Privia Health Group, Inc.

Listed Company

PRVACIK 0001759655NasdaqLarge AcceleratedServices-Health ServicesDelawareFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$22.92M

Total Assets

$1.37B

Equity

$737.22M

Shares Out

123.69M

Op. Cash Flow

$163.40M

Business

Privia Health Group, Inc. is a technology-driven, national physician-enablement company that collaborates with physician practices, health plans, and health systems to improve outcomes, lower costs, and enhance patient and provider experience. It offers the Privia Platform and Privia Technology Solution alongside services such as data analytics, revenue cycle management, practice and clinical operations, MSO management, ACO participation, virtual care, concierge services and population health management. Its operations are organized into Owned and Non-Owned Medical Groups, local MSOs, ACOs and Privia Care Partners. The company operates across multiple U.S. markets (14 states and the District of Columbia) via care center locations, payer and employer contracts, and integrated virtual and in-person channels.

Summary from filing dated 2025-02-27

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue	2,123	1,736	1,658	1,357	966
Provider expense	1,661	1,333	1,299	1,051	728
Cost of platform	253	227	198	171	175
Sales and marketing	27	26	25	20	23
General and administrative	138	126	110	130	256
Depreciation and amortization	10	7	7	5	2
Total operating expenses	2,089	1,719	1,637	1,376	1,184
Operating income	34	17	21	−19	−217
Interest income, net	10	11	8	542,000	—
Income before provision for income taxes	44	28	29	−19	−219
Provision for income taxes	14	11	8	−7	−28
Net income	30	17	21	−12	−191
Less: Net income (loss) attributable to non-controlling interests	7	3	−2	−3	−2
Net income attributable to Privia Health Group, Inc.	23	14	23	−9	−188
Net income per share attributable to Privia Health Group, Inc. stockholders basic (in dollars per share)	0.19	0.12	0.2	−0.08	−1.83
Net income per share attributable to Privia Health Group, Inc. stockholders diluted (in dollars per share)	0.18	0.11	0.19	−0.08	−1.83
Weighted average common shares outstanding - basic (in shares)	122	119	117	111	103
Weighted average common shares outstanding diluted (in shares)	129	126	125	111	103

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	480	491	390	348	321
Accounts receivable, net of allowance for credit losses of $15.4 million and $9.3 million	401	316	291	190	117
Prepaid expenses and other current assets	30	27	21	14	9
Total current assets	911	835	701	552	447
Property and equipment, net	504,000	1	2	3	5
Right-of-use assets	9	5	7	8	10
Intangible assets, net	216	110	108	57	60
Goodwill	210	142	139	127	128
Deferred tax asset, net	2	26	35	40	33
Other non-current assets	21	17	9	5	5
Total non-current assets	458	301	299	241	240
Total assets	1,369	1,136	1,000	793	686
Accounts payable and accrued expenses	97	82	58	53	46
Provider liability	470	365	326	208	—
Operating lease liabilities, current	2	3	3	3	3
Total current liabilities	569	449	387	264	190
Operating lease liabilities, non-current	7	3	5	8	11
Other non-current liabilities	3	153,000	313,000	1	3
Total non-current liabilities	10	3	6	9	46
Total liabilities	578	452	393	274	236
Commitments and contingencies (Note 13.)	—	—	—	—	—
Common stock, $0.01 par value, 1,000,000,000 shares authorized; 123,604,576 and 120,309,346 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively	1	1	1	1	1
Additional paid-in capital	892	813	754	715	634
Accumulated deficit	−156	−179	−194	−217	−208
Total Privia Health Group, Inc. stockholders equity	737	635	561	499	427
Non-controlling interest	54	48	46	20	23
Total stockholders equity	791	683	607	519	450
Total liabilities and stockholders equity	1,369	1,136	1,000	793	686

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation	739,000	1	1	1	1
Amortization of intangibles	9	6	5	3	1
Stock-based compensation	71	57	37	67	254
Deferred income taxes	11	9	7	−7	−28
Accounts receivable, net	−37	−20	−97	−72	−15
Prepaid expenses and other current assets	−2	−9	−6	−6	−1
Other non-current assets and right-of-use assets	−326,000	−2	−2	1	−10
Accounts payable and accrued expenses	15	20	5	7	1
Provider liability	66	33	113	—	—
Operating lease liabilities	−2	−3	−3	−2	14
Other long-term liabilities	2	−160,000	−1	−2	−6
Net cash provided by operating activities	163	109	81	47	55
Acquisitions, net of cash acquired	−180	−7	−43	0	−32
Other	−1	−5	−113,000	−104,000	—
Net cash used in investing activities	−182	−12	−43	−104,000	−33
Repurchase of non-controlling interest	0	0	−6	0	0
Proceeds from non-controlling interest	0	2	659,000	125,000	0
Distribution to non-controlling interest	−1	0	0	—	—
Proceeds from exercised stock options	8	3	9	13	4
Net cash provided by financing activities	7	4	4	−20	214
Net (decrease) increase in cash and cash equivalents	−11	102	42	27	236
Interest paid	251,000	285,000	40,000	713,000	888,000
Income taxes paid, net of refunds	7	4	1	307,000	504,000
Leases liabilities obtained in exchange for right-of-use assets	6	0	0	—	—

Filings

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