NASDAQ$PRVA

Privia Health Group, Inc · Q4 2025 earnings

Q4 2025 earnings · · Before market open · Investor relations

Briefing

Privia Health reported Q4 2025 revenue of $541.2M, net income of $9.2M, and diluted EPS of $0.07.

Q4 2025 revenue was $541.2 million with net income of $9.2 million and diluted EPS of $0.07. Implemented provider lives and value-based care contracts continued expanding across medical groups.

  • Revenue $541.2M in Q4.
  • Net income $9.2M; EPS $0.07.
  • Provider network growth in value-based arrangements.
  • Practice management platform scaling.

Headline financials

Total Revenue

$541M

Previous: $461B-99.9%
EPS (adj)

$0.07

Previous: $0.21-66.7%
Implemented Providers

5.4K

Previous: 4.8K+12.3%
Attributed Lives

1.5M

Previous: 1.3M+22.7%
Practice Collections

$869M

Previous: $793M+9.6%
Care Margin

$117M

Previous: $108M+8.1%
Platform Contribution

$55.1M

Previous: $53.2M+3.4%
Adjusted EBITDA

$31.5M

Previous: $24.9M+26.4%
Platform Contribution Margin

47.3%

Previous: 49.4%-4.3%
Adjusted EBITDA Margin

27.0%

Previous: 23.1%+16.9%
Net Income

$9.2M

Previous: $56.7M-83.8%
Operating Income

$11.3M

Previous: $5.2M+116.9%
Gross Profit

$114M

Previous: $106M+7.5%

Revenue & EPS history

Privia Health · Revenue · Quarterly

$541M

Q4 2025-99.9%vs Q4 2024
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Revenue by segment

Privia Health · $417M total across 6 segments · Q3 2023

  • FFS-patient care
    $246M
  • Capitated revenue
    $88.5M
  • Shared savings
    $33.5M
  • FFS-administrative services
    $29.8M
  • Care management fees (PMPM)
    $17.8M
  • Other revenue
    $2.03M

Forward guidance

Outlook centers on attributed lives, MSSP/ACO performance, and new market entries.

Tailwinds

  • Returned to profitable quarter.
  • Value-based care tailwinds.

Headwinds

  • Physician recruitment and integration costs.
  • Payer contract renegotiation timing.

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 Q4 2025

Historical avgQ4 2025

+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

Earnings price reactions
QuarterReport dateReaction (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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