24
$-4.9M
Q2 24
$-1.7M
Q1 24
$-5.9M
Gross Margin
EUDA
EUDA
INNV
INNV
Q4 25
22.0%
Q3 25
21.8%
Q2 25
18.6%
Q1 25
18.7%
Q4 24
17.7%
Q3 24
16.8%
Q2 24
18.3%
Q1 24
17.6%
Operating Margin
EUDA
EUDA
INNV
INNV
Q4 25
5.5%
Q3 25
3.5%
Q2 25
-1.0%
Q1 25
-4.7%
Q4 24
-6.0%
Q3 24
-2.4%
Q2 24
-2.4%
Q1 24
-3.0%
Net Margin
EUDA
EUDA
INNV
INNV
Q4 25
4.4%
Q3 25
3.4%
Q2 25
-0.4%
Q1 25
-5.2%
Q4 24
-6.3%
Q3 24
-2.4%
Q2 24
-0.9%
Q1 24
-3.0%
EPS (diluted)
EUDA
EUDA
INNV
INNV
Q4 25
$0.08
Q3 25
$0.06
Q2 25
$0.00
Q1 25
$-0.08
Q4 24
$-0.10
Q3 24
$-0.04
Q2 24
$-0.01
Q1 24
$-0.04

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
EUDA
EUDA
INNV
INNV
Cash + ST InvestmentsLiquidity on hand
$837.3K
$126.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$-6.0M
$256.8M
Total Assets
$25.5M
$527.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EUDA
EUDA
INNV
INNV
Q4 25
$126.0M
Q3 25
$109.4M
Q2 25
$105.9M
Q1 25
$101.7M
Q4 24
$86.9M
Q3 24
$85.7M
Q2 24
$102.8M
Q1 24
$99.3M
Total Debt
EUDA
EUDA
INNV
INNV
Q4 25
Q3 25
Q2 25
$60.0M
Q1 25
Q4 24
Q3 24
Q2 24
$66.0M
Q1 24
Stockholders' Equity
EUDA
EUDA
INNV
INNV
Q4 25
$256.8M
Q3 25
$245.0M
Q2 25
$235.0M
Q1 25
$238.0M
Q4 24
$248.5M
Q3 24
$260.9M
Q2 24
$269.3M
Q1 24
$281.1M
Total Assets
EUDA
EUDA
INNV
INNV
Q4 25
$527.5M
Q3 25
$510.2M
Q2 25
$526.9M
Q1 25
$536.6M
Q4 24
$524.8M
Q3 24
$527.7M
Q2 24
$547.7M
Q1 24
$527.4M
Debt / Equity
EUDA
EUDA
INNV
INNV
Q4 25
Q3 25
Q2 25
0.26×
Q1 25
Q4 24
Q3 24
Q2 24
0.25×
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
EUDA
EUDA
INNV
INNV
Operating Cash FlowLast quarter
$-469.9K
$21.4M
Free Cash FlowOCF − Capex
$19.0M
FCF MarginFCF / Revenue
7.9%
Capex IntensityCapex / Revenue
1.0%
Cash ConversionOCF / Net Profit
2.01×
TTM Free Cash FlowTrailing 4 quarters
$49.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EUDA
EUDA
INNV
INNV
Q4 25
$21.4M
Q3 25
$3.9M
Q2 25
$9.0M
Q1 25
$24.6M
Q4 24
$6.8M
Q3 24
$-7.5M
Q2 24
$1.9M
Q1 24
$3.5M
Free Cash Flow
EUDA
EUDA
INNV
INNV
Q4 25
$19.0M
Q3 25
$-153.0K
Q2 25
$8.8M
Q1 25
$21.7M
Q4 24
$5.4M
Q3 24
$-9.7M
Q2 24
$-1.4M
Q1 24
$3.1M
FCF Margin
EUDA
EUDA
INNV
INNV
Q4 25
7.9%
Q3 25
-0.1%
Q2 25
4.0%
Q1 25
10.0%
Q4 24
2.6%
Q3 24
-4.7%
Q2 24
-0.7%
Q1 24
1.6%
Capex Intensity
EUDA
EUDA
INNV
INNV
Q4 25
1.0%
Q3 25
1.7%
Q2 25
0.1%
Q1 25
1.3%
Q4 24
0.6%
Q3 24
1.1%
Q2 24
1.7%
Q1 24
0.2%
Cash Conversion
EUDA
EUDA
INNV
INNV
Q4 25
2.01×
Q3 25
0.49×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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