The massive GAAP EPS miss vs consensus will pressure the stock near-term, but the strong revenue beat, 36% Adjusted EBITDA growth, and reaffirmed guidance suggest underlying business momentum. Watch for the conference call to understand the GAAP EPS miss drivers (likely stock-based comp and higher tax provision) and whether the Street focuses on adjusted metrics or GAAP disappointment.
Price Chart
Executive Summary
Privia Health reported Q1 2026 revenue of $603.8M (+25.8% YoY) and GAAP EPS of $0.02, well below the $0.25 consensus estimate. Adjusted EBITDA grew 36.3% to $36.7M, and the company reiterated full-year 2026 guidance across all key metrics while raising its Attributed Lives outlook. The GAAP EPS miss is significant, but the strong revenue beat, robust operational metrics, and reaffirmed guidance provide a mixed picture.
Key Financial Metrics
Key Facts
- Q1 2026 revenue of $603.8M (+25.8% YoY) beat consensus of $561.9M
- GAAP EPS of $0.02 missed consensus of $0.25 by 92%
- Adjusted EBITDA of $36.7M, +36.3% YoY
- Full-year 2026 guidance reiterated across all key metrics; Attributed Lives guidance raised to 1.60M-1.625M
- Practice Collections of $914.8M, +14.6% YoY
- Operating cash flow used $49.5M in Q1 vs $24.1M used in Q1 2025
- Cash balance of $419.5M, down from $479.7M at year-end 2025
Financial Impact
Revenue beat by $41.9M (+7.5% vs consensus); GAAP EPS missed by $0.23 (-92% vs consensus); Adjusted EBITDA grew 36.3% YoY
Risk Factors
- GAAP EPS miss of 92% vs consensus could trigger significant sell-off
- Operating cash flow negative $49.5M vs negative $24.1M a year ago, driven by large accounts receivable build
- Cash balance declined $60.2M in the quarter
- High stock-based compensation ($21.9M) continues to depress GAAP profitability
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001759655-26-000027 |
| Document: prva-20260507.htm | 0001759655-26-000027 |
| Document: 0001759655-26-000027-index-headers.html | 0001759655-26-000027 |
| Document: 0001759655-26-000027-index.html | 0001759655-26-000027 |
| Document: 0001759655-26-000027.txt | 0001759655-26-000027 |
| 8-K Data (Synthetic) | 0001759655-26-000027 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 13, 2026 11w ago | Insider Cluster | $28.03 $21.98 | ▼ −21.58% | ▼ −24.08% | $20.30 (−27.58%) |
Jul 9, 2026 12w ago | Insider Cluster | $27.77 $22.00 | ▼ −20.78% | ▼ −23.02% | $20.30 (−26.90%) |
Jul 7, 2026 12w ago | Press Release | $27.23 $23.79 | ▼ −12.63% | ▼ −13.97% | $20.30 (−25.45%) |
Jul 7, 2026 12w ago | Insider Cluster | $27.23 $23.79 | ▼ −12.63% | ▼ −13.97% | $20.30 (−25.45%) |
Jul 2, 2026 13w ago | Insider Cluster | $27.36 $23.86 | ▼ −12.79% | ▼ −12.38% | $20.30 (−25.80%) |
May 27, 2026 18w ago | Press Release | $21.74 $24.53 | ▲ +12.83% | ▲ +14.73% | $20.30 (−6.62%) |
May 22, 2026 19w ago | 3 | $22.79 $23.69 | ▲ +3.95% | ▲ +5.37% | $20.30 (−10.93%) |
May 7, 2026 21w ago | 8-K | $23.99 $20.66 | ▼ −13.88% | ▼ −17.02% | $20.30 (−15.38%) |
May 4, 2026 21w ago | Insider Cluster | $24.24 $21.31 | ▼ −12.09% | ▼ −17.73% | $20.30 (−16.25%) |
May 1, 2026 22w ago | Insider Cluster | $24.85 $21.31 | ▼ −14.25% | ▼ −19.53% | $20.30 (−18.31%) |
US Market Status
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