PRVAPrivia Health Group, Inc.
Services-Health Services
- Revenue
- $2.1B
- 22% YoY
- Operating margin
- 1.6%
- 65% YoY
- EBITDA
- $44M
- 82% YoY
- Market cap
- $2.7B
- Employees
- 1,226
- $2M revenue each
- Net debt / EBITDA
- —
- AI in 10-K
- 4.1
- mentions per 10K words
Takeover score 2 of 13
Fixable underperformance 0 of 7
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo713% of net incomeCash flow under 80% of net income
- Dilutive SBCNo3% of revenueOver 10% of revenue
- Payouts exceed cash flowNo0% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo14% of assetsOver 40% of assets
- Shareholder dissentNo94% lowest supportAny vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeNo$2M · 95th pctBottom quartile of its SIC industry
- Quiet on AINo4.1 per 10K words · 79th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Buyout-sizedYes$2.7B market capMarket cap $500M–$5B
Catalysts 1 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingYes−$22M netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $966M | $1.4B | $1.7B | $1.7B | $2.1B | 22% |
| Operating income | −$217M | −$19M | $21M | $17M | $34M | 102% |
| Net income | −$188M | −$9M | $23M | $14M | $23M | 59% |
| Operating cash flow | $55M | $47M | $81M | $109M | $163M | 50% |
| Capex | $547K | $104K | $113K | — | — | |
| Stock-based comp | $254M | $67M | $37M | $57M | $71M | 25% |
Deal filings
None.
13D filers
| Filed | Filer | Form | Stake | Intent |
|---|---|---|---|---|
| Sep 8, 2026 | Boehler Adam | SCHEDULE 13D | 5.1% | Passive |
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $22M · 40
- Net
- −$22M
Pay vs performance
No pay-versus-performance disclosure yet.