Feed / PRVA

Privia Health Group, Inc.

PRVA

Healthcare · 20.43 +0.4% today

Isolated · not yet confirmedMarket checked 11 Sept, 15:55 GMT-4

Market read

Privia Health Group, Inc.'s current read is isolated; its market group is not confirming.

The latest filing evidence is available. 0 of 9 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 3 directly disclosed connections are confirming.

What changed
  • Revenue increased 21.4% versus the comparable filing period.
Company+0.4% todayVolume comparison unavailable
Market group0 of 9 activeBiotechnology · unavailable
Disclosed network0 of 3 confirmingNo filing-linked name is confirming now
What would change this read
  • Revenue growth is currently tied to new providers, higher visit volume, and more Attributed Lives across capitated and Medicare programs.

Invalidation: The isolated read changes if PRVA's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Healthcare · Health Information Services

The latest filing evidence is available. 0 of 9 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 3 directly disclosed connections are confirming.

Evidence that supports
  • Revenue increased 21.4% versus the comparable filing period.
  • Operating margin improved 1.2 percentage points.
  • Net income increased 236.7% versus the comparable filing period.
Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • Revenue growth is currently tied to new providers, higher visit volume, and more Attributed Lives across capitated and Medicare programs.

Company research

Understand the business, not just the ticker

As of Sep 12, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods7
Price observations328
Usable filing statements155
Verified relationships3
Evidence supporting the case
  • Latest annual revenue changed +22.3% year over year.
Evidence challenging the case
  • Diluted shares increased 2.6% in the latest annual period.
Questions before a position
  • EV/sales is 745% above the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 11, 2026

20.43
6m-6.0%12m-9.9%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$966.2M+18.3%$-1.83+7.3%
2022-12-31$1.4B+40.4%$-0.08+7.5%
2023-12-31$1.7B+22.2%$0.19+12.6%
2024-12-31$1.7B+4.7%$0.11+0.7%
2025-12-31$2.1B+22.3%$0.18+2.6%

What management says matters

Persistent and emerging business drivers

Restructuring and cost reductionsnegative · 3 filings
23 Table of Contents Adjusted EBITDA We define Adjusted EBITDA as net income before interest income, net, provision for income taxes, net income attributable to non-controlling interests, depreciation and amortization, non-cash stock-based compensation, and o…
10-Q · Aug 6, 2026
Credit and interest ratesmixed · 1 filings
Interest income, net Interest income consists primarily of interest earned by the Company on bank balances, partially offset by interest expense (including deferred financing costs) in connection with our borrowings.
10-K · Feb 27, 2026
Legal and regulatory exposuremixed · 1 filings
Subject to applicable regulatory approvals and other customary closing conditions, the transaction is expected to close in the fourth quarter of 2025.
10-Q · Nov 6, 2025
Macroeconomic conditionsmixed · 1 filings
These procedures also included, among others, (i) testing the completeness and accuracy of the underlying data used by management, and (ii) the involvement of professionals with specialized skill and knowledge to assist in evaluating the reasonableness of man…
10-K · Feb 27, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales 1.2× · EV/sales 1.0×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

20.43+0.4% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for PRVA. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Latest filing assessment

Fundamentals strengthened in the latest filing

10-Q filed 2026-08-06 against the comparable filing from 2025-08-07.

constructive
OperationsconstructiveEvidence score +4
liquidityneutralEvidence score 0
valuationmixed

Capital and cash conversion

Reported investment and cash context

Stock compensation / revenue
+3.1%

Capex, revenue, and operating cash flow are matched to the same reported duration. Reported accounting context, not a forecast or trading recommendation.

What improved

  • Revenue increased 21.4% versus the comparable filing period.
  • Operating margin improved 1.2 percentage points.
  • Net income increased 236.7% versus the comparable filing period.

What weakened

No thresholded deterioration was identified.

Filing receipts

Key drivers of this revenue growth include: FFS–patient care revenue, which increased $81.2 million, primarily attributable to the addition of new providers and increase in visit volume; an increase in capitated revenue of $19.6 million due to an increase in Attributed Lives related to capitated arrangements; an increase in shared savings revenue of $8.9 million during the three months ended June 30, 2026, primarily due to timing of certain shared savings accruals and settlements; an increase in Attributed Lives in Medicare programs and continued strong performance in our value based care programs in the aggregate; and an increase in PMPM revenue of $3.8 million, primarily due to increased...

Key drivers of this revenue growth include: FFS–patient care revenue, which increased $160.5 million, primarily attributable to the addition of new providers and increase in visit volume; an increase in shared savings revenue of $36.0 million during the six months ended June 30, 2026, primarily due to timing of certain shared savings accruals and settlements; an increase in capitated revenue of $35.1 million due to an increase in Attributed Lives related to capitated arrangements; an increase in Attributed Lives in Medicare programs and continued strong performance in our value based care programs in the aggregate; and an increase in PMPM revenue of $6.5 million, primarily due to increased...

ncrease in capitated revenue of $35.1 million due to an increase in Attributed Lives related to capitated arrangements; an increase in Attributed Lives in Medicare programs and continued strong performance in our value based care programs in the aggregate; and an increase in PMPM revenue of $6.5 million, primarily due to increased Attributed Lives.

Historical filing backfill generated after the original filing window. It is not part of Jodie's live track record.

Business ecosystem

The relationships behind PRVA

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

EVHEvolent Health, Inc.investeeFeb 27, 2026

In December 2025, we acquired Evolent Health, Inc.’s accountable care business, adding over 120,000 attributed lives through the MSSP, as well as various commercial and Medicare Advantage programs.

EVHEvolent Health, Inc.partnerNov 6, 2025

On September 23, 2025, the Company entered into a definitive agreement to acquire an ACO business from Evolent Health, Inc.

Depended on by

ASTHAstrana Health, Inc.competitorMar 12, 2026

Major competitors of our ACOs include Privia Health and Aledade.

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 1 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

PRVA is currently a Follower in the organic co-movement group Biotechnology. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

This group is retained as the last observed read for PRVA; it is not active in the latest market snapshot.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.