10-K · February 27, 2026
Privia Health Group, Inc. reported total revenue of $2.12 billion for the year ending December 31, 2025, a significant increase from $1.74 billion in 2024. The company achieved a net income attributable to common…
Earnings analysis · 10-Q
PRVA earnings analysis
Filed May 7, 2026 · Our reading of the company's report
The latest report
Privia Health Group, Inc. reported Q1 2026 revenue of $603.8 million, reflecting a significant year-over-year increase of 25.8% compared to $480.1 million in Q1 2025. However, the diluted EPS came in at $0.02, notably…
Read full summary
Privia Health Group, Inc. reported Q1 2026 revenue of $603.8 million, reflecting a significant year-over-year increase of 25.8% compared to $480.1 million in Q1 2025. However, the diluted EPS came in at $0.02, notably missing the estimated $0.22. The company raised its Attributed Lives forecast to a range of 1.6M-1.625M, while also highlighting challenges including stock compensation costs and the need for continued expansion of its provider base.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.02
What stood out
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Revenue Growth of 25.8% YoY
Revenue surged to $603.8 million in Q1 2026 from $480.1 million in Q1 2025.
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Operating Income Increased by 42.2%
Operating income rose to $7.4 million compared to $5.2 million in the same period last year.
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Adjusted EBITDA Up 36.3%
Adjusted EBITDA reached $36.7 million, up from $26.9 million in Q1 2025.
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Attributed Lives Forecast Raised
Management raised the forecast for Attributed Lives to a range of 1.6M-1.625M.
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Platform Contribution Growth of 29.6%
Platform Contribution increased to $67.0 million from $51.7 million year-over-year.
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Decrease in Net Income Noted
Net income attributable to Privia Health Group decreased to $3.1 million from $4.2 million in the previous year.
What to watch
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Stock Compensation Impact
Stock-based compensation expenses rose to $21.9 million, impacting net income.
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Operational Challenges in Provider Expansion
The company faces headwinds in expanding its provider network sufficient to meet projected revenue growth.
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High Dependence on Payer Contracts
Revenue performance is reliant on retaining and renegotiating favorable terms with existing payer contracts.
Management's outlook
Full-year 2026 revenue guidance reiterated at $2.35B to $2.45B.
Earlier filings 4
10-Q · November 6, 2025
Privia Health Group, Inc. reported a strong Q3 2025 with revenue of $580.4 million, representing a 32.5% increase year-over-year. The company also saw a substantial rise in EPS to $0.29 from $0.03, reflecting improved…
10-Q · August 7, 2025
Privia Health's Q2 2025 results show robust revenue growth, driven by increased care volume and provider expansion. Revenue reached $521 million, up 23.4% from Q2 2024, while EPS exceeded estimates at $0.24. However,…
10-Q · May 8, 2025
Privia Health Group, Inc. reported strong financial performance for Q1 2025 with revenues of $480.1 million, up 15.6% from Q1 2024. Gross margins remained robust at 87.6% and EPS increased to $0.22, beating estimates by…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.