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Side-by-side financial comparison of InnovAge Holding Corp. (INNV) and Strata Critical Medical, Inc. (SRTA). Click either name above to swap in a different company.
InnovAge Holding Corp. is the larger business by last-quarter revenue ($239.7M vs $22.7M, roughly 10.5× Strata Critical Medical, Inc.). On growth, Strata Critical Medical, Inc. posted the faster year-over-year revenue change (361.2% vs 14.7%). InnovAge Holding Corp. produced more free cash flow last quarter ($19.0M vs $-10.2M). Over the past eight quarters, InnovAge Holding Corp.'s revenue compounded faster (11.4% CAGR vs -33.6%).
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.
Strata Critical Medical, Inc. is a medical technology firm designing, producing and distributing disposable medical products for critical care, anesthesia and surgical use cases. It serves healthcare providers across North America and some European markets, focusing on improving patient safety and clinical efficiency.
INNV vs SRTA — Head-to-Head
Income Statement — Q2 2026 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $239.7M | $22.7M |
| Net Profit | $10.6M | — |
| Gross Margin | 22.0% | -0.9% |
| Operating Margin | 5.5% | -18.4% |
| Net Margin | 4.4% | — |
| Revenue YoY | 14.7% | 361.2% |
| Net Profit YoY | 180.3% | — |
| EPS (diluted) | $0.08 | $-0.11 |
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 | $22.7M | ||
| Q3 25 | $236.1M | $49.3M | ||
| Q2 25 | $221.4M | $70.8M | ||
| Q1 25 | $218.1M | $54.3M | ||
| Q4 24 | $209.0M | $-8.7M | ||
| Q3 24 | $205.1M | $36.1M | ||
| Q2 24 | $199.4M | $67.9M | ||
| Q1 24 | $193.1M | $51.5M |
| Q4 25 | $10.6M | — | ||
| Q3 25 | $8.0M | $57.4M | ||
| Q2 25 | $-785.0K | $-3.7M | ||
| Q1 25 | $-11.4M | $-3.5M | ||
| Q4 24 | $-13.2M | — | ||
| Q3 24 | $-4.9M | $-2.0M | ||
| Q2 24 | $-1.7M | $-11.3M | ||
| Q1 24 | $-5.9M | $-4.2M |
| Q4 25 | 22.0% | -0.9% | ||
| Q3 25 | 21.8% | 23.6% | ||
| Q2 25 | 18.6% | 25.1% | ||
| Q1 25 | 18.7% | 22.1% | ||
| Q4 24 | 17.7% | — | ||
| Q3 24 | 16.8% | 20.8% | ||
| Q2 24 | 18.3% | 24.1% | ||
| Q1 24 | 17.6% | 19.7% |
| Q4 25 | 5.5% | -18.4% | ||
| Q3 25 | 3.5% | -11.4% | ||
| Q2 25 | -1.0% | -7.0% | ||
| Q1 25 | -4.7% | -14.0% | ||
| Q4 24 | -6.0% | — | ||
| Q3 24 | -2.4% | -19.7% | ||
| Q2 24 | -2.4% | -17.9% | ||
| Q1 24 | -3.0% | -19.2% |
| Q4 25 | 4.4% | — | ||
| Q3 25 | 3.4% | 116.5% | ||
| Q2 25 | -0.4% | -5.3% | ||
| Q1 25 | -5.2% | -6.4% | ||
| Q4 24 | -6.3% | — | ||
| Q3 24 | -2.4% | -5.4% | ||
| Q2 24 | -0.9% | -16.7% | ||
| Q1 24 | -3.0% | -8.2% |
| Q4 25 | $0.08 | $-0.11 | ||
| Q3 25 | $0.06 | $0.70 | ||
| Q2 25 | $0.00 | $-0.05 | ||
| Q1 25 | $-0.08 | $-0.04 | ||
| Q4 24 | $-0.10 | $-0.11 | ||
| Q3 24 | $-0.04 | $-0.03 | ||
| Q2 24 | $-0.01 | $-0.15 | ||
| Q1 24 | $-0.04 | $-0.06 |
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 | $31.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $256.8M | $279.1M |
| Total Assets | $527.5M | $325.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $126.0M | $31.0M | ||
| Q3 25 | $109.4M | $22.8M | ||
| Q2 25 | $105.9M | $58.8M | ||
| Q1 25 | $101.7M | $34.8M | ||
| Q4 24 | $86.9M | $18.4M | ||
| Q3 24 | $85.7M | $20.0M | ||
| Q2 24 | $102.8M | $26.3M | ||
| Q1 24 | $99.3M | $36.8M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $60.0M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $66.0M | — | ||
| Q1 24 | — | — |
| Q4 25 | $256.8M | $279.1M | ||
| Q3 25 | $245.0M | $283.0M | ||
| Q2 25 | $235.0M | $223.1M | ||
| Q1 25 | $238.0M | $219.7M | ||
| Q4 24 | $248.5M | $221.9M | ||
| Q3 24 | $260.9M | $233.5M | ||
| Q2 24 | $269.3M | $229.4M | ||
| Q1 24 | $281.1M | $236.6M |
| Q4 25 | $527.5M | $325.5M | ||
| Q3 25 | $510.2M | $335.1M | ||
| Q2 25 | $526.9M | $257.9M | ||
| Q1 25 | $536.6M | $250.6M | ||
| Q4 24 | $524.8M | $256.7M | ||
| Q3 24 | $527.7M | $282.9M | ||
| Q2 24 | $547.7M | $280.3M | ||
| Q1 24 | $527.4M | $282.8M |
| 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 | $-8.3M |
| Free Cash FlowOCF − Capex | $19.0M | $-10.2M |
| FCF MarginFCF / Revenue | 7.9% | -44.7% |
| Capex IntensityCapex / Revenue | 1.0% | 8.1% |
| Cash ConversionOCF / Net Profit | 2.01× | — |
| TTM Free Cash FlowTrailing 4 quarters | $49.4M | $-58.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $21.4M | $-8.3M | ||
| Q3 25 | $3.9M | $-37.3M | ||
| Q2 25 | $9.0M | $-3.1M | ||
| Q1 25 | $24.6M | $-246.0K | ||
| Q4 24 | $6.8M | $-1.8M | ||
| Q3 24 | $-7.5M | $6.4M | ||
| Q2 24 | $1.9M | $8.4M | ||
| Q1 24 | $3.5M | $-15.6M |
| Q4 25 | $19.0M | $-10.2M | ||
| Q3 25 | $-153.0K | $-40.1M | ||
| Q2 25 | $8.8M | $-5.4M | ||
| Q1 25 | $21.7M | $-2.9M | ||
| Q4 24 | $5.4M | $-6.3M | ||
| Q3 24 | $-9.7M | $-3.0M | ||
| Q2 24 | $-1.4M | $-7.7M | ||
| Q1 24 | $3.1M | $-16.4M |
| Q4 25 | 7.9% | -44.7% | ||
| Q3 25 | -0.1% | -81.4% | ||
| Q2 25 | 4.0% | -7.6% | ||
| Q1 25 | 10.0% | -5.3% | ||
| Q4 24 | 2.6% | 72.7% | ||
| Q3 24 | -4.7% | -8.2% | ||
| Q2 24 | -0.7% | -11.4% | ||
| Q1 24 | 1.6% | -31.8% |
| Q4 25 | 1.0% | 8.1% | ||
| Q3 25 | 1.7% | 5.7% | ||
| Q2 25 | 0.1% | 3.2% | ||
| Q1 25 | 1.3% | 4.8% | ||
| Q4 24 | 0.6% | -52.6% | ||
| Q3 24 | 1.1% | 25.8% | ||
| Q2 24 | 1.7% | 23.8% | ||
| Q1 24 | 0.2% | 1.6% |
| Q4 25 | 2.01× | — | ||
| Q3 25 | 0.49× | -0.65× | ||
| 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.
Revenue Breakdown by Segment
INNV
Segment breakdown not available.
SRTA
| Other Clinical | $11.4M | 50% |
| Transplant Clinical | $9.0M | 39% |
| Other | $2.4M | 11% |
