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Side-by-side financial comparison of InnovAge Holding Corp. (INNV) and Stitch Fix, Inc. (SFIX). Click either name above to swap in a different company.
Stitch Fix, Inc. is the larger business by last-quarter revenue ($342.1M vs $239.7M, roughly 1.4× InnovAge Holding Corp.). InnovAge Holding Corp. runs the higher net margin — 4.4% vs -1.9%, a 6.3% gap on every dollar of revenue. On growth, InnovAge Holding Corp. posted the faster year-over-year revenue change (14.7% vs 7.3%). InnovAge Holding Corp. produced more free cash flow last quarter ($19.0M vs $5.6M). Over the past eight quarters, InnovAge Holding Corp.'s revenue compounded faster (11.4% CAGR vs 1.8%).
InnovAge Holding Corp.INNVEarnings & Financial Report
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.
Stitch Fix, Inc. is an online personal styling service in the United States. It uses recommendation algorithms and data science to personalize clothing items based on size, budget and style. The company was founded in 2011 and had an initial public offering in 2017 with a valuation of $1.6 billion. Stitch Fix generated $1.6 billion in net revenue in its fiscal year 2023, a decrease of 21% year-over-year and reported 3,297,000 active clients in September 2023. It is headquartered in San Franci...
INNV vs SFIX — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $239.7M | $342.1M |
| Net Profit | $10.6M | $-6.4M |
| Gross Margin | 22.0% | 43.6% |
| Operating Margin | 5.5% | -2.5% |
| Net Margin | 4.4% | -1.9% |
| Revenue YoY | 14.7% | 7.3% |
| Net Profit YoY | 180.3% | -1.7% |
| EPS (diluted) | $0.08 | $-0.05 |
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.
| Q4 25 | $239.7M | $342.1M | ||
| Q3 25 | $236.1M | $311.2M | ||
| Q2 25 | $221.4M | $325.0M | ||
| Q1 25 | $218.1M | $312.1M | ||
| Q4 24 | $209.0M | $318.8M | ||
| Q3 24 | $205.1M | $319.6M | ||
| Q2 24 | $199.4M | $322.7M | ||
| Q1 24 | $193.1M | $330.4M |
| Q4 25 | $10.6M | $-6.4M | ||
| Q3 25 | $8.0M | $-8.6M | ||
| Q2 25 | $-785.0K | $-7.4M | ||
| Q1 25 | $-11.4M | $-6.5M | ||
| Q4 24 | $-13.2M | $-6.3M | ||
| Q3 24 | $-4.9M | $-36.5M | ||
| Q2 24 | $-1.7M | $-21.3M | ||
| Q1 24 | $-5.9M | $-35.5M |
| Q4 25 | 22.0% | 43.6% | ||
| Q3 25 | 21.8% | 43.6% | ||
| Q2 25 | 18.6% | 44.2% | ||
| Q1 25 | 18.7% | 44.5% | ||
| Q4 24 | 17.7% | 45.4% | ||
| Q3 24 | 16.8% | 44.6% | ||
| Q2 24 | 18.3% | 45.5% | ||
| Q1 24 | 17.6% | 43.4% |
| Q4 25 | 5.5% | -2.5% | ||
| Q3 25 | 3.5% | -3.6% | ||
| Q2 25 | -1.0% | -3.0% | ||
| Q1 25 | -4.7% | -2.9% | ||
| Q4 24 | -6.0% | -2.8% | ||
| Q3 24 | -2.4% | -13.1% | ||
| Q2 24 | -2.4% | -7.7% | ||
| Q1 24 | -3.0% | -11.5% |
| Q4 25 | 4.4% | -1.9% | ||
| Q3 25 | 3.4% | -2.8% | ||
| Q2 25 | -0.4% | -2.3% | ||
| Q1 25 | -5.2% | -2.1% | ||
| Q4 24 | -6.3% | -2.0% | ||
| Q3 24 | -2.4% | -11.4% | ||
| Q2 24 | -0.9% | -6.6% | ||
| Q1 24 | -3.0% | -10.8% |
| Q4 25 | $0.08 | $-0.05 | ||
| Q3 25 | $0.06 | $-0.06 | ||
| Q2 25 | $0.00 | $-0.06 | ||
| Q1 25 | $-0.08 | $-0.05 | ||
| Q4 24 | $-0.10 | $-0.05 | ||
| Q3 24 | $-0.04 | $-0.29 | ||
| Q2 24 | $-0.01 | $-0.18 | ||
| Q1 24 | $-0.04 | $-0.30 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $126.0M | $244.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $256.8M | $204.1M |
| Total Assets | $527.5M | $530.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $126.0M | $244.2M | ||
| Q3 25 | $109.4M | $234.9M | ||
| Q2 25 | $105.9M | $234.2M | ||
| Q1 25 | $101.7M | $219.1M | ||
| Q4 24 | $86.9M | $253.3M | ||
| Q3 24 | $85.7M | $247.0M | ||
| Q2 24 | $102.8M | $244.5M | ||
| Q1 24 | $99.3M | $229.8M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $60.0M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $66.0M | — | ||
| Q1 24 | — | — |
| Q4 25 | $256.8M | $204.1M | ||
| Q3 25 | $245.0M | $203.0M | ||
| Q2 25 | $235.0M | $200.4M | ||
| Q1 25 | $238.0M | $197.8M | ||
| Q4 24 | $248.5M | $190.5M | ||
| Q3 24 | $260.9M | $187.0M | ||
| Q2 24 | $269.3M | $208.9M | ||
| Q1 24 | $281.1M | $213.3M |
| Q4 25 | $527.5M | $530.7M | ||
| Q3 25 | $510.2M | $480.6M | ||
| Q2 25 | $526.9M | $484.7M | ||
| Q1 25 | $536.6M | $472.6M | ||
| Q4 24 | $524.8M | $507.1M | ||
| Q3 24 | $527.7M | $486.9M | ||
| Q2 24 | $547.7M | $537.0M | ||
| Q1 24 | $527.4M | $538.3M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $21.4M | $10.9M |
| Free Cash FlowOCF − Capex | $19.0M | $5.6M |
| FCF MarginFCF / Revenue | 7.9% | 1.6% |
| Capex IntensityCapex / Revenue | 1.0% | 1.6% |
| Cash ConversionOCF / Net Profit | 2.01× | — |
| TTM Free Cash FlowTrailing 4 quarters | $49.4M | $4.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $21.4M | $10.9M | ||
| Q3 25 | $3.9M | $7.0M | ||
| Q2 25 | $9.0M | $20.5M | ||
| Q1 25 | $24.6M | $-16.2M | ||
| Q4 24 | $6.8M | $14.3M | ||
| Q3 24 | $-7.5M | $8.2M | ||
| Q2 24 | $1.9M | $21.7M | ||
| Q1 24 | $3.5M | $-22.3M |
| Q4 25 | $19.0M | $5.6M | ||
| Q3 25 | $-153.0K | $2.8M | ||
| Q2 25 | $8.8M | $16.0M | ||
| Q1 25 | $21.7M | $-19.4M | ||
| Q4 24 | $5.4M | $9.9M | ||
| Q3 24 | $-9.7M | $4.5M | ||
| Q2 24 | $-1.4M | $18.9M | ||
| Q1 24 | $3.1M | $-26.1M |
| Q4 25 | 7.9% | 1.6% | ||
| Q3 25 | -0.1% | 0.9% | ||
| Q2 25 | 4.0% | 4.9% | ||
| Q1 25 | 10.0% | -6.2% | ||
| Q4 24 | 2.6% | 3.1% | ||
| Q3 24 | -4.7% | 1.4% | ||
| Q2 24 | -0.7% | 5.9% | ||
| Q1 24 | 1.6% | -7.9% |
| Q4 25 | 1.0% | 1.6% | ||
| Q3 25 | 1.7% | 1.4% | ||
| Q2 25 | 0.1% | 1.4% | ||
| Q1 25 | 1.3% | 1.0% | ||
| Q4 24 | 0.6% | 1.4% | ||
| Q3 24 | 1.1% | 1.2% | ||
| Q2 24 | 1.7% | 0.9% | ||
| Q1 24 | 0.2% | 1.1% |
| 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.
