Privia Health Group Inc. (PRVA) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
950 N. GLEBE RD., SUITE 700 ARLINGTON, VA 22203 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 80 - Health Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 389,511 | 347,992 | 320,577 | |||
| Cash and cash equivalents | 389,511 | 347,992 | 320,577 | |||
| Receivables | 290,768 | 189,604 | 117,402 | |||
| Other undisclosed current assets | 20,525 | 14,366 | 8,697 | |||
| Total current assets: | 700,804 | 551,962 | 446,676 | |||
| Noncurrent Assets | ||||||
| Operating lease, right-of-use asset | 6,612 | 8,089 | 9,634 | |||
| Property, plant and equipment | 2,325 | 3,386 | 4,502 | |||
| Intangible assets, net (including goodwill) | 246,379 | 184,325 | 187,676 | |||
| Goodwill | 138,749 | 126,938 | 127,938 | |||
| Intangible assets, net (excluding goodwill) | 107,630 | 57,387 | 59,738 | |||
| Deferred income tax assets | 35,200 | 40,368 | 33,364 | |||
| Other noncurrent assets | 8,580 | 4,683 | 4,521 | |||
| Total noncurrent assets: | 299,096 | 240,851 | 239,697 | |||
| TOTAL ASSETS: | 999,900 | 792,813 | 686,373 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities, including: | 57,831 | 52,837 | 45,985 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | 12,292 | ||
| Accounts payable | 7,882 | 6,731 | 2,973 | |||
| Accrued liabilities | 43,976 | 39,929 | 23,229 | |||
| Other undisclosed accounts payable and accrued liabilities | 5,973 | 6,177 | 7,491 | |||
| Debt | 875 | |||||
| Other undisclosed current liabilities | 329,121 | 211,437 | 143,601 | |||
| Total current liabilities: | 386,952 | 264,274 | 190,461 | |||
| Noncurrent Liabilities | ||||||
| Long-term debt and lease obligation | 42,731 | |||||
| Long-term debt, excluding current maturities | 31,688 | |||||
| Liabilities, other than long-term debt | 5,559 | 9,490 | 3,000 | |||
| Other liabilities | 313 | 1,000 | 3,000 | |||
| Operating lease, liability | 5,246 | 8,490 | 11,043 | |||
| Total noncurrent liabilities: | 5,559 | 9,490 | 45,731 | |||
| Total liabilities: | 392,511 | 273,764 | 236,192 | |||
| Equity | ||||||
| Equity, attributable to parent | 561,437 | 499,094 | 426,872 | |||
| Common stock | 1,182 | 1,148 | 1,078 | |||
| Additional paid in capital | 753,869 | 714,639 | 633,902 | |||
| Accumulated deficit | (193,614) | (216,693) | (208,108) | |||
| Equity, attributable to noncontrolling interest | 45,952 | 19,955 | 23,309 | |||
| Total equity: | 607,389 | 519,049 | 450,181 | |||
| TOTAL LIABILITIES AND EQUITY: | 999,900 | 792,813 | 686,373 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|---|
| Revenues | 1,657,737 | 1,356,660 | 966,220 | ||
| Cost of revenue | (1,200) | ||||
| Cost of goods and services sold | (1,200) | ||||
| Liability for future policy benefits, period expense (income) | |||||
| Gross profit: | 1,656,537 | 1,356,660 | 966,220 | ||
| Operating expenses | (1,637,088) | (1,375,782) | (1,183,656) | ||
| Other undisclosed operating income | 1,200 | ||||
| Operating income (loss): | 20,649 | (19,122) | (217,436) | ||
| Nonoperating income (Other undisclosed Nonoperating income) | |||||
| Interest and debt expense | (500) | (1,100) | |||
| Income (loss) from continuing operations before equity method investments, income taxes: | 20,649 | (19,622) | (218,536) | ||
| Other undisclosed income from continuing operations before income taxes | 8,372 | 1,042 | 30 | ||
| Income (loss) from continuing operations before income taxes: | 29,021 | (18,580) | (218,506) | ||
| Income tax expense (benefit) | (7,993) | 6,516 | 27,857 | ||
| Income (loss) from continuing operations: | 21,028 | (12,064) | (190,649) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (190,649) | |
| Net income (loss): | 21,028 | (12,064) | (190,649) | ||
| Net income (loss) attributable to noncontrolling interest | 2,051 | 3,479 | 2,419 | ||
| Net income (loss) available to common stockholders, diluted: | 23,079 | (8,585) | (188,230) | ||
Comprehensive Income ($ in thousands)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|---|
| Net income (loss): | 21,028 | (12,064) | (190,649) | ||
| Comprehensive income (loss): | 21,028 | (12,064) | (190,649) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 2,051 | 3,479 | 2,419 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 23,079 | (8,585) | (188,230) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.