NASDAQ$PRVA
Privia Health Group, Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Privia Health's financial performance for Q1 2023 was reported, featuring revenue growth and reaffirmed full-year guidance.
Privia Health reported a strong first quarter in 2023, with revenue increasing by 23.1% compared to the previous year. The company also saw improvements in gross profit and operating income, and reiterated its full-year 2023 guidance.
- Total revenue for the first quarter of 2023 was $386.3 million, a 23.1% increase year-over-year.
- Operating income for the first quarter of 2023 was $6.7 million, compared to an operating loss of $(11.5) million in the prior year first quarter.
- Non-GAAP adjusted net income was $19.3 million, or $0.16 per diluted share, a 30.4% increase year-over-year.
- The company reiterated its full-year 2023 guidance.
Headline financials
Revenue & EPS history
Privia Health · Revenue · Quarterly
$386M
Revenue by segment
Privia Health · $378M total across 5 segments · Q1 2023
- FFS-patient care$228M—60.3%
- Capitated revenue$78.3M—20.7%
- Shared savings$43.9M—11.6%
- FFS-administrative services$26.4M—7.0%
- Other revenue$1.35M—0.4%
Forward guidance
Privia Health reiterated its full-year 2023 guidance.
Tailwinds
- Implemented Providers: 4,050 to 4,150
- Attributed Lives: 1,050,000 to 1,150,000
- Practice Collections: $2,700 million to $2,850 million
- GAAP Revenue: $1,550 million to $1,650 million
- Adjusted EBITDA: $70 million to $74 million
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
+3.5%
Avg return
Earnings day
+4.1%
Avg return
5 days after
+1.3%
Avg return
30 days after
64%
16 / 25 earnings
Positive
+28.3%
Q1 2022
Best reaction
-8.8%
Q2 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.1% | -4.1% | -9.9% | |
| Q4 2025 | +9.9% | +4.9% | -11.6% | |
| Q3 2025 | -4.3% | -2.8% | -4.7% | |
| Q1 2025 | +7.3% | +4.2% | -0.6% | |
| Q4 2024 | +5.8% | +6.1% | -6.1% | |
| Q3 2024 | +0.7% | +6.7% | +0.1% | |
| Q2 2024 | +4.4% | +9.7% | +2.1% | |
| Q1 2024 | -4.7% | -4.3% | -9.1% | |
| Q4 2023 | +9.4% | +11.6% | -2.0% | |
| Q3 2023 | +9.7% | +9.0% | +6.0% | |
| Q2 2023 | +1.6% | -1.2% | -2.3% | |
| Q1 2023 | +7.3% | +7.2% | -8.3% | |
| Q4 2022 | +4.6% | +6.3% | +1.7% | |
| Q3 2022 | +5.3% | +6.2% | -9.7% | |
| Q2 2022 | +0.6% | -4.6% | +13.3% | |
| Q1 2022 | +28.3% | +25.1% | +41.0% | |
| Q4 2019 | -2.0% | +6.4% | -3.5% | |
| Q4 2021 | +3.3% | +7.5% | +10.4% | |
| Q3 2020 | +12.3% | +18.3% | -14.5% | |
| Q3 2021 | +12.3% | +18.3% | -14.5% | |
| Q2 2020 | -8.8% | -14.8% | -26.5% | |
| Q2 2021 | -8.8% | -14.8% | -26.5% | |
| Q4 2020 | -2.2% | +0.7% | +34.8% | |
| Q1 2020 | -2.2% | +0.7% | +34.8% | |
| Q1 2021 | -1.1% | +0.9% | +39.1% |
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