Loading...
•
Mar 31
Privia Health Q1 2025 Earnings Report
Privia Health announced financial results for the first quarter ended March 31, 2025.
Key Takeaways
Privia Health reported strong first quarter 2025 financial results with significant growth in total revenue, net income, and Adjusted EBITDA compared to the same period last year. The company also announced its entrance into the state of Arizona and raised its full-year 2025 outlook for most financial metrics.
Total revenue increased by 15.6% to $480.1 million in Q1 2025.
Net income grew by 41.4% to $4.2 million for the first quarter of 2025.
Adjusted EBITDA increased by 35.1% to $26.9 million in Q1 2025.
Privia Health entered the state of Arizona and raised its full-year 2025 guidance for most metrics.
Privia Health
Privia Health
Privia Health Revenue by Segment
Revenue by Segment
FFS Patient Care Revenue
CapyFin.comFFS Admin Services Revenue
CapyFin.comCapitated Revenue
CapyFin.comShared Savings Revenue
CapyFin.comCare Mgmt Fees (PMPM) Revenue
CapyFin.comOther Revenue
CapyFin.com Forward Guidance
Privia Health raised its full-year 2025 outlook to the mid- to high end of most of its guidance ranges, with Attributed Lives guidance unchanged.
Positive Outlook
- Implemented Providers guidance raised to mid to high end of 5,200 to 5,300.
- Practice Collections guidance raised to mid to high end of $3,150 to $3,250 million.
- GAAP Revenue guidance raised to mid to high end of $1,800 to $1,900 million.
- Care Margin guidance raised to mid to high end of $435 to $445 million.
- Platform Contribution guidance raised to mid to high end of $208 to $218 million.
- Adjusted EBITDA guidance raised to mid to high end of $105 to $110 million.
- At least 80% of Adjusted EBITDA expected to convert to free cash flow.
- De minimis capital expenditures expected.
Challenges Ahead
- Attributed Lives guidance remains unchanged at 1,300,000 to 1,400,000.
- Guidance assumes minimal year-over-year increase in value-based shared savings accruals.
- Guidance includes the impact of the Arizona market entry but assumes no other new business development activity.
- Effective tax rate expected to be approximately 26-28%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income