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Side-by-side financial comparison of Privia Health Group, Inc. (PRVA) and Strata Critical Medical, Inc. (SRTA). Click either name above to swap in a different company.

Privia Health Group, Inc. is the larger business by last-quarter revenue ($541.2M vs $22.7M, roughly 23.8× Strata Critical Medical, Inc.). On growth, Strata Critical Medical, Inc. posted the faster year-over-year revenue change (361.2% vs 17.4%). Over the past eight quarters, Privia Health Group, Inc.'s revenue compounded faster (14.2% CAGR vs -33.6%).

Privia Health Group, Inc. is a U.S.-headquartered healthcare technology and services firm supporting independent practices, health systems, and payers delivering value-based care. It offers population health tools, patient engagement platforms, care coordination support, and workflow solutions to boost patient outcomes and cut operational costs for U.S. healthcare stakeholders.

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.

PRVA vs SRTA — Head-to-Head

Bigger by revenue
PRVA
PRVA
23.8× larger
PRVA
$541.2M
$22.7M
SRTA
Growing faster (revenue YoY)
SRTA
SRTA
+343.8% gap
SRTA
361.2%
17.4%
PRVA
Faster 2-yr revenue CAGR
PRVA
PRVA
Annualised
PRVA
14.2%
-33.6%
SRTA

Income Statement — Q4 2025 vs Q4 2025

Metric
PRVA
PRVA
SRTA
SRTA
Revenue
$541.2M
$22.7M
Net Profit
$9.2M
Gross Margin
-0.9%
Operating Margin
2.1%
-18.4%
Net Margin
1.7%
Revenue YoY
17.4%
361.2%
Net Profit YoY
108.0%
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.

Revenue
PRVA
PRVA
SRTA
SRTA
Q4 25
$541.2M
$22.7M
Q3 25
$580.4M
$49.3M
Q2 25
$521.2M
$70.8M
Q1 25
$480.1M
$54.3M
Q4 24
$460.9M
$-8.7M
Q3 24
$437.9M
$36.1M
Q2 24
$422.3M
$67.9M
Q1 24
$415.2M
$51.5M
Net Profit
PRVA
PRVA
SRTA
SRTA
Q4 25
$9.2M
Q3 25
$6.9M
$57.4M
Q2 25
$2.7M
$-3.7M
Q1 25
$4.2M
$-3.5M
Q4 24
$4.4M
Q3 24
$3.5M
$-2.0M
Q2 24
$3.5M
$-11.3M
Q1 24
$3.0M
$-4.2M
Gross Margin
PRVA
PRVA
SRTA
SRTA
Q4 25
-0.9%
Q3 25
23.6%
Q2 25
25.1%
Q1 25
22.1%
Q4 24
Q3 24
20.8%
Q2 24
24.1%
Q1 24
19.7%
Operating Margin
PRVA
PRVA
SRTA
SRTA
Q4 25
2.1%
-18.4%
Q3 25
2.5%
-11.4%
Q2 25
0.6%
-7.0%
Q1 25
1.1%
-14.0%
Q4 24
1.1%
Q3 24
1.3%
-19.7%
Q2 24
1.2%
-17.9%
Q1 24
0.2%
-19.2%
Net Margin
PRVA
PRVA
SRTA
SRTA
Q4 25
1.7%
Q3 25
1.2%
116.5%
Q2 25
0.5%
-5.3%
Q1 25
0.9%
-6.4%
Q4 24
1.0%
Q3 24
0.8%
-5.4%
Q2 24
0.8%
-16.7%
Q1 24
0.7%
-8.2%
EPS (diluted)
PRVA
PRVA
SRTA
SRTA
Q4 25
$0.08
$-0.11
Q3 25
$0.05
$0.70
Q2 25
$0.02
$-0.05
Q1 25
$0.03
$-0.04
Q4 24
$0.03
$-0.11
Q3 24
$0.03
$-0.03
Q2 24
$0.03
$-0.15
Q1 24
$0.02
$-0.06

Balance Sheet & Financial Strength

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

Metric
PRVA
PRVA
SRTA
SRTA
Cash + ST InvestmentsLiquidity on hand
$479.7M
$31.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$737.2M
$279.1M
Total Assets
$1.4B
$325.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PRVA
PRVA
SRTA
SRTA
Q4 25
$479.7M
$31.0M
Q3 25
$441.4M
$22.8M
Q2 25
$390.1M
$58.8M
Q1 25
$469.3M
$34.8M
Q4 24
$491.1M
$18.4M
Q3 24
$422.0M
$20.0M
Q2 24
$387.4M
$26.3M
Q1 24
$351.1M
$36.8M
Stockholders' Equity
PRVA
PRVA
SRTA
SRTA
Q4 25
$737.2M
$279.1M
Q3 25
$709.1M
$283.0M
Q2 25
$682.9M
$223.1M
Q1 25
$659.4M
$219.7M
Q4 24
$635.2M
$221.9M
Q3 24
$614.9M
$233.5M
Q2 24
$595.4M
$229.4M
Q1 24
$576.8M
$236.6M
Total Assets
PRVA
PRVA
SRTA
SRTA
Q4 25
$1.4B
$325.5M
Q3 25
$1.4B
$335.1M
Q2 25
$1.3B
$257.9M
Q1 25
$1.2B
$250.6M
Q4 24
$1.1B
$256.7M
Q3 24
$1.1B
$282.9M
Q2 24
$1.1B
$280.3M
Q1 24
$1.0B
$282.8M

Cash Flow & Capital Efficiency

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

Metric
PRVA
PRVA
SRTA
SRTA
Operating Cash FlowLast quarter
$127.5M
$-8.3M
Free Cash FlowOCF − Capex
$-10.2M
FCF MarginFCF / Revenue
-44.7%
Capex IntensityCapex / Revenue
8.1%
Cash ConversionOCF / Net Profit
13.93×
TTM Free Cash FlowTrailing 4 quarters
$-58.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PRVA
PRVA
SRTA
SRTA
Q4 25
$127.5M
$-8.3M
Q3 25
$52.0M
$-37.3M
Q2 25
$8.0M
$-3.1M
Q1 25
$-24.1M
$-246.0K
Q4 24
$74.8M
$-1.8M
Q3 24
$33.2M
$6.4M
Q2 24
$34.5M
$8.4M
Q1 24
$-33.1M
$-15.6M
Free Cash Flow
PRVA
PRVA
SRTA
SRTA
Q4 25
$-10.2M
Q3 25
$-40.1M
Q2 25
$-5.4M
Q1 25
$-2.9M
Q4 24
$-6.3M
Q3 24
$-3.0M
Q2 24
$-7.7M
Q1 24
$-16.4M
FCF Margin
PRVA
PRVA
SRTA
SRTA
Q4 25
-44.7%
Q3 25
-81.4%
Q2 25
-7.6%
Q1 25
-5.3%
Q4 24
72.7%
Q3 24
-8.2%
Q2 24
-11.4%
Q1 24
-31.8%
Capex Intensity
PRVA
PRVA
SRTA
SRTA
Q4 25
8.1%
Q3 25
5.7%
Q2 25
3.2%
Q1 25
4.8%
Q4 24
-52.6%
Q3 24
25.8%
Q2 24
23.8%
Q1 24
1.6%
Cash Conversion
PRVA
PRVA
SRTA
SRTA
Q4 25
13.93×
Q3 25
7.58×
-0.65×
Q2 25
2.97×
Q1 25
-5.70×
Q4 24
17.00×
Q3 24
9.38×
Q2 24
9.94×
Q1 24
-11.10×

Financial Flow Comparison

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

Revenue Breakdown by Segment

PRVA
PRVA

FFS Patient Care$364.4M67%
Capitated Revenue$71.4M13%
Shared Savings$46.9M9%
FFS Administrative Services$36.0M7%
Care Management Fee PMPM$20.0M4%
Other Revenue$2.5M0%

SRTA
SRTA

Other Clinical$11.4M50%
Transplant Clinical$9.0M39%
Other$2.4M11%

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